Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>UBS launched its global "House of Craft" initiative at an event in New York City in October.</li><li>The campaign highlights artisanship in various fields, including the lucrative watchmaking industry.</li></ul>In a SoHo townhouse in New York City, UBS launched its <a target="_blank" class="" href="https://www.ubs.com/us/en/wealth-management/about-us/craft/hocnyc.html">global "House of Craft" initiative</a>, an experiential campaign that honors the tradition of craftsmanship. At the celebration, the Swiss-based global financial firm focused on the watch industry, gathering an array of horologists, timepiece enthusiasts, and executives to discuss the art and commerce behind fine watchmaking.The three-day event, which UBS hosted in partnership with the luxury watch retailer and media company <a target="_blank" class="" href="https://www.hodinkee.com/articles/photo-report-ubs-house-of-craft-nyc">Hodinkee</a>, included fireside chats with celebrities such as former NBA star Carmelo Anthony and actor Daniel Dae Kim.Executives such as Ginny Wright, the CEO of the Americas for Audemars Piguet, and Jean-Claude Biver, a legendary watchmaker and the former CEO of TAG Heuer, also took center stage to talk about leading in the watch industry.<div type="image" title="NBA all-star Carmelo Anthony on stage at UBS' House of Craft event" height="3000" width="2001" msid="114357587" hostid="261" sizebytes="227734"></div>The gathering was the first experiential foray into UBS's overarching 2024 brand campaign, called "Banking is Our Craft," which was rolled out in January. The goal is to align the bank's legacy and expertise with esteemed artisanship.John McDonald, UBS's group chief marketing officer, told Business Insider that his team tested a wide range of messaging before settling on the theme."The creative idea that resonated most effectively for us across clients and prospects and across geographies, was craft — the idea of banking, investing, advice being elevated to a craft," McDonald said. "It was a unique way of summarizing 160-plus years of history, the dedication, commitment to excellence, that's part of the Swiss heritage we have — but also nods to innovation, and to humanity."<h2 id="a5d31c70-cdd1-4d39-bd29-bb0d8488852d">Telling a brand story in the wake of major corporate moves</h2>The "Banking is Our Craft" campaign launched less than a year after <a target="_blank" class="" href="https://www.businessinsider.com/credit-suisse-ubs-offers-up-to-billion-rescue-deal-report-2023-3">UBS acquired the embattled Credit Suisse</a> — at the request of the Swiss government — to help stabilize the global economy. To shepherd the merger, the bank rehired its former CEO, Sergio Ermotti, who left in 2020.Ermotti approached McDonald, who joined UBS in January 2023, to develop a campaign to communicate the bank's position. "He said it would be very important for UBS to make sure we were out talking to clients, prospects, and the broader universe of stakeholders about who UBS is, what we do, and why we're unique," McDonald told BI.The initiative had to be global and work for the whole bank. "That's not exactly a simple task," McDonald said. It was also an accelerated process because the campaign had to launch "as soon as possible," he added.Publicis Groupe and the brand consulting firm Prophet developed the plan with UBS. Budget specifics were not disclosed, but McDonald said the campaign was the biggest launched by the brand since 2015. The campaign rolled out in 10 markets over the course of 60 days; it started on January 23 in the UK and the US and then made its way to Asia and Latin America.UBS's absorption of Credit Suisse hasn't been without complication. Earlier this week, the Swiss regulators <a target="_blank" class="" href="https://www.reuters.com/business/finance/swiss-regulator-tells-ubs-strengthen-its-emergency-plans-2024-10-15/">mandated</a> an overhaul of the bank's emergency plan. This raised the question, why move so quickly with a brand campaign of this size?"If you don't define who you are, others will do it for you," McDonald said. "As challenging as an integration this size is, you have to grab the challenge and make the most of it. It's an opportunity to build a growth platform for the firm. That starts with how you explain who you are and what you do."<h2 id="986eeadb-b577-4bd7-a953-5101158c22c8">Convening around craft</h2>New York City's legacy of fine craftsmanship made it the choice destination for UBS's first "House of Craft" event. Coincidentally, the gathering took place during <a target="_blank" class="" href="https://www.businessinsider.com/advertisers-gen-ai-hype-turning-to-skepticism-2024-10">Advertising Week New York</a>.Among the featured celebrities and executives were local watch enthusiasts. One attendee, James Miller, learned about the event through Hodinkee's promotional efforts.<div type="image" title="James Miller, watch enthusiast, at UBS' House of Craft in New York City" height="4032" width="3024" msid="114357585" hostid="261" sizebytes="590014"></div>Miller told BI that he's an avid collector of micro-brand watches. "The opportunity to see people who are here, getting introduced to UBS, were the opportunities I wanted to take advantage of," he said.Another attendee, Nathan Desloover, discovered the event through his membership in the Horological Society of New York. He said he also wanted to see the session featuring Todd Snyder, a menswear designer.<div type="image" title="Nathan Desloover, a watch enthusiast, attendee at the UBS House of Craft" height="4032" width="3024" msid="114357586" hostid="261" sizebytes="1280512"></div>"I've been going to as many of those events as I can," Desloover said, wearing a cotton-silk stitched sweater from Snyder's eponymous label. "I'm interested in not only the style of watches, but I'm also trying to make some of my own designs."Connecting with people who have a passion for craftsmanship was the goal, McDonald told BI. "This is a brand campaign, but it's one very clearly associated with making sure more people are positively thinking about us," he said. "That turns into a business benefit, a bottom-line benefit. We essentially are priming a group of people who maybe aren't ready to buy UBS services, to make sure that they are familiar with us."

