The demise of Credit Suisse, one of Europe’s most important banks, looked like it might spark a new financial crisis. After years of scandals involving cocaine smugglers and corporate espionage, the last week of the 166-year-old bank’s history was a rush to prevent the worst-case scenario, and resulted in a multi-billion-dollar deal with UBS that
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After UBS agreed to spend $3.25bn to rescue its rival Credit Suisse, executives are trying to move past the risks and sell investors on the benefits of the shotgun marriage. Read more at https://on.ft.com/3LK94rb #banking #UBS #creditsuisse See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132.
Methane has 80 times the global warming power of carbon dioxide, and huge amounts spew into the atmosphere daily. In this segment from Getting Warmer, Kal Penn breaks down what you need to know about the gas, the surprising places it’s leaking from and why fixing methane leaks is one of the quickest and cheapest
Alistair Berg | Digitalvision | Getty Images Death and taxes are, as Benjamin Franklin famously declared, two of life’s certainties. Investment fees may be a worthy addition to that list in the modern era — though not all investors are aware of this near-universal fact. The fees financial services firms charge can be murky. One-fifth
Mireya Acierto | Photodisc | Getty Images It’s not unusual for wealthy taxpayers to relocate from high-tax states to low-tax states. There’s evidence in population trends: Texas and Florida — neither of which have a state income tax — were the states with the biggest population increases from 2020 to 2021, according to the latest
In this article VTY-GB Follow your favorite stocksCREATE FREE ACCOUNT A contractor operates a roller on the construction site of the HS2 Ltd. Old Oak Common super-hub railway station, in view of the Vistry Partnerships regeneration project Oaklands House, in London, U.K., on Wednesday, June 23, 2021. Luke McGregor | Bloomberg | Getty Images Company:
A private island in Palm Beach could become the most-expensive home ever sold in Florida, if it gets its asking price of $218 million. Developer Todd Michael Glaser and his partners bought 10 Tarpon Isle — the only private island in Palm Beach — for $85 million in 2021. They built a brand new house,
The Transportation Security Administration — or TSA — employs more than 1,000 explosives detection canine teams at any given time. But before they’re deployed to one of the many mass-transit sites across the United States, they must graduate from the TSA National Explosives Detection Canine Program. Insider spent a day with the program at the
Michael Urban, Chief Sustainability Strategist for the Lombard Odier Group explains the nine planetary boundaries we live within, how they interact with each other, and what could happen when we cross them. #sustainability #enviroment #investing See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132. ► To
There’s more hope than ever that prosthetics will have proprioception as good as ours one day. Mathematician Hannah Fry delves into the evolution of artificial limbs. — Do you want to know what your future holds? A life beyond 150 years old? A world where computers can read our emotions? A planet transformed by unlimited
How much sugar should you eat? The FDA wants to tell you, but the sugar industry has spent $168 million fighting measures like this since 2009.
