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 by the takeover by UBS,…
By Davide Barbuscia NEW YORK (Reuters) – Bond giant PIMCO lost about $340 million on a category of Credit Suisse bonds that were wiped out by the takeover by UBS,…
NEW YORK (Reuters) – First Citizens Bancshares will submit bids to the Federal Deposit Insurance Corp (FDIC) to acquire parts of Silicon Valley Bank, one source with knowledge of the…
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 to reassure key staff following…
‘Transparency’: Twitter Will Open A Key Part Of Its Source Code To The Public, Elon Musk Says Harold Hutchison on March 17, 2023 Twitter owner Elon Musk announced Friday the…
FRANKFURT (Reuters) – European Central Bank supervisors meeting on Friday saw no contagion to euro zone banks from the market turmoil that has engulfed Credit Suisse and some U.S. lenders,…
RIO DE JANEIRO (Reuters) – The former chief executive of scandal-hit Brazilian retailer Americanas SA testified on Thursday at the country’s securities watchdog, a source familiar with the matter said,…
By Milana Vinn (Reuters) – Infinera Corp, a U.S. manufacturer of semiconductors for the telecommunications industry that competes with China’s Huawei, is exploring options that include a sale of the…
By Sara Rossi MILAN (Reuters) – Italy’s Treasury is working on a new bond dedicated to small savers in an effort to increase retail investors’ holdings of the country’s huge…
By Niket Nishant (Reuters) – JPMorgan Chase & Co is cutting ties with Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, according to a source familiar with the…
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina and the International Monetary Fund (IMF) are zeroing in on an agreement for more flexible currency reserves targets this year dependant on…
(Reuters) – Citigroup Inc is laying off less than 1% of its workforce, excluding its remediation team working on a consent order, people familiar with the matter said on Thursday.…
(Reuters) – KKR-backed technology firm BMC Software has confidentially filed for an initial public offering in the United States, a person familiar with the matter told Reuters, offering an early…
WASHINGTON (Reuters) – President Joe Biden is expected to name Federal Reserve Vice Chair Lael Brainard and his trusted confidant Jared Bernstein as top economic advisers after financial markets close…
(Reuters) – JPMorgan Chase & Co has cut hundreds of mortgage employees, a source familiar with the matter told Reuters on Wednesday, hours after the company announced plans to hire…
FRANKFURT (Reuters) – Creditors of Frankfurt-Hahn airport in Germany have agreed to refer to the government a decision on whether a Russian billionaire named on a 2018 U.S. list of…
PARIS (Reuters) – The board of Nissan has also voted in favour of reshaping its alliance with French carmaker Renault, a source said on Monday. The agreement, which will retool…
LONDON (Reuters) – Renault’s board voted in favour on Sunday to reshape the French carmaker’s alliance with its Japanese partner Nissan, a source said. The agreement, which will retool the…
ANKARA/OSLO (Reuters) -Norwegian police on Thursday banned a planned anti-Islam protest including the burning of a copy of the Koran this week for security reasons, hours after the Turkish foreign…
BEIJING (Reuters) – Chinese internet search major Baidu Inc is planning to launch an artificial intelligence (AI) chatbot service similar to OpenAI’s ChatGPT in March, a person familiar with the…
(Reuters) – Bank of America Corp has promoted 360 employees to managing directors, with more than 50% of them representing women and people of color, a source familiar with the…
BERLIN (Reuters) – German Chancellor Olaf Scholz has decided to send Leopard 2 tanks to Ukraine and allow other countries such as Poland to do so while the U.S. may…
By Pablo Mayo Cerqueiro and Toby Sterling LONDON/AMSTERDAM(Reuters) – Dutch insurer ASR will consider a sale of its banking arm after completing its acquisition of rival Aegon’s domestic operations, a…
(Reuters) – Consumer lending firm Capital One Financial Corp has cut 1,100 positions in its technology segment, a person familiar with the matter told Reuters on Thursday, a move that…
PARIS (Reuters) – A deal between French carmaker Renault and Japanese partner Nissan could be announced as early as Feb. 1 as months of negotiations on how to reshape their…
(Reuters) – JPMorgan Chase & Co has set aside at least $10 billion to back its foray into the world of direct lending, a person with knowledge of the matter…