Just 10 Electric Vehicles Will Qualify For Biden’s Signature Tax Credit
Just 10 Electric Vehicles Will Qualify For Biden’s Signature Tax Credit John Hugh DeMastri on April 17, 2023 Just eight electric vehicles and two plug-in …
Credit
EJ ANTONI: Biden Takes Credit For Extinguishing An Inflationary Inferno He Started
EJ ANTONI: Biden Takes Credit For Extinguishing An Inflationary Inferno He Started E.J. Antoni on April 12, 2023 Strange to see the White House taking a …
Credit Suisse rescue package rejected by Swiss parliament
ZURICH (Reuters) – Switzerland’s parliament on Wednesday rejected a Credit Suisse rescue package that included 109 billion Swiss francs ($120.87 billion)in financial guarantees in a …
Credit Agricole urges EU to end ‘unfair’ safety net funding
By Huw Jones LONDON (Reuters) – French bank Credit Agricole has called on the European Union to address what it says is an unfair system …
NY Fed survey finds Americans more downbeat on credit access
By Michael S. Derby NEW YORK (Reuters) – Americans said last month that access to credit was at its toughest level in nearly a decade, …
Toms River Mayor Hill Upset After Rodrick Blocks $13.9 Million Downtown Expansion Line of Credit
TOMS RIVER. NJ – Toms River Mayor Maurice Hill is angry today. On Tuesday, Toms River Councilmen Daniel Rodrick and Justin Lamb blocked a request …
Swiss finance minister sees no ‘stumbling blocks’ to UBS takeover of Credit Suisse
ZURICH (Reuters) – UBS’s multi-billion state-sponsored takeover of Credit Suisse should proceed smoothly without political obstructions, Swiss Finance Minister Karin Keller-Sutter said in an interview …
Police investigating credit card fraud at Speedway convenience store
BETHLEHEM, PA – Yesterday, at around 8:27 pm, two male suspects committed fraud at the Speedway located at 3622 Rte#378. The duo entered the store …
Credit Suisse chairman: “I am truly sorry”
ZURICH (Reuters) – Credit Suisse’s chairman told a room full of shareholders that he was “truly sorry” the Swiss bank was not able to get …
New Jersey postal worker pleads guilty to stealing credit cards
NEWARK, NJ – An Essex County man, Parrish Brookins, who was employed as a letter carrier with the US Postal Service, has pleaded guilty today …
Julius Baer CEO eyes gains from Credit Suisse’s fall -media
ZURICH (Reuters) – Julius Baer is having “constructive discussions” with Credit Suisse staff who are looking to leave following their bank’s takeover by UBS, the …
Biden Admin Issues Sweeping EV Tax Credit Rules, Leaving Door Open For Foreign Companies
Biden Admin Issues Sweeping EV Tax Credit Rules, Leaving Door Open For Foreign Companies John Hugh DeMastri on March 31, 2023 The U.S. Internal Revenue …
Swiss economists question UBS takeover of Credit Suisse in poll
ZURICH (Reuters) – A poll of Swiss economists found that nearly half think the takeover of Credit Suisse by UBS was not the best solution, …
Analysis-Future for shock-absorbing bank debt uncertain in Credit Suisse aftermath
By Naomi Rovnick, Nell Mackenzie and Chiara Elisei LONDON (Reuters) – As the dust settles on a surprise move by Switzerland to write down $17 …
Swiss authorities reveal cost of Credit Suisse’s liquidity lifeline
By Noele Illien ZURICH (Reuters) – Switzerland’s authorities revealed the interest rates Credit Suisse and UBS will pay for the 250 billion Swiss franc ($273.31 …
White House touts Amazon EVs, Google EV tax credit tool
By Jarrett Renshaw (Reuters) – The White House on Thursday highlighted new U.S. company moves to support electric vehicles (EVs), as final rules on tax …
Credit Suisse withdraws certain proposals to AGM following UBS merger
(Reuters) -Credit Suisse Group AG said on Wednesday it has withdrawn certain proposals to the 2023 annual general meeting following the lender’s recent merger with …
This New Jersey city has the highest average credit score in America
NEW BRUNSWICK, NJ – If you’re good with your money and finances and you’re looking for a place to settle down with like-minded people, you …
Japan banks’ holdings of Credit Suisse AT1 bonds small – Finance Minister
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) -Japanese banks’ holdings of Additional Tier-1 (AT1) bonds issued by Credit Suisse are small so the direct …
“We did not buy Credit Suisse only to close it” – UBS CEO
ZURICH (Reuters) – UBS’s CEO Ralph Hamers on Monday said the Swiss bank sees its government-orchestrated takeover of Credit Suisse as a growth opportunity, in …
PBOC official: China banks concerned about credit ratings in debt overhauls
By Rachel Savage JOHANNESBURG (Reuters) – Multilateral development banks (MDBs) reluctant to offer debt relief need to shoulder an “equitable burden” in sovereign debt restructurings, …
Swiss sight deposits jump, suggesting Credit Suisse, UBS took emergency liquidity
ZURICH (Reuters) – Sight deposits held by the Swiss National Bank (SNB) jumped last week, data showed on Monday, suggesting that both Credit Suisse and …
UBS’s Dargan and Credit Suisse’s McDonagh to lead merger: newspaper
ZURICH (Reuters) – The integration team tasked with merging Switzerland’s two largest banks is to be headed by UBS’s chief technology officer and Credit Suisse’s …
UBS races to seal Credit Suisse deal as soon as late April, sources say
By Elisa Martinuzzi, Saeed Azhar and Stefania Spezzati LONDON (Reuters) – The Swiss authorities and UBS Group AG are racing to close the takeover of …
Credit Suisse hires Southeast Asia wealth vice chairman
Sydney (Reuters) – Credit Suisse said on Thursday it has hired private banker Kwong Kin Mun as its new vice chairman for Southeast Asia wealth …
