Credit Suisse Needs Capital Raise or Break-Up, Morningstar Says
Credit Suisse Group AG’s funding costs have become so high it either needs to raise more capital or face a break up, Morningstar analyst Johann Scholtz said in a note on Wednesday.
Bloomberg Business
Credit Suisse CDS Reach Crisis Levels as Banks Rush to Buy Protection
Banks that trade with Credit Suisse Group AG rushed to safeguard their exposure with the lender on Wednesday, snapping up contracts that will compensate them if the crisis rocking the Swiss lender deepens.
Iran’s Police Arrest 110 People Over Poisonings at Girls Schools
Iranian authorities arrested 110 people on suspicion of being linked to suspected poisonings at girls schools that have hospitalized hundreds of students since November.
SVB Clients at Risk of Default May Have No Choice But to Return
Silicon Valley Bank is asking depositors to come back. Some may not have much of a choice.
Credit Suisse Ignites Global Market Rout as Banking Fears Return
All it took was a few tough words from Credit Suisse Group AG’s biggest shareholder on Wednesday to spark a selloff that spread like wildfire across global markets.
Eskom Latest: Power Cuts Hit Banking Transactions, May Fuel CPI
An index measuring banking transactions in South Africa fell for the first time since November last month, signaling the country’s deteriorating economic activity.
UK and France Narrowly Avoided Power Supply Emergency Last Week
French and British grid operators narrowly missed having to declare a power-supply emergency last week during a late winter cold snap that coincided with low wind generation.
JPMorgan’s Michele Says Fed Will Pause Rate Hikes Amid Bank Woes
Bob Michele, the chief investment officer of J.P. Morgan Asset Management, warned of an economic hard landing as the banking turmoil rippled through the financial markets and the economy. He now expects the Federal Reserve to pause interest-rate hikes next week.
Credit Suisse Asks Swiss Central Bank to Signal Its Support
Credit Suisse Group AG has asked the Swiss central bank for a public statement of support after its shares and bonds were pummeled on Wednesday, according to a person familiar with the matter.
Dash for Cash by Banks Fuels Signs of Tension in Funding Markets
There are some signs of increased pressure within US dollar funding markets as fears grow around the outlook for the banks and the turmoil drives lenders to shore up their own cash buffers.
