credit

As Rates Rose, Banks Did a Balance-Sheet Switcheroo

Lenders pledged to hold on to money-losing bonds until maturity, allowing them to avoid reporting losses. Source link

2 years ago

UBS Brings Back Sergio Ermotti as CEO

UBS said its former leader Sergio Ermotti will return as chief executive, as the Swiss banking giant moves into a…

2 years ago

UBS turns to ex-CEO Ermotti to steer Credit Suisse takeover By Reuters

© Reuters. FILE PHOTO: Swiss bank UBS CEO Sergio Ermotti addresses a news conference in Zurich, Switzerland February 20, 2020.…

2 years ago

Explainer-What are credit default swaps and why are they causing trouble for Europe’s banks? By Reuters

© Reuters. FILE PHOTO: Deutsche Bank logo and rising stock graph are seen in this illustration taken March 12, 2023.…

2 years ago

Landlords Are Even Less Popular Than Banks in Europe

MarketsHeard on the StreetReal-estate stocks in the region are carrying more debt than landlords in the U.S. and the lending…

2 years ago

Jamie Dimon to Face Questioning in Lawsuits Over JPMorgan's Epstein Ties

The bank had resisted the U.S. Virgin Islands’ efforts to force its CEO to submit to a deposition. Source link

2 years ago

Binance Sees $2 Billion in Outflows as Troubles Compound

In a tumultuous few days, the crypto giant raised fees, suffered software issues and faced a regulator lawsuit. Source link

2 years ago

Apple Rolls Out Buy Now, Pay Later Plan

The tech company will let users apply for loans of as much $1,000 with no interest or fees. Source link

2 years ago

Fed’s Barr Says Silicon Valley Bank Failed Because It Didn’t Address Clear Risks

MarketsFinancial RegulationOfficials say agencies are preparing reports on recent bank failures Source link

2 years ago

Fed’s Barr Says Silicon Valley Bank Failed Because It Didn’t Address Clear Risks

MarketsFinancial RegulationOfficials say agencies are preparing reports on recent bank failures Source link

2 years ago