Biden wants executives of failed banks held accountable
The president called on Congress to give regulators more authority to impose penalties on senior executives who may have mismanaged finances at banking institutions. (3-17-23)
The president called on Congress to give regulators more authority to impose penalties on senior executives who may have mismanaged finances at banking institutions. (3-17-23)
Suella Braverman was so impressed by the decor of the Rwanda homes being built for migrants deported from the UK that she joked she wanted the name of their interior designer.
Buffett has explained how to calm bank panics, warned that government guarantees distort markets, and underlined the vast fallout from small mistakes.
The Fed's aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.
When the economy gets wobbly, semiconductor stocks tend to struggle. After all, semiconductor companies have historically been cyclical, with booming sales when times are good -- as they were through much of the pandemic -- and busting when demand dries up. Consumer electronics chips are facing the dual headwinds of a gap in demand after many loaded up with a new phone or PC two years ago, and economic challenges caused by the Federal Reserve rapidly raising interest rates.
It seems like ages ago that a pandemic and massive supply glut forced oil prices to temporarily fall below zero, meaning that sellers were paying buyers to take their oil. It decimated stocks like oil major ExxonMobil (NYSE: XOM), which fell as much as 70% from its high. The lessons learned from this scenario can prepare investors for the next potential downturn in a historically cyclical industry.
The past year hasn't been easy for most people, and if you have money invested in the stock market, you've probably watched your portfolio sink to some degree. It can be tempting, then, to stop investing altogether until the market stabilizes -- especially as a recession is looking more likely. Nobody knows for certain what the future holds for the stock market, but more experts are betting on a recession.
At this point, many people are deep in the throes of finalizing their tax returns. The reality is that filing taxes on your own won't necessarily increase your audit risk, and using a tax preparer won't necessarily get you out of an audit. The U.S. tax code is loaded with credits and deductions that can help taxpayers save a lot of money.
Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS, angering bondholders on Sunday. FINMA, the Swiss regulator, said the decision would bolster the bank's capital. The move reflects authorities' desire to see private investors share the pain from Credit Suisse's troubles.
These supercharged income stocks, with an average yield of 11.47%, can generate $500 every three months from an initial investment of $17,500.
With inflation high and the market flailing, it can be challenging to figure out the best things to do with your money. "During economic downturns, it can be tempting to sell off your investment and...
The proposed all-share deal between Switzerland's two biggest banks is set to be signed as soon as Sunday evening, the report said, adding that the deal will be priced at a fraction of Credit Suisse's closing price on Friday. An offer was made on Sunday morning with a price of 0.25 Swiss francs ($0.27) a share to be paid in UBS stock, the newspaper said, citing people familiar with the matter. UBS has also insisted on a 'material adverse change' that voids the deal in the event its credit default spreads jump by 100 basis points or more, the report added.
Another rate hike? A pause? Here's what some financial heavyweights see the Fed doing with interest rates as fears of a banking crisis grow.
If you plan to deposit $10,000 or more into your checking account, there are a few things you should consider first. By law, banks have to report deposits that exceed a certain amount. See: Do You...
(Bloomberg) -- UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers. Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueWarren Buffett in Contact With Biden Team on Banking CrisisCredit Suisse Said to Push Back Against UBS’s $1
In this article, we will take a look at the 10 most undervalued defense stocks to buy according to hedge funds. To see more such companies, go directly to 5 Most Undervalued Defense Stocks To Buy According To Hedge Funds. The Russian invasion of Ukraine and President Biden’s pledge to continue helping Ukraine against the […]
In the brief but spectacular collapse of Silicon Valley Bank, we may just have witnessed the best banking crisis ever. It might even have been useful.
Dividend stocks outperformed non-dividend payers by a 2-to-1 ratio over the last several decades. According to data from Hartford Funds and Ned Davis Research, dividend stocks managed 9.6% average annualized total returns since 1973 compared to a 4.8% return for those that don't pay dividends. The best returns tend to come from dividend growers and initiators (10.7% average annual total return).
A Sunday report in the Financial Times said the offer price would be 0.25 Swiss francs a share, well below Credit Suisse's Friday closing price of 1.86 Swiss francs on Friday.
President Biden's Twitter account argued that billionaires in the U.S. only pay an average tax of 3% — a claim that invited disbelief from Twitter CEO Elon Musk.
Many investors could be kicking themselves for not following the multibillionaire's lead with this stock.