Top Stories Fed had expressed its concerns over Silicon Valley Bank for years: reports The U.S. Federal Reserve had been worried about Silicon Valley Bank’s risky practices for more than a year before its collapse this month, according... Financial Press15 hours ago
Top Stories 'Someone needs to tell Jerome Powell that this is not a kill-at-all-costs mission.' Cut interest rates now to prevent a full-blown banking crisis. We’re nearing the tipping point where the U.S. economy and banking system either back away from the edge and return to safety or fall... Financial Press15 hours ago
Top Stories Silicon Valley Bank collapse had little impact on the price of top NFT art collections, report says After a shaky 2022, during which non-fungible token art projects saw a 97% loss in trading volume, the industry has been on an upwards... Financial Press15 hours ago
Top Stories UBS reaches deal to buy Credit Suisse for more than $2 billion Struggling Swiss banking giant Credit Suisse has agreed to be bought by its arch-rival UBS at a discount to Friday’s close price, after seeing... Financial Press18 hours ago
Top Stories Saudis, Qataris and Norway to see big losses on UBS deal for Credit Suisse It wasn’t even six months ago that Saudi National Bank paid $1.5 billion for a 9.9% stake in Credit Suisse. That stake is now... Financial Press18 hours ago