Financial Markets

BlackRock Inc Vice Chairman Philipp Hildebrand is taking part in talks as Swiss officials look to draft a deal that will see UBS Group take over Credit Suisse Group AG, several confidential sources reported on Saturday. The report, which came courtesy of Bloomberg News, was...

UBS Group AG is looking to secure up to $6 billion in government guarantees as it contemplates a potential takeover of Credit Suisse Group AG, Reuters reported on Saturday. This comes after Credit Suisse was hit by a mounting debt crisis. According to several sources,...

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 prior to the collapse of...

The European Central Bank is expected to continue raising its interest rates as it looks to continue suppressing inflation, Belgian central bank chief Pierre Wunsch believes. He added that a repeat of the 2008 financial crisis is unlikely as European banks have been subjected...

The UK arm of Silicon Valley Bank handed out approximately 15 million pounds in bonuses days after it was bailed out by HSBC, Sky News reported on Saturday. According to several sources, the bonuses could have amounted to up to 20 million pounds. Reports have...

Struggling retailer Bed Bath & Beyond is making another significant move in an attempt to avoid bankruptcy. In a press release made on Friday, the company announced its plans to seek approval from its shareholders for a reverse stock split. The proposed split is set...