DOJ investigates UBS, Citi downgrades EU banks, Block stock tanks: 3 things to k...
source link: https://finance.yahoo.com/video/doj-investigates-ubs-citi-downgrades-132430205.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
DOJ investigates UBS, Citi downgrades EU banks, Block stock tanks: 3 things to know
DOJ investigates UBS, Citi downgrades EU banks, Block stock tanks: 3 things to know
Yahoo Finance Live’s Brad Smith summarizes three key topics to watch for this morning.
Yahoo Finance Live’s Brad Smith summarizes three key topics to watch for this morning.
ReutersBanks scrutinize Credit Suisse products, interactions after takeover
Some bankers and traders are grappling with how to interact with Credit Suisse across various markets including debt and foreign exchange, with some increasing their scrutiny when dealing with the Swiss bank or its products, sources said. The caution comes after UBS Sunday offered to pay CHF 3 billion ($3.23 billion) for Credit Suisse, in a hastily-agreed merger engineered by Swiss authorities following a scramble to save the bank. Last week, at least four major banks restricted new trades involving the Swiss bank or its securities while Credit Suisse worked to restore investor confidence and stop its shares from plummeting.
37m ago
Yahoo FinanceTikTok CEO fails to convince Congress app is safe
TikTok CEO Shou Chew was seemingly unable to convince members of the House Commerce Committee that the app is safe to use.
17h ago
ReutersDeutsche Bank shares plunge, default insurance at highest since 2018
LONDON (Reuters) -Deutsche Bank shares tumbled on Friday after the cost of insuring the bank's debt against the risk of default shot to more than four-year highs, highlighting concerns among investors about the stability of Europe's banks. The region's banking sector has had a rough ride in the last week, with a state-backed rescue of Credit Suisse and turmoil among regional U.S. banks fuelling concerns about the health of the global banking sector. Deutsche shares, which have lost more than a fifth of their value so far this month, fell by as much as 14.9% on Friday to their lowest in five months.
7h ago
Yahoo FinanceWall Street reacts to Hindenburg's report on Block: 'We find it highly unlikely'
Wall Street is not so sure about a new short call on Block.
3h ago
SmartAssetSorry, Elon! The Fed Didn't Drop Rates 50 BPS: Here's What the 0.25% Hike Means For Retirees
With the recent collapse of two banks serving as a backdrop, the Federal Reserve hiked interest rates another 25 basis points on Wednesday. The decision to raise the federal funds rate to a 4.75-5% target range comes on the heels of the … Continue reading → The post Fed's Latest Rate Hike: What Retirees Need to Know appeared first on SmartAsset Blog.
23h ago
Yahoo FinanceFord’s next-gen ‘Project T3’ EV pickup is coming in 2025
Ford on Friday unveiled its gearing up for next step in its EV truck business - the Project T3. Fresh off its ‘teach-in’ describing the new segments of the business, Ford said it’s preparing to build its next-gen electric truck, code-named Project T3, at its upcoming BlueOval City EV vehicle and battery manufacturing complex. The Project T3 will begin production at the West Tennessee plant in 2025.
4h ago
ReutersDeutsche Bank settles lawsuit over $1.6 billion Bernard Madoff claims
Deutsche Bank AG has settled a lawsuit in which it accused two offshore funds of reneging on an agreement to sell it $1.6 billion of claims in the bankruptcy of Bernard Madoff's namesake firm. The settlement was revealed on Thursday by lawyers for the German bank and the Kingate Global Fund and Kingate Euro Fund in a letter filed in federal court in Manhattan. Incorporated in the British Virgin Islands, the Kingate funds funneled client money to Madoff for many years before his Ponzi scheme collapsed in 2008.
1h ago
Investor's Business DailyTop Dividend Stocks: This Packaged Foods Company's Dividend Soars 50%
Conagra Brands (CAG), part of IBD's Dividend Leaders screen, is a dividend stock in focus as the company projects growth and expands its dividend at a rapid rate. The company — headquartered in Chicago — is a packaged foods provider that owns various brands including Healthy Choice Meals, Slim Jim, Hunt's Tomato Sauce and Orville Redenbacher's popcorn. Dividend Soars As...
