Swiss Central Bank Offers Credit Suisse Liquidity Backstop
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UBS shares pop 9% as Swiss bank returns to profit after Credit Suisse takeover
It is the Swiss banking giant's first earnings report in the black since it completed the acquisition of fallen rival Credit Suisse.CNBC - Business -
UBS shares surge as bank returns to profit following takeover of Credit Suisse
UBS shares surged 8% on Tuesday as the bank outstripped analysts’ expectationsMarketWatch - Business -
Last Credit Suisse chief executive, Ulrich Körner, to leave UBS
Swiss bank will eliminate management board of former rival within weeksFinancial Times - Business -
UBS reports first quarterly profit since Credit Suisse takeover
Shares in Swiss lender climb as wealth management business helps drive better than expected earningsFinancial Times - Business -
Brazil's Central Bank May Cut by Less Than 50 Basis Points
Brazil’s central bank may not deliver on its guidance as it may cut interest rates by less than 50 basis points on Wednesday, Goldman Sachs’s Alberto Ramos says.The Wall Street Journal - World -
Societe Generale chief defends controls after Hong Kong trader’s unauthorized bets
The French banks both outstripped analysts’ expectations, causing their share prices to surgeMarketWatch - Business - Hong Kong -
Australia’s central bank says higher inflation could push rate cuts to 2025
RBA raises forecast for price growth in hawkish shift as global central banks pivot to higher-for-longer ratesFinancial Times - World - Australia -
MIT spin-off Rapid Liquid Print raises $7M for 3D printing
MIT spin-off Rapid Liquid Print has raised $7 million in funding for its novel liquid-based 3D printing technology.VentureBeat - Tech -
Meet the Vatican Swiss Guards ready to sacrifice their lives for the pope
World’s smallest army, which is preparing to swear in its latest recruits, has in the past engaged in ferocious battles. With their feathered helmets, ruffled collars and coloured, puffed-sleeve uniforms, the Vatican Swiss Guards are often likened ...The Guardian - World -
SNB Gets Protest Letter From Swiss Lawmakers Over AGM Spat
Yahoo News - World -
Swiss army knife maker to produce version without a blade
Victorinox, producer of the celebrated pocket tool, responds to ‘plague of knife crime’ with new variant. For more than a century, the Swiss army knife has been an essential piece of kit for everyone from picnickers and equestrians, to golfers and ...The Guardian - World -
Norges Bank Holds Rates, Hints at Later Cut
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
Bank holiday weather: Will it be warm or wet?
It's been warming up this week but could rain spoil your plans for the long weekend?BBC News - Top stories -
Danske Bank Outlook on Track as Demand Sustained
Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality.The Wall Street Journal - World -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Cryptofinance: Stablecoins encroach on shadow banking system
Plus, CZ gets four months and outflows from bitcoin ETFsFinancial Times - World - Crypto -
Danske Bank Outlook on Track as Demand Sustained
Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality.The Wall Street Journal - Business -
How divided is the Bank of England’s policy committee?
Market Questions is the FT’s guide to the week aheadFinancial Times - World -
Credit Agricole to Meet Targets Early
Credit Agricole posted a rise in first-quarter earnings that beat expectations on revenue growth across all its businesses and said it would reach its medium-term targets by the end of this year.The Wall Street Journal - World -
Credit Agricole to Meet Targets Early
Credit Agricole posted a rise in first-quarter earnings that beat expectations on revenue growth across all its businesses and said it would reach its medium-term targets by the end of this year.The Wall Street Journal - Business -
Agustín Carstens: ‘the Basel regime has been very good for the banks’
The BIS head on making global banking betterFinancial Times - World -
Texas Ban on 'Woke' Banks Opens Door for Smaller Firms
The political conflict over socially conscious finance has Wall Street heavyweights pulling back in Texas, the nation’s top issuer of state and local debt, with $42 billion last year.The Wall Street Journal - World - Texas -
Investors Were Burned by European Banks for Years---Until Now
After years in the doldrums, European banks have cleaned up their balance sheets. The result: Stock prices have surged.The Wall Street Journal - World -
Israeli forces kill five people in raid near West Bank’s Tulkarm
Hamas confirms four of five people killed during raid in village of Deir al-Ghusun were from its armed wing. Middle East crisis – live updatesIsraeli forces killed five Palestinians in an overnight raid in a village near the city of Tulkarm in the ...The Guardian - World - Israel -
Bank Indonesia ‘ready for the worst’ in face of hawkish Fed and currency volatility
Senior monetary official says central bank prepared to do more after intervening to shore up rupiahFinancial Times - World -
Citi sees ‘coiled spring’ for bank stocks, with Hancock Whitney in the spotlight
Citi analyst Ben Gerlinger sees bank stock as “attractive” for significant gains over the summer.MarketWatch - Business -
UBS Stock Rallies After Bank Swings Back to Profit
The Swiss bank posted a $1.8 billion net profit in the first quarter, triple the roughly $600 million that analysts were expecting. Revenue was higher and costs were lower than had been forecast.The Wall Street Journal - World -
Probe finds misogynistic ‘boys club’ culture at US bank regulator
FDIC chair Gruenberg faces fresh calls to quit after being singled out as an angry boss who lacks trust to lead changeFinancial Times - World -
What should the Bank of Japan do with its huge stock portfolio?
The central bank has called time on its ETF buying but has yet to to say what it will do with its massive investmentsFinancial Times - World -
Biden adds carveout to EV credit restrictions
Welcome to The Hill's Energy & Environment newsletter {beacon} Energy & Environment Energy & Environment The Big Story Biden issues flexible guidance for EV components The Biden administration granted leeway for qualifying for electric vehicle ...The Hill - Politics - Joe Biden -
Shell sold millions of ‘phantom’ carbon credits
Subsidy scheme in Alberta allowed oil major to register carbon credits equivalent to twice the volume of CO₂ capturedFinancial Times - Business -
U.S. consumers pull back sharply on credit-card use in March
Total consumer credit rose at a slower pace in March, the Federal Reserve reported Tuesday.MarketWatch - Business -
Errors on credit reports are an ‘epidemic’ — but nearly 25% of Americans can’t access their credit reports to check for mistakes, consumer advocates say
Credit reports are supposed to be available for free every week, but many consumers can’t get to their data, a Consumer Reports study found.MarketWatch - Business -
WATCH: Tornado spotted in central Texas
Dramatic video shows a large tornado touching down near homes in central Texas. Gov. Greg Abbott issued a disaster declaration for dozens of counties as the state was pummeled by severe storms.ABC News - Top stories