UBS reported an unprecedented quarterly profit in banking history following its urgent acquisition of Credit Suisse.
Argo Blockchain (LON:ARB) reports modest growth in bitcoin mining output
London-listed bitcoin miner Argo Blockchain PLC (LSE: ARB, OTCQX: ARBKF, NASDAQ: ARBK, ETR: 0XP) witnessed a slight rise in its bitcoin and its equivalent mining yield for H1 2023. The
U.S. government is on the brink of a shutdown due to an escalating dispute over budget expenditures.
Goldman Sachs has sounded the alarm that the U.S. government might head towards a federal shutdown later this year due to intense disagreements among Republicans regarding substantial spending cuts.
Argo Blockchain, has successfully raised £5.75 million by placing shares at a 25.92% discount.
Argo Blockchain PLC, an international front-runner in cryptocurrency mining (listed on LSE as ARB and on NASDAQ as ARBK), has revealed the successful pricing for the non-pre-emptive placement of new
Credit Suisse Chairman Axel Lehmann apologizes to shareholders, saying he’s “truly sorry”
At its last shareholder meeting as an independent business on Tuesday, Credit Suisse’s chair, Axel Lehmann, apologized to investors for the 167-year-old Swiss bank’s collapse. Lehmann addressed the bank’s AGM
Credit Suisse has been accused of facilitating tax evasion
The US Senate Finance Committee has accused Credit Suisse of aiding wealthy Americans in concealing their assets from tax authorities, even after a unit of the Swiss bank had pleaded
Credit Suisse and UBS reportedly face an investigation by US authorities for Russian sanctions evasion
American prosecutors are set to investigate the services provided by banks to clients with connections to the Kremlin.
The US Treasury Secretary to hold emergency meeting with US financial regulators
Today, in the midst of the recent banking turmoil, the US Treasury Secretary, Janet Yellen, will chair an impromptu meeting with the leaders of America’s financial regulatory bodies.
The US Treasury Secretary attributes the current turmoil to contagious bank runs.
According to the US Treasury Secretary, Janet Yellen, the recent turmoil in the world’s financial system can be attributed to “contagious bank runs”.
Credit Suisse crisis: the death of market certainty
UBS’s wedding to Credit Suisse — with Thomas Jordan holding the shotgun — puts the nail in the coffin of investing certainty.
Following the turmoil at Credit Suisse, markets have rebounded.
Asian markets experienced a rebound overnight from the previous day’s downturn, as concerns about another financial crisis eased and lenders were lifted.