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Money

Credit Suisse investors hit the panic button

Published

2 years ago

on

Investors are worried about the financial health of Credit Suisse after the bank’s shares plunged.

The bank’s Chief executive attempted to reassure investors last week, but his efforts seem to have fallen short.

Credit Suisse is due to unveil a restructuring plan at the end of the month, and many are concerned that it won’t be able to weather the storm.

Its shares fell by about 10%, before recovering slightly, after the bank’s boss failed to reassure investors.

Last week’s the bank’s CEO tried to reassure investors that the bank’s financial foundations are solid.

A report in the Financial Times claims that executives at the Swiss bank spent much of the weekend seeking to calm key stakeholders about its financial strength.

Shares in Credit Suisse have been sliding over the past year amid fear’s over the bank’s financial position.

In July, the bank announced a strategy review and replaced its chief executive with an asset management expert.

According to Reuters, the Bank of England is monitoring the situation together with Swiss regulators.

The bank has been hit by scandal after scandal.

And now the market moves suggest some investors believe the bank is running out of cash.

They can only hope the restructuring effort can right the ship.

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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Money

Biden is “discussing” support for Israel over Iran oil strike

Published

2 days ago

on

October 4, 2024

By

The Biden administration believes it’s still “appropriate” for Israel to continue its ground and air attacks on Hezbollah.

The Middle East is a tinder box as Israel retaliates to Iran’s bombing earlier this week as well as fighting Hamas, Hezbollah and the Houthis in Gaza, Lebanon and Yemen. But what are the economic and geo-political implications? #featured #trending

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Money

Defence shares rise to record high following Middle East attacks

Published

4 days ago

on

October 2, 2024

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Stocks retreated Tuesday, with rising tensions in the Middle East cooling investor momentum after a strong quarter.

Oil prices eased and stocks recovered some ground after initial reports, as hopes grew that damage from the attack and any Israeli response would remain limited.

This market drop underscores the delicate balance between geopolitical risk and economic optimism. #featured #trending

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U.S. Feds in no ‘hurry’ to cut rates as confidence in economy grows

Published

5 days ago

on

October 1, 2024

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Fed Reserve Chair Jerome Powell indicated the U.S. central bank was not “in a hurry” after new data boosted confidence in ongoing economic growth and consumer spending.

Fed Chair Jerome Powell says “disinflation has been broad-based,” and recent data suggests progress towards the Fed’s 2% inflation target.

Powell says the Fed is not rushing to lower rates but will make decisions based on how the economy evolves.

When asked about rate cuts, Powell says it’s a process that will “play out over time,” signalling a steady but cautious approach. #featured #trending

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