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Credit Suisse rescue sends relief, but First Republic shares slump continues
Less than a week after large U.S. banks pumped $30 billion in deposits into the midsized U.S. lender, investors dumped First Republic on worries that infusion of capital would not be enough. Ratings agency S&P Global also downgraded it deeper into junk status on Sunday, citing liquidity risks.
Published on Mar 21, 2023 10:30 AM IST
Reuters | | Posted by Singh Rahul Sunilkumar
UK PM Sunak trusts UK Banking system safe despite Credit Suisse collapse
“We do believe we have a robust system, a strong system,” Prime Minister Rishi Sunak’s official spokesman Max Blain told reporters on Monday.
Published on Mar 20, 2023 06:17 PM IST
Bloomberg | | Posted by Singh Rahul Sunilkumar
Who are the winners and losers of UBS-Credit Suisse deal
UBS’s chief executive officer will see the bank’s wealth and asset management invested assets soar to about $5 trillion.
Published on Mar 20, 2023 05:10 PM IST
Bloomberg |
Meet Dixit Joshi, the Indian-origin CFO of Credit Suisse
Dixit Joshi had taken over as Credit Suisse's chief financial officer in October 2022.
Updated on Mar 20, 2023 03:56 PM IST
Stocks slump as Credit Suisse rescue fails to ease fear of global crisis
Asia gains for S&P 500 futures and European futures reversed as the sun rose in London. S&P 500 futures were last down 1%. European futures dropped 1.2% and FTSE futures fell 1.5%, and investors rushed to price in interest rate cuts.
Published on Mar 20, 2023 01:54 PM IST
Reuters | | Posted by Singh Rahul Sunilkumar
