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UBS and Credit Suisse: similar Swiss banks with differing fortunes
UBS and Credit Suisse, the two biggest banks in Switzerland, are in takeover talks, according to several media -- a move long deemed unthinkable as the pair are so similar. Investment banking represents 25.2 percent of UBS's turnover, compared to nearly 20.6 percent at Credit Suisse, with the pair running many similar activities such as mergers and acquisitions advice.
UBS in talks to save Credit Suisse
Credit Suisse is in advanced talks with its larger Swiss rival UBS about a deal to salvage Switzerland's second-biggest bank, in a bid to reassure investors before the markets open next week, several media reported Saturday.
Latin finance ministers meet in Panama under shadow of US bank crisis
Top financial officials from Latin American and Caribbean countries are meeting Saturday in an annual conclave of the Inter-American Development Bank (IDB), after a week overshadowed by the banking crisis in the United States and Europe.
Crunch weekend for crisis-hit Credit Suisse
Troubled Credit Suisse has two days to reassure before the markets open Monday with the spectre of a new turbulent week in global finance looming. After a turbulent week on the stock market which forced the SNB to step in with a $53.7 billion lifeline, Credit Suisse was worth just over $8.7 billion on Friday evening.
Censorship or evolution? 'Sensitivity readers' divide publishing world
It's a profession which is increasingly under the spotlight as the culture wars rumble on: "sensitivity readers" -- editors who identify insensitivities or stereotypes in manuscripts -- are becoming a lightning rod for the publishing industry.
Huawei has replaced thousands of US-banned parts with Chinese versions: founder
Chinese technology giant Huawei has replaced thousands of product components banned by the United States with homegrown versions, its founder has said, according to a transcript of a recent speech released by a Shanghai university.
JPMorgan's Jamie Dimon plays key role in bank rescue, in echo of 2008
Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue effort this week -- a situation sparking reminders of 2008. And Dimon, 67, played an important role in the plan.
In US, 'tip fatigue' raises questions about sacrosanct habit
To tip, or not to tip? As a result, "trying to figure out like, when to tip, when not to tip, what is the appropriate tip, is it like always 20 percent now?
Musk says code for recommending tweets will be public
Twitter owner Elon Musk on Friday put out word that he will make public the long-secret algorithm for recommending tweets. Making the code open source would mean developers, including aspiring rivals, would be able to put their own spins on the algorithm, according to a foundation for the software ecosystem.
AFP
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