The Swiss National Bank said on Wednesday it was ready to provide financial support to Credit Suisse after shares of the country's second-largest lender plunged 30%.
Goldman Sachs on Wednesday cut its economic growth forecast for 2023, citing a drop in lending by small and medium-sized banks amid turmoil in the broader financial system.
Former President Donald Trump and other Republican 2024 presidential candidates spoke about the Silicon Valley Bank debacle this weekend, giving the first hints of their different approaches to the markets.
JPMorgan Chase has sued its former investment banking chief Jes Staley over his relationship with disgraced ex-financier Jeffrey Epstein, alleging Staley would have no legal consequences from the two lawsuits against the bank.
Chinese authorities have denied claims by billionaire investor Mark Mobius, who said he was unable to get money out of China due to government restrictions on capital flows.
The company reported revenue of £636.2 million ($767.1 million) for the year, tripling the previous year, and pre-tax profit of £59.1 million sterling.
These regulations are designed to prevent the transfer of dollars to corrupt actors. But they ended up hurting ordinary Iraqis who needed US currency for legitimate purposes.
Selling homes, dipping into pension funds and renting out spare rooms are just some of the ways families are paying for rising tuition fees. And that doesn't include the decisions students themselves make about joining the National Guard, choosing a community college, or applying to cheaper colleges abroad to pay their tuition — if they choose to go there. go – in addition to trying to complete their studies.
Swiss regulator FINMA concluded on Tuesday that Credit Suisse had "seriously breached its supervisory obligations" in its business relationship with financier Lex Greensill and his company. The Swiss bank's controversial exposure to London-based Greensill Capital led to massive redemptions to investors after the supply chain finance company collapsed in early 2021.
The layoffs were announced on Tuesday and have affected some of the top manufacturers, including several bankers who took out loans that exceeded $100 million last year and attended an insider sales meeting for recent successful people, according to sources familiar with the situation.
The US Bank Business Altitude Connect card is a small business card with benefits designed for digital nomads. They offer generous spend bonuses and multiple travel privileges on qualifying travel purchases.
On Tuesday, HSBC reported fourth-quarter 2022 results, beating analysts' expectations. Bank's reported pre-tax profit for the three months ending December was $5.2 billion, up 108% from $2.5 billion a year earlier and better than the bank's estimate of $4.97 billion. HSBC said its fourth-quarter results reflected strong revenue growth and lower operating costs.
The change in tone this week came as a steady flow of data has shown the economy continued to run hot in January. Despite high-profile layoffs at big technology firms like Meta and Microsoft, employers in the United States continued to hire at a rapid clip, consumers kept spending and prices continued to rise briskly at the start of the year across an array of goods and services.
Federal prosecutors announced Thursday that an Akron, Ohio woman who worked as a third-party customer service representative for US bank was charged with stealing banking information and stealing $1.1 million from customers.
U.S. household debt soared to a record $16.9 trillion from October to December last year, the largest quarterly increase in 20 years.
