#CREDITSUISSEGROUPAG News, Headlines and Posts

#CREDITSUISSEGROUPAG News

Euro-Area Core Inflation Hits Record, Backing Case for ECB Hikes

yahoo.com Underlying inflation in the euro area hit a record in March, handing ammunition to European Central Bank officials who say interest-rate increases aren’t over yet. • None A…

Ottawa’s budget proposals are a start but they only scratch the surface of bank risks

theglobeandmail.com Canadians cannot afford to be smug about the stability of our banks. That’s why it is reassuring to see the Trudeau government in troubleshooting mode. This week’s federal…

Global dealmaking sinks to lowest level in over a decade

reuters.com NEW YORK/LONDON, March 31 (Reuters) - Global mergers and acquisitions (M&A) activity shrank to its lowest level in more than a decade in the first quarter of 2023, as rising…

Who Is Sergio Ermotti? The Banker Tasked With Saving Swiss Banking - WSJ

wsj.com During Sergio Ermotti ’s last stint as chief executive officer at UBS Group AG, the bank slashed thousands of jobs, sharpened its focus and became the dominant Swiss…

China’s Financial Diplomacy Is Still Minor League

washingtonpost.com As Swiss officials wrestled UBS Group AG into acquiring Credit Suisse Group AG, the Federal Reserve beefed up dollar swap arrangements with five other monetary authorities…

Banking Chaos Creates ‘Once-in-a-Decade’ Bond Buying Opportunity

yahoo.com Global credit investors are jumping back into bank bonds following a sector-wide rout — though concerns about additional tier 1 debt remain. • None New Yorkers Are Moving to…

Coinbase Says US 1M Tech Jobs At Risk, Microsoft To Place Ads In ChatGPT Powered Bing Search, Netflix Preps For Big Transition Into TV Gaming: Today's Top…

yahoo.com None Cryptocurrency exchange Coinbase Inc (NASDAQ: COIN) says that one million tech jobs are at risk of being outsourced to other countries. • None Coinbase said as "the…

Former UBS CEO Sergio Ermotti Returns to Lead Credit Suisse Takeover

observer.com Swiss bank UBS said today (March 29) Sergio Ermotti, its former chief executive between 2011 and 2020, will return as CEO to tackle the bank’s integration with Credit…

Why BRP Isn't Worth the Money Right Now?

entrepreneur.com Insurance company BRP Group (BRP) reported mixed financials for the fourth quarter amid significant turbulence in the economy. Considering the macroeconomic headwinds, the…

Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says

wsj.com WASHINGTON— Credit Suisse Group AG violated the terms of a 2014 criminal plea agreement in which it promised to stop helping Americans hide assets from the U.S. tax…

Deutsche Bank Selloff Puts Spotlight on Credit Derivatives

wsj.com Last week’s selloff in Deutsche Bank AG shares and bonds has drawn attention from regulators—and sparked broad debate about whether credit-default swaps caused the market…

Cash Is a ‘Compelling Alternative’ to Stocks, Bank of America Says

yahoo.com Sticking with the mantra “cash is king” may be a winning strategy for investors this year as turbulence in the financial sector obscures the Federal Reserve’s path and…

UBS said Sergio Ermotti will return as chief executive to tackle the integration of Credit Suisse, less than two weeks after regulators engineered a shotgun…

wsj.com UBS Group AG said Sergio Ermotti will return as chief executive officer to tackle the integration of Credit Suisse Group AG, less than two weeks after regulators engineered…

UBS’s Sergio Ermotti Joins the Boomerang CEO Club

wsj.com The list of boomerang CEOs is growing. When UBS Group AG said Sergio Ermotti would return to oversee the integration of Credit Suisse Group AG, it drew from a familiar Wall…

Analysis

washingtonpost.com Sergio Ermotti, the former master returning to the top job, has important qualities lacked by Hamers and critical to shepherding the emergency takeover of Credit Suisse…

UBS Brings Back Ex-CEO To Lead Credit Suisse Takeover

zerohedge.com UBS Brings Back Ex-CEO To Lead Credit Suisse Takeover In a surprise announcement, UBS Group AG revealed that its previous head, Sergio Ermotti, will reassume the role of CEO…

