European and UK banking regulators sought to reassure markets Monday after holders of Credit Suisse Group AG’s riskiest bonds suffered a historic writedown as part of its takeover by UBS Group AG.
Former Federal Reserve Bank of New York President William Dudley anticipates that the US central bank will keep going with the runoff of its bond portfolio, despite the sudden surge of problems in the banking sector.
One junior bond issued by a Credit Suisse entity a decade ago has emerged unscathed from a wipeout of the lender’s riskiest notes as part of UBS Group AG’s takeover.
Time and again, they say, drivers of color get worse feedback than their White counterparts. The ratings help determine pay and employment.
Just weeks ago, they were bit players in the giant US banking system. Now, a handful of regional lenders are at the heart of a crisis that’s shaken the country and engaged the likes of Warren Buffett and Jamie Dimon.
As analysts at Goldman Sachs Group Inc. call time on the so-called greenium, a hedge-fund strategy is already taking advantage of the new pricing reality.
Starbucks Corp. said Laxman Narasimhan has assumed the role of chief executive officer on Monday, two weeks earlier than planned.
Markets have been trading as if the end of the world is at hand – but what most participants see, behind the recent financial turmoil and contagion fears, is a still-strong US economy, the MLIV Pulse survey shows.
First Republic Bank plunged after S&P Global Inc. cut its credit rating for the second time in a week, missing out on a strong rebound by its regional bank peers led by New York Community Bancorp.
The US Supreme Court refused to consider forcing New York to give more children medical exemptions from the state’s school vaccine requirements.
