UBS Group AG shares gained as investors weighed up the pros and cons of its Credit Suisse Group AG takeover, a deal that forces the smaller bank to wind down assets and restructure while handing over valuable assets at a bargain price.
Ten days before Signature Bank collapsed, the House Republican overseeing an inquiry into the bank’s failure was inside its boardroom on New York’s Fifth Avenue.
US Secretary of State Antony Blinken said the “world should not be fooled” by a potential Chinese-Russian peace plan for Ukraine that would “freeze” in place territory seized by Russian forces.
New York City police officers erected security barricades outside Manhattan Criminal Court and Manhattan District Attorney Alvin Bragg’s office Monday ahead of a possible indictment of former President Donald Trump and potential civil unrest from his supporters.
Joe Biden issued the first veto of his presidency, rejecting legislation that would thwart a rule allowing retirement portfolio managers to weigh climate change and other environmental, social and governance issues in their investment decisions.
The French government survived the first of two no-confidence motions on Monday after it pushed through President Emmanuel Macron’s unpopular pension reform bill without holding a full vote in parliament.
Negotiations over a new labor contract for West Coast dockworkers are under increasing strain as their employers say a failure to spread out lunch breaks has disrupted operations at the twin ports of Los Angeles and Long Beach since Wednesday.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has hatched a new plan to aid First Republic Bank that would convert some or all of the $30 billion in deposits that a group US banks injected into a capital infusion for the struggling California lender, according to people familiar with the situation.
For decades, Switzerland has sold itself as a haven of legal certainty for bond and equity investors. The collapse of Credit Suisse Group AG revealed some unpleasant home truths.
Steve Chiavarone doesn’t want to scare anyone, but what he remembers most from the last banking crisis was how sure most people were that it wouldn’t happen.
