When banks go bust: the four factors at play - trust, confidence, contagion and systemic risk
ShutterstockBanks are in the news again. Two bank failures in the US, and the forced takeover of Credit Suisse (SIX:CSGN) by UBS in Switzerland, have...
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Shares jump but investor fears about bank 'whack-a-mole' linger
By Koh Gui Qing NEW YORK (Reuters) -Global shares leapt on Tuesday after the rescue of Credit Suisse (SIX:CSGN) stemmed a rout in equities and whetted risk appetite, although financial...
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Yellen: Treasury will offer more support to U.S. banks, if needed
By Geoffrey Smith Investing.com -- Treasury Secretary Janet Yellen is set to bolster hopes of more official support for U.S. banks later, in a speech that talks up the importance of...
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Bank stocks gain as markets digest Credit Suisse rescue
By Koh Gui Qing and Marc Jones NEW YORK/LONDON (Reuters) - Bank stocks rallied on Monday and a cross-asset scramble for safety abated, as investors heaved a tentative sigh of relief that a...
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Justin Sun Declares Interest to Acquire Embattled Credit Suisse
Coin Edition - Justin Sun publicly bids $1.5B for the Switzerland-based investment bank, Credit Suisse (SIX:CSGN).Sun’s bid comes after...
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How the Fall of Swiss Pride For 166 Years Affects Crypto Assets
Coin Edition - Scandal and mistrust brought the fall of 166 years of Credit Suisse (SIX:CSGN).Banking mishaps like SVB and Credit Suisse are...
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Saudi National Bank says strategy not impacted by Credit Suisse deal - Reuters
By Scott Kanowsky Investing.com -- Saudi National Bank has said the strategy for its 2023 financial year will not be impacted by a decline in the valuation of its investment in Credit...
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European banks trim losses after EU supervisors defend AT1 bonds
By Geoffrey Smith Investing.com -- European bank stocks trimmed their losses on Monday after regional bank supervisors rushed to distance themselves from a Swiss decision to impose losses...
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Euro zone regulators back debt hierarchy after write-off in CS bonds
By Scott Kanowsky Investing.com -- Euro zone regulators have backed the current hierarchy of debt if a bank in the region fails, as they look to soothe market jitters that partly stem from...
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Gold tops $2,000 on flight to safety after Credit Suisse collapse
By Geoffrey Smith Investing.com -- Gold prices topped $2,000 for the first time in 11 months on Monday, as the collapse of Credit Suisse (SIX:CSGN) stoked fears of wider financial...
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Credit Suisse shares choppy as traders gauge outlook for embattled lender
By Scott Kanowsky Investing.com -- Shares in Credit Suisse Group AG (SIX:CSGN) oscillated between gains and losses on Friday, as investors eyed its future after the Swiss National Bank...
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Dollar retreats as banking support prompts relief rally
By Peter Nurse Investing.com - The U.S. dollar slipped lower in early European trade Friday and riskier currencies rallied on easing concerns about a global banking crisis. At 04:25 ET...
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Global shares gain as banking sector lifelines bolster confidence
By Chris Prentice and Marc Jones NEW YORK/LONDON (Reuters) - Global equities rose on Thursday on news that a large group of banks were infusing cash into U.S. lender First Republic Bank and...
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U.S. stocks are falling amid continued weakness in bank sector
By Liz Moyer Investing.com -- U.S. stocks were falling on Thursday as investors continued to be wary about bank stocks and as new economic data clouded the picture on interest rates. At 9:52...
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Crude oil lower; recession fears outweigh Credit Suisse lifeline
By Peter Nurse Investing.com -- Oil prices weakened Thursday, handing back earlier gains and heading back towards the previous session’s 16-month low as market sentiment remained fragile...
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European banks rise after Credit Suisse secures support from Swiss authorities
By Scott Kanowsky Investing.com -- European banks marched higher on Thursday, spurred on by a jump in Credit Suisse (SIX:CSGN) shares after Swiss authorities promised to provide fresh...
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Credit Suisse leaps 33% at open on news of central bank support
By Geoffrey Smith Investing.com -- Credit Suisse (SIX:CSGN) stock leaped over 30% at the open in Zurich on Thursday, after the troubled lender secured a 50-billion-franc support line...
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Dollar retreats, euro gains after Credit Suisse boosts risk sentiment
By Peter Nurse Investing.com - The U.S. dollar retreated in early European trade Thursday and the euro pushed higher as Credit Suisse’s move to bolster its financial position boosted risk...
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Gold slips from 6-week high, but bank crisis underpins demand
By Ambar Warrick Investing.com -- Gold prices fell from a six-week high on Thursday as investors locked in recent profits, although fears of a brewing banking crisis and uncertainty over...