UBS launches its experiential "House of Craft" campaign in New York as Credit Suisse integration continues 

<ul><li>Under the terms of the all-share transaction, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held. </li><li>It was no longer possible to restore the necessary confidence and that a swift and stabilising solution was absolutely necessary, said the government.</li></ul> Geneva, Credit Suisse will be taken over by Swiss banking giant UBS, the Swiss federal government has announced. On Friday, the liquidity outflows and market volatility showed that it was no longer possible to restore the necessary confidence and that a swift and stabilising solution was absolutely necessary, the government was quoted by Xinhua news agency as saying. "In this difficult situation, the takeover of Credit Suisse by UBS is the best solution for restoring the confidence that has been lacking in financial markets recently, and for best managing the risk to our country and its citizens," the government said on Sunday. Under the terms of the all-share transaction, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held, equivalent to CHF 0.76/share for a total consideration of 3 billion Swiss francs, UBS said in a statement published on Sunday. The combination is expected to create a business with more than $5 trillion in total invested assets and sustainable value opportunities, the statement said. Swiss National Bank (SNB) will provide substantial liquidity assistance to support UBS's takeover of Credit Suisse, said the Swiss central bank in a statement published on Sunday. This takeover was made possible with the support of the Swiss federal government, the Swiss financial market supervisory authority FINMA and the SNB, the statement said. With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation, the statement said. Both banks have unrestricted access to the SNB's existing facilities, through which they can obtain liquidity from the SNB, the statement said. (1 Swiss franc $1.08)

Credit Suisse will be taken over by banking giant UBS, says Swiss government

<ul class="summary-list"><li><a target="_blank" class="" href="https://www.businessinsider.com/tesla">Tesla</a> stands to benefit from any removal of consumer tax credits on electric vehicle purchases.</li><li>The move could hurt competitors more, CEO Elon Musk said.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/elon-musk">Elon Musk</a> supports a Trump plan to end tax credits of up to $7,500 for electric vehicle purchases.That might sound confusing: Why would the CEO of Tesla want to end a program that makes it cheaper for people to buy EVs?Well, according to Musk, it would devastate Tesla's rivals. And Tesla wants to keep its strong lead in the US EV market, which recently slipped under 50% for the first time."I think it would be devastating for our competitors and for Tesla slightly," Musk said in a July earnings call, predicting the impact of the tax credits ending. "But long term probably actually helps Tesla, would be my guess."On Thursday, Reuters reported that Trump plans to end the EV tax credit, with support from Tesla representatives. In a related post on X, Musk called for an "end all government subsidies, including those for EVs, oil and gas."Tesla has had a longer time than some of its rivals to <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12">benefit from government subsidies</a>. Its market lead is well established, and it has led an EV pricing war that has squeezed its rivals, making it harder for them to survive if consumer demand falls even further.Put simply: Tesla wins if ending the tax credit pressures smaller rivals enough to stall their growth or even fold.<h2 id="91842e59-2373-4c08-abdd-17185b0bea0d">Tesla sells more EVs than anyone else, and more profitably</h2>In the third quarter of 2024, Tesla <a target="_blank" class="" href="https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q3-2024-Update.pdf">reported</a> a pre-tax profit margin of 18%, well above the industry average of around 9%. Ford, the only competitor to break out its EV-specific finances, <a target="_blank" class="" href="https://s201.q4cdn.com/693218008/files/doc_financials/2024/q3/Press-Release-Ford-2024-Q3-Earnings.pdf">reported</a> a -104% margin for its Model e unit.Yet many of Tesla's vehicles are also priced well below many competitors. The Model 3 starts at $42,490 (after a cheaper option disappeared earlier this year). That's well below the average EV price in the US, which held steady at nearly $57,000 in October, according to Kelley Blue Book data.In an effort to juice sales, <a target="_blank" class="" href="https://www.businessinsider.com/tesla-can-make-cars-cheaper-than-competitors-2024-6">Tesla has drastically cut prices</a> on many of its cars over the past year, instigating an industry-wide price war that has cut into its own margin in pursuit of maintaining its industry-leading market share. Of the nearly 600,000 EVs sold in the US in the first half of 2023, <a target="_blank" class="" href="https://www.coxautoinc.com/wp-content/uploads/2024/07/Q2-2024-Kelley-Blue-Book-Electric-Vehicle-Sales-Report.pdf">half</a> were made by Tesla. Ford, in second place, accounted for just over 7% of EVs sold in the same period."While losing the EV tax credit could also hurt some demand on the margins in the US, this will enable Tesla to further fend off competition from Detroit as pricing/scale/scope is an apples to oranges when compared to the rest of the auto industry once the EV tax credit disappears," Dan Ives, a longtime bullish analyst at Wedbush, told clients in a note on Thursday.<h2 id="c6cefac7-9186-47f8-8f0a-f2fb65808785">Tesla is ahead of the curve in building a US manufacturing presence</h2>Eliminating the <a target="_blank" class="" href="https://www.businessinsider.com/federal-state-electric-car-vehicle-tax-credits-rebates-qualify">consumer tax credit</a>, part of President Joe Biden's Inflation Reduction Act, would need congressional approval. It's not yet clear if Trump and the incoming Republican-controlled Congress would also target other IRA tax incentives, like those supporting domestic manufacturing of cars, batteries, and other components. Competitors like BMW, Honda, and Hyundai have <a target="_blank" href="https://techcrunch.com/2024/07/20/tracking-the-ev-battery-factory-construction-boom-across-north-america/">raced</a> to scale up factories state-side to take advantage of those credits.Tesla has been ahead of this curve in manufacturing, too, with six US factories churning out cars and batteries. That work has paid off, and many Tesla models are regularly named as the most "<a target="_blank" href="https://www.cars.com/american-made-index/">American-made</a>" compared to competitors, many of which rely on factories in Mexico. In fact, only one other American automaker even cracked the top 10 in 2024.Tesla CFO Vaibhav Taneja said in a July earnings call that the company has taken advantage of manufacturing credits, but "we always drive ourselves to say, OK, what if there is no IRA benefit? And how do we operate in that kind of an environment? Like Elon said, we definitely have a big advantage as compared to our competition on that front."In October, the Alliance for Automotive Innovation, an industry group representing Ford, GM, Honda, Toyota, and others, <a target="_blank" href="https://subscriber.politicopro.com/article/2024/11/auto-trade-group-to-gop-tax-writers-keep-bidens-ev-credits-00189430">urged</a> Congress to keep the tax credits.The tax credits, including those for commercial leasing and manufacturing, are "critical to cementing the US as a global leader in the future of automotive technology and manufacturing," they said in an October letter to Congress published by <a target="_blank" href="https://subscriber.politicopro.com/f/?id=00000193-277d-dea7-afbb-b77f708f0000">Politico</a>.The group, which does not include Tesla, did not respond to a request for comment. A spokesperson for the Trump transition team did not respond to a request for comment.While Musk supports cutting the EV tax credit, reports of its potential demise appear to have spooked investors. Tesla shares fell about 5% following the Reuters report, while Rivian shares fell 11%.Musk and other Tesla leaders have long said autonomous vehicles are the future of Tesla, not just EVs, and encouraged potential investors to think much more long-term.Additional reporting by Benjamin Zhang.

