March 21 (Reuters) – UBS (UBSG.S) is set to enter talks with Michael Klein to terminate a deal that would have seen the Wall Street dealmaker take control of much of Credit Suisse’s (CSGN.S) investment bank, the Financial Times reported on Tuesday. UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 ...

LAUSANNE, Switzerland, March 21 (Reuters) – Goldman Sachs expects a commodities supercycle driven by China and the capital flight from energy markets and investment this month after concerns triggered by the banking sector, the U.S. bank’s head of commodities said. “As losses mounted, it spilled into commodities,” Jeff Currie, global head of commodities for Goldman ...

Brent, WTI hit lowest in 15 months Uncertainty reigns as Fed considers interest rate hike U.S. Fed begins two-day meeting on Tuesday G7 to hold off revising Russian oil price cap – EU officials NEW YORK, March 20 (Reuters) – Oil prices rebounded and rose over 1% on Monday after diving to their lowest levels ...

NEW YORK, March 17 (Reuters) – Investors are increasingly seeking insurance against a sudden crash in stocks, fearing that more tumult is in store for markets after worries over the banking system shook asset prices over the last week. Various measures of perceived tail risk – the possibility of suffering large investment losses due to ...

March 17 (Reuters) – A $30 billion lifeline for First Republic Bank (FRC.N) hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled U.S. lender’s shares showed investors were still worried about cracks in the sector. Large U.S. banks injected the funds into San Francisco-based bank on ...

March 15 (Reuters) – The top U.S. markets regulator on Wednesday proposed a suite of new policies designed to harden the financial system against hacking, data theft and systems failure. With some dissents from Republican members, the Securities and Exchange Commission’s (SEC) five members voted at a public meeting to propose rules on protecting consumer ...

March 14 (Reuters) – Bruised U.S. bank stocks regained some ground on Tuesday, as a sell-off sparked by Silicon Valley Bank’s collapse gave way to bargain-hunting by investors hopeful that efforts to shore up confidence would avert a wider financial crisis. DEVELOPMENTS * Ratings agency Moody’s cut its outlook on the U.S. banking system to ...

March 14 (Reuters) – U.S. bank stocks jumped on Tuesday, recovering some ground after the failure of Silicon Valley Bank and Signature Bank triggered heavy selling by investors who were already anxious about the impact on lenders of rising interest rates. Worries about potential contagion had also slammed bank shares in Asia and Europe as ...

NEW YORK, March 14 (Reuters) – The dollar edged higher on Tuesday as traders set aside a fairly strong reading of consumer price data and tried to gauge whether the Federal Reserve will hike interest rates next week after the collapse of two banks sparked widespread market unease. The dollar index , a measure of ...

Profit rises five fold Sees trading volumes to remain robust Rates business rose 11% March 14 (Reuters) – TP ICAP (TCAPI.L), the world’s biggest interdealer broker, raised its dividend by 30% on Tuesday after its annual profit beat market expectations, and said it expects trading volumes to remain robust in 2023. Trading platforms such as ...