S&P cut its credit rating to B+ from BB+ on Sunday after first lowering it to junk status just last week.
Bitcoin market gains $26 billion after hitting 9-month high as banking crisis sparks rally
Bitcoin jumped on Monday as some investors turned to digital currencies amid a crisis in the traditional banking sector.
UBS shares slide 10%, Credit Suisse craters 60% after takeover deal
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.
Saudi National Bank loses over $1 billion on Credit Suisse investment
Credit Suisse’s largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.
Asia’s regulators say banking system is robust and stable after UBS-Credit Suisse takeover deal
From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.
UBS agrees to buy Credit Suisse as regulators look to shore up the global banking system
Credit Suisse had already been battling a string of losses and scandals, and the last two weeks sentiment was rocked again.
SVB collapse is double-whammy for tech startups already navigating brutal market
Startup founders across the U.S. were already cutting costs and preserving cash before Silicon Valley Bank’s failure this month complicated their situation.
UBS offers to buy Credit Suisse for up to $1 billion, the Financial Times reports
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.
Bill Gates says Warren Buffett gave the best advice he’s ever received—it’s ‘maybe the most important thing’ he’s learned
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.
These elite dividend stocks have raised their payments for over 60 consecutive years
S&P’s Howard Silverblatt shares the companies that have been raising their dividends for more than 60 years.