Credit Suisse’s largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment. Story Published at: March 20, 2023 at 09:11AM
Saudi National Bank loses over $1 billion on Credit Suisse 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.Story Published at: March 20, 2023 at 05:36AM
One country, two crypto systems: Hong Kong harbors crypto hub ambitions despite China’s crackdown
The city’s digital asset push stands in contrast with the mainland, where Beijing has effectively banned trading and stamped out crypto-related activities.Story Published at: March 20, 2023 at 01:53AM
Elizabeth Holmes owes over $25 million to Theranos, lawsuit says
According to a lawsuit obtained by CNBC, former Theranos CEO Elizabeth Holmes has missed payments on three promisorry notes and owes Theranos creditors $25 million.Story Published at: March 18, 2023 at 12:29AM
The ‘Harvard diet’ may be the standard for living a long and healthy life—here’s what to know
A Harvard diet from 2011 has popped back into the news cycle for its healthy options that may lead to a longer life. Here are the details.Story Published at: March 19, 2023 at 02:15PM
11 companies adopting a 4-day workweek that are hiring right now
The four-day workweek is picking up steam. Companies like Kickstarter and Panasonic are adopting the model and hiring dozens of employees.Story Published at: March 19, 2023 at 02:00PM
Manhattan D.A. says his office will not tolerate threats to the rule of law after Trump calls on supporters to protest
Manhattan District Attorney Alvin Bragg says his office will not tolerate intimidation or threats to the rule of law Story Published at: March 19, 2023 at 09:48PM
UBS agrees to buy Credit Suisse as regulators look to shore up global banking system
Credit Suisse had already been battling a string of losses and scandals, and the last two weeks sentiment was rocked again.Story Published at: March 19, 2023 at 06:38PM
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.Story Published at: March 19, 2023 at 12:19PM
BlackRock is working on a rival takeover bid for Credit Suisse, Financial Times reports
It follows an earlier report in the Financial Times that UBS is in talks to take over all or part of the embattled Swiss lender.Story Published at: March 18, 2023 at 10:49AM