KrossKinetic/all_news_finance_jsonl huggingface dataset:
It Turns Out That JPMorgan Bought the Nickel That Turned Out to Be Stones
JPMorgan Chase owned bags of material kept in a Dutch warehouse that were supposed to contain nickel but turned out to be full of stones, people familiar with the matter said.
The London Metal Exchange said last week that sacks thought to hold 54 metric tons of nickel in an unnamed warehouse had [f
(wsj.com, 2023-03-20T20:10:48.393Z)
SVB Chief Becker Hires Defense Lawyers in Securities Fraud Suit
Silicon Valley Bank Chief Executive Officer Greg Becker has hired defense lawyers for a shareholder suit accusing him and the bank of securities fraud.
(bloomberg.com, 2023-03-20T18:46:13.856Z)
World can still avoid worst of climate collapse with genuine change, IPCC says
Positive framing of otherwise grim report a counterblast to those who dismiss hopes of limiting global heating to 1.5C
(theguardian.com, 2023-03-20T18:41:06.223Z)
Signature Bank Threw a Fundraiser for the Congressman Now Probing How It Failed
Ten days before Signature Bank collapsed, the House Republican overseeing an inquiry into the bank’s failure was inside its boardroom on New York’s Fifth Avenue.
(bloomberg.com, 2023-03-20T17:21:48.064Z)
Cardano : Hoskinson, s'en prend aux politiciens blâmant la crise bancaire sur la crypto
Le créateur de Cardano (ADA), Charles Hoskinson, critique les politiciens qui blâment l'industrie de la crypto pour la crise bancaire américaine.
(coinacademy.fr, 2023-03-20T17:19:49.067Z)
Cardano Gearing Up For Recovery As ADA Whales Become Active Again | Bitcoinist.com
Cardano whale activity has seen an uptick despite a slight pullback in price. The network which remains one of the top competitors for the leading smart
(bitcoinist.com, 2023-03-20T17:18:21.068Z)
Federal Reserve Faces Tough Decision on Rate Increase
Central-bank officials must balance inflation concerns with new worries about spillovers from banking turmoil.
(wsj.com, 2023-03-20T16:50:59.002Z)
Banking crisis: What it means for interest rates
Cliff Taylor: Will cost of mortgages continue to climb?
(irishtimes.com, 2023-03-20T16:23:23.320Z)
Swiss solve one problem at Credit Suisse, but create another for bondholders | Nils Pratley
Decision over bonds rips up convention and could undermine confidence in banking system
(theguardian.com, 2023-03-20T16:06:36.239Z)
Credit Suisse AT1 bondholders consider possible legal action -law firm
Lawyers from Switzerland, the United States and UK are talking to a number of Credit Suisse Additional Tier 1 (AT1) bond holders about possible legal action after the state-backed rescue of Credit Suisse by UBS wiped out AT1 bonds, law firm Quinn Emanuel Urquhart & Sullivan said on Monday.
(reuters.com, 2023-03-20T16:03:31.540Z)
Small Businesses Stress-Test Their Banks After Silicon Valley Bank’s Collapse
Some entrepreneurs are asking tough questions or shifting deposits. “I think we need to analyze banks just like they analyze us,” a restaurateur said.
(wsj.com, 2023-03-20T14:23:53.931Z)
The $17 billion wipeout of Credit Suisse bondholders has not gone down well in Europe
Credit Suisse’s additional tier one bonds are set to be wiped out following the struggling bank’s takeover by UBS. 
(cnbc.com, 2023-03-20T13:44:03.754Z)
Credit Suisse’s Fate Was Sealed by Regulators Days Before UBS Deal
The Swiss bank had no choice but to accept a marriage of convenience with its rival after a crisis of confidence swept across debt markets.
