Deutsche Bank shares slide after sudden spike in the cost of insuring against its default
Deutsche Bank shares fell on Friday following a spike in credit default swaps Thursday night, as concerns about the stability…
Biden’s approval slips to 38%, near the lowest of his presidency, new poll says
President Joe Biden’s approval rating dipped in a new poll released Thursday, approaching an all-time low for that survey as…
Yellen says Treasury is ready to take ‘additional actions if warranted’ to stabilize banks
WASHINGTON — Treasury Secretary Janet Yellen said Thursday that the federal emergency actions to back up Silicon Valley Bank and…
Regional bank shares fall as Fed persists with rate hikes despite industry turmoil
Regional bank stocks spiraled lower Wednesday as investors weighed the Federal Reserve’s latest interest rate hike and commentary about the…
Fed hikes rates by a quarter percentage point, indicates increases are near an end
WASHINGTON — The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent…
Fail or sale? What could be next for stricken Credit Suisse
Credit Suisse may have received a liquidity lifeline from the Swiss National Bank, but analysts are still assessing the embattled…
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) Sunday, with Swiss regulators…
Asia’s regulators say banking system is robust and stable after UBS-Credit Suisse takeover deal
Regulators in Asia issued reassuring statements Monday that their banking systems remained robust and stable after Swiss banking giant UBS…
UBS shares reverse losses, Credit Suisse craters 55% after takeover deal
UBS shares staged a remarkable rally Monday afternoon, reversing steep losses after the bank’s 3 billion Swiss franc ($3.2 billion)…
