Bloomberg
El-Erian Says Some US Regional Banks Face 'Bumpy' Road Ahead
Mohamed El-Erian, president at Queens College Cambridge and Bloomberg Opinion columnist, shares his views on the regional banking crisis in the US. He speaks with Lisa Abramowicz and Jonathan Ferro on a special edition of "Bloomberg...
Bloomberg
Contagion Risks Remain After UBS-Credit Suisse Deal, AMP Says
Shane Oliver, head of investment strategy and chief economist at AMP, discusses UBS Group AG's agreement to buy Credit Suisse Group AG, the implications for financial markets. UBS is paying 3 billion francs ($3.3 billion) for CS in an...
Bloomberg
Credit Suisse Takeover by UBS Is a Bailout: El-Erian
Mohamed El-Erian, president at Queens College Cambridge and Bloomberg Opinion columnist, says of UBS Group AG's deal to purchase Credit Suisse Group AG "yeah, it was a bailout," but, "of the available options, this was the best one that...
Bloomberg
What Does the UBS-CS Deal Mean for the Bond Market?
Bob Michele, chief investment officer of fixed income at J.P. Morgan Asset Management, discusses UBS Group AG's agreement to buy Credit Suisse Group AG, the implications for bond markets and the banking industry. Holders of Credit Suisse...
Bloomberg
Rep. Debbie Dingell (D) Michigan on Damaged Banks
Rep. Debbie Dingell (D) Michigan discusses the efforts made to help damaged banks along with her concerns over TikTok. She speaks with Annmarie Hordern and Joe Mathieu on Bloomberg's "Balance of Power."
Bloomberg
UBS in Talks to Buy All or Part of Credit Suisse: FT
A merger of UBS Group AG with Credit Suisse Group AG is "plan A" for Swiss regulators seeking to shore up confidence in the nation's banking system, the Financial Times reported. Bloomberg's Kailey Leinz and Sonali Basak report on...
Bloomberg
Summers Favors a 25 BPS Hike
Former US Treasury Secretary Lawrence H. Summers tells us why he believes a 25 basis-point move would be favorable and cautions US regulators from moving too strongly against regional banks.
Bloomberg
Fed's Barr, in Prepared Remarks, Says Banks Are 'Sound'
Federal Reserve Vice Chair for Supervision Michael Barr says regulators "will continue to closely monitor conditions in the banking system and are prepared to use all of our tools for any size institution, as needed." Barr is scheduled...
Bloomberg
First Look With Surveillance: Bank Turmoil
Anna Edwards and Matt Miller take you through what to watch today.
Bloomberg
Asia Earnings Week Ahead: Bank of China, ICBC, BYD
China banks may prove they remain on solid ground this week with the release of results. Their global counterparts, in the meantime, still reeling from weeks of banking turmoil. Olivia Tam reports on Bloomberg Television.
Bloomberg
Chinese Banks Court Crypto Firms in Hong Kong
Bitcoin is back around the $28,000 mark, but liquidity across crypto markets is at a 10-month low. That's happening as firms that buy and sell digital tokens lose access to dollar payment systems. Annabelle Droulers reports on where...
Bloomberg
US Mulls More Support for Banks
US authorities are considering expanding an emergency lending facility for banks in ways that would give First Republic Bank more time to shore up its balance sheet, according to people with knowledge of the situation. Adam Haigh reports...
Bloomberg
The Differences Between Deutsche Bank and Credit Suisse
Deutsche Bank AG became the latest focus of the banking turmoil in Europe as ongoing concern about the industry amid a slowing economy sent its shares plunging. Bloomberg's Steven Arons explains the differences between Deutsche Bank and...
Bloomberg
Marc Lasry on Banks, Lending Rules, Bucks, Bitcoin
Avenue Capital Group Chairman Marc Lasry talks about the golden age for credit, new rules for bank lending, how valuable his Milwaukee Bucks could be if they win another NBA championship and Bitcoin. He's on "Bloomberg Markets: European...
Bloomberg
Lasry on the Risks of Keeping Money in Smaller Banks
Avenue Capital Group Chairman Marc Lasry talks about the risks of keeping money in smaller regional banks. He said the Federal Reserve is trying to shore up confidence now for investors.
Follow Bloomberg for business news & analysis,...
Bloomberg
Deutsche Bank Slides as European Bank Worries Persist
Deutsche Bank AG shares slumped the most in three years Friday as the company became the latest focus of the banking turmoil in Europe. Jan-Patrick Barnert reports on Bloomberg Television.
Follow Bloomberg for business news & analysis,...
Bloomberg
StanChart CEO Says Worst of the Banking Crisis Is Over
Standard Chartered Chief Executive Officer Bill Winters speaks with Bloomberg's David Ingles on the banking crisis, inflation, rates and more.
Bloomberg
Lisa's Market Movers: Top Moving Stocks This Morning 3/30
Bloomberg's Lisa Abramowicz reports the top moving stocks this morning: Roku, Restoration Hardware and Charles Schwab.
Bloomberg
Fed Needs to Be Willing to Stop Hikes: Vincent Reinhart
"I think it's appropriate now (the Fed) moves gradually and be willing to stop," Vincent Reinhart , Dreyfus & Mellon's chief economist, says during an interview with Lisa Abramowicz on "Bloomberg Surveillance."
Follow Bloomberg for...
Bloomberg
Boston Fed's Collins Says More Policy Tightening Needed
Federal Reserve Bank of Boston President Susan Collins says there is "more work to do" on bringing down US inflation to the central bank's 2% target at the annual NABE conference in Washington.
Bloomberg
FDIC Might Ask Big Banks to Plug $23 Billion Hole
The Federal Deposit Insurance Corp., facing almost $23 billion in costs from recent bank failures, may ask big banks to pitch in and shore up a special insurance fund. Bloomberg's Hannah Levitt reports.
Follow Bloomberg for business...
Bloomberg
Rep. McHenry Grills Regulators on SVB Awareness
US Representative Patrick McHenry grills Treasury Undersecretary for Domestic Finance Nellie Liang, Federal Reserve Vice Chair for Supervision Michael Barr and FDIC Chair Martin Gruenberg on the timing of their awareness of the impending...
Bloomberg
Can Sergio Ermotti Fix Credit Suisse?
UBS Group AG is bringing back Sergio Ermotti as chief executive officer to oversee the historic acquisition of Credit Suisse Group AG. He held the CEO title for nine years. Bloomberg's Francine Lacqua and Steven Arons report.
Follow...
Bloomberg
Ermotti: Looking Forward to Working With Hamers at UBS
Incoming UBS Chief Executive Officer Sergio Ermotti says he's looking forward to working with outgoing CEO Ralph Hamers on the complicated acquisition of Credit Suisse. Ermotti speaks at a news conference in Zurich and will take the helm...