Credit Suisse Deal Halted Crisis Swiss National Bank Says
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UBS makes Ermotti best-paid European bank boss
Swiss lender awards returning chief executive $15.9mn for steering integration of Credit SuisseFinancial Times - Business -
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 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 - Business -
Swiss find Lebanon’s biggest bank guilty of serious money laundering breaches
Finma uncovers millions of francs in unexplained payments by Banque Audi to senior political figuresFinancial Times - Business -
UBS said Sergio Ermotti would stay on as chief executive officer to see through the integration of Credit Suisse.
UBS said Sergio Ermotti would stay on as chief executive officer to see through the integration of Credit Suisse.The Wall Street Journal - World -
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 -
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 -
Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.CNBC - Business -
Hygiene poverty is a sign of crisis, says charity
The Hygiene Bank says families feel shame and isolation when they cannot afford to buy toiletries.BBC News - Top stories -
A newspaper says video of Prince William and Kate should halt royal rumor mill. That's a tall order
A British newspaper says Prince William and his wife Kate, the Princess of Wales, have been filmed at a farm shop near their Windsor homeABC News - Entertainment - United Kingdom -
Robinhood wants to be ‘a one-stop shop’ with its new credit card. Is the Robinhood Gold card a good deal?
Here’s who should consider applying for the 3% cash-back gold cardMarketWatch - Business -
AI-powered fraudsters are overwhelming bank defenses, Treasury report says
U.S. banks are struggling to keep up with evolving artificial-intelligence technology that has enabled fraudsters to easily impersonate customers and spread malware using AI-generated text, according to a report published Wednesday by the Treasury ...MarketWatch - Business -
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.The Wall Street Journal - World -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
BlackRock’s Larry Fink calls for urgent national action on retirement crisis
The retirement crisis facing America is so “big and urgent” that government and corporate leaders need to stop business as usual and tackle the problem so that future generations will be able to grow older with dignity, according to the chair and ...MarketWatch - Business -
Medical crisis in Gaza hospitals at ‘unimaginable’ level, aid agencies say
Visiting medical team reported untreated open wounds, shortage of supplies to pin fractures and lack of food jeopardising treatment. The obstacles to Gaza aid deliveries – visual guideThe medical situation in Gaza’s hospitals has reached an ...The Guardian - World -
Larry Fink Says World Leaders Must Address Growing Retirement Crisis
The BlackRock CEO’s annual letter says demographics will strain retirement systems.The Wall Street Journal - World -
Canada's Poor Productivity Has Reached Emergency Status, Senior Central Bank Official Says
Bank of Canada’s senior deputy governor, Carolyn Rogers, warns that a turnaround is urgently needed to protect the economy from future bouts of inflation.The Wall Street Journal - World -
Ethiopia's biggest bank says it has recouped most of the cash lost during a system glitch
Ethiopia’s biggest bank says it has recouped nearly 80% of the cash it lost during a system glitch that allowed customers to take out more money than they had in their accountsABC News - World -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
Inside the elite Swiss school for hotel managers
As befits a country that runs like clockwork, a university-level institution is coaching students in the exacting standards of high-end hospitalityFinancial Times - World -
Our lack of affordable, safe housing is a national crisis. Here are three things Labour can do to fix it | Peter Apps
If it gets to No 10, the party should fund a social housing boom, tackle homelessness – and usher in a post-Grenfell era of safety. Our writers and experts name the pledges Labour must include in its manifestoThe failures in housing policy over ...The Guardian - World -
BlackRock's Larry Fink sees Social Security crisis, says 65 retirement age 'a bit crazy'
The issue of retirement took center stage in Fink's letter to shareholders.CNBC - Business -
Sudan is on course to become the world's worst hunger crisis, with children already dying, UN says
Yahoo News - World -
‘Tone-deaf’ fossil gas growth in Europe is speeding climate crisis, say activists
Just 2% of continent’s gas capacity has planned retirement date despite pledges to decarbonise, study shows. Europe’s “tone-deaf” expansion of fossil gas is accelerating climate breakdown and increasing reliance on hostile regimes, campaigners ...The Guardian - World - Climate -
BlackRock's Larry Fink says young people have a lot going for them, but retirement crisis looms
In an interview with CNBC's Jim Cramer, BlackRock CEO Larry Fink said he's hopeful about the younger generation.CNBC - Business -
Middle East Crisis: U.S. Says Israel Has Agreed to Try to Reschedule Canceled Trip
Prime Minister Benjamin Netanyahu had called off a visit to Washington by an Israeli delegation after the U.S. decided against vetoing a cease-fire resolution at the U.N.The New York Times - World - Israel -
Middle East Crisis: Top U.N. Court Orders Israel to Ensure Aid to Gaza
In its strongest language yet, the International Court of Justice in The Hague ordered Israel to ensure “the unhindered provision” of humanitarian assistance.The New York Times - World - Israel -
Fisker Says Deal Talks End, Adding Pressure to EV Maker
The negotiations were critical to giving the California company a lifeline to stave off bankruptcy. Shares traded below a dime.The Wall Street Journal - World -
Fisker Says Deal Talks End, Adding Pressure to EV Maker
The negotiations were critical to giving the California company a lifeline to stave off bankruptcy. Shares traded below a dime.The Wall Street Journal - Business -
Bertelsmann would consider deal to expand music business BMG, says chief
Europe’s largest media group open to ‘joining forces’ after previous expansion attempts were scuppered by regulatorsFinancial Times - Business -
Verstappen exits Australian GP, halting win streak
Max Verstappen's run of nine straight F1 victories end at the Australian Grand Prix, where a brake fire ended his race early Sunday.ESPN - Sports - Australia -
Expansion plans for Porsche test track in Italy halted
Yahoo News - World -
Owner halts sale of Wolves, Lynx to Lore, A-Rod
Timberwolves owner Glen Taylor is no longer selling his controlling stake, saying minority owners Marc Lore and Alex Rodriguez didn't meet contractual deadlines.ESPN - Sports -
Middle East crisis live: Medical teams at two hospitals in Gaza pinned down by heavy gunfire, Palestinian Red Crescent says
Two hospitals in Gaza besieged by Israeli forces with staff in ‘extreme danger’, Palestinian Red Crescent says. The only effective and efficient way to deliver heavy goods to meet Gaza’s humanitarian needs is by road and includes an exponential ...The Guardian - World -
Rail route of the month: cheese, chocolate and a magical ride to the Swiss town of Gruyères
The scenery – and delicacies – get better and better for our slow travel expert as she takes a local train through Canton Fribourg to a beautiful medieval village. It was a handpainted sign on a wooden barn that piqued my interest in Gruyères. I ...The Guardian - 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 -
Redefining Your Banking Relationship
Banking is a partnership, not a transaction. And it can help Black women overcome systemic financial hurdles.Inc. - Business -
A turning point in central banking
Last week’s monetary policy moves mark a shift away from strict inflation targetingFinancial Times - World -
Washington finalizing deal to hire Danny Sprinkle as new head coach, AP source says
Washington is finalizing a deal to hire Utah State’s Danny Sprinkle as its next men’s basketball coach, a person with knowledge of the deal told The Associated PressABC News - Sports