Credit Suisse Group AG Chief Executive Officer Ulrich Koerner said the bank had seen inflows of client funds on Monday, after markets and US banks were pummeled by the collapse of Silicon Valley Bank.
Lael Brainard, as a US Federal Reserve governor, repeatedly warned that efforts to deregulate banks were a recipe for disaster.
Ulrich Koerner has a message for Credit Suisse Group AG shareholders: Things are looking up.
Ghana’s embattled cedi has rebounded 5% against the dollar in March as the government’s decision to suspend external debt payments eased demand for greenbacks in the local foreign exchange market.
Some of the world’s top money managers are sitting on a windfall after the collapse of Silicon Valley Bank spurred the biggest rally in US Treasuries since the early 1980s.
Novartis AG is kicking off the sale of some ophthalmology assets, people with knowledge of the matter said, as it seeks to prune its portfolio and focus on growth areas.
Credit Suisse Group AG said that outflows at the bank have continued into this month, even after it started a huge campaign to win back client deposits.
Circle’s stablecoin needed about 36 hours to repair its peg with the dollar amid a liquidity panic. Fixing its reputation with regulators will take longer.
A selloff in global financial stocks paused Tuesday after a two-day, $465 billion wipeout.
Credit Suisse Group AG isn’t at risk from the collapse of Silicon Valley Bank, Chief Executive Officer Ulrich Koerner said Tuesday, after shares of the Swiss lender hit fresh lows this week.
