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Who is Sergio Ermotti? The Banker Tasked With Saving Swiss Banking
Finances

Who is Sergio Ermotti? The Banker Tasked With Saving Swiss Banking

Markets Finance Sergio Ermotti, who remade UBS into one of Europe’s strongest banks, is returning to handle the messy integration of Credit Suisse Source link

A Rapid-Finance World Must Ready for a Slow-Motion Banking Crisis
Business

A Rapid-Finance World Must Ready for a Slow-Motion Banking Crisis

Though the Federal Reserve and FDIC have stopped contagion from Silicon Valley Bank for now, smaller and regional banks could face pressure for years to

Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says
Finances

Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says

Markets Finance The Swiss bank failed to disclose transfers linked to a continuing tax conspiracy, according to a Senate investigation Source link

Credit Suisse Has UBS Worried, Spurring Return of Sergio Ermotti
Finances

Credit Suisse Has UBS Worried, Spurring Return of Sergio Ermotti

Markets Heard on the Street Hiring a trusted pair of hands for the task of integrating Credit Suisse is good news, but also highlights the

Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says
Business

Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says

Markets Finance The Swiss bank failed to disclose transfers linked to a continuing tax conspiracy, according to a Senate investigation Source link

Billions in Signature Bank Debt to Be Sold by Newmark
Finances

Billions in Signature Bank Debt to Be Sold by Newmark

FDIC to tap the real-estate firm to market about $60 billion in the failed lender’s loans, adding pressure the commercial property market. Source link

Banking Worries Fuel Gold Price Rally
Finances

Banking Worries Fuel Gold Price Rally

Prices recently topped $2,000 for the first time since Russia’s invasion of Ukraine. Source link

How the Bank Mess Can Hit Home Buyers
Finances

How the Bank Mess Can Hit Home Buyers

Lenders probably aren’t going to be buying many mortgage bonds, which could put upward pressure on mortgage rates. Source link