“Fed Greenlights UBS Takeover: Credit Suisse US Subsidiaries Set for Major Acquisition!”
The Federal Reserve has given its approval for UBS Group AG to acquire the US subsidiaries of Credit Suisse Group. As part of the agreement, UBS has committed to provide the Fed with an implementation plan outlining the process for combining the US businesses of the two firms. This plan will be updated quarterly and […]
Breaking: US Stocks Plunge Last Hour After Fed Forecasts ‘Mild Recession’ Amid Banking Strain
US stock indexes experienced a downturn in the final trading hour on Wednesday, as earlier gains were overturned after the minutes from the Federal Reserve’s March policy meeting were released. The document revealed that policymakers are projecting that the US economy will enter a “mild recession” later in the year, as ongoing banking stress continues […]
“Job Market Soars, Fed’s 0.25% Rate Hike in May to Boost Economy Further!”
Despite the ongoing uncertainties brought on by the COVID-19 pandemic, the job market in the United States appears to be on the right track, both in terms of overall job creation and the recovery of sectors hardest hit by the crisis. By safely reopening the economy and stimulating further growth, the Federal Reserve may be […]