Key Points
Bitcoin climbed to a nine-month high on Monday as turmoil in the banking sector drives some investors to turn to digital assets, as the cryptocurrency built on its best week in four years...
The biggest cryptocurrency rose as far as $28,567, its highest since mid-June, and was last up 0.9%, amid growing expectations that central banks would slow the pace of interest rate hikes...
Bitcoin rose 26% last week, its best weekly gain since April 2019, and has soared some 40% in 10 days as turmoil in the banking sector rippled around the globe culminating, so far, in UBS Groups takeover of rival Credit Suisse Group AG over the weekend...
Traditional assets such as banking stocks and bonds plummeted on Monday after UBS sealed its state-backed takeover of Credit Suisse, a deal orchestrated in an attempt to restore confidence in a battered sector...
Its stunning rally is the result of the banking crisis, and as the interest rate markets prices in rate cuts in the second half of 2023, said Tony Sycamore, an analyst at IG Markets, predicting a move towards $32,000 should bitcoin hold above the key support level about $25,000...
You might be interested in
Shares rise after Credit Suisse deal, but investors fear another surprise
21, Mar, 23Global shares rose after the rescue of Credit Suisse arrested a rout in bank stocks but signs of stress in the financial system are making investors wonder if another lender may deliver a surprise
UBS eyeing swoop for Credit Suisse amid fears of banking contagion
18, Mar, 23UBS AG was examining on Saturday a takeover of its embattled Swiss peer Credit Suisse sources said
Global banking crisis: Is the worst over?
20, Mar, 23The banking sector lurched into crisis earlier this month with failure of US lenders Silicon Valley Bank and Signature Bank before ensnaring its biggest name yet in Credit Suisse
9-month high: Bitcoin soars 40% in 10 days as bank turmoil sparks crypto rally
21, Mar, 23Cryptocurrency News: Bitcoin rose 26% last week, its best weekly gain since April 2019, and has soared some 40% in 10 days as turmoil in the banking sector rippled around
UBS examining takeover of Credit Suisse to stem banking turmoil, says report
18, Mar, 23The 167-year-old Credit Suisse is the biggest name ensnared in the market turmoil unleashed by the collapse of U.S. lenders Silicon Valley Bank and Signature Bank over the past week
Credit Suisse shares tank 63% on short-lived relief over rescue
20, Mar, 23Shares in Credit Suisse fell over 63% while UBS Group shares were down 12.9%. An index of bank stocks was down 5.8% at 0821 GMT. Deutsche Bank dropped 10.9% and Commerzbank was last down 8.5%. French banks BNP Paribas and Societe Generale saw declines of around 8.2% and 7.5%, respectively.
'Identify stress points, adverse exposures': What FM Sitharaman told state-run banks amid global turmoil
25, Mar, 23India Business News: With the global banking sector plunging into turmoil after the Silicon Valley Bank collapse in US, the Centre on Saturday asked all public sector len
UBS acquires Credit Suisse for $3.3 billion, chairman says will shrink loss-making investment bank unit
20, Mar, 23“It was indispensable that we acted quickly and find a solution as quickly as possible“ given that Credit Suisse is a systemically important bank, Swiss National Bank President Thomas Jordan said at a press conference late Sunday.
UBS in talks to acquire embattled Credit Suisse: Report
18, Mar, 23Switzerland's second largest bank Credit Suisse is under pressure following the collapse of two American banks which rocked the banking sector. By Friday, its shares had dropped by eight per cent.
To calm turmoil, UBS to buy Credit Suisse in $3.25 billion rescue deal
20, Mar, 23Banking giant UBS is buying troubled rival Credit Suisse for almost 325 bn in a deal orchestrated by regulators in an effort to avoid further marketshaking turmoil in the global banking system