Ubs Brings Back Ermotti As Ceo with Credit Suisse Deal Ahead
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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 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 -
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 -
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, 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 -
Rebecca Frecknall Is Bringing ‘Cabaret’ Back to Broadway
The British director Rebecca Frecknall’s immersive revival of the Kander and Ebb musical was a hit in London. This spring, she’s bringing it to Broadway.The New York Times - Top stories -
Baltic leaders urge Nato members to bring back conscription
Presidents of Latvia and Estonia say European states in alliance should do more to prepare for Russian threatFinancial Times - Business -
How an Ohio group is bringing God back to public school
LifeWise Academy's Bible lessons are permitted under a pair of decades-old U.S. Supreme Court rulings that allow off-campus religious instruction during school hours.NBC News - Top stories -
Apple and Google Are Discussing a Deal to Bring Generative A.I. to iPhones
A partnership would extend the long relationship between the companies that has helped deliver everything from maps to search on Apple’s devices.The New York Times - Tech - Apple -
Sources: D-backs, lefty Montgomery agree on deal
Jordan Montgomery and the Arizona Diamondbacks are in agreement on a one-year, $25 million deal with a vesting player option for a second season, sources told ESPN on Tuesday night.ESPN - Sports -
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 -
Want to bring microchip fabs back to the US? Exempt them from environmental review
What chases high-tech manufacturing abroad is not the lack of government subsidies, but excessive regulation and taxation.The Hill - Politics -
House sends $1.2T funding deal to Senate ahead of midnight shutdown cliff
Politico - Politics -
China's Xiaomi will price its Tesla EV rival under $69,400, CEO says ahead of Thursday launch
On Thursday, Xiaomi will officially launch the SU7, its first electric vehicle, and begin taking orders.CNBC - Business - China -
China megaport builder hits back as Peru moves to scrap exclusivity deal
Lima reverses course on right to operate controversial Chancay projectFinancial Times - World - China -
Ahead of sentencing, SBF team argues for 5-6 years in jail because FTX customers will get money back
Sam Bankman-Fried's defense team is trying to convince the judge for a lighter sentence because FTX customers will likely be made whole.CNBC - Business - Crypto -
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 -
Golden Globes, back in Hollywood's good graces, ink five-year deal with CBS
After several years of controversy, reform and uncertainty, the Golden Globe Awards will seek to turn the page once and for all at a new long-term home.Los Angeles Times - Entertainment -
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 -
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 -
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 -
"The Notebook" brings its romance to Broadway
In 1996 Nicholas Sparks' romantic novel "The Notebook" became a bestseller. Eight years later it was adapted to a classic movie starring Ryan Gosling and Rachel McAdams. And the love story that was "a song, a dream, a whisper," is now a Broadway ...CBS News - Entertainment -
How to Bring Great Ideas to Life
Eat the Change founder Seth Goldman prioritizes taste and ownershipInc. - Business -
The Japanese Sensei Bringing Baseball to Brazil
Once a semipro baseball player in Japan, Yukihiro Shimura has now become a baseball missionary.The New York Times - World - Brazil -
Boeing CEO steps down
Boeing CEO Dave Calhoun and its head of the commercial airplanes division, Stan Deal, are both out following a series of safety incidents with the company's planes. United Airlines is also facing scrutiny from the FAA. Kris Van Cleave has the latest.CBS News - Top stories -
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 -
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 -
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 -
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 -
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 -
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 -
Commuting is back — but not as we knew it
Pandemic predictions that the daily journey to work would die off are greatly exaggerated, according to FT analysisFinancial Times - Business -
Netflix's Co-CEOs Are Nothing Alike. That's a Good Thing.
Data-obsessed techie Greg Peters and Hollywood czar Ted Sarandos have gotten the streamer back on track.The Wall Street Journal - Business - Netflix