There is no Banking Crisis in Europe, French Finance Boss Insists
Europe’s banking sector is not in crisis despite the collapse of two major players on the continent, a sector official in France has said.
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Crisis Averted? UBS Agrees To Buy Credit Suisse for $3.2 Billion
Authorities raced to get a deal in place before trading opened in Asia.
Report: Over 100 Tech Startups Could Go Public This Year
Over 100 tech startups valued at $1 billion with private funding, known as “unicorns,” could reportedly go public this year.
Puerto Rico Bankruptcy Puts Pressure on California, Illinois, Connecticut
Puerto Rico’s world-record $116 billion bankruptcy filing represents a massive liability risk for auditors who will likely demand that highly-indebted states — such as Connecticut, Illinois and California — disclose more liabilities, write down assets, and curtail debt issues.
Bitcoin Crushes Bank Fees in Emerging Economies
New evidence is emerging that virtual currencies and distributed ledgers, like bitcoin, are gaining strength in emerging economies by cutting out huge fees charged by local banks and financial institutions.
REPORT: Banks Admit They Want MORE EU Migration For Cheap Labour, A ‘Brexit’ Could HELP Smaller Euro Nations
Last week, mega bank UBS published a document entitled “The Future of Europe”, written by analysts in its Chief Investment Office. The message of the report is clear: we need more migrants for cheaper labour in Europe, or big, corporate profits will
Aspergers Sufferer Jailed After Libor Rate Rigging Probe, $450 Trillion Affected
Ex-trader Tom Hayes was sentenced to 14 years in jail by a London court on Monday after being found guilty of conspiring to rig Libor benchmark interest rates following a seven-year global investigation. After a nine-week trial and seven days
Tesla: UBS ‘Sell’ Recommendation Tanks Stock by -5.5%
In an almost unheard-of action for a Wall Street investment banking firm, UBS downgraded Tesla Motors Inc. (TSLA-$267.39) to a “sell”, driving the price of the shares down 5.5 percent, or -15.49.