Why Musk supports Trump getting rid of EV tax credits

The technology platform for providing "<keyword id="22918315" type="General" weightage="20" keywordseo="frictionless-credit" source="keywords">frictionless credit</keyword>" launched by the <keyword id="19899810" type="General" weightage="20" keywordseo="Reserve-Bank-of-India" source="keywords" meta.keywordsubtype="org" meta.entityname="Reserve Bank of India" meta.hostid="261" meta.entityid="Reserve Bank of India">Reserve Bank of India</keyword> (<keyword id="19899808" type="General" weightage="100" keywordseo="RBI" source="keywords">RBI</keyword>) last year as a pilot project will soon be introduced nationwide soon, said Reserve Banks of India Governor, <keyword id="19913110" type="General" weightage="20" keywordseo="shaktikanta-das" source="keywords">Shaktikanta Das</keyword> on Monday. This technology platform will be named "<keyword id="22918314" type="General" weightage="20" keywordseo="Unified-Lending-Interface" source="keywords">Unified Lending Interface</keyword> (ULI)", Das said while speaking in Bengaluru at the event of the Global Conference on Digital Public Infrastructure and Emerging Technologies. Governor Das said "Just like <keyword id="19900911" type="General" weightage="20" keywordseo="UPI" source="keywords">UPI</keyword> transformed the payments ecosystem, we expect that ULI will play a similar role in transforming the lending space in India. The 'new trinity' of JAM-UPI-ULI will be a revolutionary step forward in India's <keyword id="20018890" type="General" weightage="20" keywordseo="digital-infrastructure" source="keywords">digital infrastructure</keyword> journey." The ULI platform facilitates a seamless and consent-based flow of digital information, including even land records of various states, from multiple data service providers to lenders. The technology platform introduced last year as a pilot projects cuts down the time taken for credit appraisal, especially for small and rural borrowers. Das stated that the ULI architecture has common and standardised APIs, designed for a 'plug and play' approach to ensure digital access to information from diverse sources. "This reduces the complexity of multiple technical integrations. It enables borrowers to get the benefit of seamless delivery of credit, and quicker turnaround time without requiring extensive documentation. By digitising access to customer's financial and non-financial data that otherwise resided in disparate silos, ULI is expected to cater to large unmet demand for credit across various sectors, particularly for agricultural and MSME borrowers," the RBI governor stated. Showing confidence in the newly launched ULI, Das said, "Just like UPI transformed the payments ecosystem, "we expect that ULI will play a similar role in transforming the lending space in India." Speaking about the success of Unified Payment Interface (UPI) Das said, "The current ecosystem of digital payments in India offers a bouquet of simple, safe, and secure options for instant or quick transfer of funds, both large and small value, for businesses and individuals." Das further stated stated that the apex bank is consistently trying to secure the financial system in the country. "We are constantly working on devising policies, approaches, systems and platforms that will make our financial sector stronger, nimble and customer-centric," Das said. Additionally, Das also highlighted that the central bank is constantly working on devising policies, systems, and platforms that will make the financial sector stronger, nimble and customer-centric. Das said that over the last decade, the traditional banking system has undergone an unprecedented technological transformation. By all indications, this process is likely to become even more intense in the coming years, he said. On the country's experience in DPI, he said, "DPI has enabled India to achieve in less than a decade levels of financial inclusion that would have otherwise taken several decades or even more" He also emphasised that UPI system has the potential to evolve into a cheaper and quicker alternative to available channels of cross-border remittances. The Governor also stressed that financial institutions should be abundantly mindful of associated risks of Artificial Intelligence.

After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit

<ul class="summary-list"><li>The founder of Jazzercise stays active and energized at age 80 by dancing and lifting weights.</li><li>Judi Sheppard Missett said she's motivated by a drive to help others enjoy exercise.</li></ul>More than 50 years after the launch of <a target="_blank" class="" href="https://www.businessinsider.com/brought-to-by-podcast-btyb-all-that-jazzercize">Jazzercise</a> helped pioneer the group fitness industry, founder Judi Sheppard Missett still loves to dance every day.Now 80, she continues to teach classes and do choreography for her company, which has more than 2000 locations worldwide, more than 55,000 customers in the US alone, and brought in $77 million worth of sales last year.Missett continues to play a role as executive chair instructor in the company, which is now a family affair; her daughter (55) has taken over as CEO and chief choreographer, and her granddaughter (22) is an instructor.She told Business Insider that she believes her longevity probably has something to do with the fact that she is very active, but relaxed about her fitness and nutrition. She eats her protein and veggies along with a daily Dr. Pepper, her favorite treat.While she follows a <a target="_blank" class="" href="https://www.businessinsider.com/how-to-start-weightlifting-if-only-do-cardio-yoga-2021-10">weightlifting routine</a>, and takes long walks at the end of each day, her priority is making time for other people."I have more things to do in life, and I want to be able to enjoy them. I want to be able to enjoy my granddaughters and just everything that's going on in life and in the company as well for as long as I possibly can," Missett said.<h2 id="50eea792-2a29-434b-97cc-806cbafefbb8">She built a community around fun, accessible fitness</h2>As a lifelong dancer, Missett said her goal as a 25-year-old instructor in 1969 was to bring her love of movement to others, especially women who felt like exercising was a chore. She noticed her classes, which initially focused on traditional techniques, weren't getting a lot of return students."They all said, we love the class. It's great, but it's really difficult. We don't want to be professional dancers. We just want to look like they do," Missett said," I thought maybe I just need to make this simpler and more fun."She changed her approach to teaching, turning students away from the mirror, instructing them to follow her lead instead, and doing simplified choreography with lots of encouragement and motivating, high-energy music.The first session in this new "Jazz Dance for Fun and Fitness" class had 15 students.By the third class, her clientele had quadrupled to 60, which soon grew to more than the studio in Evanston, Illinois could handle."The room wouldn't hold anymore because people were telling their friends," she said.From there, Jazzercise began a community that spread — first to California, where the company is now headquartered, and then globally.Missett thinks of it as a family. What she loves about her job, and what keeps her getting out of bed in the morning excited to start the day, is that <a target="_blank" class="" href="https://www.businessinsider.com/blue-zone-residents-longevity-secrets-traits-2019-12">sense of purpose</a>."I really loved this so much because it was exposing people to dance and the joy of movement and the joy of music. There was a spirit behind it, and there was a camaraderie in those classes," Missett said. "I feel like we had an impact on helping women understand what they can accomplish and how powerful they could be. It meant everything to me. And it still does."<h2 id="c6c9acf9-3107-4b4e-be6a-fd60a9f7409c">Lifting weights keeps her strong and prevents injury</h2>Still a devoted Jazzercise fan, Missett stays active with strength training and walking, too."I have a motto, and the motto is, keep moving so you can keep going," she said.Her daily morning routine includes <a target="_blank" class="" href="https://www.businessinsider.com/full-body-workout-30-minutes-less-no-equipment-gym-trainer-2023-8">20 minutes of lifting weights</a>, and she isn't afraid to go heavy. She said the routine keeps her back healthy, and being strong helped her recover more quickly from a recent hip replacement."When people get to be older, you'll have a little bit of pain here and there and a few little creaks and whatnot in your body. For some people, it's an excuse to stop doing things, but it really shouldn't be because if you keep moving, it really helps most of those things," Missett said.<h2 id="f2baa325-dcc3-46f8-b319-83567b17a53e">She avoids fad diets in favor of moderation</h2>Missett said her approach to nutrition is to focus on getting plenty of protein and leafy greens with her meals. Lean protein sources like beans, chicken, and fish can help with satiety and maintain muscle, and green veggies are rich in nutrients like <a target="_blank" class="" href="https://www.businessinsider.com/anti-aging-foods-brain-heart-health-better-immunity-longevity-2023-9">antioxidants for healthy aging</a>.But having a little treat is just as important for her routine."If I want to have a hot fudge sundae, I'm going to have it," she said. "I just want to do what I do in moderation and eat as best I can."That includes her daily habit of drinking a Dr. Pepper, which she's loved since childhood.Dietitians typically don't recommend sweet beverages like soda. They suggest limiting added sugars to 20-25 grams per day (the average soda has around 40 grams of sugar). Artificial sweeteners in diet drinks can also have downsides.For Missett, the enjoyment is worth the tradeoff."It just brings me joy," she said.After decades of watching wellness trends come and go, Misset isn't a fan of fads in dieting or anything else."I think people get into fads and think, 'Oh, I've got to do this. I've got to be on trend.' No, you don't," she said. "Do what works for you. And if the trendy thing isn't working, find something else."

