(Bloomberg) -- Global central banks witnessed no dash for dollars after uniting with the Federal Reserve to ease access to supplies of the US currency, an indication the latest bout of banking turmoil may not be causing undue stress to the financial system.
The UK’s production of oil and natural gas could be at risk from strike action in the coming weeks, according to the Unite union.
Osman Semerci, a once-rising star at Merrill Lynch & Co. until the unit he oversaw helped usher in the firm’s demise, is in the spotlight again.
The riskiest bonds of European lenders are plunging after holders of Credit Suisse Group AG’s contingent convertible securities suffered a historic loss as part of its takeover by UBS Group AG.
UBS Group AG shares slumped Monday as investors weighed the pitfalls of its historic acquisition of rival Credit Suisse Group AG, an undertaking that puts at risk the almost three-fold gain in the bigger bank’s share price since 2020.
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