The Swiss authorities’ decision to cancel Credit Suisse’s Additional Tier 1 (AT1) bonds may diminish demand for this form of bond in the long run, […]
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Signature Bank will be purchased by New York Community Bank
The Federal Deposit Insurance Corp. said late Sunday that New York Community Bank has agreed to purchase a substantial portion of the bankrupt Signature Bank […]
The Swiss National Bank will lend Credit Suisse up to $54 billion
Credit Suisse announced on Thursday it was taking “decisive action” to increase its liquidity by using its option to borrow from the Swiss National Bank […]
The US and Mexico want to locate 13,000 migrant workers from Mexico who are owed $6.5 million in wages
U.S. and Mexican officials stated on Tuesday that 13,000 Mexican migrant workers are due a total of $6.5 million in unpaid wages from U.S. workplaces […]
Oil prices fall $1 as the collapse of SVB frightens financial markets
Oil prices slipped more than $1 on Tuesday, extending the last day’s slide, as the fall of Silicon Valley Bank shook equity markets and sparked […]
The US government is taking steps to avert a potential banking crisis
Following the failure of Silicon Valley Bank, the US government took extraordinary measures on Sunday to avert a potential banking crisis. This ensured depositors at […]
Banks are falling as the SVB raises capitalization concerns
The S&P 500 bank index (.SPXBK) collapsed almost 6% on Thursday, its biggest one-day drop in over two years as investors took off from the […]
A digital asset fund and a VC firm in the US intends to raise $100 million for two new blockchain funds
Alpha Sigma founder and Chief Executive Officer Enzo Villani said on Wednesday that the U.S.-based digital asset fund, Alpha Sigma Capital, and Transform Ventures, a […]
Stakes reach at 22.2% as Berkshire Hathaway resumes Occidental purchases
After a five-month hiatus, Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) has commenced its purchases of Occidental Petroleum Corp (OXY.N) shares increasing its stake in the […]
Binance executives’ texts and documents reveal a strategy to avoid US scrutiny – WSJ
Binance, one of the largest cryptocurrency exchanges globally, concocted a plan to prevent the threat of prosecution by U.S. authorities when it began an American […]