At 80, Jazzercise's founder is thriving. She credits lean protein, weight-lifting, and treating herself to a daily Dr. Pepper.

Pam's circle of parent friends likes to <a target="_blank" class="" href="https://www.businessinsider.com/how-much-kids-cost-raising-child-inflation-childcare-tax-exemptions-2024-1">split the financial load</a> when it makes sense, whether it's ordering pickup or delivery, going out for a group meal, or getting <a target="_blank" class="" href="https://www.businessinsider.com/cost-summer-camp-childcare-inflation-parents-debt-work-schedules-2024-7">tickets to a theme park or a movie</a>. But there's one dad who has recently picked up a habit that irks her: He insists on putting all their group purchases on his credit card.The gesture comes off as nice, but it ends up making extra work for Pam because she's constantly having to use apps like <a target="_blank" class="" href="https://www.businessinsider.com/personal-finance/digital-payments-apps-send-my-kids-money-2023-9">Splitwise or Venmo</a> to pay him back. Even when it would be easier if she just paid her family's part, he seems to slide his card in first. Once, when the guy was in line in front of her at a fast-casual restaurant, he waited for her to order before butting in to try to put the purchase on his card. It's not the end of the world, but Pam told me it's bothersome — especially because this dad acts like no one is picking up on what's going on. He's not doing all this out of the kindness of his heart; he's doing it because he wants the <a target="_blank" href="https://www.businessinsider.com/personal-finance/credit-cards/ways-to-use-credit-card-points-beyond-travel">credit-card rewards</a>."I overheard this person say that, 'Oh, with all of this spend on my credit card, I get 5% off this or 20% off this.' And I'm thinking, 'Oh, so this is just benefiting you,'" Pam, who lives in San Francisco and asked to use a pseudonym so the jerk in her group wouldn't know she thinks he's a jerk, told me. "I like people who are just up front versus trying to sneak things in and manipulate."Consumers love their rewards. In a recent poll from Ipsos, 71% of Americans surveyed said they had some sort of rewards, points, or cash-back card, and 80% of those with such a card said they valued their rewards. They'll cling onto those rewards even if it means a tough outcome for others: A 2019 LendingTree survey found that people were likelier to support a cap on how high credit-card companies could set their interest rates if the limit reduced access for people with imperfect credit than they were if it meant the cap would lower their rewards. Credit-card issuers and banks love rewards, too — they're a good way to attract customers.But maybe we love our credit-card rewards too much, to the point that it's making us act in less-than-ideal ways toward those we hold near and dear. Money is always complicated, and the standoff over who gets 1.5% cash back or three times the airline miles after paying for brunch is no exception. And it seems like no matter who picks up the check, everyone is a bit dissatisfied: For every Jane angry at Joe for insisting on putting everything on his credit card so he can upgrade his honeymoon to Singapore, there's a Mary fuming at Mike for shortchanging her when he paid back his part of the bar tab, making the points she got for paying the up-front cost a wash."It does seem like one of those ultimate pick-your-battles kinds of things," Matt Schulz, the chief credit analyst at LendingTree and the author of "Ask Questions, Save Money, Make More," said in an interview. "It's an awkward thing, and you just don't want to be that person who makes things uncomfortable over something like credit-card rewards."But credit-card rewards are, indeed, making things uncomfortable.Plenty of people have had the experience of the check landing after a group meal and multiple people trying to put their credit cards down so they'll earn the rewards. Usually, it winds up fine — you agree to split it, or you all decide to take turns, one person pays this time for the points, another next time. Not everyone at the table cares about maximizing their rewards, but just like some people are super into Taylor Swift or fantasy football, others are obsessed with gaming credit-card points. Whatever the case, a lot of points-related interactions can start to feel pretty icky pretty fast. Take a spin around Reddit, and you'll find all sorts of rewards-related conflicts. There are people complaining that their spouses don't want to play the rewards game, and other point obsessives weighing whether it's OK to refuse to split their rewards with their point-indifferent partners. <a target="_blank" href="https://www.reddit.com/r/AmItheAsshole/comments/108kjlj/aita_for_paying_for_my_share_of_the_trip_with/">One user asked</a> whether they should be expected to share their travel bonus with friends after booking a group trip. <a target="_blank" href="https://www.reddit.com/r/CreditCards/comments/vstsmq/paying_with_points_on_a_group_trip/">Another sought advice</a> after a friend asked whether they might be able to use their rewards to get a discount on a hotel for their group of friends. "I do have points," the person wrote, "but they are perks I get." They asked whether it might be acceptable to use their points but charge people the monetary value of the booking anyway.Jen, from Chicago, pays for everything she can to rack up rewards, and she's pretty sure it doesn't bother anyone else. "I haven't really run into anyone who's been super pissed off," she said, though she cools it in professional settings. If anything, it's a hassle for her. When traveling in a group, she's typically burdened with all the planning so that she can put all the flights and hotels on her card. Her partner refuses to get his own rewards card, which is frustrating, so she finally made him an authorized user on one of hers so at least she can get points from his purchases. "He doesn't seem to care," Jen, who asked to withhold her last name to protect her privacy, said. "Everything he gets, I get paid back."She did recently have a small dispute over points at a dinner with two longtime friends. When the roughly $120 check came, Jen took out her card, as she always does, but noticed another friend did, too. She'd gotten a new card through work and wanted to rack up points for flights. They decided to split the bill in half so that both got their points. Their third, nonpoints friend sent them each a Zelle payment, getting no reward for her trouble. When I asked Jen how much she thought the haggling was worth, she said maybe a couple of bucks. But it all adds up, she insisted. "It's enough for me, over time, to where it matters," she said. "I'm not trying to be greedy."A small disagreement over credit-card points isn't going to end a relationship, but it is a situation where animosity can build up over time, especially if there isn't good up-front communication. The person constantly in debt to the person who puts everything on their card can start to feel like they're being taken advantage of, and the person trying to track everyone down to get paid back can get upset, too."It