If you asked Torsten Slok a week ago how the economy was going to fare this year, he would have told you he was expecting a no-landing scenario, whereby the Federal Reserve would tame inflation without triggering a downturn.
It’s getting harder for the riskiest corporate borrowers to raise cash.
BlackRock Inc. Vice Chairman Philipp Hildebrand is taking part in discussions as Swiss officials race to put together a deal for UBS Group AG to take over Credit Suisse Group AG.
Senator Bernie Sanders said he plans to introduce a measure that would prevent big-bank executives from serving on the boards of the regional Federal Reserve banks that oversee them.
Former President Donald Trump said he expected to be arrested next week on New York charges and, echoing his rhetoric before the Jan. 6 Capitol riot, called for protesters to “take our nation back.”
Credit Suisse Group AG’s investment banking and trading operations are a key sticking point in the government-brokered talks for rival UBS Group AG to take over the troubled lender, according to people with knowledge of the matter.
US authorities are working with their Swiss counterparts as they seek to hammer out a deal for UBS Group AG to buy all or part of its struggling rival Credit Suisse Group AG, according to people familiar with the matter.
Russian President Vladimir Putin made an unexpected visit to Crimea on Saturday to mark the ninth anniversary of the Black Sea peninsula’s annexation by Russia in 2014, according to state television.
UBS Group AG and Swiss officials are racing to put together a deal for the firm to take over battered rival Credit Suisse Group AG this weekend as they seek to navigate thorny issues such as a government backstop and the fate of the smaller firm’s investment bank.
Europe’s efforts to foster the investment needed to build a sustainable economy and fend off challenges from the US and China are still in the very early stages.
