Amazon enters into $8 billion unsecured loan
[ad_1] Amazon.com Inc. AMZN, +2.17% entered into a $8 billion unsecured loan with several lenders, the e-commerce giant said in a U.S. Securities and Exchange Commission filing Tuesday. The Seattle-based…
Goldman sharpens knife on headcount, bonuses along with other big banks
[ad_1] Goldman Sachs Group Inc. will cut bonuses by about 40% in the deepest belt-tightening move among the big U.S. banks, The Wall Street Journal reported Thursday. Goldman Sach’s GS,…
Japan financial stocks surge after BOJ loosens yield control
[ad_1] Japanese financial stocks rose sharply Tuesday after the Bank of Japan loosened its grip on the yield curve, allowing it to shift higher. Mitsubishi UFJ Financial Group Inc. 8306,…
Investors won’t see relief until 2024 in the form of Fed rate cuts, warns Credit Suisse
[ad_1] Global central banks already managed to “pop some of the pandemic-inspired bubbles” this year by tightening monetary policy, but investors may need to wait until 2024 for relief in…
Credit Suisse completes $2.4 billion capital raise as it advances cost cuts
[ad_1] Credit Suisse Group AG said Thursday that it completed its latest rights offering and had put into action around 80% of the cost cuts it planned for 2023, as…
JPMorgan looks at an ‘Armageddon scenario’ of the Fed jacking rates up to 6.5%. Its conclusion may be a surprise.
[ad_1] The market’s expectation is that the Federal Reserve will keep lifting its policy interest rate until it brings it to 5%, before pausing for some time. But it’s possible…
Citi on verge of agreement to get back what it accidentally paid to Revlon’s lenders, court filing shows
[ad_1] Finders keepers, losers weepers is not always the law of the land. Hedge funds are on the verge of reluctantly returning some $500 million that Citigroup C, -3.39% accidentally…
The market is getting in the way of the Fed pivot the market so badly wants, say Bank of America strategists
[ad_1] There’s nothing financial markets want more than a pivot from the Federal Reserve in its interest-rate hike campaign. There’s one key problem — the market itself. That’s according to…
Saudi crown prince set to invest in Credit Suisse’s new investment bank
[ad_1] Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s BCS, -0.89% former chief executive are among investors preparing to invest $1 billion or more into Credit…
Junk-rated companies have ‘meaningful exposure’ to Fed rate hikes, with one part ‘the root cause’ of vulnerability, warns Deutsche Bank
[ad_1] Junk-rated companies in the U.S. have “meaningful exposure” to interest rate hikes by the Federal Reserve, raising concerns over defaults as a potential recession looms, according to Jim Reid,…
Credit Suisse strikes deal to sell securitized-products group to Apollo
[ad_1] Credit Suisse Group AG has entered into definitive transaction agreements to sell a large part of its securitized-products group and other financing businesses to Apollo Global Management Inc. as…
Sweetgreen stock wilts as results, outlook disappoint
[ad_1] Sweetgreen Inc. shares fell in the extended session Tuesday after the locally sourced restaurant chain missed Wall Street expectations for the quarter, and warned that revenue will be at…
Credit Suisse bringing back ‘First Boston’ name as it plans up to 9,000 job cuts
[ad_1] Credit Suisse is bringing back the “First Boston” name after 17 years as the Swiss bank unveiled a sweeping restructuring that includes a big investment from Saudi Arabia, the…
Lloyds Banking Group profit tumbles 26% over amid impairment charge, challenging economy
[ad_1] Lloyds Banking Group PLC on Thursday reported a 26% fall in third-quarter pretax profit after booking an impairment charge due to the weakening economic outlook, but raised its interest…
Credit Suisse makes $2.98 billion debt-repurchase offers
[ad_1] Credit Suisse Group AG said Friday that it is offering to repurchase debt securities for a total of close to $3 billion as the troubled lender looks to manage…
Bank of America clients are buying the dip in U.S. stocks, shifting from cyclicals to defensive
[ad_1] In light of the recent U.S. stock market losses, Bank of America (BofA) saw more buying of equities among its clients during last week’s selloff, and there was a…
Global bonds are in first bear market in 76 years based on two centuries of data, says Deutsche Bank
[ad_1] It’s been a terrible year for financial markets and perhaps even more so when you weigh 2022 against more than two centuries of data. Global bonds are now in…
PayPal’s more ‘realistic’ setup sparks optimism
[ad_1] After making investors sweat for several quarters, PayPal Holdings Inc. faces a “more reasonable” bar, according to Deutsche Bank analyst Bryan Keene. He wrote in a Sunday note to…