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Financial Sector Conference (FSC)

Is Saudi Arabia's Vision 2030 possible?

The Financial Sector Conference 2023, hosting 3,000 visitors and 60 plus speakers, focused heavily on Saudi Arabia's Vision 2030, with talks of SVB's collapse and women inclusion in the workforce highly present.
Federal Reserve chief Jerome Powell warned about the impact of banking turmoil on the broader economy

Stocks mixed after more interest rate hikes

Wall Street bounced but European markets wobbled Thursday as investors weighed fresh interest rate hikes by central banks and signs of a possible pause in US monetary tightening following turmoil in the banking sector.
The buyout of Credit Suisse by rival UBS is not being welcomed in Switzerland

Credit Suisse buyout faces harsh criticism at home

UBS's emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears Monday it could weaken the country's biggest bank and financial sector as a whole.