Turmoil in the banking sector, hot-than-expected inflation data, and renewed hopes for a dovish Federal Reserve has Bitcoin reaching levels not seen in about nine months. The biggest digital asset topped $28,000 for the first time since June 2022, trading…
The economic impact of Cambridge University is almost four times that of England’s Premier League, according to new analysis which highlights the role of higher education institutions in accelerating innovation. Consultancy London Economics calculates the impact of one of the…
The Bitcoin logo appears on a smartphone with the Hong Kong flag in the background. Sopa Picture | Lightrocket | Getty Images The crypto industry has had a rough year with digital currency markets collapsing and companies collapsing across the…
Chairman of UBS Group AG Colm Kelleher said he will manage down the Credit Suisse Group AG investment bank, curtailing the source of losses in the new year in a move that potentially spells the end for plans to carve…
A unit of New York Community Bancorp has agreed to buy “all” the deposits and some of the loan portfolio of collapsed Signature Bank, the US federal deposit agency announced on Sunday. Starting Monday, Flagstar Bank will acquire 40 former…
Signature Bank was shut down by regulators in March in an effort to prevent a wider banking crisis. Angus Mordant Bloomberg Getty Images Subsidiary of New York Community Bancorp has entered into an agreement with the US regulator to buy…
Credit Suisse Group AG, once one of the leaders of the global financial system, is no more. After tense talks over the weekend, UBS Group AG agreed to buy Credit Suisse in an all-stock deal for about $3.25 billion, less…
The Federal Reserve and five other major central banks have taken new steps to increase global access to dollar liquidity as financial markets reel from turmoil in the banking sector. In a joint statement on Sunday, central banks said that,…
The US Federal Deposit Insurance Corp (FDIC) is planning to restart the sale process for Silicon Valley Bank after failing to attract buyers in the latest auction, with the regulator seeking the potential break-up of the failed lender, according to…
Credit Suisse Group AG bondholders suffered historic losses when a takeover by UBS Group AG wiped out about 16 billion Swiss francs ($17.3 billion) in risky notes. The deal will trigger a “full write-down” of the bank’s additional tier 1…