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UBS eyeing swoop for Credit Suisse amid fears of banking contagion

UBS AG was examining on Saturday a takeover of its embattled Swiss peer Credit Suisse, sources said

Credit Suisse under pressure to merge with UBS, meets to weigh options

Credit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank as regulators urged it to pursue a deal with Swiss rival UBS AG

Credit Suisse meets to weigh options, under pressure to merge with UBS

Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess strategic scenarios for the bank

Credit Suisse faces crunch weekend as lifeline offers limited reprieve

The 167-year-old Swiss bank is the biggest name ensnared by market turmoil unleashed by the collapse of US lenders Silicon Valley Bank and Signature Bank over the past week

UBS in talks to buy embattled Swiss rival Credit Suisse, says report

The boards of Switzerland's two biggest lenders are set to meet separately over the weekend to discuss a deal, the FT said, citing multiple people briefed on the talks

ESOPs: Market regulator Sebi could tweak regulations for start-ups

Sebi does not want founders to own stock options if they have rights akin to those enjoyed by promoters, the sources with direct knowledge of the matter said

TCS, Infosys have highest exposure to US regional banks: JPMorgan

Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil

SpaceX, Netflix, Boeing to join US business mission to Vietnam: Report

Over 50 firms, including defence, pharmaceutical, and tech will participate

YouTube is restoring Trump's channel after over two-year suspension

Meta Platforms Inc had reinstated Trump's Facebook and Instagram accounts earlier this year, while his Twitter account was restored in November by new owner Elon Musk

SVB Financial seeks bankruptcy protection as banking turmoil persists

Shares of big US banks fell between 1.5% and 2% in premarket trading on Friday

Wall Street falls on banking crisis worries; First Republic Bank tumbles

Indexes down: Dow 0.63%, S&P 0.36%, Nasdaq 0.25%

US manufacturing output ekes out gains in Feb due to high interest rate

The Institute for Supply Management's measure of national manufacturing activity has contracted for four straight months

Foreign exchange reserves fall $2.4 bn to over 3-month low of $560 bn

The reserves stood at $562.40 billion in the week to March 3

OECD hikes global economic growth outlook, but warns recovery fragile

2023 global growth forecast raised to 2.6% from 2.2% previously; OECD says risks to outlook remain high as interest rates rise

China cuts banks' reserve ratio for first time in 2023 to support recovery

PBOC said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve ratio, by 25 basis points (bps), effective March 27

ECB supervisors meet over banking stress as US rescue eases immediate fears

The rescue package came less than a day after Credit Suisse clinched an emergency central bank loan of up to $54 billion to shore up its liquidity

Sebi looking for ways to plug gaps allowing founders to own stock options

The Securities and Exchange Board of India (SEBI) does not want founders to own stock options if they have rights akin to those enjoyed by promoters

Indian startups have deposits of about $1 bn in SVB: Deputy IT minister

Indian startups had deposits worth about $1 billion with embattled Silicon Valley Bank and the country's deputy IT minister said he had suggested that local banks lend more to them going ahead

Bank rescues ease crisis fears but investors worry it's not enough

The package came less than a day after Swiss bank Credit Suisse clinched an emergency central bank loan of up to $54 billion to shore up its liquidity

UBS Group, Credit Suisse oppose idea of forced merger, says report

Wall Street bank JPMorgan on Wednesday said that Credit Suisse's takeover by another lender, probably UBS, was the most likely scenario for the embattled bank