(bloomberg.com, 2023-03-20T13:16:00.848Z)
North Sea oil and gas workers vote to strike amid bumper profits
Series of actions planned this spring as union members call for more pay since firms are ‘raking it’
(theguardian.com, 2023-03-20T13:11:07.975Z)
ECB seeks to soothe nerves over wipeout of Credit Suisse bondholders
European banks ‘are resilient’, say authorities amid upheaval
(irishtimes.com, 2023-03-20T12:46:33.748Z)
Russian oil output reaches record high in 2018
Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) last year on an annual average basis, data from its energy ministry showed on Wednesday.
(reuters.com, 2023-03-20T12:39:13.447Z)
European bank supervisors step in to stem rout in bonds
European supervisors tried to stop a rout in the market for convertible bank bonds on Monday, saying owners of this type of debt would only suffer losses after shareholders have been wiped out - unlike what happened at Credit Suisse .
(reuters.com, 2023-03-20T12:34:48.922Z)
Credit Suisse’s Death Gives Birth to New Type of Bank Crisis
Solid ratios were no defense against a rapid loss of confidence at the Swiss lender, and the way it is being unwound sparks fresh banking sector fears.
(wsj.com, 2023-03-20T12:28:57.642Z)
Opinion | The U.S. Needs Economic Regime Change
The cost of stopping inflation would have been lower if the Fed had faced the problem earlier.
(wsj.com, 2023-03-20T09:50:30.741Z)
Wall Street strengthens after big bank deal, regulator moves
NEW YORK (AP) — Wall Street is rising Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry.  The S&amp;P 500 was 0.8% higher in midday trading, with stocks in the financial industry helping to lead widespread gains. 
(apnews.com, 2023-03-20T08:43:05.735Z)
Investors consider legal action over Credit Suisse deal; Downing Street says UK banking system is safe – business live
Holders of riskier AT1 bonds, which are wiped out under deal with UBS, consider legal action.
(theguardian.com, 2023-03-20T07:42:01.737Z)
Bitcoin climbs to 9-month high as bank turmoil sparks rally
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.
(reuters.com, 2023-03-20T07:19:31.607Z)
‘Ukraine is a false justification’: America’s destructive new rush for natural gas
As the war in Ukraine sent natural gas prices skyrocketing, liquid natural gas (LNG) plants are springing up all along the fragile Gulf Coast – seriously harming not just local communities but the world’s ability to keep the entire climate crisis at bay
(theguardian.com, 2023-03-20T06:36:14.015Z)
Credit Suisse Bond-Wipeout Threatens $250 Billion Market
The deal would write down more than $17 billion of the bank’s riskiest bonds.
(wsj.com, 2023-03-20T06:10:55.847Z)
Liquidity flood pushes bitcoin to brink of new bull run
The Federal Reserve’s pivot has fired the starting gun on a new bull run for bitcoin prices and the collapse of bond yields suggests bitcoin’s resurgence has legs.
(afr.com, 2023-03-20T04:45:30.679Z)
HSBC Shares Tumble in Hong Kong on Risky Bond Exposure Concerns
Shares of European banks traded in Asia tumbled Monday, as investors weighed a collapse in the value of additional tier 1 bonds issued by lenders following the terms of the Credit Suisse Group AG’s rescue.
(bloomberg.com, 2023-03-20T04:12:42.493Z)
Riskiest bonds for some Asian banks fall by record on Credit Suisse rescue deal
UBS' takeover will trigger a complete write-down of Credit Suisse's additional tier 1 bonds worth about 16 billion francs. Read more at straitstimes.com.
(straitstimes.com, 2023-03-20T03:52:26.514Z)
Bitcoin rises above $28,000 for first time since June
The largest digital asset topped $28,000 for the first time since June 2022, trading for as much as $28,258 on Sunday
(livemint.com, 2023-03-20T03:15:48.492Z)
Relief over Credit Suisse deal crumbles as focus shifts to bond risks
Banking stocks tumbled on Monday as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival UBS Group gave way to new worries about the risks of high-yield debt issued by big banks.
