March 18 (Reuters) – BlackRock Inc (BLK.N) Vice Chairman Philipp Hildebrand joins talks as Swiss officials try to broker a deal for UBS Group (UBSG.S) to acquire Credit Suisse Group AG (CSGN.S) take), Bloomberg News reported Saturday, citing unidentified sources. When asked about the report, BlackRock spokesman Ryan O’Keeffe said in a telephone interview that … Read more
March 18 (Reuters) – Credit Suisse Group AG (CSGN.S) embarked on an all-or-nothing weekend after some rivals became cautious in their dealings with the bank as regulators urged the bank to pursue a deal with Swiss rival UBS AG (UBSG. S). Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over … Read more
First Republic Bank tumbles over dividend suspension SVB Financieel seeks bankruptcy protection FedEx jumps on full-year profit forecast Indexes down: Dow 1.31%, S&P 1.17%, Nasdaq 0.80% NEW YORK, March 17 (Reuters) – Wall Street fell on Friday at the end of a tumultuous week marked by the unfolding banking sector crisis and the gathering storm … Read more
March 17 (Reuters) – European Central Bank regulators see no contagion for eurozone banks from the recent turmoil, a source said Friday, after US lenders First Republic Bank (FRC.N) tossed a $30bn lifeline and record amounts from the Federal Reserve. To book. Major US banks stepped in on Thursday to bail out the San Francisco-based … Read more
Asian Stock Markets: The ECB delivered a 50 basis point hike as promised, dropped forecasts Credit Suisse shares rallied 20% after support from the SNB First Republic Bank Gets $30 Billion Injection, Concerns Remain Fed data showed banks were looking for record emergency liquidity SYDNEY, March 17 (Reuters) – Asian markets extended a risk rally … Read more
TEGUCIGALPA, March 16 (Reuters) – A senior envoy from President Joe Biden will travel to Panama and Honduras this month, the US State Department said Thursday, days after Taiwan’s ally Honduras said it would establish formal diplomatic ties with China. Chris Dodd, the U.S. special presidential adviser to the Americas, will visit the two Central … Read more
WASHINGTON, March 16 (Reuters) – The US banking system remains sound and Americans can be confident that their deposits will be there when they are needed, Treasury Secretary Janet Yellen said on Thursday, though she denied that recent bailouts following two major bank failures mean there is there was now a general government guarantee for … Read more
Stocks rise as Switzerland provides Credit Suisse with lifeline Bond yields are rising, ECB expected rate hikes of as much as 50 basis points Oil climbs from 15-month low Graphic: World FX Rates LONDON, March 16 (Reuters) – European markets rallied on Thursday, as a 50 billion Swiss franc ($53.94 billion) lifeline for beleaguered lender … Read more
February retail sales, falling producer inflation Credit Suisse US stocks hit a record low Regional bank shares fall Indexes down: Dow 1.82%, S&P 1.55%, Nasdaq 0.88% NEW YORK, March 15 (Reuters) – US equities fell sharply on Wednesday as turbulence at Credit Suisse reignited fears of a banking crisis and overshadowed bets on a smaller … Read more
NEW YORK, March 15 (Reuters) – First Republic Bank (FRC.N) spoke to at least one private equity firm about raising capital before it secured funding from JPMorgan Chase & Co (JPM.N) and US authorities intervened with support for the industry, said two sources familiar with the matter. The talks, previously unreported, shed new light on … Read more