Credit Suisse takeover hits heart of Swiss banking, identity

seattletimes.com Analysts say the UBS takeover of embattled rival Credit Suisse has shaken Switzerland’s self-image and dented its reputation as a global financial center.

Seven Dividend Stocks for Uncertain Economic Times

barrons.com Treasuries aren't the only refuge in a slowdown. Dividend names also "can provide a margin of safety," says UBS.

Crypto Markets Rally on Bets Fed Will Slow Pace of Rate Hikes

thedefiant.io Crypto and stocks rallied Friday after the publication of data that show inflation in the U.S. cooling in February. Bitcoin and Ether are up just over 2% after U.S.…

International Finance Dilemma: Excess Liquidity Versus Freshwater Shortage

forbes.com When Central Banks gathered in Washington, Frankfurt, and London last week, their central focus was response strategies to contain a double-headed crisis: hard-to-abate…

How Apple Pay Later Will Pressure PayPal, Cash App And Affirm

investors.com Apple's (AAPL) methodical move into consumer financing has progressed with the launch this week of buy now, pay later offerings. The move into consumer financing hasn't…

The Average Wall Street Bonus Fell by an Obscene Amount in 2022

thestreet.com Wall Street's 2022 bonus payout is a 26% drop from the year before. As companies and government institutions tightened their belts amid a challenging economy, many people…

Wall Street lines up against SEC chair Gary Gensler on one of his most controversial proposals

cnbc.com The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington. Today is the final day for the trading industry and investors to…

‘The future of banking has no banks,’ Bernstein says. Welcome to ‘hyper-bitcoinization’

theblock.co The recent banking crisis shows how bank runs have evolved, and any further accidents could prove pivotal for bitcoin, according to Bernstein analysts. "Welcome to the new…

Banking: Bank stocks end tough quarter with mixed trades as sector stabilizes despite outflows from savings accounts

marketwatch.com Bank stocks ended the last trading month of the first quarter with mixed trades on Friday, as positive U.S. inflation data lifted the broad equities market after a rough…

Hedge funds retrench after getting pummeled during wild March

reuters.com LONDON/NEW YORK/HONG KONG, March 31 (Reuters) - March's market turmoil has forced many macro and trend-following hedge funds to cut bait on bad portfolio bets and caused at…

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…

First Republic Bank: Fed Strikes Back

seekingalpha.com If a week ago there were still questions about whether First Republic Bank (NYSE:FRC) would be able to avoid a liquidity crisis, then the expansion of various emergency…

Opening Bell Analysts Research Calls for Friday, March 31

247wallst.com This report was sent to Briefing.com subscribers earlier today. Research calls posted earlier this morning are available here. Upgrades: > Air France-KLM (AFLYY) upgraded to…

Here's Why People Are Blaming Smartphones and Social Media for the Bank Collapse

thestreet.com Finance gurus point to technology as a bank run panic percolator. SVB wouldn’t argue. It turns out that Superman isn’t the only high-profile supernova that flies at the…

It's the U.S., not Europe's banking system that's a concern, top economists say

cnbc.com Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in its banking system, several economists and policymakers…

Europe's inflation eases to 6.9% as energy falls but food up

go.com LONDON -- Inflation in the 20 countries that use the euro currency slowed to the lowest level in a year as energy prices dropped, but food costs were still on the rise,…

Top analyst calls on Wall Street Friday

cnbc.com Here are Friday's biggest calls on Wall Street: Citi initiates McKesson as buy Citi said McKesson has "transformed itself into an agile healthcare services company." "And…

Post-2008 reforms didn't solve the problem of 'too big to fail' banks

cnn.com Regulation introduced after the 2008 financial crisis was supposed to make bank bailouts a thing of the past. But its biggest test so far has revealed some serious…

Outsourced trading landscape continues to shift as banks prepare for a new wave of interest

thetradenews.com Outsourced trading, despite its controversies, has seen increased demand from market participants resulting in increased investment from custodians and other service…

Ros L’Esperance

barrons.com Ros L’Esperance is co-head of global banking at UBS.

FDIC chair Gruenberg gets heat from lawmakers over bargain basement SVB deal

fortune.com Transformational acquisitions are often a tough sell on Wall Street, particularly when the assets purchased are of dubious quality. The morning after UBS revealed it was…

Stocks making the biggest moves premarket: Bed Bath & Beyond, Nikola, Virgin Orbit and more

cnbc.com An exterior view of a Bed Bath & Beyond store on February 7, 2023 in Clifton, New Jersey. Check out the companies making headlines before the bell. Bed Bath & Beyond – Bed…

Questionable Citigroup Loans from FHLB and Credit Suisse's Impending Impact on Eurodollar Network Raises Concerns

themacrolist.com Here is what we will be getting into today: • None How Unrealized Bond Losses are Pushing Regional Banks to the Brink. Title: Citigroups Citibank Took the Largest Amount of…

Global deals sink to lowest level in over a decade

foxbusiness.com A series of factors had a major impact on global mergers and acquisitions (M&A) in the first quarter of 2023. Dealmaking shrank to its lowest level in more than a decade…

Post-2008 reforms didn’t solve the problem of ‘too big to fail’ banks

cnn.com Regulation introduced after the 2008 financial crisis was supposed to make bank bailouts a thing of the past. But its biggest test so far has revealed some serious…