Big investor in Credit Suisse bonds says ‘bail-in’ system worked
By Herbert Lash NEW YORK (Reuters) – One of the largest investors of the Credit Suisse bonds that were wiped out in the UBS takeover …
UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal – FT
(Reuters) – UBS is set to enter talks with Michael Klein to terminate a deal that would have seen the Wall Street dealmaker take control …
PIMCO lost $340 million with Credit Suisse AT1 bonds write-off – source
By Davide Barbuscia NEW YORK (Reuters) – Bond giant PIMCO lost about $340 million on a category of Credit Suisse bonds that were wiped out …
Canada’s banking regulator reaffirms creditor hierarchy after Credit Suisse deal angers bondholders
(Reuters) – Canada’s banking regulator said on Monday that those who hold Additional Tier 1 (AT1) and Tier 2 debt will be entitled to a …
Credit Suisse memorabilia up for grabs in online shops after merger
ZURICH (Reuters) – Within hours of its state-backed takeover by UBS Group being announced, memorabilia bearing lender Credit Suisse’s name and logo was being put …
BlackRock Investment Institute downgrades credit, favors short-term bonds for income
(Reuters) – BlackRock Investment Institute said on Monday it was downgrading credit and preferred short-term bonds for income, with strategists pointing to financial cracks from …
UBS mulls sweeteners to keep Credit Suisse wealth bankers – source
By Stefania Spezzati LONDON (Reuters) – UBS Group AG told Credit Suisse wealth bankers it’s weighing financial sweeteners for them to stay as it seeks …
Sight deposits rise, indicating Credit Suisse took central bank liquidity
ZURICH (Reuters) – Credit Suisse took a hefty chunk of liquidity from the Swiss National Bank last week, sight deposit data published by the central …
French insurer AXA has about $640 million exposure to Credit Suisse
PARIS (Reuters) – French insurer AXA had a “limited exposure” of about 0.6 billion euros ($639.5 million) to Swiss bank Credit Suisse, it said on …
Derivatives that track bonds at the heart of Credit Suisse rescue slide
LONDON (Reuters) – Derivatives that track the value of key bank debt fell sharply on Monday, after UBS agreed to rescue rival Credit Suisse, forcing …
Asia policymakers move to calm nerves after Credit Suisse takeover
By Scott Murdoch SYDNEY (Reuters) – Asian policymakers on Monday moved to calm investor nerves after announcements of a historic Swiss-backed takeover of troubled Credit …
Singapore central bank says no interruption to Credit Suisse operations
(Reuters) – Singapore’s central bank said Credit Suisse Group would continue operating in the city-state without any curbs, adding that it expected no impact of …
UBS’s Credit Suisse deal was the best solution says Swiss gov’t
(Reuters) – Swiss Finance Minister Karin Keller-Sutter was determined to present the deal for UBS to buy Credit Suisse as no bailout but the best …
Bank of England welcomes Credit Suisse deal, says UK banks are safe
LONDON (Reuters) – The Bank of England welcomed moves by the Swiss authorities to broker a take-over by UBS of Credit Suisse on Sunday, indicating …
UBS chairman wants to keep Credit Suisse’s Swiss unit
ZURICH (Reuters) – UBS Chairman Colm Kelleher said the bank wants to keep Credit Suisse’s Swiss unit, speaking at a news conference announcing the merger …
UBS offers to buy Credit Suisse for up to $1 billion – FT
(Reuters) – UBS Group AG has offered to buy Credit Suisse for up to $1 billion, with the Swiss government planning to change the country’s …
U.S. authorities weighing in on possible Credit Suisse-UBS deal: Bloomberg News
(Reuters) – U.S. authorities are working with Swiss counterparts to broker a deal for UBS AG to buy all or part of Credit Suisse Group …
UBS, regulators race to seal Credit Suisse deal as soon as Saturday – FT
(Reuters) – The Swiss National Bank and Swiss regulator FINMA have told their international counterparts they regard a deal with UBS Group as the only …
UBS seeks Swiss backstop in any Credit Suisse deal – Bloomberg News
(Reuters) – UBS Group AG is asking the Swiss government for a backstop if it were to buy Credit Suisse Group AG, Bloomberg News reported …
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
LONDON (Reuters) – Goldman Sachs has cut its recommendation on exposure to European bank debt to neutral from overweight, saying a lack of clarity on …
BlackRock says not participating in any plans to acquire Credit Suisse
LONDON (Reuters) – BlackRock said on Saturday it had no plans or interest to acquire embattled Swiss lender Credit Suisse, a spokesperson for the U.S. …
‘Propaganda’: CUNY College To Give Students Credit For Attending Anti-Israel Film Event
‘Propaganda’: CUNY College To Give Students Credit For Attending Anti-Israel Film Event Kate Anderson on March 17, 2023 Borough of Manhattan Community College will give …
Moody’s downgrades credit ratings on First Republic Bank
(Reuters) – Ratings agency Moody’s on Friday downgraded the credit of First Republic Bank, citing deterioration in the bank’s financial profile and challenges faced by …
UBS in talks to acquire Credit Suisse -FT
(Reuters) -Banking giant UBS is in discussions to take over all or parts of Credit Suisse, with the boards of Switzerland’s two biggest lenders set …
Deerpath raises over $2.8 billion for sixth credit fund
By Matt Tracy WASHINGTON (Reuters) – U.S. private equity firm Deerpath Capital Management raised more than $2.8 billion for its sixth private credit fund that …