UBS Group AG is reportedly offering to acquire Credit Suisse Group AG for up to $1 billion, a deal that the Swiss financial firm is pushing back on with backing from its biggest shareholder.0. "Credit Suisse Talks Extend Into Sunday as Markets Await Deal" Yahoo News, 19 Mar. 2023, https://news.yahoo.com/ubs-seeks-swiss-backstop-credit-115808443.html1. "Credit Suisse: Bank of En [...]

Drugmaker Sanofi announced Thursday that it will significantly reduce the list prices of its most widely prescribed insulin, Lantus, and cap out-of-pocket costs for the drug at $35 a month for all patients with private insurance. The move follows similar announcements by Eli Lilly and Novo Nordisk, the three companies who control the majority of the insulin market.0. "Insulin M [...]

UBS Group (NYSE:UBS) is reportedly in advanced talks to acquire all or part of Credit Suisse (NYSE:CS) in what would be the most significant banking merger in Europe since the 2008 Great Recession.0. "UBS said to be in talks to take over embattled lender Credit Suisse (NYSE:CS)" Seeking Alpha, 17 Mar. 2023, https://seekingalpha.com/news/3948655-ubs-said-to-be-in-talks-to-take-o [...]

OpenAI CEO Sam Altman has warned that the artificial intelligence application chatbot ChatGPT can throw up some very bad outcomes.0. "'We are scared': ChatGPT creator Sam Altman warns about these dangers from AI" Business Today, 19 Mar. 2023, https://www.businesstoday.in/technology/story/we-are-scared-chatgpt-creator-sam-altman-warns-about-these-dangers-from-ai-373977-2023-03-1 [...]

The collapse of Silicon Valley Bank (SVB) in March of 2023, is a reminder of the dangers of a financial system gone unchecked.0. "Silicon Valley Bank: Here’s a timeline of the bank’s failure" TechCrunch, 16 Mar. 2023, https://techcrunch.com/2023/03/16/svb-crash-timeline-what-happened1. "So Where Were SVB’s Regulators?" The Atlantic, 17 Mar. 2023, https://www.theatlantic.c [...]

The sudden collapse of Silicon Valley Bank has left many people asking, “Is my money safe?”0. "Here's who made money amid the Silicon Valley Bank turmoil" ABC News, 17 Mar. 2023, https://abcnews.go.com/Business/made-money-amid-silicon-valley-bank-turmoil/story?id=978770871. "Should I pull my money out of the bank? What to know about bank failures" CNN, 13 Mar. 2023, https:/ [...]

UBS Group (NYSE:UBS) is in talks to acquire all or part of Credit Suisse (NYSE:CS) in what would be the most significant banking merger in Europe since the 2008 Great Recession. The potential deal, which could be finalized as soon as Sunday, could involve UBS acquiring Credit Suisse to obtain its wealth and asset management units while possibly divesting the investment banking [...]

President Joe Biden is urging Congress to pass legislation that would give the Federal Deposit Insurance Corporation more enforcement authority to punish senior bank executives whose mismanagement contributes to their institutions' failure. In the wake of the recent collapses of Silicon Valley Bank and Signature Bank, Biden believes that tougher penalties should be imposed on b [...]