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FDIC disses Switzerland over approach to Credit Suisse collapse

FDIC disses Switzerland over approach to Credit Suisse collapse
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Economist El-Erian says the Fed has turned into a play-by-play commentator

The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic adviser at Allianz, said. ....

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Mohamed El-Erian Says 'Overly Data Dependent' Federal Reserve Has 'Turned Into A Play-By-Play Commentator'

El-Erian's critique follows recent comments from Fed policymakers, including Fed Chair Jerome Powell and Minneapolis Fed President Neel Kashkari, who have been cautious about rate cuts, leading to market volatility. ....

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UBS CEO says Credit Suisse will be a case study for big bank mergers

"I hope one day those kinds of mergers between big banks will be allowed and we can contribute to that by showing that it's possible," Sergio Ermotti said. ....

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