Red pedestrian crossing signs outside a Credit Suisse Group AG bank branch in Basel, Switzerland, on Tuesday, Oct. 25, 2022. Stefan Wermuth | Bloomberg | Getty Images Talks over rescuing Credit Suisse rolled into Sunday as UBS sought $6 billion from the Swiss government to cover costs if it were to buy its struggling rival, a … Read more
It follows an earlier report in the Financial Times that UBS is in talks to take over all or part of the embattled Swiss lender. Source link
Laurence “Larry” Fink, chairman and chief executive officer of BlackRock Inc., pauses as he speaks during the BlackRock Asia Media Forum in Hong Kong, China. Justin Chin | Bloomberg | Getty Images Asset managers like BlackRock are not “the environmental police,” Larry Fink said in his annual chairman’s letter to investors, which was published on Wednesday. “As … Read more
My top 10 things to watch Wednesday, March 15 1. Systemic risk re-examined one day after Tuesday’s Wall Street bounce following three sessions of SVB-sparked concerns. Saudi National Bank will not put more money into Credit Suisse (CS) whose shares sank nearly 30% early Wednesday. Very big impact on bonds and stocks in Europe (down … Read more
BlackRock CEO Larry Fink issued a somber warning on the state of the financial markets, saying the banking crisis brought on by the collapse of Silicon Valley Bank could spread, but it was too early to determine. “We don’t know yet whether the consequences of easy money and regulatory changes will cascade throughout the U.S. … Read more
Markets are jittery now that fears that interest rates will stay higher for longer have been reignited . Stocks tumbled on Tuesday and the 2-year Treasury yield jumped to 5%, its highest level since 2007 . How should investors trade in such an uncertain market? Here’s what BlackRock and other pros say. Barbell strategy in … Read more
Miami’s popular Republican Mayor Francis Suarez has been privately holding court with wealthy political financiers as he considers challenging former President Donald Trump for the GOP nomination in 2024, according to party fundraisers and donors familiar with the matter. Suarez told reporters on Friday that he is still contemplating a run for president. Since late … Read more
A trader works as a screen displays the trading information for BlackRock on the floor of the New York Stock Exchange (NYSE) in New York City, October 14, 2022. Brendan McDermid | Reuters LONDON — European corporate earnings were surprisingly resilient in the fourth quarter of 2022, and the continent’s stock outperformance of the U.S. … Read more
A protester holds a sign during a youth climate strike outside of the BlackRock offices on December 06, 2019 in San Francisco, California. Justin Sullivan | Getty Images A group of Republican state financial officers gathered last February at a Hyatt hotel in downtown New Orleans to take aim at one of the party’s corporate … Read more
Republican lawmakers who railed against “woke capitalism” in the 2022 midterm elections have taken tens of thousands of dollars in campaign donations from some of the same Wall Street money managers they have attacked for pushing what the GOP calls “far-left” positions on environmental, social and corporate governance issues. Conservative activists have been pressuring Republicans … Read more