Holders of $17bn of Credit Suisse Bonds Wiped Out under Ubs Takeover
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UBS CEO Ermotti to Steer Credit Suisse Integration
UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.The Wall Street Journal - World -
UBS makes Ermotti best-paid European bank boss
Swiss lender awards returning chief executive $15.9mn for steering integration of Credit SuisseFinancial Times - Business -
Consumer Credit Lender CURO Files for Bankruptcy Under Heavy Debt Load
Company expects to reduce its debt by roughly $1 billion and save $75 million in annual cash interest payments through restructuring.The Wall Street Journal - World -
Carbon Credits Draw Fresh Attention Under SEC's New Climate Rules
Several private-equity firms have entered the carbon-credit market, seeing opportunity in the demand for high-quality credits as new pollution-disclosure rules are expected to bring more transparency to the sector.The Wall Street Journal - World - Climate -
SWPL Cup final: Reaction as Rangers ease Thistle aside
Rangers take on Partick Thistle in the SWPL Cup final at Tynecastle. Follow live updates and listen to BBC Scotland's Sportsound.BBC News - Top stories -
UBS to sell $8bn of loans to Apollo
Deal follows move by Swiss bank to renegotiate terms of original sale of a business owned by Credit SuisseFinancial Times - Business -
DS Smith in Takeover Talks With International Paper
DS Smith is in talks with International Paper regarding an all-share takeover proposal valuing DS Smith at $7.22 billion, potentially sparking a bidding war with peer Mondi.The Wall Street Journal - World -
DS Smith in Takeover Talks With International Paper
DS Smith is in talks with International Paper regarding an all-share takeover proposal valuing DS Smith at $7.22 billion, potentially sparking a bidding war with peer Mondi.The Wall Street Journal - Business -
New Jersey ticket holder wins $1.13bn Mega Millions jackpot
Winner beat odds of one in 302.6m to secure eighth largest prize in lottery history. A person in New Jersey overcame the odds on Tuesday night and won the $1.13bn Mega Millions jackpot, breaking a winless streak that dated to last December.. The ...The Guardian - World - Lottery -
UBS, Apollo Complete Securitization Unit Deal
UBS and Apollo Global Management have finalized a deal to offload Credit Suisse’s former securitized products business, as the Swiss bank continues its integration after the takeover.The Wall Street Journal - Business -
UBS Pays CEO Sergio Ermotti $15.6 Million
The bank hailed his “excellent performance in a defining year” for Switzerland’s largest bank by assets. Ermotti was recruited last April to serve as CEO for a second time.The Wall Street Journal - World -
How to consolidate credit card debt
Debt consolidation can help you pay off your credit cards faster. Learn more about consolidating your debt here.CBS News - Top stories -
Twitter usage in US ‘fallen by a fifth’ since Elon Musk’s takeover
App users for social media site, rebranded as X, down by 23% since November 2022 according to Sensor Tower. Use of Twitter in the US has slumped by more than a fifth since Elon Musk bought the site and rebranded it to X, according to data from ...The Guardian - World - Elon Musk -
International Paper’s takeover move raises possibility of bidding war for DS Smith
US-based group bids for UK company after £6.2bn deal already reached with packaging rival MondiFinancial Times - Business -
Spirent turns back on Viavi in backing Keysight’s $1.46 billion takeover bid
London listed Spirent Communications called on shareholders to back Keysight Technologies’ takeover planMarketWatch - Business -
UBS Pays CEO Sergio Ermotti $15.6 Million for Answering 'Call of Duty'
UBS gave Chief Executive Sergio Ermotti a $13.6 million bonus, hailing his “excellent performance in a defining year” for Switzerland’s largest bank by assets.The Wall Street Journal - World -
The Fallout From the Credit Card Swipe Fee Fight
A proposed settlement between Visa and Mastercard and merchants on swipe fees promises savings, but it may also alter the economics of premium credit cards.The New York Times - Business -
Deadline for Trump's bond approaching
Former President Trump must post nearly half a billion dollars by Monday if he wants to appeal the outcome of his New York civil fraud trial. Trump insists he has the money, but is using a "substantial amount" for his presidential campaign. ...CBS News - Top stories - Donald Trump -
Trump's bond break
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump gets surprise bond downgrade to $175M A New York appeals court handed former President Trump a surprise decision that ...The Hill - Politics - Donald Trump -
Week Ahead for FX, Bonds
U.S. monthly jobs data return to the spotlight as investors expect the Federal Reserve will lower rates over coming months, while in Europe investors will focus on German inflation figures.The Wall Street Journal - World -
DS Smith shares surge as International Paper’s takeover offer threatens to spark bidding war
International Paper has offered to buy DS Smith for £5.72 billion after Mondi submitted a bid to buy the firm for £5.12 billion earlier in MarchMarketWatch - Business -
I.R.S. Stepping Up Efforts to Squash Fraud in Tax Credit Program
The Employee Retention Tax Credit continues to be ripe for abuse as Congress mulls shutting the program down.The New York Times - Business -
Should you use a personal loan to pay off credit card debt?
