Bloomberg
US Tries to Orchestrate Rescue of First Republic Bank
The US government is trying to orchestrate a rescue of First Republic Bank with the aid of the nation's biggest banks, according to people with knowledge of the matter, after the California lender's shares plunged. Bloomberg's Ed Ludlow...
Bloomberg
Credit Suisse Crisis: What Comes Next?
In an effort to stem a crisis of confidence that send shockwaves through the global financial system, Credit Suisse tapped the Swiss National Bank for as much as 50 billion francs ($54 billion). Bloomberg's Francine Lacqua reports on...
Bloomberg
Why a Credit Suisse-UBS Merger Would Not Work
Michael Kunz, senior equity analyst at Luzerner Kantonalbank, says of a potential merger of Credit Suisse Group AG and UBS Group AG, "the complexity of the merger is just too large to be surmounted." He speaks with Tom Keene on...
Bloomberg
Big ECB Rate Hike Called Into Doubt by Credit Suisse Crisis
The European Central Bank is set to make one of the most consequential decisions in months as officials judge whether market turmoil centering on Credit Suisse is bad enough to derail a long-touted interest-rate hike. Maria Tadeo reports...
Bloomberg
Credit Suisse Crisis Ignites Market Turmoil
As Credit Suisse Group AG's crisis deepens, Bloomberg Television guests weigh on the potential fallout and whether it could be too big to bail out.
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Bloomberg
Credit Suisse Takes Action to Strengthen Liquidity
Credit Suisse said it's planning to borrow from the Swiss National Bank up to CHF50 billion under a covered loan facility. Adam Haigh and Kathleen Hays report on Bloomberg Television.
Bloomberg
Fed Affecting More Than Housing: Loomis Sayles VP
Loomis Sayles Executive VP and Portfolio Manager Elaine Stokes joins Ed Ludlow and Caroline Hyde to discuss the implications of the Credit Suisse crisis and why it shows the Fed is affecting more than just the housing market.
Bloomberg
Credit Suisse in Crisis: Can It Survive?
Shares of Credit Suisse dropped 24% Wednesday hitting a new low. The Swiss bank is in the middle of a complex plan to return to profitability. Investors react to the biggest ever one-day selloff on Bloomberg Television.
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Bloomberg
Credit Suisse Turmoil
The cost of credit derivatives linked to Credit Suisse Group AG are blowing out to levels reminiscent of the financial panic of 2008 after the lender's biggest shareholder said it doesn't want to boost its stake. The company's share...
Bloomberg
Rep. French Hill (R) Arkansas on the Collapse of SVB, Crisis at Credit Suisse
Rep. French Hill (R) Arkansas discusses the collapse of SVB and the crisis at Credit Suisse, along with what the Fed should do. He speaks with Annmarie Hordern and Joe Mathieu on Bloomberg's "Balance of Power."
Bloomberg
BofA Gains More Than $15 Billion in Deposits After SVB Fails
Bank of America Corp. emerged as one of the big winners after the collapse of Silicon Valley Bank and two smaller banks, getting more than $15 billion in new deposits in a matter of days. Michael Moore reports on Bloomberg...
Bloomberg
Credit Suisse Latest: Shares Sink to a New Record Low
Credit Suisse Group AG shares hit a record low on Wednesday after the bank's top shareholder ruled out investing any more in the troubled Swiss bank. Jan-Patrick Barnert reports on Bloomberg Television.
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Bloomberg
US Banks Head Lower After Credit Suisse Plunge
Stocks of major US lenders sank at the open, following European banks lower as Credit Suisse Group AG plunged by a record. Regional banks are also dropping. First Republic Bank was downgraded to junk by S&P. Kailey Leinz reports....
Bloomberg
Fed Should Stay on Course to Raise Rates: Morgan Stanley
Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, says the Federal Reserve should "stay the course" on fighting inflation as the current situation with banks is different from 2007 and 2008. She speaks on...
Bloomberg
Founders Fund Partner Explains What Went Down With SVB
Founders Fund Partner Trae Stephens joins Ed Ludlow and Caroline Hyde to discuss how the firm reacted and acted quickly to protect their portfolio companies during the SVB debacle and the importance of communication in situations of crisis.
Bloomberg
US in Recession, Choppy Market Ahead: Schwab's Kleintop
US in Recession, Choppy Market Ahead: Schwab's Kleintop
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Bloomberg
Bond Market Betting on Rapid Rate Cuts: Newedge's Dawson
Newedge Wealth CIO Cameron Dawson says the moves in 2-year Treasuries are "unprecedented" during an interview with Jonathan Ferro on "Bloomberg The Open."
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Bloomberg
Recruiter on Bankers Seeking Jobs as the Banking Crisis Unfolds
Will Tan, Managing Director at Principle Partners, says he's fielded hundreds of calls from Credit Suisse staff after the Swiss bank spiralled into crisis.. He speaks with Rishaad Salamat, David Ingles and Yvonne Man on "Bloomberg...
Bloomberg
Risky Credit Suisse Bonds Quoted at Just Above Zero
Risky Credit Suisse bonds are said to be written down to zero by regulators, according to people familiar with the matter. They're being quoted at prices a few cents to the dollar. Nabila Ahmed reports on Bloomberg Television.
Bloomberg
Arougheti: Will See More Bank Regulation
Ares Management CEO Michael Arougheti expects more bank regulation to follow the current turmoil in the banking sector. He discussed the role of private credit and the prospect of a tighter lending environment on "Bloomberg Surveillance."
Bloomberg
Bitcoin Breaks $28,000 for First Time Since June
Bitcoin breaks through the $28,000 mark for the first time since June. It's up about 25% since March 8. Katie Greifeld reports on "Bloomberg Technology."
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Bloomberg
Confidence Will Return to First Republic: RBC's Cassidy
RBC Capital Markets Managing Director Gerard Cassidy says First Republic Bank has superb "credit quality" and that he expects confidence to return to the bank. He made the comments on Bloomberg Television after S&P Global cut the...
Bloomberg
Credit Suisse Latest: Ripple Effects of AT1 Wipeout
Swiss Authorities decided to fully write off AT1s of Credit Suisse Group AG as part of UBS Group AG's acquisition of the firm. Francine Lacqua examines the impact of the move on Bloomberg Television.
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Bloomberg
Kearney's Nagarsheth on UBS-CS Deal
Hemal Nagarsheth, Financial Institutions Practice Partner at Kearney, discusses the key takeaways from UBS's historic Credit Suisse deal. He speaks with Shery Ahn, Haidi Stroud-Watts and Kathleen Hays on "Bloomberg Daybreak: Asia".