Thousands of UK jobs at risk after UBS takeover of Credit Suisse – The Guardian
The fate of thousands of jobs in London’s financial district is in doubt after the emergency merger of Swiss banks UBS and Credit Suisse. As...
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Case for Fed Pause Builds After Crisis-Echoing Move on Swaps – Bloomberg
The case for the Federal Reserve to forgo an interest-rate hike strengthened in the eyes of some central bank watchers following a coordinated global move...
Smaller Banks’ Critical Role in Economy Means Distress Raises Recession Risks – WSJ
Main Street businesses and American families are likely to find it harder to get a loan because of turmoil in the banking industry, denting economic...
Why People Are Worried About Banks – The New York Times
Banks are teetering as customers yank their deposits. Markets are seesawing as investors scurry towards safety. Regulators are scrambling after years of complacency. Fifteen years...
Global banking crisis: What just happened? – CNN
On March 10, the biggest failure of a US bank since the global financial crisis was playing out in real time as a major lender...
ChatGPT can ace logic tests now. But don’t ask it to be creative – The Washington Post
When the new version of the artificial intelligence tool ChatGPT arrived this week , I watched it do something impressive: solve logic puzzles. One after...
Slash interest rates and stop bond sales, ex-policymaker tells Bank of England – The Guardian
The Bank of England should slash interest rates and stop selling government bonds in the wake of the turmoil in the banking sector, a former...
The way we work is about to change – CNN
In just a few months, you’ll be able to ask a virtual assistant to transcribe meeting notes during a work call, summarize long email threads...
UBS agrees ’emergency rescue’ of Credit Suisse – BBC News
Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal. Sunday’s announcement came after a weekend of emergency talks...
Central banks announce dollar liquidity measures to ease banking crisis – The Financial Times
The Federal Reserve and five other leading central banks have taken fresh measures to improve global access to dollar liquidity as financial markets reel from...