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UBS to buy Credit Suisse for nearly $3.25B to calm the turmoil
In an effort to prevent future market-shaking turbulence in the global banking system, banking behemoth UBS is purchasing ailing rival...
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The group that owns Silicon Valley Bank seeks bankruptcy protection
The parent company of the seized Silicon Valley Bank is filing for bankruptcy protection. Here's everything you need to know....
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Credit Suisse shares soar after central bank aid announced
Credit Suisse's stock rose 30% on Thursday as the company announced plans to shore up its finances by borrowing up...
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UAE spymaster invests $100 million in TikTok parent ByteDance; firm valued at $220 billion
According to Bloomberg, the United Arab Emirates espionage head, royal Sheikh Tahnoon bin Zayed Al Nahyan, has invested more than...
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Credit Suisse leads Europe bank rout in renewed SVB fallout
The Europe bank stocks came under pressure again as Credit Suisse tumbled to a new low on Wednesday. Read to...
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Moody’s downgrades the US banking system’s outlook to negative, citing a “rapidly deteriorating operating environment”
Moody's Investors Service revised its outlook on the whole banking industry from "stable" to "negative" just days after Silicon Valley...
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Debacle at Silicon Valley Bank: UK PM abroad, global markets blocked, and HSBC’s push for a buyout
According to a new revelation, the stunning collapse of Silicon Valley Bank in the United States triggered frenetic developments in...
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Damage control mode following SVB collapse, Biden insists the American banking system is ‘safe’
Within hours after the failed Silicon Valley Bank (SVB) was auctioned off, US President Joe Biden took the podium to...
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Second American bank after SVB fails, Fed says it will keep “depositors’ savings safe”
On the same day that regulators announced the closure of a second tech-friendly bank, US authorities announced comprehensive measures to...
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