SQUAWK BOX, TUESDAY 9TH MAY, 2023

SQUAWK BOX, TUESDAY 9TH MAY, 2023

UBS announces Credit Suisse will operate independently under a consolidated banking group, as a management shake-up sees CS CEO Ulrich Koerner join UBS' Executive Board, as well as a change in CFO. Chinese trade data paints a mixed picture for the world’s second largest economy, with imports contracting almost 8 percent, and export growth stalling. California’s financial regulator admits it failed to press Silicon Valley Bank’s bosses for reform before the lender imploded in March, and pledges to do better in future. Concerns over U.S. financial stability persist according to a Fed survey, while a separate report shows lending requirements are set to tighten for the rest of the year. And, President Biden prepares to welcome congressional leaders to the White House in bid to break the debt ceiling deadlock, as Treasury Secretary Janet Yellen warns of “economic catastrophe” – telling CNBC that lawmakers have only one option.

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Avsnitt(1840)

Israel and Iran trade missile strikes

Israel and Iran trade missile strikes

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SpaceX targets $1.8tn valuation in record market debut

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Anthropic files confidentially for U.S. listing

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Softbank poised to make €75bn France A.I. investment

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1 Juni 25min

Oil falls back on renewed peace agreement optimism

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Crude jumps after Iranian strike on Kuwait

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