Banking Selloff Goes Global After SVB Trouble. HSBC, BNP Paribas, UBS Tumble.

The selloff in the banking sector spread across the globe on Friday after SVB Financial Group said it was forced to unload assets at a loss following a decline in deposits. HSBC (ticker: HSBA.UK), Eur...

Asana, MongoDB, Silvergate, JD.com, GE, and More Stock Market Movers

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Credit Suisse Stock Is Falling. Annual Report Is Delayed After Call From SEC.

Credit Suisse shares were falling on Thursday after the Swiss lender said it is delaying the publication of its annual report. The stock was down 5.3% in Zurich trading. Credit Suisse (ticker: CS) Ame...

Credit Suisse, Just Eat, Alibaba, and More Market Movers

Text size Wall Street is quiet Monday with traders off for Martin Luther King Jr. Day. Yuki Iwamura/AFP via Getty Images Global stocks and U.S. stock-index futures drifted on Monday.  Investors remain...

Disney Stock Has a Tough Year Ahead. Investors Have Already Been Burned.

Walt Disney stock is an orphan. It’s too pricey for value investors, not expected to grow fast enough for growth investors, and ditched its dividend in 2020, putting it out of reach of income funds.  ...

Banks Get Burned by Risky Debt, Imperiling Buyout Activity

By Laura Cooper July 3, 2022 9:03 am ET Listen to article (2 minutes) Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the out...

Credit Suisse Warns of $500 Million Hit From Billionaire’s Lawsuit

Credit Suisse CS 0.49% Group AG is expected to pay around $500 million after losing a lawsuit brought by a Georgian billionaire who claimed the bank mismanaged his money. Credit Suisse has spent years...

Empty Private Jet Flights Hastened Credit Suisse Chairman António Horta-Osório’s Downfall

After relocating to Zurich last spring to run Credit Suisse Group AG CS -1.83% as chairman, António Horta-Osório flew to London and Lisbon for work meetings and business events, then spent time with h...

China’s XI Doesn’t Want the Fed to Raise Rates Either

China’s President Xi Jinping urged the world’s major economies not to rapidly raise interest rates at the virtual Davos summit, warning such action could threaten the global recovery. The yield on the...

Credit Suisse Chairman Quits After Breaching Covid-19 Rules

Text size António Horta-Osório, former chairman of Credit Suisse AFP via Getty Images Credit Suisse Chairman António Horta-Osório has resigned only 8 monthsafter being appointed, following a board inv...