1h ago
BloombergJack Dorsey’s Wealth Tumbles $526 Million After Hindenburg Short
(Bloomberg) -- Block Inc. co-founder Jack Dorsey’s net worth was hammered after Hindenburg Research’s latest report, which alleged the payments company ignored widespread fraud. Most Read from BloombergUBS Sends Khan to Stem Credit Suisse’s Private Banker ExitsJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockJack Dorsey’s Wealth Tumbles $526 Million After Hindenburg ShortCredit Suisse, UBS Among Banks in DOJ Russia-Sanctions ProbeDorsey’s fortune plunged by $526 m
15h ago
BloombergWall Street Expects the Fed to Cut Rates. That Isn’t a Good Sign
(Bloomberg) -- Wall Street pros are warning investors who bid up US stocks on expectations the Federal Reserve will soon be cutting interest rates to remember an old cliche: Be careful what you wish for.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockUBS Sends Khan to Stem Credit Suisse’s Private Banker ExitsCredit Suisse, UBS Among Banks in DOJ Russia-Sanctions ProbeJack Dorsey’s Wealth Tumbles $526 Million After Hindenburg ShortUS Fears
18h ago
TipRanksDown More Than 50%: 2 ‘Strong Buy’ Stocks That Are Too Cheap to Ignore
When stock prices fall, opportunities open up. That’s true whether we’re talking about a general market decline, or a slip in some individual stocks. However, it is crucial for investors to conduct due diligence and investigate the reasons behind the drop in price to ensure that they are making informed investment decisions. The key to success here is recognizing when a low-priced stock is fundamentally unsound or just facing tough trading conditions. Fortunately, Wall Street’s equity analysts a
20h ago
Barrons.comBlock Stock Splits Wall Street. One Fund Buys It and Sells Tesla After Hindenburg News.
A critical report from short-seller Hindenburg Research sends shares in Block falling. The company says the report is inaccurate, and some analysts agree.
2h ago
FortuneU.S. Banks are sitting on $1.7 trillion in unrealized losses, research says. That’s not a problem—until it is
"As long as people aren't all coming in at the same time and demanding that their deposits back, you're okay, but that's exactly what's been happening," Prof. Stephan Weiler told Fortune. "So the chances of facing those unrealized losses are going up."
17h ago
Yahoo FinanceStock market today: Stocks open lower as further bank-related fears percolate
Stocks are feeling pressure from multiple directions.
30m ago
ReutersSwiss regulator defends its decision to write off AT1 bonds
ZURICH (Reuters) -Switzerland's financial market regulator FINMA defended its decision to impose steep losses on some of Credit Suisse bondholders on Thursday, saying the decision was legally watertight. On Sunday, Switzerland announced a multi-billion franc rescue of Credit Suisse, which will see it taken over by UBS. The decision that prioritised shareholders over AT1 bondholders rattled the $275 billion AT1 bond market, prompting a sharp fall in prices on Monday.
1d ago
ReutersU.S. SEC threatens to sue Coinbase over some crypto products
Shares of Coinbase dropped nearly 13% to $67.33 in extended trading after the company said on Wednesday that the regulator had issued it a Wells notice - a formal declaration that SEC staff intend to recommend an enforcement action. The potential enforcement actions would be tied to aspects of Coinbase's spot market as well as its Earn, Prime and Wallet products, the company said.
2d ago
BankrateBiggest winners and losers from the Fed’s interest rate hike
As the Fed raises interest rates, here are the biggest winners and losers from its latest decision.
2d ago
AP FinanceDeutsche Bank shares drop amid global jitters over banks
Shares in Deutsche Bank fell sharply Friday, dragging down major European banks and leading German Chancellor Olaf Scholz to express confidence in the solidity of the country’s largest lender as fears about the global financial system sent fresh shudders through the markets. Deutsche Bank shares tumbled 10.9% in early afternoon trading on the German stock exchange. Rising costs on insuring debt were also a prelude to a government-backed takeover of Swiss lender Credit Suisse by its rival UBS.
2h ago
The Wall Street JournalMicrosoft-Activision Deal Gets Lift as U.K. Regulators Narrow Competition Probe
The U.K.’s top competition authority said it was narrowing the scope of its probe into the $75 billion deal, saying that it no longer is concerned that it could lessen competition in console gaming.
24m ago
FortuneThink Texas has a cheaper tax burden than California? Think again.
"When people are like, 'Oh California is so much more expensive than Texas,' that’s the top income tax rate."
22h ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK