Credit Suisse $54 bln lifeline offers limited respite to global banks

[ad_1] March 16 (Reuters) – Credit Suisse (CSGN.S) sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from Switzerland’s central bank,…

Analysis: Swiss blank cheque wins some time for Credit Suisse

[ad_1] LONDON, March 16 (Reuters) – Switzerland’s radical pledge to bankroll Credit Suisse Group AG has won the embattled lender the chance to resurrect itself from an almost complete collapse…

UAE exchange house Al Ansari seeks up to $210 million in IPO

[ad_1] DUBAI, March 16 (Reuters) – UAE-based exchange house Al Ansari Financial Services is looking to raise up to 772.5 million dirhams ($210.4 million) from an initial public offering (IPO),…

Credit Suisse hits record low, biggest backer says can’t put up more money 

[ad_1] ZURICH, March 15 (Reuters) – Credit Suisse (CSGN.S) shares slid on Wednesday, dropping by as much as 10.5% to a new record low, as its largest investor said it…

Sweden’s H&M to lay off 1,500 staff in drive to cut soaring costs and rescue profits

[ad_1] H&M to cut 1,500 jobs as part of cost-cutting drive The firm is challenged by stiff competition and rising costs Books restructuring charge of $75.8 mln in fourth quarter…

Moody’s changes outlook on U.S. banking system to ‘negative’

[ad_1] March 14 (Reuters) – Ratings agency Moody’s Investors Service on Tuesday changed its outlook on the U.S. banking system to “negative” from “stable” after the collapse of three major…

SVB a casualty in ‘battle between fire and ice’ against inflation, bankers hear

[ad_1] LONDON, March 14 (Reuters) – The dramatic collapse of Silicon Valley Bank and the market turmoil it unleashed is part of the “battle between fire and ice” in global…

Silicon Valley Bank collapse: What you need to know

[ad_1] March 14 (Reuters) – Shockwaves from the collapse of Silicon Valley Bank pounded global bank stocks on Tuesday as assurances from President Joe Biden and other policymakers failed to…

Silicon Valley Bank ‘conducting business as usual’, new CEO says

[ad_1] March 13 (Reuters) – Silicon Valley Bank’s new boss Tim Mayopoulos on Monday told clients that the lender is open and conducting business as usual, according to a letter…

Stocks, yields slide after U.S. jobs report as Omicron looms

[ad_1] U.S. job growth slows; jobless rate plunges to 4.2% Stocks, bonds yields slide in volatile trade U.S. 10-year yields fall to 1.35%, lowest in 10 weeks Dollar little changed,…