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Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion.
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Dow Jones Futures Fall: Markets Still Fragile After Credit Suisse Deal; First Republic Dives | Investor's Business Daily Investor's Business DailyCredit Suisse's Crisis Bloomberg Television'Shotgun wedding': What the UBS rescue of Credit Suisse means for global markets CNBCCredit Suisse Takeover by UBS Crosses a Debt Rubicon Bloomberg
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Even some of the most outstanding businesses are seeing their share prices come under pressure.
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USB agrees to merge with the troubled bank as part of an emergency deal engineered by the Swiss government.
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S&P cut its credit rating to B from BB on Sunday after first lowering it to junk status just last week.
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The deal was brokered by the Swiss government to try to contain a crisis of confidence in global financial markets.
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Will the Fed stop rate hikes? 5 things to know in Bitcoin this week CointelegraphFirst Mover Asia: Banking Instability Makes Bitcoin a Safe Bet CoinDesk5 Reasons Why Bitcoin Is Soaring Amid the Bank Panic. One Is Key for Stocks. Barron'sBitcoin hits $28k as uncertainty surrounds banks Cointelegraph
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Markets wobbled the morning after UBS said it would take over Credit Suisse in a deal arranged by Swiss regulators. In the United States, First Republic Bank remained under severe pressure.
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Plus, Ken Griffin vs Bill Ackman, a sell-off in European banks, and Alice Neel at the Barbican
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This resilient retailer expects its post-pandemic slowdown to continue.
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China's Xi arrives in Moscow for first visit since Russia invaded Ukraine CNNXi Jinping in Moscow live: Chinese President Xi Jinping arrives in Moscow amid Ukraine war | WION WIONPutin rips West as trying to stifle Russia, China's 'development,' while Xi arrives in Moscow Fox NewsThe real meaning of Xi's visit to Putin Financial TimesUkraine War: Xi's Putin Summit Doesn't Need to Pay Off Yet BloombergView Full Cove
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Circle's USD Coin ballooned to $55 billion because institutional investors trust it more than Tether. Then SVB collapsed holding billions of USDC's reserves and breaking the digital dollar. Finally, stablecoin regulation is coming.
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Should you keep investing now? Or hold off a while?
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Technology doesn't drive the speed of a bank run. It's how quickly people panic.
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For a long time, we navigated a world where historical trends built context and gave us the ability to plan for what we knew as "probable outcomes." We are now faced with the challenge of preparing for multiple potential futures.
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Raymond James says this sold-off solar stock could be due for a comeback CNBCWhat investors say on buying into tech rally, and what stocks to buy CNBCUBS rescue of Credit Suisse doesn't resolve the U.S. banking crisis CNBCTSLA shares and more: Wall Street's stocks to buy for the electric vehicle boom CNBCResist the urge to hide in cash. How to boost the yield in your portfolio, according to UBS CNBCView Full Coverage on Google News
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Credit Suisse, UBS, First Republic, New York Community, and More Market Movers Barron'sCredit Suisse Takeover by UBS Is a Bailout: El-Erian Bloomberg TelevisionNZD/USD bears are moving in to test H1 structure FXStreetCredit Suisse AT1 Bondholders Find Out Life's Unfair BloombergUBS is buying Credit Suisse in bid to halt banking crisis CNNView Full Coverage on Google News
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China's president wants to assert peacemaking credentials and stabilise relations with Europe
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Why a Trump indictment would have huge political and national implications CNNPoliticians respond to possible Trump arrest WGN NewsTrump likely to be indicted 'in a matter of days' MSNBCTrump Sweats an Arrest. We Should Sweat a Second Term. BloombergOpinion: Trump's risky call for protests CNNView Full Coverage on Google News
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Oil prices and global shares fell after UBS unveiled plans to buy its struggling Swiss rival Credit Suisse for $3.2 billion over the weekend.
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Trump could be arrested - key questions answered BBCPoliticians respond to possible Trump arrest WGN NewsTrump likely to be indicted 'in a matter of days' MSNBCTrump Sweats an Arrest. We Should Sweat a Second Term. BloombergOpinion: Trump's risky call for protests CNNView Full Coverage on Google News
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Former Taiwan President Ma Ying-jeou to make historic visit to mainland China CNNView Full Coverage on Google News
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Miami Beach Wants to Cancel Spring Break, Sets Curfew After Deadly Shootings The Wall Street JournalMiami Beach sets midnight curfew after second Spring Break fatal shooting CNNState of emergency declared in Miami Beach after deadly shootings NBC NewsIt's time for Miami Beach to drive a stake through Spring Break's heart. But how? | Opinion Miami HeraldMiami Beach hotelier slams city for embracing spring break 'carnival-like circus' after shootings Fox News
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Wedbush on Monday upgraded New York Community Bancorp Inc. NYCB to outperform from neutral based on its expected earnings boost from its acquisition of Signature Bank's loan and deposit portfolio, as announced by the Federal Deposit Insurance Corp. (FDIC). New York Community Bancorp is rallying 30% in premarket trades. New York Community Bancorp's Flagstar unit will operate Signature Bank's 40 branches starting Monday. "NYCB benefits from a sweetheart deal as FDIC priced the assets to move quickly," analyst David Chiaverini said in a research note. He estimated that New York Community Bancorp's earnings per share will get a 20% accretion from the Signature Bank deal. In exchange for the $2.7 billion discount on acquired loans, plus interest income from Signature Bank's loans and securities, NYCB will give up "only $300 million in equity appreciation rights to the FDIC, which we view as very favorable terms," he said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.
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UBS will take over beleaguered Credit Suisse, capping more than a week of speculation over the Swiss giant's fate.
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It is a mistake to think that depositors, bank executives, the media, and regulators can be counted on to behave rationally. Now we are in the midst of a global bank run crisis, and are learning about the cost of "excessive rationality-assumption bias."
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The $3.2 billion rescue deal came after a weekend of crunch talks, with the chairman of UBS describing it as "absolutely essential to ... global finance."
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