is more work to chase down all of the payments, and so I think you have to decide for yourself what is the value of the rewards that you're going to earn by putting this whole thing on your card? And is that worth the time and energy?" Emily Thompson, a credit-cards editor at The Points Guy, said. If you're trying to hit $8,000 in spend to get a welcome bonus, the answer might be yes. If you're earning a point per dollar, which is worth about $0.01 in many cases, you may want to stand down. Lending money is often fraught, and people are effectively doing this when they toss everything onto their credit cards. In a CreditCards.com survey, 59% of respondents who had lent money or paid for a group expense with the expectation of being paid back said they'd had something bad happen. Forty-two percent of lenders said they lost money because they weren't repaid, and 26% said their relationship with the borrower was damaged."People should tread carefully because it only takes one person stiffing you for it not to be worth it," Ted Rossman, senior industry analyst at Bankrate, said. "Are you OK taking the risk? Are you going to follow up? I find that there are very quick diminishing returns with this. If you don't get paid back quickly, you probably won't get paid back at all."Someone slightly miscalculating the tip or tax on the reimbursement might negate the rewards earned, not to mention if they miss the payment entirely. Eating a $50 loss in the name of $2.50 in rewards is not a worthwhile trade-off.Friendships come with so much more gray area compared with, say, business relationships. What may seem completely fine to someone — taking a couple of weeks to pay a friend back or asking a friend to pay the cash equivalent of points they used for a hotel booking — might seem completely out of line to someone else."There are more clear terms for business, for romantic partnerships. But in friendship, what's normal? What's not? What do I owe you? We don't know," Danielle Bayard Jackson, a friendship coach and educator, said. "We have a lot of these friendships that end prematurely or that get bogged down by a lot of resentment and confusion."Most people I talked to about this story had some sort of rewards-related anecdote with at least mild tension. One person said his friend group never has a problem with points hoarding … before name-checking one friend who goes too far. Another said she sees paying on her card at restaurants as a way to save servers the headache of trying to divvy up the bill, though that means she has to warn everyone that she's a big tipper and make sure they're on board. I recently booked a fight with a friend who remarked she'd gotten some $300 in travel credit from her rewards card. I briefly wondered whether she would offer to split the discount with me. (She didn't, and she was right.)"As much as calculating the value of the rewards that you can earn, you also have to calculate any potential negative impact on your relationship with the person," Thompson said. When she books trips for friends using her rewards, she comes up with a price that's still a "really good deal" for her friends, but it "isn't nothing," she said. That seems fair, though I'd be curious what her friends think. It's not just friendships that credit-card points can get in the middle of — but also romantic relationships. Matt (a pseudonym), from Alaska, got super into rewards a couple of years ago, watching endless YouTube videos and scouring financial-advice websites for tips. His wife was not so into it — she's the "kind of gal that's like, 'Just give me the stupid card if I use it if you want but don't expect me to have this rotating collection,'" he said. The issue came to a head when they planned a trip to Florida. Matt was procrastinating on booking, so his wife went ahead and did it without using the right card. He had her cancel everything so he could rebook with the card he wanted to use, but that wound up being a mistake — when he went to make the new reservation, prices had increased."We lost the rooms and things that she booked, and we ended up paying more. And for what? We got like 2% back on the whole deal," he said. "I should have just let her be right and be done with it."Matt has pretty much given up on the rewards game now; he uses a 2% cash-back card but doesn't pay much attention beyond that. All the hassle around it "got to be pretty stupid," he said, and the Florida drama was just "petty shit." He and his wife are now divorcing (but not over the points).Whether all this fuss over rewards is justifiable, relationally and financially, is context-dependent. Points maxing isn't low effort, and unless you're willing to spend a bunch of time figuring the system out, you're just wasting your and everyone else's energy in trying to hoard rewards. More importantly, if you are not paying off your credit-card bill at the end of every month and instead are carrying a balance, the rewards are not worth it."If you carry a balance, you shouldn't be chasing rewards. You should be focusing on paying your balance down," Schulz of LendingTree said. "You don't have to be an accountant to understand that paying 27% interest to get 2% cash back doesn't make a whole lot of sense."Credit-card rewards can be great, and they're definitely popular. Plopping down an <a target="_blank" href="https://www.businessinsider.com/american-express-platinum-card-gold-gen-z-millennial-rewards-2024-6">American Express Platinum Card feels fancy</a>, as do the perks that go along with it. But as with everything, there are trade-offs.On a macro level, the rewards aren't free. They're funded by <a target="_blank" href="https://www.businessinsider.com/stores-credit-card-companies-battle-fees-2018-9">swipe fees</a> paid by merchants that often get passed on to all consumers in the form of higher prices, regardless of how they pay, on top of interest payments and late fees. One recent Federal Reserve study found that this system led to a redistribution of $15 billion in wealth each year from the poor to the rich, the less educated to the more educated, and high-minority areas to low-minority areas.On a micro, more day-to-day level, rewards are a fun, little benefit that can become unfun fast. A local restaurant implements a 3% surcharge for credit cards to try to make up for swipe fees, and suddenly you find yourself vowing to never return even though the difference for you was $1.50. Or you see a friend on Instagram bragging about upgrading their flight and realize that's why they've been so insistent on putting brunches and happy hours on their card all year. Even though it doesn't really affect you, you feel a little cheated.Experts say if you're the points maxer trying to charge every group purchase, it's good to be up front about what you're doing. (As in, don't be like Pam's dad friend.) But if people don't want to go along, you might just need to accept that. Or realize that if they are going along, they may still think what you're doing sucks.<a target="_blank" href="https://www.businessinsider.com/author/emily-stewart">Emily Stewart</a> is a senior correspondent at Business Insider, writing about business and the economy.

