Category: Finance News

Bitcoin jumped on Monday as some investors turned to digital currencies amid a crisis in the traditional banking sector.

UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.

Credit Suisse’s largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.

From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.

Credit Suisse had already been battling a string of losses and scandals, and the last two weeks sentiment was rocked again.

Startup founders across the U.S. were already cutting costs and preserving cash before Silicon Valley Bank’s failure this month complicated their situation.

The deal, which could be signed as early as this evening, values Credit Suisse at around $7 billion less than its market value at Friday’s close.

The Microsoft co-founder sat down for an interview with U.K. Prime Minister Rishi Sunak last month and the two answered questions generated by an A.I. chatbot.

S&P’s Howard Silverblatt shares the companies that have been raising their dividends for more than 60 years.

There’s speculation bank stress could expose problems lurking in ETFs tied to specific sectors.