Sergio Ermotti returns as UBS CEO after Credit Suisse deal

marketwatch.com UBS Group AG said Wednesday that it has decided to appoint Sergio P. Ermotti as its new chief executive replacing Ralph Hamers, and said the change is a result of its…

A Single Bet on Deutsche Bank’s Credit Default Swaps Is Seen Behind Friday’s Rout

yahoo.com Regulators are singling out a trade on Deutsche Bank AG’s credit default swaps that they suspect fueled a global selloff on Friday. • None Banks in France Face More Than…

Bitcoin is surging in chaos, breaking the $28,000 mark for the first time since June

techinzane.com Traders faced a high degree of uncertainty in the markets last week. US two-year bond yields were extremely volatile, with the CBOE Volatility Index, a measure of fear, also…

Credit Suisse’s Klein Loses the Deal of His Life as Plans for First Boston Collapse

yahoo.com Credit Suisse’s Klein Loses the Deal of His Life as Plans for First Boston Collapse (Bloomberg) -- Not long ago, Michael Klein had a happy message for unhappy bankers at…

Credit Suisse’s Final Days: The Race to Avert a New Banking Crisis

youtube.com Credit Suisse Group AG spent years stumbling between scandals and crises. In the end, a fateful comment from the bank’s biggest investor set off a panic that risked…

Credit Suisse’s Catastrophe Bonds Could Outlive the Bank

yahoo.com Bonds designed to insure Credit Suisse Group AG against disaster could outlive the bank. • None Binance and Its CEO Sued by CFTC Over US Regulatory Violations • None First…

Deutsche Bank Stock Price Rebounds Even as Worries Persist

wsj.com Deutsche Bank shares regained lost ground on Monday after last week’s swoon. But investors remain on edge and have begun to poke at the bank’s weak spots. Shares of the…

Markets Are Wrong on US Rate-Cut Bets, BlackRock Says

yahoo.com The Federal Reserve will keep raising interest rates despite traders betting otherwise as fears of a banking crisis convulse markets, according to BlackRock Inc. • None…

BlackRock, Fidelity Lose Out in $1 Trillion China Pension Market

yahoo.com In the battle for the biggest prize in China’s trillion-dollar pension market, BlackRock Inc. and other global firms have little chance of attracting clients like Judy Deng.…

Credit-Suisse-Killing Saudi National Bank Chair Resigns "For Personal Reasons"

zerohedge.com Credit-Suisse-Killing Saudi National Bank Chair Resigns "For Personal Reasons" Almost two weeks following an interview with Bloomberg TV, in which Saudi National Bank…

If Safety is Your Concern, Then Take a Look at Sandy Spring Bank

marketbeat.com The gold catalyst we’ve waited for (From Stansberry Research) The market has been selling off bank stocks on fears of contagion stemming from the Silicon Valley Bank…

Banking Crisis Raises Concerns About Hidden Leverage in the System

yahoo.com As traders rush to identify where the next bout of volatility will come from, some watchdogs think the answer may be buried in the huge pile of hidden leverage that’s been…

Analysis-US bank trading and deposits in focus after rollercoaster month

investing.com As U.S. banks prepare to close the books on a tumultuous quarter, analysts say trading revenue and deposits are among the key numbers to watch when lenders report earnings…

Analysis: US bank trading and deposits in focus after rollercoaster month

reuters.com As U.S. banks prepare to close the books on a tumultuous quarter, analysts say trading revenue and deposits are among the key numbers to watch when lenders report earnings…

US Equity Futures Advance, Dollar Inches Lower: Markets Wrap

yahoo.com US stock futures made small gains while a gauge of dollar strength fell fractionally in cautious trading early Monday amid growing concern over the risk of recession. • None…

Investors Brace for Another Week of Turmoil as Mad March Ends

yahoo.com Global financial markets are poised for another week of turmoil, as traders close out a dizzying month in which cascading worries about US and European lenders dominated…

Investors brace for week of turmoil amid banking woes, interest rate hikes: ‘Things break when central banks tighten too much’

fortune.com Global financial markets are poised for another week of turmoil, as traders close out a dizzying month in which cascading worries about US and European lenders dominated…