In Your Interest
Image Credit: cryptomaniaks March 27, 2023 credit cryptomaniaks.com Bitcoin outperforms 97.6% of the 500 leading publicly traded companies in the U.S. Since March 10th, the price of bitcoin has risen by 37.06%. Bitcoin outperforms the YTD returns of 488 S&P companies, including FedEx, Apple, and Amazon. With the recent crash […]
March 27, 2023/Fitch Ratings The takeover of Credit Suisse by UBS avoids a full-blown banking crisis with sizeable spillovers to Switzerland’s public finances, but highlights how the sector represents a contingent liability risk for the sovereign, Fitch Ratings says. The fiscal cost of the authorities’ intervention will depend on how […]
March 27, 2023/Fitch Ratings The decision by Swiss authorities to fully write down Credit Suisse’s Additional Tier 1 (AT1) notes, without imposing full losses on the bank’s equity, does not imply that EU and UK authorities will treat insurers’ Restricted Tier 1 (RT1) instruments the same way, Fitch Ratings says. […]