Tag: INVMAN
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Exclusive: Citizens Financial eyes bid on SVB private bank, sources say
NEW YORK, March 23 (Reuters) – Citizens Financial Group Inc (CFG.N) is preparing a bid to acquire the private banking business of bankrupt Silicon Valley Bank, two people familiar with the matter said Thursday. Citizens, one of the largest regional banks in the US, is preparing to bid for the auction of the company, which […]
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Central banks continue to raise interest rates amid banking turmoil
March 23 (Reuters) – The Bank of England followed the Federal Reserve and Swiss National Bank in raising interest rates on Thursday as policymakers continued their battle against inflation in the face of the instability that rippled through the global banking system this month . Investors had wondered whether central banks could continue tightening policies […]
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PIMCO lost $340 million on the write-down of Credit Suisse AT1 bonds – source
NEW YORK, March 20 (Reuters) – Bond giant PIMCO lost about $340m on a class of Credit Suisse bonds wiped out by its takeover by UBS (UBSG.S), with the US investment manager’s overall exposure to the Swiss lender running low in billions, said a source familiar with the situation. Swiss authorities on Sunday decided to […]
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Credit Suisse secures $54 billion lifeline as authorities scramble to prevent global banking crisis
March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to bolster liquidity and investor confidence after a slump in its shares raised fears of a global banking crisis . The Swiss bank’s announcement on Thursday helped counter heavy selling in financial markets […]
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Wall Street collapses as Credit Suisse triggers another bank sell-off
February retail sales, falling producer inflation Credit Suisse US stocks hit record lows Regional bank shares fall NEW YORK, March 15 (Reuters) – US stocks lost late Wednesday, but the Dow and S&P 500 still closed lower as problems at Credit Suisse revived fears of a banking crisis, lowering bets on a smaller US rate […]
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Blackstone defaults on CMBS with $562 million property coverage in Scandinavia – Bloomberg News
March 2 (Reuters) – Blackstone Inc (BX.N) has defaulted on a EUR 531 million ($562.5 million) bond backed by a portfolio of offices and retail owned by Finnish company Sponda Oy, reported Bloomberg News, as rising interest rates hit European property values. The asset management giant and prolific real estate investor sought a reprieve from […]
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Blackstone’s Schwarzman received more than $1 billion in remuneration, dividends, in 2022
Feb. 25 (Reuters) – Chief Executive Officer of Blackstone Inc (BX.N), Steve Schwarzman, took home about $1.26 billion in wages and dividends for 2022, a filing showed. Schwarzman received more than $1 billion in dividends from his Blackstone stock and $253.1 million in compensation, the filing showed Friday. Goldman Sachs Group Inc (GS.N) cut compensation […]
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Nvidia results show its growing lead in the AI chip race
23 February (Reuters) – As the artificial intelligence boom takes off, Nvidia Corp (NVDA.O) is expected to become the biggest – but not the only – winner among chipmakers, after years of focus on the technology that made it made a success. as a supplier for tech companies. AI has emerged as a bright spot […]
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Goldman Sachs, BofA expect three more rate hikes in the US this year
Goldman, BofA sees three rate hikes by the Fed this year Both Banks Forecast Fed Fund Rates at 5.25%-5.5% European bank UBS sees rate hikes in March and May meetings Feb. 17 (Reuters) – Goldman Sachs and Bank of America said they expect the US Federal Reserve to raise rates three more times this year, […]