SoftBank Group Corp. announced a buyback of as much as ¥500 billion ($3.4 billion), an outlay that still leaves founder Masayoshi Son with a substantial pile of cash as he gears up toRead More
Norges Bank changes course on Magnificent seven The world’s largest investor in stocks has trimmed its exposure to the giant market winners from the artificial intelligence boom. Tweet on Norges Bank The world’sRead More
SoftBank Group has lain low over the past year as plunging tech stocks sank the company into two straight years of losses. The latest frenzy in artificial intelligence, got its flamboyant chairman, MasayoshiRead More
The New York Stock Exchange( NYSE) has suspended trading of First Republic Bank’s shares and started the process of delisting the stock. Tweet on NYSE First Bank suspension NYSE Suspends Trading of FirstRead More
Shares of First Republic Bank are plunging today! First Republic’s first-quarter earnings showed massive deposit losses, sending the stock plummeting. Those declines accelerated to more than 44% Tuesday afternoon after Bloomberg reported theRead More
The bank ended March with about 45,400 employees, down 6% from the end of 2022 but up 1% from March 2022. In December, the Wall Street Journal reported that Goldman planned to cutRead More
Shares of First Republic dropped over 7%! While other regional bank stocks were largely lower a day after Treasury Secretary Janet Yellen dashed hopes that the government might soon take steps to insureRead More
Is buying cryptocurrencies a good strategy during times of crisis? The idea may seem far-fetched, particularly because cryptocurrencies are themselves no strangers to the crisis. Tweet on crypto market Crypto Has Shined DuringRead More
Gold surges amid banking crisis! During intraday trading Monday, the most actively traded gold futures contract jumped above $2,000 a troy ounce, crossing its highest level since Russia’s invasion of Ukraine early lastRead More
UBS Group has taken over Credit Suisse’s $10 billion shipping portfolio as part of its emergency takeover on Sunday. Credit Suisse is the world’s 10th largest shipping bank, while UBS is largely notRead More
