UBS holds its annual general meeting on Wednesday morning against a fraught political backdrop following its takeover of fallen rival Credit Suisse, announced last month.
Cramer said the Fed will continue with rate hikes until wage inflation cools off, but that if another large bank like First Republic collapses, “it’ll definitely do the job.”
From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.
“BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so,” a company spokesperson told CNBC.
The SVB employee bonuses were for work done in 2022 and had been in process days before the company’s collapse, sources said.
Nelson Peltz isn’t interested in acquiring Wendy’s but said in a statement he is confident in the company’s ability to drive shareholder value.
Insurance tech company Duck Creek Technologies has reached a takeover deal with Vista Equity Partners, sending its stock soaring.
Mary Barra said GM’s decision to suspend advertising on Twitter was influenced by the fact that Musk’s electric vehicle company, Tesla, is a competitor.
The number of Mastodon users has skyrocketed since Elon Musk took over Twitter, but users are struggling with the app’s complicated setup.
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}
){kind=link}