Credit Suisse is set to appoint Ulrich Körner as its new chief executive, taking over from Thomas Gottstein, whose departure will bring an end to one of the most tumultuous periods in the Swiss bank’s 166-year history. The appointment of Körner, who is head of the bank’s asset management division, is expected to be announced on
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An artist from Latvia is under investigation for allegedly selling NFTs, or non-fungible tokens, to launder money, for which he may get up to 12 years in prison. The authorities have blocked his bank accounts and launched an investigation without even notifying him. Artist Who Sold Over 3,500 NFTs Prosecuted for Money Laundering in Latvia
Municipals were firmer Tuesday ahead of the conclusion of the July Federal Open Market Committee meeting where a three-quarter point rate hike is likely, while U.S. Treasuries were weaker and equities sold off. Triple-A curves saw yields fall up to five basis points, depending on the scale, while U.S. Treasuries rose up to three basis
In this article CS Credit Suisse Chief Executive Thomas Gottstein addresses the Finanz und Wirtschaft Forum conference in Zurich, Switzerland, September 2, 2020. Arnd Wiegmann | Reuters Credit Suisse CEO Thomas Gottstein is about to step down from the embattled investment bank, the Wall Street Journal reported on Tuesday. The Zurich-based bank will soon announce
A new and relatively unknown DeFi token called BarnBridge (BOND) has rallied over 800% to reach $20 on July 26. The BOND price surge comes more than a month after bottoming out at around $2.19. In comparison, top coins, Bitcoin (BTC) and Ether (ETH) have only rebounded by 18% and 54% in the same period,
During the last few weeks, non-fungible token (NFT) sales have remained flat and data from the past seven days have shown NFT sales are down 8.11% lower than the week prior. Despite the downturn, a few NFT collections saw significant percentage increases in terms of sales as the collections like Electricsheep, Moonbirds, and Moonbirds Oddities
The latest version of a much-negotiated spending bill that Senate Democrats hope to pass before the end of next week features a provision that’s key to the stability of the nonprofit health care sector, market participants said. After passing the House in December as a $1.75 trillion Build Back Better legislation that encompassed President Joe
French satellite operator Eutelsat and money-losing UK start-up OneWeb are going for the moonshot: a merger that stakes their future on being able to compete with Elon Musk and Jeff Bezos. The deal, which was announced on Tuesday, involves an incumbent trying to stave off obsolescence by teaming up with a scrappy tech disrupter —
“There is no way to recreate the past,” says Robert Bell, whose eponymous landscape architecture firm is based in Washington, DC, Southampton, New York and Palm Beach, Florida. “But you can reinterpret historic gardens if you research what was there, while looking at the practicalities of today.” Just as houses have historic architectural styles, so
There are different routes to political greatness. Some lead by charisma. Others surf public opinion. David Trimble, the Northern Irish leader who died this week, was neither. He was something rarer: an anti-populist. The Ulsterman, often described as “prickly”, led his people along a hard, unpopular road to a better future. For UK politicians wrestling
andresr | E+ | Getty Images Covid-19 relief and record-low interest rates boosted many Americans’ finances during the pandemic. That has been especially true for millennials, who have on average built significant wealth. Millennials, born between 1981 and 1996, have more than doubled their total net worth, reaching $9.38 trillion in the first quarter of
Chicago Mayor Lori Lightfoot laid out three options to make over Soldier Field as part of the last-ditch effort to keep the National Football League’s Chicago Bears from leaving the nearly 100-year-old stadium for a new venue in the suburbs. The price tag ranges from $900 million to $2.2 billion, but the pitch lacked any
Germany is rethinking its plan to exit nuclear power by the end of the year, as concern increases that Russia’s moves to cut gas supplies could trigger a winter electricity crunch in Europe’s largest economy. A U-turn on nuclear power would mark a big departure in German energy policy. It would be a particularly bitter
press release PRESS RELEASE. Metaverse Project Genso is thrilled to announce the details regarding the Closed Beta Test. Details are as follows ■ Closed Beta Test Period: Starts: July 28, 2022 12:00 -（UTC+8） Ends: TBA ■ How to participate in the Closed Beta Test: ・All players who have Closed Alpha / Beta Testing Tickets will
The writer is a science commentator If there were a celebrity hierarchy of proteins, p53 would be its Kim Kardashian. The protein scuppers tumour growth: a lack of p53 — for example through a mutation in the gene that produces it — predisposes a person to cancer. It is, therefore, the most exhaustively studied protein
The U.S. Treasury curve remains inverted — a historical signal of a recession on the horizon — deepening the challenge that Federal Reserve faces to control inflation without pushing a weakening economy into recession, as traders position ahead of the Federal Open Market Committee’s rate hike decision Wednesday. The municipal market has been quiet this
The top bond counsel firms combined for a total of $200.965 billion in 4,673 transactions during the first half of the year, down from the $222.162 billion in 6,177 deals over the same period in 2021. Only two firms remained in the same spot at this point last year: Orrick Herrington & Sutcliffe and Norton
Seven days after the financial technology and bitcoin payments firm Zebedee announced it secured a $35 million capital raise, the company has revealed a new partnership deal with the mobile game studio Viker. The two companies have enhanced three classic video games with Zebedee’s bitcoin reward mechanics which include “Solitaire,” “Sudoku,” and the game “Missing
In this article MMM WMT GE Vehicles pass a Walmart store in Torrance, California, on Sunday, May 15, 2022. Bing Guan | Bloomberg | Getty Images Check out the companies making headlines in midday trading Tuesday. Walmart – Shares of Walmart slid more than 7% after the company cut its quarterly and full-year outlook, saying
Contractors work on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021. Micah Green | Bloomberg | Getty Images After two years of not being able to build homes fast enough to keep up with demand, the nation’s homebuilders are now experiencing a slowdown
Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home prices decline year over year if the economy goes into a recession, according to a new report from Redfin, a technology-powered real estate brokerage, which also found that relatively affordable Northern