(reuters.com, 2023-03-20T02:48:40.083Z)
Risky Credit Suisse Bond Wipeout Upends $275 Billion Market
Among the biggest losers in the shotgun sale of Credit Suisse Group AG are investors in the firm’s riskiest bonds, known as AT1s, worth $17 billion.
(bloomberg.com, 2023-03-20T02:17:52.700Z)
NSW teals change tack as polls predict poor result
A state-based voting system where voters have the option to give preferences has put Climate 200-backed independents at tough odds of winning seats.
(afr.com, 2023-03-20T00:25:20.282Z)
Curing Credit Suisse Should Contain the Chaos
As the government-preferred buyer, UBS had a strong hand and drove a very hard deal.
(bloomberg.com, 2023-03-19T22:57:21.231Z)
Stock Market Today: Dow Futures Waver After UBS Agrees to Buy Credit Suisse
Live updates of what's moving markets, including the Dow, S&P 500 and Nasdaq Composite.
(wsj.com, 2023-03-19T22:36:25.215Z)
WSJ News Exclusive | Fed Raised Concerns About SVB’s Risk Management in 2019
The Federal Reserve raised concerns about risk management at Silicon Valley Bank starting at least four years ago, documents show.
(wsj.com, 2023-03-19T22:01:44.245Z)
Here Are Key Takeaways From UBS’s Historic Credit Suisse Deal
An emergency ordinance, a government backstop, and shareholders coming out better than some bondholders: UBS Group AG’s government-brokered deal to buy Credit Suisse Group AG is historic, complex and unique.
(bloomberg.com, 2023-03-19T21:54:00.072Z)
Banking giant UBS acquiring Credit Suisse for $3.2 billion
Banking giant UBS is acquiring Credit Suisse to try to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced.
(latimes.com, 2023-03-19T21:42:49.733Z)
Credit Suisse says $17 billion debt worthless, angering bondholders
Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS , angering bondholders on Sunday.
(reuters.com, 2023-03-19T21:30:09.368Z)
Bitcoin hits $28k as uncertainty surrounds banks
The leading cryptocurrency is trading at $28,063 on March 19, a 2.4% increase in the past 24 hours.
(cointelegraph.com, 2023-03-19T21:21:55.922Z)
Credit Suisse’s $17 Billion of Risky Bonds Are Now Worthless
Holders of Credit Suisse Group AG bonds suffered a historic loss when a takeover by UBS Group AG wiped out about 16 billion Swiss francs ($17.3 billion) worth of risky notes.
(bloomberg.com, 2023-03-19T19:24:33.284Z)
FDIC to relaunch sale of Silicon Valley Bank, moves toward break-up plan 
The U.S. Federal Deposit Insurance Corp is planning to relaunch the sale process for Silicon Valley Bank after failing to attract buyers in its latest auction.
(cnbc.com, 2023-03-19T19:24:20.316Z)
UBS to buy Credit Suisse for nearly $3.25B to calm turmoil
GENEVA (AP) — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system. 
(apnews.com, 2023-03-19T19:03:21.737Z)
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
The $3.2 billion rescue deal came after a weekend of crunch talks, with the chairman of UBS describing it as "absolutely essential to ... global finance." 
(cnbc.com, 2023-03-19T18:47:42.271Z)
UBS Agrees to Buy Credit Suisse in Historic Deal to End Crisis
UBS Group AG agreed to buy Credit Suisse Group AG in a historic, government-brokered deal aimed at containing a crisis of confidence that threatened to spread across global financial markets.
(bloomberg.com, 2023-03-19T17:17:35.807Z)
Riskiest Credit Suisse Bonds Pare Gains on Nationalization Talk
Credit Suisse Group AG’s riskiest bonds pared their advance on Sunday on concern that Swiss authorities may need to nationalize the bank if a deal with UBS Group AG falls through. If that happens, the bonds will likely be wiped-out as part of the rescue plan.
