Markets
Credit Suisse merges with UBS
Credit Suisse merges with UBS Credit Suisse has announced that its Additional Tier 1 (AT1) debt, amounting to 16 billion Swiss francs ($17.24 billion), ……Read More
Business
Markets
Bank shares fall again
Bank shares fall again Despite major interventions in the US and Europe, investors remain unconvinced of a positive outcome at the end of a hectic ……Read More
Markets
SVB Financial Group files for bankruptcy
SVB Financial Group files for bankruptcy SVB Financial Group, the former owner of the now-defunct Silicon Valley Bank, which was taken over by the US ……Read More
Markets
US threatens TikTok ban
US threatens TikTok ban The Wall Street Journal has reported that the US government is threatening to ban the popular app TikTok if its Chinese ……Read More
Markets
Credit Suisse drops over 20%
Credit Suisse drops over 20% On Wednesday, European banks experienced another round of heavy losses in their shares. Credit Suisse, in particular, hit record ……Read More
Economy
Biden permits oil drilling in Alaska
Biden permits oil drilling in Alaska US President Joe Biden has approved oil drilling in Alaska, allowing energy company Conoco Phillips to extract up to ……Read More