Bloomberg Business

Steve Chiavarone doesn’t want to scare anyone, but what he remembers most from the last banking crisis was how sure most people were that it wouldn’t happen.

UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.

Seaborne crude exports edge lower, while storage tanks fill

Demand for some of the world’s safest securities surged after a government-brokered rescue deal of Credit Suisse Group AG failed to assuage concerns that stress in the banking system could spread.

Lim Kwang Ming, a managing director at HSBC Holdings Plc’s investment bank in Singapore, is leaving the company after serving almost 16 years, according to people with knowledge of the matter.

Oil prices sank, with West Texas Intermediate plunging below $65 a barrel, as escalating investor concerns about a global banking crisis eroded appetite for risk assets including commodities.

Pakistan’s government is planning to raise fuel prices for wealthier motorists that will fund a direct petrol subsidy for lower income groups while it continues to negotiate with the International Monetary Fund to revive a $6.5 billion bailout.

Automaker’s ambition to eliminate use of the materials in future models is focusing attention on the field of potential alternatives.

Easing financial conditions globally have made Morgan Stanley “outright bullish” on growth stocks in Asia and emerging markets versus their value peers.

Gold steadied, after rising above $2,000 an ounce for the first time in a year after a deal to buy Credit Suisse Group AG failed to entirely ease fears over the global banking sector.