Swiss authorities are considering a full or partial nationalization of Credit Suisse Group AG as the only other viable option outside a UBS Group AG takeover, according to people with knowledge of the matter.
Mohamed El-Erian called on the Federal Reserve to raise its main interest rate by 25 basis points at this week’s meeting and couple the move with an assurance of its commitment to financial stability.
Crypto startups are left searching for alternative banking solutions after the collapse of three US banks with ties to the digital-asset industry and its backers.
Kuwait’s constitutional court annulled the results of last year’s parliamentary elections and reinstated the former National Assembly, potentially rekindling a long-running political dispute that had hindered decision-making in the OPEC member.
President Vladimir Putin made a surprise trip to occupied Mariupol, the Ukrainian city largely destroyed in a months-long Russian siege, according to a Kremlin statement and video released on state television.
California is bracing for more heavy rain and snow early this week as another fast-moving storm roars in off the Pacific Ocean.
UBS Group AG is offering to buy Credit Suisse Group AG for as much as $1 billion, a deal that the troubled Swiss firm is pushing back on with backing from its biggest shareholder.
Higher interest rates are forcing commodity traders to rethink some deals and push up prices, in the latest example of how a period of rapid central-bank hiking is reshaping global business.
Even before he announces a run for a second term, President Joe Biden faces one of the most consequential decisions of his nascent campaign: Which city will host the 2024 Democratic National Convention.
The leader of South Korea’s opposition Democratic Party could face prosecution in the next few days, according to Yonhap News Agency.
