UBS shares slide 10%, Credit score Suisse craters 60% right after takeover offer

UBS shares slide 10%, Credit score Suisse craters 60% right after takeover offer


Critical Factors
  • Swiss authorities and regulators assisted to aid the deal in order to stem the risk of contagion to the world banking method, as Credit score Suisse teetered on the brink.
  • UBS Chairman Colm Kelleher stated the acquisition was “beautiful” for UBS shareholders, but clarified that, “as much as Credit score Suisse is anxious, this is an unexpected emergency rescue.”



Supply

Fed considering changes to what constitutes a ‘well-managed’ bank
Finance

Fed considering changes to what constitutes a ‘well-managed’ bank

The Federal Reserve building is seen before the Federal Reserve board is expected to signal plans to raise interest rates in March as it focuses on fighting inflation, in Washington, D.C., on Jan. 26, 2022. Joshua Roberts | Reuters The Federal Reserve is taking another step toward easing regulation for big financial institutions, this time […]

Read More
Stocks making the biggest moves midday: MP Materials, Delta Air Lines, WK Kellogg, Hertz & more
Finance

Stocks making the biggest moves midday: MP Materials, Delta Air Lines, WK Kellogg, Hertz & more

Check out the companies making the biggest moves midday: MP Materials — The rare earth miner soared more than 47% after the company announced the Defense Department would buy $400 million in preferred stock . “We remain a thriving public company. We now have a great new partner in our economically largest shareholder, DoD, but […]

Read More
‘YOLO’-buying EVs: As ,500 tax credit ends, consumers may rush to cash in. Here’s how to get a good deal
Finance

‘YOLO’-buying EVs: As $7,500 tax credit ends, consumers may rush to cash in. Here’s how to get a good deal

Key Points President Donald Trump’s so-called “big beautiful bill” ends federal EV tax credits after Sept. 30. Consumers may rush to buy or lease an electric vehicle before that deadline to get a tax break. Tesla said now is the time to “YOLO” purchase an EV, referencing the fast-approaching deadline. Source

Read More