Tag: Financial markets
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Relief over the Credit Suisse bailout was short-lived as bank stocks
Bank stocks and bonds tumbled Monday after UBS Group sealed a state-backed takeover of troubled competitor Credit Suisse Group AG, a deal orchestrated in an attempt to restore confidence in a battered sector. In a package developed by Swiss regulators on Sunday, UBS Group AG will pay 3 billion Swiss francs ($3.24 billion) for the…
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Relief over the Credit Suisse bailout was short-lived as bank stocks
Bank stocks and bonds tumbled Monday after UBS Group sealed a state-backed takeover of troubled competitor Credit Suisse Group AG, a deal orchestrated in an attempt to restore confidence in a battered sector. In a package developed by Swiss regulators on Sunday, UBS Group AG will pay 3 billion Swiss francs ($3.24 billion) for the…
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Caught between markets and the US Congress, Yellen tweaks
Janet Yellen is the face of the US government on this issue and her public comments have sent markets on a roller coaster ride. For the fourth time in a week, US Treasury Secretary Janet Yellen has used a microphone to reassure Americans that the US banking system is safe, each time with a subtle…
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Relief over the Credit Suisse bailout was short-lived as bank stocks
Bank stocks and bonds tumbled Monday after UBS Group sealed a state-backed takeover of troubled competitor Credit Suisse Group AG, a deal orchestrated in an attempt to restore confidence in a battered sector. In a package developed by Swiss regulators on Sunday, UBS Group AG will pay 3 billion Swiss francs ($3.24 billion) for the…
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Silicon Valley Bank seized by FDIC as depositors demand cash |
The bank went bankrupt after depositors – mainly technology workers and venture-backed companies – made a run for it. The Federal Deposit Insurance Corporation on Friday seized the assets of Silicon Valley Bank, the largest bank failure since Washington Mutual during the height of the 2008 financial crisis. The bank went bankrupt after depositors, mostly…
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Layoffs revised in January, but US job market still
US job vacancies fell less than expected in January and data for the previous month was revised higher, suggesting a continued tight labor market that will likely keep the Federal Reserve on track to hike rates for longer. But the U.S. Labor Department’s monthly Job Openings and Labor Turnover Survey, or JOLTS report, on Wednesday…
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Sensex, Nifty rebound over 2% amid relief rally in global markets
Sensex, Nifty rebound over 2% amid relief rally in global markets https://www.globalcourant.com/sensex-nifty-rebound-over-2-amid-relief-rally-in-global-markets/?feed_id=4682&_unique_id=633c117346b16
Global Courant 