Credit card rewards are turning us into jerks

Rating agency Moody's has cut the outlook on <keyword id="6365707" type="General" weightage="100" keywordseo="ubs" source="Orion">UBS</keyword> Group's debt to negative following its takeover of <keyword id="48085" type="General" weightage="80" keywordseo="credit-suisse" source="Orion">Credit Suisse</keyword>. Moody's has affirmed UBS's current credit ratings, but lowered the outlooks on its long term deposit and senior unsecured ratings to negative from stable, The Guardian reported. A negative outlook is an indication that a rating may be lowered in future. The rating agency says it took this decision following UBS's deal to buy Credit Suisse for 3bn Swiss francs. "The action balances, on the one hand, the advantageous financial terms in terms of liquidity and capital together with the long-term potential for franchise enhancement, and on the other hand the complexity, extent and duration of the integration," the agency said. Moody's points out that UBS faces "significant financial, cultural and franchise related" challenges as it tries to integrate Credit Suisse into its business. These include the need to retain key CSG personnel while the transaction is underway; the need to minimise the loss of overlapping clients in its Swiss banking and wealth management businesses; and the need to unify the cultures of two somewhat different organisations while ensuring that overall risk appetite and controls are both enhanced and or maintained at levels defined by <keyword id="16892709" type="General" weightage="50" keywordseo="ubsg" source="Orion">UBSG</keyword>, The Guardian reported. Shares in UBS opened 3 per cent higher in Zurich, as investors continue to digest its takeover of Credit Suisse (whose shares were slightly higher in early trading). SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/consistent-with-dignity-socially-acceptable-sc-mulls-panel-to-examine-less-painful-method-of-execution/articleshow/98862566.cms">'Consistent with dignity, socially acceptable', SC mulls panel to examine less painful method of execution</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/co-infection-with-superbug-spikes-covid-virus-replication-by-15-fold/articleshow/98866674.cms">Co-infection with 'superbug' spikes Covid virus replication by 15-fold</a>

Moody's downgrades outlook for UBS to negative, after Credit Suisse take over

<ul class="summary-list"><li>UBS is planning to cut 3,000 jobs in Switzerland after its shock takeover of rival Credit Suisse.</li><li>The move comes as the financial giant targets nearly $10 billion in savings by 2026.</li></ul>UBS is planning to cut 3,000 jobs in Switzerland as it continues to integrate Credit Suisse following the shock <a href="https://www.businessinsider.com/credit-suisse-ubs-offers-up-to-billion-rescue-deal-report-2023-3">takeover</a> of its rival earlier this year.UBS chief executive Sergio Ermotti said in a call with investors on Thursday that the merger with Credit Suisse would result in "around 1,000" redundancies as it integrates Credit Suisse's domestic bank, and that the long-term restructuring process would "lead to about 2,000 additional redundancies in Switzerland over the next couple of years," per <a href="https://www.barrons.com/news/ubs-says-credit-suisse-merger-to-cause-3-000-job-cuts-in-switzerland-834c11d6">AFP</a>.In a memo to employees, Ermotti said that the 1,000 job cuts are expected to start in late 2024, per <a href="https://www.reuters.com/article/ubs-group-results-layoffs/ubs-to-cut-more-than-3000-swiss-jobs-as-it-integrates-credit-suisse-idUKS8N39P071">Reuters</a>."The vast majority of cost reductions will come from natural attrition, retirements and internal mobility, while around 1,000 redundancies will result from the full integration of Credit Suisse (Schweiz) AG," he said.In a statement accompanying UBS' earnings results on <a href="https://www.ubs.com/global/en/investor-relations/financial-information/quarterly-reporting.html" target="_blank" rel="noopener">Thursday</a>, Ermotti added: "Our analysis clearly shows that a full integration is the best outcome for UBS, our stakeholders and the Swiss economy."The company said Thursday that it plans to complete the integration of Credit Suisse by the end of 2026 and aims to cut costs by $10 billion during that period.The sudden <a href="https://www.businessinsider.com/credit-suisse-fallout-banking-crisis-expose-rising-neobanks-2023-3">collapse</a> and takeover of Credit Suisse shocked the banking world earlier this year, raising fears of global financial contagion following the collapse of several regional US lenders including Silicon Valley Bank. Amid fears the <a href="https://www.reuters.com/business/finance/how-credit-suisse-has-evolved-over-167-years-2023-03-18/" target="_blank" rel="noopener">167-year-old financial institution</a> could go under, the Swiss government brokered a shotgun marriage with UBS, with Credit Suisse being sold for <a href="https://www.ft.com/content/9fe40e6a-f01f-4205-b885-7771d305721e" target="_blank" rel="noopener">3 billion Swiss francs ($3.25 billion)</a>.Credit Suisse declined to comment. UBS did not immediately respond to a request for comment.