(bloomberg.com, 2023-03-19T14:49:39.970Z)
UBS offers to buy embattled Credit Suisse for $1 billion: report
Swiss banking giant UBS offered to buy its rival Credit Suisse for $1 billion as Swiss authorities push for a deal in a bid to help restore faith in banking system.
(foxbusiness.com, 2023-03-19T14:45:46.648Z)
Switzerland Weighs Full or Partial Credit Suisse Nationalization
Swiss authorities are considering a full or partial nationalization of Credit Suisse Group AG as the only other viable option outside a UBS Group AG takeover, according to people with knowledge of the matter.
(bloomberg.com, 2023-03-19T14:45:21.796Z)
Exclusive: Swiss authorities mull imposing losses on Credit Suisse bondholders
Swiss authorities are examining imposing losses on Credit Suisse bondholders as part of a rescue of the bank, two sources with knowledge of the matter said on Sunday.
(reuters.com, 2023-03-19T14:23:58.992Z)
Why US regulators let banks lose billions — as long as losses are 'unrealized'
The danger posed by paper losses on bonds is newly relevant with the failure of Silicon Valley Bank. The debate about their treatment goes back decades.
(yahoo.com, 2023-03-19T14:17:43.356Z)
Higher cancer rates found in military pilots, ground crews
WASHINGTON (AP) — A Pentagon study  has found high rates of cancer among military pilots and for the first time has shown that ground crews who fuel, maintain and launch those aircraft are also getting sick. 
(apnews.com, 2023-03-19T13:46:56.745Z)
Slash interest rates and stop bond sales, ex-policymaker tells Bank of England
Exclusive: David Blanchflower urges rethink after collapse of Silicon Valley Bank and lifeline thrown to Credit Suisse
(theguardian.com, 2023-03-19T13:36:02.682Z)
UBS Agrees to Buy Credit Suisse for More Than $3 Billion
The deal was engineered by regulators and is designed to restore trust in the banking system.
(wsj.com, 2023-03-19T13:16:55.053Z)
Credit Suisse Said to Push Back Against UBS’s $1 Billion Offer
UBS Group AG is offering to buy Credit Suisse Group AG for as much as $1 billion, a deal that the troubled Swiss firm is pushing back on with backing from its biggest shareholder.
(bloomberg.com, 2023-03-19T13:00:54.354Z)
UBS offers to buy Credit Suisse for 'substantially' more than $1 billion, sources say
A sale to UBS comes after Credit Suisse shares logged their worst weekly decline since the onset of the coronavirus pandemic.
(cnbc.com, 2023-03-19T12:28:15.959Z)
UBS Offers to Buy Credit Suisse for up to $1 Billion: FT
UBS Group AG is offering to buy Credit Suisse Group AG for up to $1 billion in an all share deal to take over the stricken lender, according to the Financial Times.
(bloomberg.com, 2023-03-19T12:15:10.928Z)
Subscribe to read | Financial Times
Gain a global perspective on the US and go beyond with curated news and analysis from 600 journalists in 50+ countries covering politics, business, innovation, trends and more. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. For a full comparison of Standard and Premium Digital, click here. Change the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. For cost savings, you can change your plan at any time online in the “Settings & Account” section. If yo
(ft.com, 2023-03-19T11:59:46.276Z)
Burry on Banking Crisis, Kiyosaki Warns of 'Fake Money' Injections; Talk of 'Anti-Crypto' Agenda Behind Signature Bank Collapse — Week in Review – The Weekly Bitcoin News
Speculation continues to abound surrounding the current global banking debacle, with some drawing comparisons to past economic crises.
(bitcoin.com, 2023-03-19T11:38:39.044Z)
First Citizens considering takeover of Silicon Valley Bank
First Citizens BancShares Inc. is considering a takeover of the Silicon Valley Bank
(livemint.com, 2023-03-19T11:02:10.538Z)
Proposed EastMed gas pipeline is not viable - U.S. diplomat
Europe needs to swiftly find alternative sources of energy following Russia's invasion of Ukraine but a proposed pipeline taking east Mediterranean gas to the continent via Israel, Cyprus and Greece is not viable, a senior U.S. diplomat said.
