Ubs to Buy Credit Suisse for Nearly $325b to Calm Turmoil
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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 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 -
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 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 -
U.S. Consumer Watchdog Turns Focus to Credit Card Rewards, Buy-Now-Pay-Later Companies
The Consumer Financial Protection Bureau, acting on increased complaints, will examine rewards market and deferred payment programs.Inc. - Business -
Rates need to calm down
They’re being too loudFinancial Times - World -
China’s property turmoil hits midsized bank Everbright
Regional lender’s shares fall after profits miss estimates due to investment losses and increase in cash set aside for bad debtsFinancial Times - World - China -
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 -
Traders bet US election will unsettle market calm
Vix and VStoxx indices show expectations of volatility around prospective Biden-Trump rematchFinancial Times - World -
The Office Market Is in Turmoil. So Why Are Rents More Expensive?
U.S. office rents are holding steady—or even climbing—despite soaring vacancy rates, a record amount of available sublease space, and rising defaults.The Wall Street Journal - World -
Mick Mulvaney defends Ronna McDaniel amid NBC turmoil
Former White House chief of staff Mick Mulvaney is dismissing criticism NBC News is facing from some of the network's biggest stars over its decision to hire former Republican National Committee Chair Ronna McDaniel as a paid contributor. "This ...The Hill - Politics -
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 -
Lil Jon swaps crunk for calm with new album "Total Meditation"
In a surprising pivot from his signature Southern "crunk" style, rapper, DJ and producer Lil Jon released a new album titled "Total Meditation."CBS News - 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 -
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 -
Israeli court halts subsidies for ultra-Orthodox, deepening turmoil over mandatory military service
Israel’s Supreme Court has ordered an end to government subsidies for many ultra-Orthodox men who don't serve in the armyABC News - World - Israel -
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 -
Zambia agrees deal to restructure nearly $4bn of bonds
Bankrupt southern African nation moves closer to exiting default with revised bondholder arrangementFinancial Times - Business -
Almost four million smart meters not working properly
Customers report being hit by hefty bills caused by smart meters not working properly.BBC 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 -
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 -
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 -
Nearly 300 abducted schoolchildren in northwest Nigeria freed after two weeks
Yahoo News - World -
Nissan to cut cost of making electric cars by nearly a third by 2030
Japanese carmaker aims to take on Chinese rivals, launching 16 EVs in the next three years. Business live – latest updatesNissan is planning to cut the costs of manufacturing electric vehicles by nearly a third by 2030, as it seeks to compete with ...The Guardian - World -
The American Fraudster Who Nearly Bought an English Soccer Club
Chris Kirchner played golf with the stars and tried to buy Derby County and Preston North End. Now he’s facing a lengthy prison sentence.The New York Times - Sports -
Nearly $2 billion up for grabs as Mega Millions and Powerball jackpots soar
The stars have aligned in the lottery universe like never before, with two jackpots totaling nearly $2 billionABC News - Top stories -
Papa Johns pizza to shut nearly a tenth of UK sites
The chain has confirmed it will shut 43 of its 450 restaurants by the middle of May.BBC News - Top stories - United Kingdom -
Russia extends journalist Evan Gershkovich's detention after nearly a year
A Moscow court on Tuesday extended the pretrial detention for The Wall Street Journal reporter Evan Gershkovich until the end of June. After hearing from prosecutors, Gershkovich's detention was extended until June 30, according to state-run news ...The Hill - Politics - Russia -
Nearly a third of employed Americans under 30 used ChatGPT for work: Poll
More employed Americans have used the artificial intelligence (AI) tool ChatGPT for work since last year, with the biggest increase among the younger portion of the workforce, according to a Pew Research poll released Tuesday. The survey found ...The Hill - Politics