Finance

Jakub Porzycki | Nurphoto | Getty Images Regulators in Asia issued reassuring statements Monday that their banking systems remained robust and stable after Swiss banking giant UBS agreed to buy its rival Credit Suisse for $3.25 billion. Swiss regulators played a key role in orchestrating the forced takeover, to stem …

A sign on the roof of the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Thursday, March 16, 2023. Credit Suisse tapped the Swiss National Bank for as much as 50 billion francs ($54 billion) and offered to repurchase debt, seeking to stem a crisis of confidence that has …

ChartHop CEO Ian White ChartHop ChartHop CEO Ian White breathed a major sigh of relief in late January after his cloud software startup raised a $20 million funding round. He’d started the process six months earlier during a brutal period for tech stocks and a plunge in venture funding.  For …

A customer walks towards an automated teller machine (ATM) inside a Credit Suisse Group AG bank branch in Geneva, Switzerland, on Thursday, Sept. 1, 2022.  Jose Cendon | Bloomberg | Getty Images Swiss banking giant UBS on Sunday offered to buy its embattled rival Credit Suisse for up to $1 …

There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors CIO John Davi has financials topping his watch list. “You need to be mindful of your risk,'” Davi, who runs the AXS Astoria Inflation Sensitive ETF, told CNBC’s “ETF Edge” …

People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City.  Spencer Platt | Getty Images Credit Suisse may have received a liquidity lifeline from the Swiss National Bank, but analysts are still assessing the embattled lender’s prognosis, weighing the option of a …

A Silicon Valley Bank office is seen in Tempe, Arizona, on March 14, 2023. Rebecca Noble | AFP | Getty Images The panic-induced customer withdrawals that imploded Silicon Valley Bank and Signature Bank — and sent shock waves through financial markets and the broader banking system — offer an acute …

The logo of Swiss bank Credit Suisse is seen at an office building in Zurich, Switzerland February 21, 2022. Arnd Wiegmann | Reuters Credit Suisse received a liquidity lifeline from the Swiss National Bank after its share price plunged to an all-time low, but the embattled lender’s path to the …

A worker sorts packages at a FedEx Express facility on Cyber Monday in Garden City, New York, US, on Monday, Nov. 28, 2022. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in extended trading. FedEx — The package-shipping company’s shares were up 9% after it …

The Snapchat application on a smartphone arranged in Hastings-on-Hudson, New York, US, on Wednesday, Feb. 1, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making the biggest moves in premarket trading: Credit Suisse — U.S.-listed shares of Credit Suisse gained nearly 6% after the Swiss bank …