Crunch time for Credit Suisse talks as UBS seeks Swiss assurances

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

Oakmark’s Bill Nygren sees an opportunity in bank stocks amid sector turmoil

Oakmark Select Fund’s Bill Nygren said it is a good time to buy bank stocks, as attention shifts away from the failure of Silicon Valley Bank and toward financial names he believes are strong investments. “I think it’s important for people to understand just how different SVB is or was compared to other bank stocks,” … Read more