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Global sell-off resumes after Credit Suisse renews worries; gold rallies
By Chris Prentice and Dhara Ranasinghe NEW YORK/LONDON (Reuters) - Renewed unease gripped world markets on Wednesday as news that Credit Suisse (SIX:CSGN)'s largest investor said it could...
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Gold nears mid $1,900 as safe havens soar on Credit Suisse crisis
By Barani Krishnan Investing.com -- Gold solidified its hold on the $1,900 perch on Wednesday, hitting a new six-week high, as the U.S. banking crisis that began with California’s Silicon...
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Dollar gains in safe-haven buying as Credit Suisse sparks wider banking fears
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) -The dollar rose on Wednesday on safe-haven buying after Credit Suisse (SIX:CSGN)'s stock tumbled following the disclosure of...
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Credit Suisse fears hit Toronto's main stock index
TORONTO (Reuters) - Canada's main stock index fell 1.6% on Wednesday, dragged down by energy and financial stocks as Credit Suisse (SIX:CSGN) spooked world markets, renewing concerns of a...
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Stock market today: Dow slides as Credit Suisse slump keeps banks in firing line
By Yasin Ebrahim Investing.com -- The Dow closed lower Wednesday as distress in Credit Suisse (SIX:CSGN) stoked further worries about a looming banking crisis and fueled more bearish bets...
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Credit Suisse shares slump after top stakeholder rules out further assistance
By Scott Kanowsky Investing.com -- Shares in Credit Suisse Group AG (SIX:CSGN) plunged by as much as 30% on Wednesday, touching a fresh all-time low, after the Swiss bank's largest...
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U.S. stocks fall as Credit Suisse adds more pressure to bank group
By Liz Moyer Investing.com -- U.S. stocks tumbled as Credit Suisse (SIX:CSGN) raised fresh concerns about the banking system. At 9:48 ET (13:48 GMT), the Dow Jones Industrial Average was...
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Crude oil prices fall to $70/barrel as growing stockpiles add to economy fears
By Geoffrey Smith Investing.com -- Crude oil prices fell to their lowest in 15 months on Wednesday, on a combination of lackluster data from China and fears that signs of stress in the...
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Credit Suisse flags 'material weakness' in financial reporting controls
By Scott Kanowsky Investing.com -- Credit Suisse Group AG (SIX:CSGN) said that it had identified a "material weakness" in the internal controls over its financial reporting process, as...
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Deliveroo rises after Credit Suisse upgrades rating, calls group "outperformer"
By Scott Kanowsky Investing.com -- Shares in Deliveroo Holdings PLC (LON:ROO) rose in early trading on Thursday after analysts at Credit Suisse (SIX:CSGN) upgraded their rating of the...
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European stocks lower; Credit Suisse falls after delaying annual report
By Peter Nurse Investing.com - European stock markets traded lower Thursday, as investors digested weak Chinese inflation data, more comments from Fed head Jerome Powell as well as fresh...
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Credit Suisse to delay release of 2022 annual report after 'late call' from SEC
By Scott Kanowsky Investing.com -- Credit Suisse Group AG (SIX:CSGN) announced that it will delay the release of its 2022 annual report after it received a "late call" from regulators at...
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The Future of Credit Suisse is Doubtful: Harris Associates
Coin Edition - Credit Suisse (SIX:CSGN) has been abandoned by one of its shareholders, Harris Associates.Harris Associates divested its...
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European stocks edge higher; Chinese growth target, Eurozone retail sales in focus
By Peter Nurse Investing.com - European stock markets edged higher Monday, but gains were tepid as investors digested China setting a modest growth target for economic growth this year...
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Credit Suisse loses Harris Associates, once its biggest shareholder
By Geoffrey Smith Investing.com -- Harris Associates, the hedge fund that was once Credit Suisse's biggest shareholder, has sold out of its position in the struggling Swiss bank entirely,...
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Credit Suisse shares slip sharply on report of Swiss financial watchdog review
By Scott Kanowsky Investing.com -- Shares in Credit Suisse Group AG (SIX:CSGN) tumbled to an intraday record low on Tuesday on a report that Switzerland's financial watchdog is reviewing...
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European stocks fall; slowdown fears grow despite U.K. avoiding recession
By Peter Nurse Investing.com - European stock markets fell Friday, as U.K. economic weakness in December added to concerns about a global recession this year. At 03:20 ET (08:20 GMT), the...
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European stocks higher; German consumer price increases slow
By Peter Nurse Investing.com - European stock markets traded higher Thursday, boosted by a slowing in the growth of German consumer prices while investors digested a flood of quarterly...
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