Bond investors battered by the wildest swings in decades are hunkering down for their next big test: navigating the Federal Reserve’s response to the mounting financial instability that threatens to derail its fight against inflation.
6 a.m. wake-up calls. Cancelled tennis dates. Anxious check-ins on bond prices while walking the dog.
As Swiss officials and UBS Group AG raced to put together a deal for the takeover of Credit Suisse Group Inc., bonds of the embattled lender rose in a rare weekend trading session.
It’s getting harder for the riskiest corporate borrowers to raise cash.
If you asked Torsten Slok a week ago how the economy was going to fare this year, he would have told you he was expecting a no-landing scenario, whereby the Federal Reserve would tame inflation without triggering a downturn.
BlackRock Inc. Vice Chairman Philipp Hildebrand is taking part in discussions as Swiss officials race to put together a deal for UBS Group AG to take over Credit Suisse Group AG.
Former President Donald Trump said he expected to be arrested next week on New York charges and, echoing his rhetoric before the Jan. 6 Capitol riot, called for protesters to “take our nation back.”
Credit Suisse Group AG’s investment banking and trading operations are a key sticking point in the government-brokered talks for rival UBS Group AG to take over the troubled lender, according to people with knowledge of the matter.
US authorities are working with their Swiss counterparts as they seek to hammer out a deal for UBS Group AG to buy all or part of its struggling rival Credit Suisse Group AG, according to people familiar with the matter.
Europe’s efforts to foster the investment needed to build a sustainable economy and fend off challenges from the US and China are still in the very early stages.
