Credit Suisse Takes $54bn Loan from Swiss Central Bank after Share Price Plunge
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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 -
A turning point in central banking
Last week’s monetary policy moves mark a shift away from strict inflation targetingFinancial Times - World -
GameStop Confirms More Layoffs, Share Price Tumbles After Sales Slide
GameStop has published its latest earnings briefing, and as part of it, the video game retailer said it was cutting an unspecified number of jobs, according to Reuters.. These layoffs could be part of the previously announced plan to close a ...GameSpot - Tech -
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 -
After Moscow attack, migrants from Central Asia hit by backlash
Migrants in Russia reported an uptick in xenophobia after Moscow said Tajiks were behind last week's attacks.BBC News - Top stories -
Inflation Requires Caution for Brazil's Central Bank
Brazil’s central bank may have room to keep easing monetary policy gradually, but “core-services inflation underlying dynamics merit attention,” Goldman Sachs’ Alberto Ramos says.The Wall Street Journal - World - Inflation -
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 -
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 -
Retired grandmother still owes $108,000 in student debt 40 years after taking out loan
According to the U.S. Department of Education, 43 million Americans owe a collective $1.3 trillion in student loan debt.The Hill - Politics -
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 -
Extremism endangers Germany's prosperity, warns central bank chief
Yahoo News - World -
Polish central bank chief seeks truce with Tusk over ‘idiotic’ accusations
Adam Glapiński insists he did not abuse his powers in bid to keep Law and Justice party in powerFinancial Times - 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 -
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 -
Lowe’s credit card now has a 31.99% interest rate. Customers call it ‘loan sharking.’
“These interest charges could be astronomical on a big purchase,” says one credit-card expert.MarketWatch - Business -
March Madness: No. 6 Clemson survives furious Baylor rally to beat back No. 3 Bears, advance to Sweet 16
Clemson almost blew a big lead, but held on to advance to the tournament's second weekend.Yahoo Sports - Sports - College Football -
Reddit shares plunge almost 25% in two days, finish the week below first day close
Reddit shares are plummeting from the rally highs experienced after the social messaging company's IPO last week.CNBC - Business -
45 dead as bus plunges from bridge into ravine in South Africa
Only survivor after vehicle falls 50 metres and catches fire is eight-year-old who was taken to hospital with serious injuries. An eight-year-old child was the sole survivor after a bus carrying 46 people fell 50 metres from a bridge in South ...The Guardian - World -
Reddit Said to Price IPO at $34 a Share, in a Positive Sign for Tech
The social media company raised $748 million in the offering. Its shares begin trading on the New York Stock Exchange on Thursday.The New York Times - Tech -
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 -
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 -
Poland's ruling coalition wants the central bank chief tried in court over hurting state interests
Lawmakers with Poland’s ruling pro-European Union coalition have launched a rare process to bring the central bank chief before a special court on allegations of acting against the country’s financial interestsABC News - World -
Poland's ruling coalition wants the central bank chief tried in court over hurting state interests
Yahoo News - 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 -
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 -
Lawmakers Push Bill to Block the SBA From Expanding Further Into Direct Loans
In the proposal, Senators John Kennedy and Tim Scott cite the SBA's track record with fraud within its pandemic-era lending programs.Inc. - Business -
Islamic State ‘recruiting from Tajikistan and other central Asian countries’
UN report reveals Islamist group which claimed Moscow attack has enlisted militants from other terror groups. Videos back IS claim it carried out Russia attackIslamic State launched a major recruitment drive last year aimed at militants from ...The Guardian - World -
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 -
Baidu Shares Rise After Reports of Apple Collaboration
Shares of Baidu rose sharply in Hong Kong after reports of possible collaboration involving artificial intelligence between the Chinese tech giant and smartphone giant Apple.The Wall Street Journal - World - Apple -
Baidu Shares Rise After Reports of Apple Collaboration
Shares of Baidu rose sharply in Hong Kong after reports of possible collaboration involving artificial intelligence between the Chinese tech giant and smartphone giant Apple.The Wall Street Journal - Tech - Apple -
Trump says 'I love Truth Social' one day after DWAC stock plunges on social media merger vote
Donald Trump faces big civil judgments, but the merger of Digital World Acquisition and his social media company could net him a $3 billion windfall.CNBC - Business - Donald Trump -
Bridge collapse live updates: First responders called out to people on bridge
A container ship struck Baltimore's Francis Scott Key Bridge early Tuesday.ABC News - Top stories -
8-year-old is the only survivor after bus plunges off cliff in South Africa, killing 45 people
CAPE TOWN, South Africa — A bus carrying worshippers headed to an Easter festival plunged off a bridge on a mountain pass and burst into flames in South Africa on Thursday, killing at least 45 people, authorities said.NBC News - Top stories -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Three dead after Israeli army operation and clashes in the West Bank
Yahoo News - World - Israel -
Trump’s stake in social media group hits $4.6bn after market debut
Shares of company behind former president’s Truth Social platform rise 16% in first day of tradingFinancial Times - Business - Donald Trump -
Oil Prices Rise, Bouncing Back from Wednesday's Losses
Oil prices rose despite a surprise build in U.S. crude inventories last week.The Wall Street Journal - World -
Dow Industrials, S&P 500 Dip to Start Week
Stocks were mostly lower as chip makers came under pressure, after a report that China plans to phase out U.S.-made microprocessors in government computers and servers.The Wall Street Journal - World