Saudi Chairman of Credit Suisse's Largest Investor Resigns
Ammar al-Khudairy’s remarks about Saudi National Bank’s investment in the troubled lender set off an investor panic
Source: wsj.com
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The New UBS Is a Wealth Management Behemoth. That's a Risk.
Before the lightning takeover of Credit Suisse, UBS was a top global wealth manager. With Credit Suisse, it’s much larger. That’s a strength and a risk, as rivals move to poach the best advisors and ultrawealthy clients.
Source: barrons.com
The U.S. Might Be Losing Its Crown as the Go-To Spot for Global Investment
For those with no interest in democracy and with money to burn, America might be starting to look like a risky market.
Source: barrons.com
What Are AT1 Bonds, and Why Are They Risky?
Credit Suisse is just one issuer of AT1 bonds in recent years
Source: wsj.com
Deutsche Bank, Block, Coinbase, Ouster, and More Stock Market Movers
Deutsche Bank stock slides Friday and leads shares of European lenders lower, while Activision rises the most in the S&P 500 after the U.K. says it's no longer concerned Microsoft's acquisition of Activision would reduce competition in console gaming.
Source: barrons.com