(reuters.com, 2023-03-19T11:00:38.968Z)
Italy’s foreign minister expresses doubts over feasibility of EastMed pipeline
Luigi Di Maio says $7.4 billion cost and construction process of line to ship gas to Europe are prohibitive; deal was inked between Greece, Cyprus and Israel earlier this month
(timesofisrael.com, 2023-03-19T11:00:36.923Z)
Signature Bank’s Quirky Mix of Customers Fueled Its Rise and Hastened Its Fall
The New York bank juiced its growth by combining a traditional commercial real-estate business with divisions catering to customers too small or complicated for its crosstown Wall Street rivals.
(wsj.com, 2023-03-19T10:43:49.069Z)
US banks want socialism for themselves - and capitalism for everyone else | Robert Reich
When banks like Silicon Valley Bank collapse, money floods to bigger ones like JPMorgan. Clients know they’re ‘too big to fail’
(theguardian.com, 2023-03-19T10:42:42.485Z)
Goldman Sachs No Longer Sees Oil Reaching $100 This Year
Goldman Sachs Group Inc., one of the most bullish banks on its outlook for oil, has nudged its forecasts down as worries over the banking sector and the potential for recession outweigh a surge in demand from China.
(bloomberg.com, 2023-03-19T10:32:02.781Z)
Oil pipeline with India to play vital role in fuel security: Bangladesh PM
Prime Minister Sheikh Hasina has said that her country's first cross-border oil pipeline with India will play a vital role in ensuring fuel security in Bangladesh at a time when the world was facing a serious energy crisis due to the Ukraine war.
(business-standard.com, 2023-03-19T09:59:31.510Z)
Powerful 6.8 Quake Hits Coastal Ecuador, Killing 12 People
A powerful earthquake struck coastal Ecuador on Saturday, killing at least 12 people, according to the presidential press office.
(bloomberg.com, 2023-03-19T08:15:05.397Z)
Silicon Valley Bank collapse concerns founders of color
In the hours after some of Silicon Valley Bank’s biggest customers started pulling out their money, a WhatsApp group of startup founders who are immigrants of color ballooned to more than 1,000 members. 
(apnews.com, 2023-03-19T05:42:37.615Z)
UBS seals Credit Suisse takeover in bid to calm market nerves
UBS will pay more than $3 billion for Credit Suisse and assume up to $5.4 billion in losses in a shotgun merger engineered by Swiss authorities that won applause from other central bankers keen to avoid further market-shaking turmoil.
(reuters.com, 2023-03-19T03:44:04.882Z)
Did regulators intentionally cause a run on banks?
The failures by Silvergate Bank, Silicon Valley Bank and Signature Bank look a lot like "controlled demolition" by regulators, according to Joseph Bradley.
(cointelegraph.com, 2023-03-19T03:33:33.556Z)
First Citizens Weighing Takeover of Silicon Valley Bank
First Citizens BancShares Inc. is evaluating an offer for Silicon Valley Bank, according to people familiar with the matter.
(bloomberg.com, 2023-03-19T03:27:51.969Z)
Credit Suisse bank: UBS said to be in takeover talks with troubled rival
Emergency talks are reported in Zurich as regulators seek a deal for Credit Suisse before Monday.
(co.uk, 2023-03-19T02:10:49.678Z)
Credit Suisse bank: UBS is in talks to take over its troubled rival
Emergency talks are underway in Zurich as regulators seek a deal for Credit Suisse before Monday.
(bbc.com, 2023-03-19T02:00:30.523Z)
Fed to Consider a Pause as Fallout From SVB Roils Markets
Federal Reserve officials face their biggest challenge in months as they weigh whether to keep raising interest rates this week to cool inflation, or take a pause amid the market turmoil fueled by recent bank failures.