First Republic Bank headquarters is seen on March 16, 2023 in San Francisco, California, United States. Tayfun Coskun | Anadolu Agency | Getty Images The surge of deposits moving from smaller banks to big institutions including JPMorgan Chase and Wells Fargo amid fears over the stability of regional lenders has slowed to a trickle in
Supporters wave signs during an address at the Time Warner Cable Arena in Charlotte, North Carolina, on September 5, 2012 on the second day of the Democratic National Convention (DNC). Mladin Antonov | AFP | Getty Images DETROIT – United Auto Workers members have ousted their president in the union’s first direct election, ushering in
Fg Trade Latin | E+ | Getty Images Families will soon find college acceptance letters in their mailboxes. As students weigh where to attend, making sure they won’t borrow too much is key, experts say. The consequences of taking on too much student debt can be severe. “If you borrow too much, you will have
Momo Productions | Digitalvision | Getty Images Parents with young kids or those expecting a child may wonder: What financial steps should I take to set my family up for success? Here are four of the top considerations, according to Rianka Dorsainvil, a certified financial planner and co-CEO of 2050 Wealth Partners. Dorsainvil is also
Dima_sidelnikov | Istock | Getty Images Recent headlines underscore the fragility of the stock market and, along with it, the ability for many investors to make reasonable decisions about their retirement readiness. Many who recall the violent reaction their portfolios had in the Dot Com Bubble and the Financial Crisis would prefer to avoid the
Rep. Patrick McHenry (R-NC) and Chairman of the House Financial Service Committee Maxine Waters (D-CA) listen as David Marcus, CEO of Facebook’s Calibra, testifies on “Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System” on Capitol Hill in Washington, U.S., July 17, 2019. Joshua Roberts | Reuters WASHINGTON —
In this article SPIR Follow your favorite stocksCREATE FREE ACCOUNT Spire Global at the New York Stock Exchange, August 17, 2021. Source: NYSE A pair of space companies received delisting warnings on Friday, according to securities filings, as both ventures’ stock prices stood below $1 a share. Small satellite builder and data specialist Spire Global
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A whistleblower’s greenwashing allegations, and the impact they’ve had Last year Desiree Fixler was fired from her position as head of sustainability at German asset manager DWS. She says her dismissal came after she warned the company it was overstating its sustainable investment credentials. DWS has always denied Fixler’s allegations, but what impact have her
TerraCycle promises to make use of plastic garbage that almost no one else wants to touch, like cigarette butts and diapers. But does it actually get recycled? Kal Penn meets the company’s founder, Tom Szaky. — Getting Warmer is Bloomberg’s exclusive new show about climate, clean energy and business, anchored by actor and former White
Andrew Bret Wallis | The Image Bank | Getty Images For retirees, health-care costs can be among the most unpredictable expenses they face over the course of their golden years. While many of them worry about affording their monthly Medicare premiums, their bigger concern is their out-of-pocket costs, recent research from eHealth shows. Fully 75%
Getty Images The tax deadline is approaching, and there are still a few ways to reduce your 2022 bill or boost your refund, experts say. Once the calendar year ends, “the toolbox of options is much smaller,” said certified financial planner John Loyd, owner at The Wealth Planner in Fort Worth, Texas. He is also
Mark Zuckerberg’s has long been fascinated with Ancient Rome. Now he has his very own triumvirate. The Facebook co-founder on Friday announced the birth of his third child, revealing that he and his wife Priscilla Chan Zuckerberg have named the baby Aurelia. Zuckerberg shared the first photo of his newborn in an Instagram post, calling
A First Citizens Bank branch in Dunwoody, Georgia, on Thursday, March 23, 2023. Elijah Nouvelage | Bloomberg | Getty Images Regulators again assured the public that the banking system is safe, as fresh data showed customers recently pulled nearly $100 billion in deposits. Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell and more than
In this article F Follow your favorite stocksCREATE FREE ACCOUNT The badge of a Ford Motor Co. E-Transit electric vehicle during a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021. Al Drago | Bloomberg | Getty Images Ford Motor said Thursday its electric vehicle business lost $2.1 billion last year on an operating
In this article ETSY Follow your favorite stocksCREATE FREE ACCOUNT The Depop application on a smartphone arranged on Wednesday, June 2, 2021. Gabby Jones | Bloomberg | Getty Images Six months after launching his secondhand clothing shop on digital marketplace Depop in 2020, Blake Robertson, a 15-year-old high schooler at the time, received a death
When it comes to the U.S. economy, confidence is key. But the banking crisis has threatened to upset how most people feel about their financial picture. “The bank problems are probably making a lot of people think twice,” said Diana Furchtgott-Roth, an economics professor at George Washington University and former chief economist at the U.S. Department of
As a young, avid collector of luxury watches, Austen Chu said he was scammed “many times” when he bought timepieces from the secondary watch market. “Once, I bought a watch which had a dented dial and the seller told me that the dial got dented during shipping,” Chu recalled. And he believed it. But now,
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