First Republic to Face Second S&P Downgrade in Less Than a Week
First Republic Bank will be downgraded again by S&P Global Inc., days after the ratings firm cut the lender to junk, according to people familiar with the matter.
Bloomberg Top News
Kazakhstan Ruling Party Set to Win Parliament Elections
Kazakhstan ruling party is set to win early parliamentary elections on Sunday in what President Kassym-Jomart Tokayev called the final stage of a government “reset” in response to deadly riots last year.
Switzerland Grants UBS 9 Billion-Franc Credit Suisse Guarantee
Switzerland is granting UBS Group AG a 9 billion franc ($9.7 billion) guarantee to cover potential losses related to its takeover of Credit Suisse Group AG.
Credit Suisse’s Riskiest $17 Billion Bonds Rise After UBS Deal
Credit Suisse Group AG’s riskiest bonds rose sharply as traders bet that UBS Group AG’s deal to buy the troubled lender would spare holders significant losses.
Warren Says She Favors Increasing FDIC’s Deposit Insurance Cap
Senator Elizabeth Warren is calling for more US deposits to be covered by federal insurance and demanding government probes into whether lax regulation fueled this month’s collapse of Silicon Valley Bank and Signature Bank.
Trump Arrest Claim Draws Allies to His Side as 2024 Bid Heats Up
Donald Trump’s claim of an imminent arrest jolted the 2024 Republican primary field, with party leaders rallying to his side while forcing his potential challengers to choose between publicly supporting the former president or backing the moves of a Democratic prosecutor.
ADP, GMR Airports Infrastructure to Merge Joint Venture With GMR
Aéroports de Paris and GMR Airports Infrastructure Ltd. agreed to fold their joint-venture company into GMR, giving ADP a liquid stake in a business that owns airfields in India.
UBS Default Swaps Widen After Reaching Deal to Buy Credit Suisse
The cost of insuring UBS Group AG’s debt against default jumped in Sunday trading after the lender agreed to buy Credit Suisse Group AG.
Erdogan Turns to Jets to Boost Support in Turkey’s Election
Turkey unveiled a model of its first fighter jet this weekend, as President Recep Tayyip Erdogan attended events celebrating the country’s military history and his own role in building up its defense industry.
El-Erian Calls Credit Suisse Pushback on UBS Offer Unwise
Credit Suisse Group AG is unlikely to get a better offer than the one UBS Group AG has made with the backing of Swiss authorities, said Mohamed El-Erian.