Banking and Financial Institutions – Page 202

U.S. Mortgage Rates Soar Past 7%

The average rate on 30-year mortgages — the most popular kind among Americans — rose to the highest level since 2002, tracking the Federal Reserve’s aggressive campaign of rate increases.

By Tara Siegel Bernard

Banking and Financial Institutions Credit Suisse Group AG European Central Bank Facebook Inc Federal Reserve System Meta Platforms Inc Social Media Twitter West, Kanye

Credit Suisse Plans a Big Retreat From Wall Street

Shares in the Swiss banking giant tumbled after its executive team laid out the details of a long-awaited restructuring plan.

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Banking and Financial Institutions Credit and Debt Europe European Central Bank Eurozone Inflation (Economics) Interest Rates Lagarde, Christine

European Central Bank Is Set to Raise Interest Rates Again

Policymakers on Thursday are expected to approve a hefty rate increase to corral prices that have risen “far too high.”

By Eshe Nelson

Banking and Financial Institutions Company Reports Credit Suisse Group AG Klein, Michael S Korner, Ulrich Switzerland

Credit Suisse Unveils Sweeping Revamp to Revive Its Fortunes

The restructuring includes shrinking its investment bank and raising $4 billion in capital from investors, including a state-owned Saudi bank.

By Michael J. de la Merced

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