UBS and Credit Suisse both saw their shares spiral after the former agreed to an emergency rescue of the latter.
As a company, Virgin Orbit has a very definitive goal, and that’s to deliver small commercial satellites to Earth’s orbit.
FDIC said that the deal between Signature and Flagstar would cost the Deposit Insurance Fund an estimated $2.5 billion.
Considering the influence of the US markets, other Asian banking regulators including the MAS have affirmed that the Swiss firm’s takeover will have no material impact on retail customers.
According to the data shared by Goldman Sachs, Bitcoin has gained as much as 51% in year-to-date absolute returns.
The terms of the deal between the two banks mean that Credit Suisse shareholders shall receive 1 UBS share for every 22.48 Credit Suisse shares.
As the Fed intervenes in order to prevent a crisis in the US banking system, analysts answer whether the Fed has chosen to pivot from its quantitative tightening measures.
In addition to seeking the grace period from Nasdaq, Astra also mentioned a possessive reverse stock split.
Senator Michael Bennet from Colorado said that Signature Bank didn’t make “prudentially sound” decisions while dealing with crypto. Other US lawmakers believe crypto is being made a scapegoat in the failed banking policies of the Fed.
Marathon Digital has also revealed the nature of its exposure to the now-defunct crypto-focused Silvergate Bank.
FedEx has hiked its 2023 earnings forecast as expenses have started reducing due to the cost-cutting initiative.
Embattled San Francisco-based First Republic saw its shares close up 10% Thursday on news of a bank group rescue deal.
Ozon Holdings has indicated that the delisting of its shares from Nasdaq does not impact its core business operations.
The six closures have combined assets under management (AUM) of less than $700,000.
After much thought, the ECB has increased interest rates by 50 basis points to stem sustainably high inflation.