*GLOBAL STOCKS EDGE HIGHER TO START THE WEEK ON CREDIT SUISSE BUYOUT
In a little over a week, the fallout from the collapse of Silicon Valley Bank - which has roiled confidence in the banking system - has brought a globally systemic lender to its knees.
Central banks including the Fed, the European Central Bank and Bank of Japan pledged to deepen support for liquidity, by increasing the frequency of seven-day dollar-swap operations from weekly to daily. "The news overnight from Switzerland has helped," he said, though added that the central bank moves had also drawn attention to how deep troubles may run.
The Asia day offered an encouraging start, with Japanese yen cross-currency swaps, a measure of non-U.S. investor demand for dollars, shrinking to minus 35 basis points or half their levels last week, in another sign of respite in market funding conditions.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UBS in talks to acquire Credit Suisse -FT By Reuters*UBS IN TALKS TO TAKE OVER ALL OR PART OF CREDIT SUISSE AS SHARE PRICES FALL $UBS $CS 🇨🇭🇨🇭
Read more »
Credit Suisse weighs survival options as regulators push UBS deal By Reuters*CREDIT SUISSE MEETS TO WEIGH OPTIONS, UNDER PRESSURE TO MERGE WITH UBS $CS $UBS
Read more »
Credit Suisse faces crucial weekend with its future in balance By Reuters*CREDIT SUISSE FACES CRUCIAL WEEKEND WITH ITS FUTURE IN BALANCE $CS
Read more »
Crunch time for Credit Suisse talks as UBS seeks Swiss assurances By Reuters*CRUNCH TIME FOR CREDIT SUISSE AS UBS AND SWISS REGULATORS RUSH TO SEAL TAKEOVER DEAL AS SOON AS SUNDAY: REPORTS
Read more »
UBS seeks $6 billion in govt guarantees for Credit Suisse takeover -source By Reuters*UBS SEEKS $6B IN SWISS GOVERNMENT GUARANTEES AS WEEKEND TALKS ENTER CRUNCH TIME FOR CREDIT SUISSE TAKEOVER $UBS $CS 🇨🇭🇨🇭
Read more »
UBS offers to buy Credit Suisse for up to $1 billion - FT By Reuters⚠️BREAKING: *UBS OFFERS TO BUY CREDIT SUISSE FOR $1 BILLION IN SHARES, A FRACTION OF ITS MARKET VALUE $UBS $CS 🇨🇭🇨🇭
Read more »