UBS to cut 3,000 jobs in Switzerland after Credit Suisse takeover

<ul class="summary-list"><li>A real estate boss expects at least 500 banks to fail or be taken over in the next two years.</li><li>Scott Rechler, CEO of RXR, said the maturing of commercial real estate loans would hit smaller lenders.</li></ul>Hundreds of American banks will collapse or be taken over by 2026, a top real estate executive predicted."I think there's going to be … 500 or more fewer banks in the US over the next two years," RXR CEO Scott Rechler said in a white paper <a target="_blank" href="https://fortune.com/2024/03/05/top-real-estate-mogul-500-fewer-banks-next-two-years-failures-consildation/">seen by Fortune</a> ahead of publication."I'm not saying they're all going to fail, but they're going to be forced into consolidation if they don't fail."The US has about 4,000 banks, per the Federal Deposit Insurance Corporation, meaning the loss of 500 would represent about a 12% decline.Rechler rooted his bleak forecast in the fact that more and more commercial real estate (CRE) loans will mature in the coming years, resulting in a "slow-moving train wreck" for smaller banks.Regional banks are key lenders to the CRE sector. It's been hit by higher interest rates that have depressed asset prices, the remote-working boom that's curbed demand for office space, and a credit crunch as lenders pull back.CRE developers also rely heavily on debt, and many face the prospect of having to refinance their loans at much higher rates this year and next.The regional banking industry has also been struggling in recent years. <a target="_blank" href="https://www.businessinsider.com/silicon-valley-bank-failure-what-happened-bank-run-explained-2023-3">Silicon Valley Bank</a>, <a target="_blank" href="https://www.businessinsider.com/signature-bank-shut-down-by-regulators-depositors-bailed-out-2023-3">Signature Bank</a>, and Silvergate Bank folded last spring after worries about their health spurred a wave of deposit withdrawals.Meanwhile, <a target="_blank" href="https://www.businessinsider.com/new-york-community-bank-nycb-shares-turmoil-ceo-internal-controls-crisis-2024-3">New York Community Bancorp's stock plunged</a> 60% in five days earlier this year after the lender set aside over $500 million to cover bad loans.The catalyst for the banking and CRE woes was the Federal Reserve hiking its benchmark interest rate from nearly zero at the start of 2022 to north of 5% by last summer to cool inflation.The sharp rise in rates slashed the value of regional banks' mortgage and fixed-income portfolios, stoking concerns about their stability among depositors.Rechler's warning of widespread bank closures contrasts with JPMorgan CEO Jamie Dimon's recent <a target="_blank" href="https://www.businessinsider.com/jamie-dimon-commerical-real-esate-crisis-soft-landing-economy-jpmorgan-2024-2">description</a> of the bank scandals to date as products of "idiosyncratic problems" at particular lenders.

A real estate CEO predicts hundreds of banks will fail or be taken over by 2026

<ul class="summary-list"><li>US stock futures sank Wednesday as worries about Credit Suisse's financial health revived fears over banks.</li><li>The Swiss bank's shares plunged 22% in Zurich after its top investor ruled out further support.</li></ul>US stocks looked set to fall at the opening bell Wednesday as a plunge in Swiss banking giant Credit Suisse's share price injected fresh unease into markets.<a href="https://markets.businessinsider.com/futures/dow-futures">Dow Jones Industrial Average futures</a> shed as much as 600 points in premarket trading and were down 530 points at last check. <a href="https://markets.businessinsider.com/futures/s&amp;p-500-futures">S&amp;P 500 futures</a> slumped 1.6%, while <a href="https://markets.businessinsider.com/futures/nasdaq-100-futures">Nasdaq Composite futures</a> fell 1.4%.The drop came after a huge selloff in Credit Suisse shares undermined investor sentiment, with fears growing that <a href="https://markets.businessinsider.com/news/stocks/svb-silicon-valley-bank-collapse-jpmorgan-morgan-stanley-bank-stocks-2023-3">the collapse of Silicon Valley Bank</a> will spiral into a full-blown banking crisis.Credit Suisse's <a href="https://www.marketwatch.com/investing/stock/csgn?countrycode=ch" target="_blank" rel="noopener">Zurich-listed shares</a> plummeted 22% early Wednesday after its top shareholder the Saudi National Bank ruled out extending any more to support the troubled bank, with trading in the stock being halted several times.Its <a href="https://markets.businessinsider.com/stocks/cs-stock">American Depositary Receipts</a> had fallen 18.3% to $2.05 at last check.The extended tumble in Credit Suisse's share price has fueled unease about the global banking sector after SVB, Signature Bank, and Silvergate Capital all imploded over recent days."Investors are now trying to guess which might be the next domino to fall, both in the US and outside it," IG Group's chief market analyst Chris Beauchamp said. "Contagion is on everyone's lips, and at present it is too tough to say whether the crisis can be contained effectively," he added.

Dow dives over 600 points as Credit Suisse selloff injects fresh unease into markets

