The Swiss decision has led some Credit Suisse AT1 bondholders to consider legal action and has created uncertainty for bondholders around the world. “We wanted to make it very clear to investors, to avoid being misunderstood: we have no choice but to respect this hierarchy,” the chairman of the EU’s Single Resolution Board told CNBC. … Read more
A view of a Canadian sportswear retailer’s Lululemon logo seen in one of their stores. Alex Tai | light flare | Getty Images Check out the companies making headlines on Wednesday at noon. Lululemon – Shares of the activewear company soared more than 13% after the company reported strong holiday quarter earnings and revenue that … Read more
In the wake of recent market volatility and sharp falls in share prices, Morgan Stanley warned that the European banking sector was “not as attractive as it used to be”. Shares of Deutsche Bank fell on Friday as concerns over the stability of European banks lingered after the forced acquisition of troubled Credit Suisse by … Read more
The surge in deposits moving from small banks to large institutions, including JPMorgan Chase and Wells Fargo, has slowed to a trickle in recent days, CNBC has learned. Deposit flight, which has rocked global markets and forced regulators to intervene to protect bank customers, began to improve around March 16, people with knowledge of the … Read more
