The deal could be completed on Sunday if not earlier, the people said. Regulators have offered to waive the usual shareholder voting requirement to speed up the sale, one of the people said. Discussions were quick and a remaining sticking point was the ownership status of the major Swiss retail arm of Credit Suisse, the … Read more
On Wednesday morning, thousands of miles from US shores, a headline began to make its way across Europe and then onto Wall Street, sparking further panic as it dawned on investors that they might face another banking crisis. His comment triggered a sell-off, spreading from European banks to US stock index futures, leaving Dow industrialists … Read more
Rising interest rates and stock market volatility over the past year have added further appeal to high-yield savings accounts and certificates of deposit offered by banks. Then came the resounding bankruptcy of Silicon Valley Bank, the closure of Signature Bank and the array of regional banks under pressure, all within days. Depositors of the two … Read more