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UBS wins back Credit Suisse clients
NEWS WIREHOUSES NOV 07, 2023
UBS wins back Credit Suisse clients

The bank saw stronger-than-expected client inflows of $22 billion in its wealth management business, including $3 billion at Credit Suisse's unit.

Stocks decline as hopes of quick Fed rate cuts fade
INVESTING EQUITIES NOV 07, 2023
Stocks decline as hopes of quick Fed rate cuts fade

Minneapolis Fed chair raises doubts but what will Jerome Powell say this week?

Oil drops back below $80 despite supply cuts
NEWS INDUSTRY NEWS NOV 07, 2023
Oil drops back below $80 despite supply cuts

Global demand and interest rates are in focus as WTI falls more than 2%.

Cathie Wood eases back on significant Roku holding
INVESTING EQUITIES NOV 07, 2023
Cathie Wood eases back on significant Roku holding

It's the first time since August that Ark Investment Management has sold the streamer's stock.

Wall Street leaders share fears with global financial services peers
NEWS INDUSTRY NEWS NOV 07, 2023
Wall Street leaders share fears with global financial services peers

Cocktail of potential disasters discussed as industry meets in Hong Kong.

UBS wants to shed $5B in wealthy clients' assets
NEWS INDUSTRY NEWS NOV 07, 2023
UBS wants to shed $5B in wealthy clients' assets

The firm is picking the bits of Credit Suisse it does and does not want.

Morgan Stanley's Gorman will step down as chair by end of 2024
NEWS INDUSTRY NEWS NOV 07, 2023
Morgan Stanley's Gorman will step down as chair by end of 2024

He will make way for incoming CEO Ted Pick to make his mark on the Wall Street titan.

Stimulus will boost China growth in 2024, says IMF
NEWS INDUSTRY NEWS NOV 07, 2023
Stimulus will boost China growth in 2024, says IMF

The organization has upgraded its outlook for the world's second largest economy.

High rates could derail year-end stocks rally, BlackRock says
NEWS INDUSTRY NEWS NOV 06, 2023
High rates could derail year-end stocks rally, BlackRock says

Research chief says rates outlook has not been reflected in equities yet.

Hedge funds' extended short positions on Treasuries wrongly timed
NEWS INDUSTRY NEWS NOV 06, 2023
Hedge funds' extended short positions on Treasuries wrongly timed

CFTC data shows bets persisted even though the cash bonds had rallied the week before.