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Swiss banking giant in talks to buy Credit Suisse - media
4 days ago - By RT
UBS reportedly may acquire all or parts of the failing lender, with discussions to be held over the weekend
Swiss financial regulators, the Swiss National Bank and the Swiss Financial Market Supervisory Authority , are organizing talks between the country's two largest banks, UBS and Credit Suisse, to discuss a potential merger between the lenders, Bloomberg and Financial Times reported on Friday citing sources.
According to the reports, UBS is exploring an acquisition of all or parts of Credit Suisse. The boards of the two banks are also expected to meet separately this weekend to...
Read more ...Fail or sale? What could be next for stricken Credit Suisse
4 days ago - By CNBC
JPMorgan's Kian Abouhossein described a Credit Suisse takeover by UBS as "the more likely scenario."
Read more ...
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SØVN Modern sleep tracking study
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Bank of England to Weigh a Rate Increase After a Jump in Inflation
As policymakers assess an inflation rate that persists in double digits, as well as risks in the banking sector, analysts predict a quarter-point increase.
Asia-Pacific Daily Briefing: Singapore's Encouraging Inflation Print
Price pressures eased more than expected in Asia's 'little red dot.'
India government-backed open e-commerce network expands to mobility
Open Network for Digital Commerce, the Indian government-backed initiative that is attempting to “democratize” e-commerce , has set its eyes on another industry it would like...
IntegrityNext raises $109M for a platform to audit supply chains for ESG...
The funding landscape remains very tough for technology startups, but there are still some pockets, and specific companies, driving a lot of interest right now among investors...
Tencent Trading Up 2.5%
Shares of Tencent Holdings Limited were up 2.5% on Wednesday. The company traded as high as $45.25 and last traded at $44.72. Approximately 6,035 shares changed hands during...
Guitar-shaped hotel tower in tune with Strip, county says
Clark County cleared the way for a guitar-shaped hotel tower to be developed at The Mirage, a project that would spell the end of the resort's iconic volcano attraction.
Las Vegas home sales climb higher after sluggish 2023 start
The housing market started the year on a slow note, and though mortgage rates have been volatile lately, buyers have been returning.
TikTok Claims It's Limiting Teen Screen Time. Teens Say It Isn't
This month, the company announced a new 60-minute “daily screen time limit” for users under 18. But for most young users, staying on the app takes just a few taps.
Germans warned of more inflation
Consumer prices will continue to rise well into the next year amid global uncertainty, an economic advisory council has said The German Council of Economic Experts has warned...
Swiss regulator says central bank loan to Credit Suisse justified AT1 bond...