News Corp, Alibaba, Applied Materials and more
Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Aly Song | Reuters Check out the companies making headlines in midday…
UBS ends Credit Suisse dependence on Swiss central bank loan
The logos of Swiss banks Credit Suisse and UBS on March 16, 2023 in Zurich, Switzerland. Arnd Wiegmann | Getty Images News | Getty Images UBS on Friday said that…
Swiss National Bank opts for smaller rate hike, but says more are likely
The Swiss National Bank opted for a smaller rate hike at its quarterly monetary policy meeting Thursday, but said further rises may be needed to bring inflation to target. The…
Why Charles Schwab became a financial ‘supermarket’
Charles Schwab Corp. is the largest publicly traded brokerage business in the United States with $7.5 trillion of client assets, and is a leading service provider for financial advisors, among…
Why wealthy Americans love UBS, the secretive Swiss banking giant
With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS is no stranger to blockbuster mergers. The modern company is…
European banks are stronger than their U.S. rivals, analysts say. Here’s why
The Faro office building at the Banco Santander SA headquarters on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty Images European banks are looking stronger and more attractive than…
Senior Loan Officer Opinion survey shows banks worried about slowdown
A First Republic Bank branch in New York City on May 4th, 2023. Adam Jeffery | CNBC Tumult in mid-sized institutions caused banks to tighten lending standards both to households…
We’re only in ‘AOL’ phase of AI, CEO says
Lionel Bonaventure | AFP | Getty Images Today’s artificial intelligence systems are akin to the dial-up internet of yesteryear, according to the CEO of one AI startup, who said the…
Swiss National Bank to face Credit Suisse and climate protests at fraught AGM
The Swiss National Bank has come into the spotlight following its assistance in UBS’ takeover of Credit Suisse. Bloomberg / Contributor / Getty Images The Swiss National Bank will hold…
Barclays Q1 2023 earnings
The headquarters of Barclays Plc beyond the West India Quay Docklands Light Railway station in the Canary Wharf financial district in London, UK, on Monday, March 20, 2023. Bloomberg |…