Good morning! This is Lisa Ryan, reporting from New York. In case you missed the memo yesterday, Aaron Weinman is heading back home to Australia. (We're very sad to see him go, but we wish him a happy reunion with his beloved <a href="https://en.wikipedia.org/wiki/Vegemite">Vegemite</a>.) Some of my colleagues and I will be bringing you the newsletter from here on.Here's what's in store for you today: We've got the SEC chair's comments on <a href="https://markets.businessinsider.com/news/currencies/kim-kardashian-sec-instagram-crypto-gary-gensler-emax-securities-law-2022-10">Kim Kardashian's crypto ad penalty</a>, a look at a leaked script <a href="https://www.businessinsider.com/leaked-documents-detail-wells-fargo-private-bank-transformation-abbott-downing-2022-9">Wells Fargo wealth advisors are following</a>, and a wake-up call about <a href="https://www.businessinsider.com/salary-increase-2023-projections-raise-inflation-jobs-wages-income-2022-10">salary raises this year</a>. But first, let's kick things off with the latest from the <a href="https://markets.businessinsider.com/news/stocks/credit-suisse-lehman-brothers-stock-price-cds-banks-financial-system-2022-10">Credit Suisse turmoil</a>.If this was forwarded to you,<a href="https://www.businessinsider.com/subscription/newsletter/10-things-on-wall-street"> sign up here</a>. Download Insider's app <a href="https://www.insider.com/app">here</a>.<a href="https://markets.businessinsider.com/news/stocks/credit-suisse-lehman-brothers-stock-price-cds-banks-financial-system-2022-10"></a>1. Credit Suisse is fighting speculation that it could be at risk of a Lehman Brothers-style collapse. Rampant inflation, soaring interest rates, signs of a global downturn, falling asset prices, and the UK currency crisis had already spooked investors.Credit Suisse CEO Ulrich Körner's Friday comments that it was a "critical moment" for the bank (ahead of an overhaul plan to be announced on October 27) and to expect more market volatility <a href="https://markets.businessinsider.com/news/stocks/credit-suisse-lehman-brothers-stock-price-cds-banks-financial-system-2022-10">added fuel to the flames.</a>A large Credit Suisse investor told a <a href="https://mobile.twitter.com/CGasparino/status/1576233963294949376">Fox reporter</a> that the lender's credit-default swaps were trading as if a "Lehman moment was about to hit." In turn, senior bank execs rushed to reassure large clients, counterparties, and investors about their liquidity and capital position.On Monday, Credit Suisse shares fell as much as 12% before ending the European trading day in the green. Elsewhere, <a href="https://markets.businessinsider.com/news/stocks/credit-suisse-lehman-brothers-stock-price-cds-banks-financial-system-2022-10">as my colleagues at Markets Insider report</a>, the spread on five-year credit-default swaps climbed as high as 350 basis points — suggesting investors see a far higher chance of the bank defaulting on its debts.There's no reason yet to believe Credit Suisse is at risk of causing a repeat of the 2008 financial crisis. But investors are clearly rattled.<a href="https://markets.businessinsider.com/news/stocks/credit-suisse-lehman-brothers-stock-price-cds-banks-financial-system-2022-10">Read the full story here.</a>In other news:<a href="https://markets.businessinsider.com/news/currencies/kim-kardashian-sec-instagram-crypto-gary-gensler-emax-securities-law-2022-10"></a><div type="image" title="kim k crypto ad" height="1316" width="1754" msid="94643865" hostid="261" sizebytes="78270"></div>2. Kim Kardashian violated a 1930s securities law in promoting crypto on her Instagram, <a href="https://markets.businessinsider.com/news/currencies/kim-kardashian-sec-instagram-crypto-gary-gensler-emax-securities-law-2022-10">SEC chair Gary Gensler said.</a> The reality star agreed to pay the SEC $1.3 million for failing to disclose she was <a href="https://www.businessinsider.com/kim-kardashian-undisclosed-instagram-crypto-ads-sec-settlement-ethereummax-emax-2022-10?r=US&amp;IR=T">paid $250,000 to post about crypto on her Instagram</a>. You can <a href="https://www.businessinsider.com/kim-kardashian-crypto-ad-instagram-post-screenshot-2022-10">see the post in question here</a> — and if you bought any of the EMAX crypto tokens when she promoted them, <a href="https://www.businessinsider.com/kim-kardashian-crypto-emax-ethereummax-sec-promotion-value-plummeted-2022-10">you'd have lost over 95% of your money now</a>. 3. These five fintechs are trying to get wealth managers into crypto. The crypto market has mostly been focused on retail and institutional investors, but companies like Bitwise Investments and Eaglebrook Advisors are<a href="https://www.businessinsider.com/top-fintech-for-crypto-wealth-management-investors-bitcoin-ether-2022-10"> hoping to help wealth managers get into the space.</a>4. Leaked documents reveal the script that Wells Fargo advisors are using to stop clients from jumping ship. The bank is moving tens of thousands of clients out of its private bank, and Wells Fargo is telling advisors what to say about the shakeup. <a href="https://www.businessinsider.com/leaked-documents-detail-wells-fargo-private-bank-transformation-abbott-downing-2022-9">We have the scoop here.</a>5. BlackRock has found a new CFO. Martin Small will replace Gary Shedlin as finance chief, and younger execs have been named as vice chairs, the <a href="https://www.ft.com/content/4a62b085-438a-46fd-820d-8da901017ba0">Financial Times reports</a>. 6. Hoping for a big raise this year? Prepare for disappointment. Recent surveys show companies are only planning to raise salaries by 4% — despite 8.3% inflation. <a href="https://www.businessinsider.com/salary-increase-2023-projections-raise-inflation-jobs-wages-income-2022-10">Here's the deal.</a>7. One of Goldman Sachs' top commodities traders is heading to Millennium Management. Bloomberg reports Anthony Dewell, who helped oversee Goldman's oil-trading business, had been seen as a <a href="https://www.bloomberg.com/news/articles/2022-10-03/goldman-s-top-oil-trader-anthony-dewell-departs-for-millennium?srnd=premium">likely candidate to run the bank's commodities business one day.</a>8. Today in airports close to Wall Street: Per the WSJ, there's a longstanding debate as to whether Newark Airport in New Jersey counts as a NYC airport or not. If you have some time to spare, do yourself a favor and <a href="https://www.wsj.com/articles/is-newark-really-a-new-york-city-airport-snubs-insults-fly-between-rival-hubs-11664807396">read the history of the drama.</a>9. The most expensive home ever sold in Dubai? That'd be the Casa Del Sole, located on the man-made island shaped like a palm tree. It reportedly went for a cool $82 million. <a href="https://www.businessinsider.com/dubai-most-expensive-home-record-palm-jumeirah-construction-2022-10">Take a look.</a>10. Hang, an NFT-based loyalty startup, just raised $16 million from investors like Paradigm, and NBA star Kevin Durant. Here is the 10-slide <a href="https://www.businessinsider.com/pitch-deck-nft-hang-invest-paradigm-mrbeast-kevin-durants-2022-7">pitch deck it used to raise the funds.</a>Keep updated with the latest business news throughout your day by checking out <a href="https://link.chtbl.com/therefresh">The Refresh from Insider</a>, a dynamic audio news brief. <a href="https://link.chtbl.com/therefresh">Listen here.</a>Curated by Lisa Ryan (tweet <a href="https://twitter.com/lisarya">@lisarya</a>) in New York. Edited by Jeffrey Cane (tweet <a href="https://twitter.com/jeffrey_cane">@jeffrey_cane</a>) in New York and Hallam Bullock (tweet <a href="https://twitter.com/hallam_bullock">@hallam_bullock</a>) in London.

You Searched For "credit suisse taken over" and got 11 results

UBS launches its experiential "House of Craft" campaign in New York as Credit Suisse integration continues

Julia Hood

Credit Suisse will be taken over by banking giant UBS, says Swiss government

IANS

Why Musk supports Trump getting rid of EV tax credits

Graham Rapier

After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit

ANI

At 80, Jazzercise's founder is thriving. She credits lean protein, weight-lifting, and treating herself to a daily Dr. Pepper.

Gabby Landsverk

Credit card rewards are turning us into jerks

Emily Stewart

Moody's downgrades outlook for UBS to negative, after Credit Suisse take over

IANS

UBS to cut 3,000 jobs in Switzerland after Credit Suisse takeover

Tom Carter

A real estate CEO predicts hundreds of banks will fail or be taken over by 2026

Theron Mohamed

Dow dives over 600 points as Credit Suisse selloff injects fresh unease into markets

George Glover

Inside the turmoil at Credit Suisse

Lisa Ryan

Popular Keywords

Buying Guides