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Credit Suisse Staff Express Uncertainty Despite Rescue Deal

Staff at the Credit Suisse Asian offices expressed feelings of doubt over their futures at the company despite UBS's agreement to acquire the 167-year-old bank in a state-backed rescue. Multiple employees are concerned about the prospect of being retrenched...

Federal Reserve Considers Pause On Interest Rate Hikes Amid SVB Fallout

Federal Reserve policymakers are said to be mulling a potential pause on interest rate hikes as the market is affected by a string of bank failures. Interest rates were expected to be raised in March by 50 basis points...

Ford Stock Dips After 1.5 Million Vehicles Are Recalled Due to Brake and Wiper Issues

Ford Motor Co. stock are down 4.4 percent on Friday after the carmaker issued a recall for 1.5 million vehicles. The vehicles were recalled due to brakes and windshield wipers. According to documents released by National Highway Traffic Safety Administration...

T-Mobile US Acquires Ryan Reynolds’ Mint Mobile for $1.35 Billion

Actor Ryan Reynold long maintained that his mobile virtual network operator Mint Mobile is an affordable and customer-focused alternative to big telecommunication companies. However, that didn’t stop him from selling it to one. According to an announcement made earlier this...

Bitcoin Surging After Fed Decides to Protect SVB and Signature Depositors

The crypto market is benefiting from the Federal Reserve’s decision to protect depositors of collapsed Silicon Valley Bank (SVB) and Signature Bank. All major cryptocurrencies have seen positive movement to start the week, with Bitcoin jumping almost 18 percent...

Wise Assures Of “Minimal Exposure” To SVB Following Failure

Payments company Wise has "minimal exposure" to the failure of Silicon Valley Bank, a spokesperson confirmed on Sunday. This statement comes after SVB was taken over by U.S. regulators, resulting in the largest financial collapse since the 2008 financial...
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