International and regional news from around the globe.
As Chinese deal-making slows down, Bank of America Corp. is looking to control costs globally. According to a person familiar with the matter, the bank informed around 40 bankers to look for new roles within the organization, and the bankers were from Asia. The bank told these to their employees on Wednesday. The banks told…
While the trading partner of Singapore (China) is struggling to get a boost after the COVID, as the economic outlook of the world weakens, the risk of a recession increases in the city-state as the economy of Singapore contracted in the first quarter. The borrowing costs have hiked, and inflation pressure is immense on the…
On Tuesday, the UBS group was in negotiations with Swiss authorities about loss protections related to the takeover of Credit Suisse Group AG and its regulatory capital requirements. There are still some kinks in the tie-up of the banks, and that issue was put together by the Swiss government over a weekend in mid-March, which…
On Monday, the Federal Reserve reported that U.S. households’ sense of financial security has eroded because of the inflation wave, which remains elevated and crested at a 40 year high last year. According to other sources, they have delayed purchasing goods or swapped to cheaper options, even reducing their savings options to meet their needs,…
Although ordinary investors were mainly missing from the market, U.S. stocks have increased recently. The S&P 500 Index has increased by 8.6% since Silicon Valley Bank’s bankruptcy on March 10 started to devastate the American financial system. After reaching a year-to-date and nine-month high of 4,198.05. it dropped 0.1% on Friday. Despite less buying from…
There’s one thing every investor can agree with this year that the dollar will fall, and as the dollar saw a growth of 2% over the past month, it created confusion. If the federal reserve can halt its increase in interest rates next month as U.S. inflation is cooling, will it affect the dollar and…
On Thursday, Sony Group Corp., after taking full control of its financial business three years ago, announced that it is considering a partial spin-off of its financial sector. As there is an increase in investment by the corporation in image sensor, and entertainment. To spin off Sony Financial Group, Sony Group Corp. is considering a…
On Tuesday, there was a regulatory filing, and according to them, there will be certain restrictions on doing business that will be faced by Credit Suisse Group AG, and these restrictions will be there until UBS Group AG’s acquisition is completed. According to the filing, in some cases, Credit Suisse cannot lend the new credit…
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