(bloomberg.com, 2023-03-19T01:33:27.155Z)
Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days – Economics Bitcoin News
Balaji Srinivasan says hyperinflation is happening now. He is making million-dollar bets that bitcoin will rise to $1 million in 90 days.
(bitcoin.com, 2023-03-19T01:32:22.302Z)
Fed poised to approve quarter-point rate hike this week, despite market turmoil
Chairman Jerome Powell and his fellow central bankers will want to signal that it's important to continue the fight to bring down inflation.
(cnbc.com, 2023-03-19T01:29:56.371Z)
Switzerland preparing emergency measures for UBS' takeover of Credit Suisse: Report
According to a March 18 Financial Times report citing three people familiar with the situation, Switzerland is preparing to use "emergency measures" to accelerate UBS' takeover of Credit Suisse before "markets open on Monday."
(cointelegraph.com, 2023-03-19T00:59:49.994Z)
Will Americans end up footing the bill for bank failures?
WASHINGTON (AP) — The government's response to the failure of two large banks has already involved hundreds of billions of dollars. So will ordinary Americans end up paying for it, one way or another? 
(apnews.com, 2023-03-18T23:38:40.810Z)
More than 186 US banks well-positioned for collapse, SVB analysis reveals
Monetary policies penned down by central banks can harm long-term assets such as government bonds and mortgages, leading to massive losses.
(cointelegraph.com, 2023-03-18T21:39:59.399Z)
Exclusive: UBS seeks about $6 billion in government guarantees for Credit Suisse deal
UBS Group AG is seeking government guarantees of about $6 billion for a potential takeover of Credit Suisse Group AG , a person with knowledge of the discussions told Reuters on Saturday.
(reuters.com, 2023-03-18T21:10:42.687Z)
What we know about political donations tied to Silicon Valley Bank, Signature Bank
After two of America's largest bank failures, some elected officials have rushed to return donations tied to SVB and Signature Bank.
(usatoday.com, 2023-03-18T20:01:48.284Z)
Global banking crisis: What just happened? | CNN Business
Markets Fear & Greed Index Latest Market News Last Friday, the biggest failure of a US bank since the global financial crisis was playing out in real time as a major lender to the tech industry succumbed to a classic bank run. Silicon Valley Bank’s customers were frantically pulling their money from the California-based lender before US regulators intervened to take control. But the collapse panicked markets, piling pain on weaker financial institutions already struggling with the unintended consequences of soaring interest rates and self-inflicted wounds. Latest on banks and global markets A week on, a second US regional bank — Signature Bank — has been shut down, a third — First Republic Bank (FRC) — has been propped up, and the first major threat since 2008 to a bank of global financial significance — Credit Suisse — has been averted, at least for now. But the relative calm has been restored only thanks to the provision of huge sums of emergency cash from lenders of last resort — ce
(cnn.com, 2023-03-18T20:01:26.067Z)
How can Catholics make sense of the SVB failure?
Is there a specifically Catholic angle on the Silicon Valley Bank (SVB) and Signature Bank failures? Catholics, who belong to the Church that is an “expert on humanity,” should at least be able to see things straight — which begins with a reckoning, writes Michael Pakaluk in his latest essay for Our Sunday Visitor. The facts are not all out, he writes, but from what we know, who did wrong and who is to blame? And what does it portend?
(oursundayvisitor.com, 2023-03-18T19:42:21.222Z)
It's unclear if central banks can contain the international banking crisis, analysts warn
Analysts say the worldwide banking system is facing a crisis of confidence, with the international banking sector entering an uncertain period in the coming days.
(net.au, 2023-03-18T19:40:04.037Z)
Raskin: Trump ‘absolutely’ knew he lost 2020 election
The committee also has enough evidence to prove that multiple Republican members of Congress sought pardons following the Jan. 6 assault on the Capitol.
(politico.com, 2023-03-18T19:30:11.784Z)