WILMINGTON, Delaware (Reuters) – Berkshire Hathaway Inc’s Warren Buffett has held discussions with senior Biden adminstration officials about the banking crisis, a source familiar with the[...]
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March 18, 2023
UBS seeks $6 billion in govt guarantees for Credit Suisse takeover -source
By Stefania Spezzati, Oliver Hirt and John O’Donnell (Reuters) -UBS AG is asking the Swiss government to cover about $6 billion in costs if it were to buy Credit Suisse, a person with knowledge[...]
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BlackRock’s Hildebrand reportedly taking part in UBS, Credit Suisse talks
(Reuters) – BlackRock Inc Vice Chairman Philipp Hildebrand is taking part in talks as Swiss officials try to put together a deal for UBS Group to take over Credit Suisse Group AG, Bloomberg News[...]
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Exclusive-UBS seeks about $6 billion in government guarantees for Credit Suisse deal -source
By Oliver Hirt and Stefania Spezzati (Reuters) – UBS Group AG is seeking government guarantees of about $6 billion for a potential takeover of Credit Suisse Group AG, a person with knowledge of[...]
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Analysis-Bank panic raises specter of 2008, may bring lasting change
By Pete Schroeder and Saeed Azhar WASHINGTON (Reuters) – The lightning speed at which the banking industry descended into turmoil has shaken global markets and governments, reviving eerie memori[...]
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ECB hawks press case for more rate hikes to fight dogged inflation
By Sabine Siebold and Paul Carrel (Reuters) – The European Central Bank (ECB) will likely need to raise interest rates further to tame persistent inflation, two leading hawks on the bank’s[...]
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ECB’s Holzmann expects more rate hikes to fight dogged inflation
(Reuters) – Inflation in the euro zone is proving tougher to crack than expected and the European Central Bank will likely need to raise interest rates further, possibly above 4%, Austrian centr[...]
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Germany, Japan seek cooperation on economic security amid supply chain strains
By Sakura Murakami and Andreas Rinke TOKYO (Reuters) -Germany and Japan agreed to cooperate closely on economic security on Saturday during their first ever high-ministerial government consultations,[...]
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China cuts reserve ratio given domestic pressures, overseas risks – state media
SHANGHAI (Reuters) – China’s central bank made a “timely” move by pumping liquidity into the banking system to respond to rising pressures in the domestic banking industry and[...]
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