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Last updated: 05 Sep, 2017  
 Global Business

US stocks rise as markets digest UBS takeover of Credit Suisse
IANS | 20 Mar, 2023
US stocks rose on Monday as investors digested UBS's takeover of embattled Swiss lender Credit Suisse, according to a media report.
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CoCo bonds fall sharply over Credit Suisse deal
IANS | 20 Mar, 2023
Derivatives that track the value of riskier bank debt � the sort that is being wiped out in the Credit Suisse takeover � are falling sharply now, according to a media repor
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Mobile users to lose $58 bn in scam calls globally this year
IANS | 20 Mar, 2023
Mobile users are expected to lose a massive $58 billion to fraudulent scam calls globally this year, a report showed on Monday.
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European bank shares drop after Credit Suisse bailout
IANS | 20 Mar, 2023
European bank shares are proving volatile as investors remain concerned about wider problems in the industry.
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US Fed raised concerns about SVB at least four years before collapse
IANS | 20 Mar, 2023
The US Federal Reserve began sounding the alarm about Silicon Valley Bank's (SVB's) risk management arm starting at least four years ago in 2019, according to a report.
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$400 bn is the cost to rescue teetering global banks
IANS | 20 Mar, 2023
Lenders of last resort -- central banks -- and some of the industrys strongest players provided huge sums of emergency cash to support teetering banks since the globa
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Biden's $6.8 tn Budget faces hurdles in Congress as it proposes higher taxes on big biz
IANS | 18 Mar, 2023
US President Joe Biden's $6.8 trillion budget is unlikely to pass muster in the Republican-dominated House of Representatives as it proposes higher taxes on big businesses and the rich and elite, even as the Republicans are gridlocked with Democrats on the debt ceiling issue and are demanding spending cuts.
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Banks drag down Wall Street stocks
IANS | 18 Mar, 2023
Wall Street stocks have fallen, dragged down by banks. The S&P 500 financial sector index has lost 2.2 per cent while the KBW regional banking index has tumbled 3.8 per cent, the media reported.
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Swiss giant UBS in talks to take over all or part of Credit Suisse
IANS | 18 Mar, 2023
Swiss banking giant UBS is in discussions to take over all or part of Credit Suisse, after a day in which the troubled banking giant continued to see its share price fall despite a $ 54 billion cash injection, The Guardian reported.
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iPhone 15 Pro Max may feature thinnest screen bezels to date
IANS | 18 Mar, 2023
Tech giant Apple's upcoming iPhone 15 Pro Max smartphone will reportedly "break record" of the thinnest screen bezels to date.
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