Credit Suisse Collapsed Because of Government Intervention, Not despite It

mises.org Credit Suisse, one of the fifty largest banks in the world, has joined the long list of Western banks over the past two decades that have been rescued from the brink of…

Swiss economists question UBS takeover of Credit Suisse in poll

reuters.com A poll of Swiss economists found that nearly half think the takeover of Credit Suisse (CSGN.S) by UBS (UBSG.S) was not the best solution, warning the saga has dented…

Deception At Its Finest: The Truth Behind The Smoke

datadriveninvestor.com Deception At Its Finest: The Truth Behind The Smoke Over the weekend, a statement was released regarding the critical situation at Credit Suisse, stating that all central…

Swiss authorities reveal cost of Credit Suisse's liquidity lifeline

reuters.com Switzerland's authorities revealed the interest rates Credit Suisse (CSGN.S) and UBS (UBSG.S) will pay for the 250 billion Swiss franc ($273.31 billion) emergency lifeline…

How UBS's boomerang CEO could start integrating rival Credit Suisse and calm investors

yahoo.com UBS's (UBS) boomerang CEO, Sergio Ermotti, is likely to take a careful yet strategic approach to the integration of Credit Suisse amid rattled UBS shareholders and an…

The Case for Gold is Looking Stronger

knowledgeleaderscapital.com The Federal Reserve’s balance sheet grew by $394B in the past two weeks. In the context of all G4 central banks, this move alone erases half of all quantitative tightening…

Bank of Canada ‘ready to act’ if financial turmoil spreads

theglobeandmail.com The Bank of Canada is “ready to act” if the banking sector turmoil in the U.S. spills across the border and hits Canadian financial institutions and markets, deputy governor…

Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years

cnbc.com Credit Suisse , the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may bring with it a fresh set of regulatory and legal…

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 Names Sergio Ermotti as New CEO to Supervise Credit Suisse Acquisition

coinspeaker.com Coinspeaker UBS Names Sergio Ermotti as New CEO to Supervise Credit Suisse Acquisition Investment banking company UBS has named former UBS Group CEO Sergio Ermotti as the…

Is the Fed Trying to Bail Out the World? Sure Looks Like It

mises.org The collapse of Swiss banking giant Credit Suisse recently was a catastrophe long in the making. A quick perusal of the bank’s financial statements from recent years shows…

Markets are getting their Fed call wrong, and the central bank isn't poised to cut rates anytime soon, BlackRock says

businessinsider.com Federal Reserve Board Chairman Jerome Powell. Alex Wong/Getty Images Markets are wrong in thinking the Fed will cut interest rates this year, according to BlackRock. Rate…

Adoption and nerves

cointelegraph.com On March 19, the United States Federal Reserve announced that it had entered a joint program with several major central banks — including the European Central Bank, the Bank…

BlackRock says the Fed will fight less but still not cut interest rates

marketwatch.com The Federal Reserve is going to stop throwing punches, but it’s not about to cut interest rates even as signs of fragility in the financial sector emerge, says leading fund…

Credit Suisse’s Decline Leaves the Future of Its Museum Sponsorships in Limbo

observer.com Credit Suisse’s sponsorships of prominent museums across the world is now in limbo after the Swiss bank was rapidly acquired by its rival UBS earlier this month. On March…

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…

Swiss sight deposits jump, suggesting Credit Suisse, UBS took emergency liquidity

reuters.com [1/2] A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, March 15, 2023. REUTERS/Denis Balibouse/ ZURICH, March 27 (Reuters) - Sight deposits held by the…

Banking Crisis Is How It Starts, Recession Is How It Ends

zerohedge.com Banking Crisis Is How It Starts, Recession Is How It Ends Authored by Lance Roberts via RealInvestmentAdvice.com, As the Fed tightens monetary policy, a banking crisis is…

Growing 90%, Raleigh-Based First Citizens Buys Assets Of Silicon Valley Bank

forbes.com Culture Clash much? The Federal Deposit Insurance Corporation (FDIC) sold a chunk of Santa Clara, Calif.-based Silicon Valley Bank to Raleigh, North Carolina-based First…

Morning Bid: Banks are leaking money

reuters.com A look at the day ahead in European and global markets from Wayne Cole It's been a quiet Monday so far with Asian share markets mixed but U.S. and European stock futures…

Marketmind: Banks are leaking money

investing.com A look at the day ahead in European and global markets from Wayne Cole It's been a quiet Monday so far with Asian share markets mixed but U.S. and European stock futures…

Credit Suisse accessed billions in liquidity last weekend, Swiss finance minister says

reuters.com tapped the Swiss National Bank for "a large multi-billion amount" last weekend to secure its liquidity, the country's finance minister Karin Keller-Sutter told Swiss…

This Week in Coins: Investors Rehash Bitcoin's 'Safe-Haven' Status as DeSantis Takes Aim at CBDCs

yahoo.com Last week’s crypto mega rally slowed this week. Still, many leading coins still posted double-digit gains over the last seven days. The upward price action was escalated by…

The Fed Is Creating A Black Swan Event Of Our Lifetime

seekingalpha.com This article was first posted in Outperforming the Market on March 23, 2023. Nassim Nicholas Taleb made popular the term "black swan event", and I do think that while the…

Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report

bitcoin.com Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according…

The Death of Credit Suisse

apricitas.io Thanks for reading! If you haven’t subscribed, please click the button below: By subscribing you’ll join over 24,000 people who read Apricitas weekly! Otherwise, liking or…

Das: Is A Full-Blown Global Banking Crisis In The Offing?

zerohedge.com Das: Is A Full-Blown Global Banking Crisis In The Offing? Authored by Styajit Das via NewIndianExpress.com, If everything is fine, then why are US banks borrowing billions…

The Great Credit Unwind & Powell's Hidden Pivot

zerohedge.com The Great Credit Unwind & Powell's Hidden Pivot Authored by Alasdair Macleod via GoldMoney.com, We are all now aware that the global banking system is extremely fragile.…

European banks head into another weekend of uncertainty as default risks surge

cointelegraph.com European banks are going into the weekend with renewed fears surrounding their future, as shares of Deutsche Bank plunged over 7% on the New York Stock Exchange on March 24,…

Bank of America identifies the next bubble and says investors should sell stocks rather than buy them after the last rate hike

marketwatch.com Another bubble has emerged, courtesy of the bank-sector crisis which has already felled three U.S. regional banks. Bank of America analysts led by the Michael Hartnett say…

Deutsche Bank shares sink: What to know

foxbusiness.com Shares for Deutsche Bank are falling Friday amid concerns that Germany's largest bank will pay higher costs for insuring itself against default. The same rising cost of…

Central Banks Decided To Continue Their Fight Against Inflation Despite The Banking Crisis

zerohedge.com Central Banks Decided To Continue Their Fight Against Inflation Despite The Banking Crisis By Phillip Marey, Senior US strategist at Rabobank Another week of banking turmoil…

Banking Crisis: The Next Domino Is Falling

seekingalpha.com In the last two weeks, the crisis suddenly - and at least for me surprisingly - picked up steam. I have predicted for a long time that I am quite certain we will see a…

Fed pause before European peers to lift Treasuries, European stocks

investing.com As markets bet banking turmoil will prompt the Federal Reserve to pause rate hikes before Europe, U.S. bonds and European equities are tipped to win from the recent…

Asian shares slide on banking concerns, bonds bet on last rate hikes

investing.com Asian shares were pressured on Friday after lingering banking stability concerns gripped Wall Street, while bonds bet the recent slew of rate hikes by central banks will be…

Yellen tries to assuage investor fears as bank stocks slide

investing.com U.S. Treasury Secretary Janet Yellen sought to reassure jittery investors that American bank deposits were safe and promised policymakers had more firepower to battle any…

Asian shares falter on banking concerns, bonds bet on last rate hikes

reuters.com Asian shares were lower on Friday as lingering banking stability concerns gripped Wall Street, while bonds bet the recent slew of rate hikes by central banks will be among…

Fed Balance Sheet Surges By Another $100BN Amid Bank Runs As Foreign Repos Soar By Record And Cash Floods Into Reverse Repo, Money Markets

zerohedge.com Fed Balance Sheet Surges By Another $100BN Amid Bank Runs As Foreign Repos Soar By Record And Cash Floods Into Reverse Repo, Money Markets The much awaited release of the…

Business Highlights: TikTok CEO's grilling, credit crunch

washingtonpost.com WASHINGTON — The CEO of TikTok has been grilled by a U.S. congressional committee to make the case for why the hugely popular video-sharing app shouldn’t be banned. Shou Zi…

Credit Suisse, UBS Subpoenaed In Russia Sanctions Probe

benzinga.com Shares of Credit Suisse Group CS and UBS Group AG UBS closed Thursday's session significantly lower, and new report released after the bell indicates the banks are now…

Bank of England raises rates, says inflation set to fade

investing.com raised interest rates for the 11th time in a row on Thursday, but said a surprise resurgence in inflation would probably fade fast, prompting speculation it had ended its…

Bank of England raises interest rates again, sees inflation shock fading

foxbusiness.com LONDON - The Bank of England raised interest rates by a further quarter of a percentage point on Thursday and said it expected the surge in British inflation to cool faster…

UBS races to seal Credit Suisse deal as soon as late April, sources say

reuters.com The Swiss authorities and UBS Group AG are racing to close the takeover of Credit Suisse Group AG within as little as a month, according to two sources with knowledge of the…

Analysis: Fed pause before European peers to lift Treasuries, European stocks

reuters.com [1/2] Federal Reserve Board Chair Jerome Powell holds a news conference after the Fed raised interest rates by a quarter of a percentage point following a two-day meeting of…

Gold price higher as Federal Reserve leans less hawkish

kitco.com Gold and silver prices are higher in early U.S. trading Thursday, in the wake of the U.S. central bank raising its main interest rate by a quarter-point, but also suggesting…

‘We were in an extremely fragile state.’ Swiss National Bank President says Credit Suisse takeover averted a bigger financial crisis

marketwatch.com ““We were in an extremely fragile environment where we had this banking crisis in the United States and enormous nervousness of financial markets in general.” ” That was…

Bank of England hikes interest rates following inflation shock

cnn.com The Bank of England hiked interest rates by a quarter of a percentage point Thursday, extending its long-running fight against inflation, which rose unexpectedly in…