Bob Michele, the chief investment officer of fixed income at JP Morgan Asset Management, said he’s hopeful that UBS Group AG’s deal to buy its troubled Swiss rival Credit Suisse will be enough to stave off a wider selloff in European banks this week.
Milo Djukanovic, who’s seeking another term as Montenegro’s president, won the most votes in a Sunday ballot though he fell short of outright victory, state broadcaster RTCG reported, citing a local polling group.
Colony Capital founder Tom Barrack is taking a leading role in advising First Republic Bank on its options as the lender races to avoid a collapse after a $30 billion rescue last week failed to assuage investors, according to people familiar with the matter.
The government-backed deal to fold Credit Suisse Group AG into UBS Group AG has the support of regulators globally, though it may alter the enlarged group’s capital requirements down the line, according to Switzerland’s top markets supervisor.
First Republic Bank was downgraded again Sunday by S&P Global Inc., days after the ratings firm cut the lender to junk.
An emergency ordinance, a government backstop, and shareholders coming out better than some bondholders: UBS Group AG’s government-brokered deal to buy Credit Suisse Group AG is historic, complex and unique.
UBS Group AG’s rushed deal to buy beleaguered rival Credit Suisse Group AG wasn’t the best solution, but was the most reasonable of the options available, says Mohamed El-Erian.
Credit Suisse Group AG, once one of the stalwarts of the global financial system, is no more.
Here are some notable charts to monitor in commodities markets over the coming days.
New York Community Bancorp is pursuing a deal to acquire failed Signature Bank, according to people familiar with the matter.