ChatGPT can generate readable copy for free. These writers aren’t afraid

theglobeandmail.com Dan Yurman has been a professional copywriter his entire working life. It wouldn’t be hard for the 46-year-old owner of Re:word Content Co., a Toronto messaging agency…

Euro zone inflation eases to 6.9% as energy falls, but food prices still on the rise

theglobeandmail.com Inflation in the 20 countries that use the euro currency slowed to the lowest level in a year as energy prices dropped, but food costs were still on the rise, keeping…

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…

What’s Driving The Bull Run of SENSEX and NIFTY?

thegeopolitica.com The world market was at the dock after the collapse of several banks in different countries. The failure of the 16th largest Silicon Valley Bank in the United States and…

Implosion Of SVB And Ensuing Financial Panic Is A Huge Risk But Also An Opportunity For Emerging Markets

forbes.com The global economy has stepped on another landmine with the implosion of Silicon Valley Bank and the ensuing financial turmoil that is nowhere near done. While experts agree…

Chinese companies rush for U.S. listings ahead of new rules

reuters.com SHANGHAI/SINGAPORE, March 31 (Reuters) - The number of U.S. IPOs by Chinese firms jumped in March, as some of them rushed to set up offshore listings before rules take…

Goldman Sachs' top stock picks in Europe include three with over 100% upside

cnbc.com Fears of contagion in the global financial system and uncertainty over interest rates have weighed on investor sentiment in recent weeks, but opportunities remain amid the…

China's JD.com to spin off industrial, property units in $1 bn Hong Kong floats

reuters.com E-commerce firm JD.com Inc (9618.HK) is planning to spin off its property and industrial units and list them on the Hong Kong stock exchange in deals worth $1 billion each,…

Take Five: Springing into action

reuters.com [1/2] A "Now hiring" sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, U.S., May 9, 2022. REUTERS/Mike Blake/File Photo March…

Hot Stocks: WMT, UBS and BABA higher; SCHW dips;; BBBY fell on bankruptcy hint; BTU

seekingalpha.com Stocks moved higher during Thursday's midday session led by banking and tech stocks, following the release of weekly first-time jobless claims totals and second revision of…

Analysis: Future for shock-absorbing bank debt uncertain in Credit Suisse aftermath

reuters.com [1/2] The Credit Suisse logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 16, 2023. REUTERS/Brendan…

Colm Kelleher: Irish banking veteran overseeing Credit Suisse takeover

ft.com UBS chair pivotal to biggest banking deal since 2008

Intel On Track With Data Center Chip Lineup, Touts Play In Artificial Intelligence

investors.com has reassured Wall Street it is on track with its data center processor roadmap. The chipmaker also says it has a play in the burgeoning artificial-intelligence market.…

Signals From Philippines Bode Well For Asia Amid Banking Crisis

forbes.com As Asia worries about a 2008 global crisis redux, signals from the Philippines offer hope the region is better positioned than thought to withstand shocks from the West.…

Dollar to log quarterly drop as rate hike bets recede

reuters.com The dollar tracked toward a second consecutive quarterly loss on Friday, as investors see U.S. interest rates close to peaking and expect the dollar's yield advantage is in…

Google: Secret GPT-4 App Store Could Be Deadly

seekingalpha.com Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) has reigned supreme in the world of search for decades, however recently the company has faced a number of major challenges. In a…

One of the world’s richest men knows why Silicon Valley Bank really failed: ‘People on iPhones’

yahoo.com Since the fall of Silicon Valley Bank, experts and market watchers have openly worried that the collapse of that institution, along with Signature Bank and Silvergate Bank,…

Former Credit Suisse CEO ‘quite comfortable’ with state of global banking industry

arabnews.com MIAMI: Credit Suisse’s former CEO Tidjane Thiam, now executive chairman of the Freedom Acquisition Corporation, on Thursday talked about the risks he believes the banking…

Investment Bank Centerview Jumps Ahead in Deal Rankings

thedailyupside.com So far this year, boutique investment bank Centerview Partners handled nearly 20 deals with a total value that outpaced Wall Street titans like Morgan Stanley and Bank of…

Andy Sieg Leaving Merrill Lynch to Join Citi

advisorhub.com Merrill Lynch Andy Sieg is stepping down after six years leading Bank of America brokerage, the company announced on Thursday. Sieg is taking on a new role as head of global…

Wall Street's sharks are circling: the sharpest investors are about to make a bundle off the banking crisis

businessinsider.com Not all banks are created equal. Some bank failures, like those in 2008, have the power to paralyze the entire global economy, and others, like the ones we're seeing now,…

Oil rises on US crude draw and Iraqi supply risks

arabnews.com LONDON: Oil prices rose on Thursday as a surprise drop in US crude stockpiles and a halt to exports from Iraq’s Kurdistan region offset a smaller than expected cut to…

Jim Cramer says these 7 currently undervalued 'franchise names' are stocks worth buying

cnbc.com Wall Street is overlooking the long-term value of many Club holdings, creating opportunities for investors to buy seven of these "franchise names," according to Jim Cramer.…

Short sellers generated paper profit of $14 billion betting against bank stocks in March amid SVB chaos

businessinsider.com A woman visits the Signature Bank branch in New York City. Signature Bank was closed by regulators. Leonardo Munoz/VIEWpress Short sellers betting against bank stocks logged…

Stocks making the biggest moves midday: Bed Bath & Beyond, EVgo, UBS and more

cnbc.com A Bed Bath & Beyond store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Bed Bath & Beyond Inc. said it would shutter another 87 stores in addition to the…