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From Bear Stearns to Credit Suisse: Crises, Mergers and Bailouts
From as much as $96 billion to around $3BN: Credit Suisse Group AG is poised to join the historic ranks of finance giants sold at fire-sale prices.
Goldman Readies Claims Trading for Wiped Out Credit Suisse Debt
Goldman Sachs traders preparing to take bids on claims against Credit Suisse riskiest bonds after takeover of Swiss lender wiped out 16BN of the debt.
Recent
El-Erian Urges 25 Basis-Point Hike Saying Fed Shouldn’t Blink
El-Erian called on Fed to raise main interest rate 25 basis points at meeting and couple move with assurance of commitment to financial stability.
US Economy Has Investor Backing as Bank Risks Grow
Behind the recent financial turmoil and contagion fears, is a still-strong US economy, the MLIV Pulse survey shows.
Morgan Stanley Strategist Says Bank Stress Signals Bear Market End
Morgan Stanley’s M. Wilson said stress in banking system marks what’s likely to be beginning of painful and “vicious” end to bear market.
Banking Crisis: Warren Buffett Is on the Phone with the Biden Administration
The legendary investor is reportedly in contact with the White House over the crisis of confidence rocking banks, since the sudden collapse of SVB.