Want to pay off high-interest credit card debt with a personal loan? Find out if that plan makes sense here.CBS News - Top stories -
Visa, Mastercard agree to lower credit-card fees in landmark merchant settlement
Visa and Mastercard agreed to lower and cap credit-card interchange rates as part of a landmark settlement with U.S. merchants.MarketWatch - Business -
How the Visa-Mastercard swipe-fee settlement could affect your credit-card rewards
The landmark agreement will limit the fees that businesses pay to accept credit cards — but customers aren’t likely to see savings.MarketWatch - Business -
Robinhood’s stock jumps after company launches first credit card
The Robinhood Gold Card is aimed at Robinhood Gold members — a subscription product offering premium services for a fee — and has no annual fee or transaction fees, but comes with a 3% cash back on all categories.MarketWatch - Business -
3 ways to pay off $30,000 in credit card debt
That amount of card debt can be overwhelming, but there are ways to pay it off. Here are a few to consider.CBS News - Top stories -
S&P Global Cuts Paramount Credit Rating Into Junk Territory
The ratings company cut Paramount Global to BB-plus from BBB-minus, citing continuing cord cutting and elevated investments required to support the buildout of streaming services.The Wall Street Journal - World -
Biden, Fighting for Credit and Raising Cash, Gets Help From Clinton and Obama
A fund-raiser on Thursday intends to raise $25 million to help re-elect the president, who has amassed a roster of achievements, but whose approval ratings are the lowest of the three.The New York Times - Top stories - Joe Biden -
Visa, Mastercard and the largest U.S. credit-card issuing banks agreed to a settlement with merchants over the fees charged for swiping credit cards.
Visa, Mastercard and the largest U.S. credit-card issuing banks agreed to a settlement with merchants over the fees charged for swiping credit cards.The Wall Street Journal - World -
Eric Trump on father's $400M bond: 'No one's ever seen a bond this size'
Eric Trump lamented the $454 million penalty imposed on his father, former President Donald Trump, to cover a civil fraud verdict. “No one's ever seen a bond this size,” he told Fox News host Maria Bartiromo during a Sunday interview. “Every ...The Hill - Politics - Donald Trump -
UBS sends a wake-up call to take profits on an outperforming stock. We're heeding it
We had not taken profits in this outperforming stock since last summer. A Wall Street downgrade Wednesday served as a wake-up call to do so.CNBC - Business -
UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck
UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant.CNBC - Business -
Green sovereign bonds are mostly for trains
How green is your railway?Financial Times - Business -
How the Rays bond over the NYT crossword puzzle
The secret to the Rays' bullpen camaraderie? A beloved word game -- the "varsity" version, to be exact.ESPN - Sports -
Trump spirals as bond deadline in fraud case nears
The eye-popping judgment against former President Trump in his New York fraud case has laid bare his precarious financial status, a matter that has sent the notoriously incensed real estate mogul off the rails. In Truth Social posts, Trump has ...The Hill - Politics - Donald Trump -
Some wild speculation about Ukrenergo bond prices
Premium puzzlesFinancial Times - World -
Zambia agrees deal to restructure nearly $4bn of bonds
Bankrupt southern African nation moves closer to exiting default with revised bondholder arrangementFinancial Times - Business -
Trump fraud trial bond reduced to $175 million
Former President Trump's bond in his New York fraud trial has been reduced to $175 million, down from nearly half a billion dollars. Trump's "hush money" trial, meanwhile, is set to begin April 15. Robert Costa reports.CBS News - Top stories - Donald Trump -
Trump’s bond reduced to $175mn in civil fraud case
New York appeals court gives former US president a reprieve even as he faces start of first criminal trial on April 15Financial Times - Business - Donald Trump