Goldman Sachs expects commodities supercycle
Goldman Sachs expects a commodities supercycle driven by China and the capital flight from energy markets and investment this month after concerns triggered by the banking sector, the U.S.
Credit Suisse tells Hong Kong clients to 'embrace new reality'
Days after it was rescued in an emergency buyout, Credit Suisse gathered hundreds of clients in an upscale Hong Kong hotel on Tuesday for a glitzy investment conference where they were told to "embrace the new reality".
Credit Suisse's buyout by Swiss-rival UBS results in further panic throughout global banking system
Hargreaves Lansdown's Susannah Streeter has spoken on UBS's $3.23 billion purchase of Credit Suisse with the latter having been saved by its domestic rival.
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.
Two weeks of banking turbulence
The turmoil begins the night of March 8 with a liquidation announcement from Silvergate Bank, a US regional lender and favourite among the cryptocurrency crowd.
Europe's bank bonds battered after Credit Suisse debt wipeout
European bank bonds slumped on Monday following the state-backed rescue of Credit Suisse by UBS as a wipeout of some bondholders raised concerns around broader bank capital and also hammered bank shares.
Gold flirts with record highs after topping $2000 an ounce
Gold traded at record highs in some currencies on Monday and neared all-time peaks in U.S.
Credit Suisse: a bank sunk by scandals
The catalogue of troubles began with the 2021 collapse of Greensill, a British financial firm specialised in short-term corporate loans via a complex and opaque business model.
Oil edges up on historic Swiss banks deal, central banks support
Oil prices rose on Monday after suffering their biggest weekly loss in months as UBS struck a deal to buy Credit Suisse and some of the world's largest central banks sought to reassure and stabilise global financial markets.
Global central banks open daily dollar taps to help banks
Top central banks, faced with the risk of a fast-moving loss of confidence in the stability of the financial system, moved on Sunday to bolster the flow of cash around the world.
Asia stocks steady as Credit Suisse buyout brings relief
Asian stocks steadied and U.S futures rose on Monday in relief at a weekend rescue deal for Credit Suisse and a concerted effort from central banks to shore up the mood, though trade was tense and volatile as contagion fears stalked financial shares.
Credit Suisse takeover, central bank action calm jittery markets
Moves by authorities to avert a global banking crisis appeared to have lifted market confidence on Monday as investors welcomed emergency dollar liquidity from top central banks and a historic Swiss-backed acquisition of troubled Credit Suisse by UBS Group.
Crunch time for Credit Suisse talks as UBS seeks Swiss assurances
Talks over rescuing Credit Suisse rolled into Sunday as UBS AG sought $6 billion from the Swiss government to cover costs if it were to buy its struggling rival, a person with knowledge of the talks said.
Credit Suisse meets to weigh options, under pressure to merge with UBS
Credit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank as regulators urged it to pursue a deal with Swiss rival UBS AG.
Stock markets recover further on easing bank fears
Asian and European stock markets mostly rose Friday, extending a global rally, as traders welcomed a multi-billion-dollar show of support for troubled banks aimed at soothing concerns about contagion in the sector.
Analysis: UK businesses mull moving cash after SVB chaos
British banks are seeing a pick-up in enquiries to switch cash between institutions after the collapse of U.S.
Goldman Sachs, other banks expect smaller hike from ECB in May
Goldman Sachs, Morgan Stanley and at least two other banks expect the European Central Bank to deliver a smaller quarter-point hike in May, as it grapples with stress in the banking sector and high core inflation.
Bank of England weighs up ending its rate hike run
The Bank of England must decide next week whether to halt its long run of interest rate hikes or push them up again, probably for one last time, despite investor alarm over how banks in the United States and Europe are coping with higher borrowing costs.
Europe's rebound wanes ahead of ECB rate decision
A rebound in Europe's battered banking shares was beginning to wane on Thursday, as a 50 billion Swiss franc ($53.94 billion) lifeline for beleaguered lender Credit Suisse teed up a pivotal European Central Bank interest rate decision.
Credit Suisse shares leap in delicate truce with doubters
Credit Suisse shares jumped over 20% on Thursday after the company secured a lifeline from the Swiss central bank to shore up investor confidence, though some analysts said the market relief could be shortlived.
Europe's corporate treasurers on alert over SVB fallout
European corporate treasurers were on alert on Thursday, with a German industry association warning against complacency and major companies saying they were closely monitoring developments in the global banking system.
Large U.S. banks view Credit Suisse exposure as manageable -sources
Large U.S. banks have managed their exposure to Credit Suisse in recent months and view risks from the lender as contained so far, according to three industry sources on Wednesday who declined to be identified because of the sensitivity of the situation.
ECB rate hike plans clouded by financial turmoil
European Central Bank policymakers are meeting on Thursday amidst turmoil in financial markets that could force it to divert from plans for another hefty interest rate hike even though inflation remains too high.
European stock markets, euro slump on banking fallout
Europe's stock markets and the euro slumped Wednesday on renewed fears of contagion following the collapse of Silicon Valley Bank.
Swiss Google workers stage walkout as job cuts hit Europe
Hundreds of Google employees staged a walkout on Wednesday at the company's office in Zurich, Switzerland, after more than 200 workers were laid off.
Credit Suisse sheds nearly 25%, key backer says no more money
Credit Suisse lost almost a quarter of its value on Wednesday, dropping to a new record low after its largest investor said it could not provide the Swiss bank with more financial assistance.
Credit Suisse flags 'material weaknesses' in reporting, outflows not reversed
Credit Suisse said in its 2022 annual report the bank has identified "material weaknesses" in internal controls over financial reporting and not yet stemmed customer outflows.
Dollar slides as U.S. intervenes on SVB collapse
The U.S. dollar slid on Monday as authorities stepped in to cap the fallout from the sudden collapse of Silicon Valley Bank, with investors hoping the Federal Reserve will take a less aggressive monetary path.
Putin's 'friend' allegedly helped him move millions through Swiss bank accounts
Four bankers have been charged with moving millions of francs through Swiss bank accounts for Russian President Vladimir Putin.
Credit Suisse obtains key approval to launch wealth business in China
Credit Suisse has received regulatory green light from China after years of waiting to launch a full-fledged wealth management business in the world's second-biggest economy, according to a company memo reviewed by Reuters.