Bank and financial services stocks

Clients, Banking Partners Retreat From Odey After Allegations

(Bloomberg) -- Odey Asset Management, whose founder Crispin Odey is facing new allegations of sexual assault, is scrambling to reassure clients and business partners after some firms pulled money and major investment banks started distancing themselves.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarUkraine’s New Tanks Are Seen in Action as C

Goldman Sachs fintech executive Stephanie Cohen to take leave of absence: memo

Stephanie Cohen, the head of Goldman Sachs Group Inc's fintech unit called Platform Solutions, is taking a leave of absence for family reasons, she said in a memo to staff seen by Reuters. Philip Berlinski, the bank's treasurer, and Ericka Leslie, its chief administrative officer, will handle Cohen's responsibilities in her absence. Cohen is the only woman executive to lead one of Goldman's three main business units.

Is Diversified Healthcare Trust (DHC) Stock Outpacing Its Finance Peers This Year?

Here is how Diversified Healthcare (DHC) and ING Groep (ING) have performed compared to their sector so far this year.

• 
  Here's Why Diversified Healthcare (DHC) is a Great Momentum Stock to Buy

  Zacks
• 
  Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: What You Should Know

  Zacks

Even Japan Wants More Foreign Workers, and It Is Letting Them Stay for Good

Long known for keeping out immigrants, Japan is now throwing the door open to a broad range of foreign workers to enter and potentially stay for good.

Factbox-UBS, government agree on Credit Suisse loss guarantees - key points

* The guarantee covers a volume of around 44 billion Swiss francs ($48.85 billion), which corresponds to approximately 3% of the combined assets of the merged UBS Group. * The specific portfolio details are confidential, but the assets are mainly derivatives, loans, legacy assets and structured products. * A net approach will be adopted meaning realised gains, relative to the current Credit Suisse valuation, on the realisation of assets will generally be offset against losses.

• 
  UBS, government sign Credit Suisse loss-sharing deal clearing way for deal to close

  Reuters
• 
  UBS, Swiss Government Seal $10 Billion Loss Guarantee Deal

  Bloomberg

Here is What to Know Beyond Why The Charles Schwab Corporation (SCHW) is a Trending Stock

Zacks.com users have recently been watching The Charles Schwab Corporation (SCHW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

• 
  Palo Alto Networks, Inc. (PANW) is Attracting Investor Attention: Here is What You Should Know

  Zacks
• 
  Morgan Stanley (MS) is Attracting Investor Attention: Here is What You Should Know

  Zacks

Morgan Stanley (MS) is Attracting Investor Attention: Here is What You Should Know

Zacks.com users have recently been watching Morgan Stanley (MS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

• 
  Here is What to Know Beyond Why The Charles Schwab Corporation (SCHW) is a Trending Stock

  Zacks
• 
  Palo Alto Networks, Inc. (PANW) is Attracting Investor Attention: Here is What You Should Know

  Zacks

HSBC Among UK Banks Pulling Mortgage Deals From the Market

(Bloomberg) -- UK lenders, led by HSBC Holdings Plc, are removing mortgage deals from the market again as they prepare to reprice home loans to account for inflation.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarUkraine’s New Tanks Are Seen in Action as Counteroffensive Gets UnderwayLeaving New York for Miami Can Save Nearly $200,000Giving

Citi (C) Dissolves FX Strategy & Corporate Bond Trading Team

Citigroup (C) makes staffing reductions by taking down its corporate bond trading team in Latin America and the CitiFX global FX strategy.

Citi to Cut 50 London Jobs in Investment and Corporate Banking

(Bloomberg) -- Citigroup Inc. is planning to cut 30 investment banking jobs and 20 more in its corporate banking unit in London in its latest wave of redundancies.Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarUkraine’s New Tanks Are Seen in Action as Counteroffensive Gets UnderwayLeaving New York for Miami Can Save Nearly $200,000The cuts a

Goldman Exec Stephanie Cohen Is Going on Leave

A Goldman executive who runs a big piece of its consumer business is going on leave. Stephanie Cohen, who oversees Goldman's credit-card partnerships with Apple and General Motors and consumer lender GreenSky, told employees Friday morning that she’s taking time away from work to focus on her family. "This break will allow me to be the best I can be for Goldman Sachs upon my return, which is something I have taken pride in my entire career."

Easy-access savings deals hit 4pc for first time since 2009

Easy-access savings rates have hit 4pc for the first time since 2009.

UBS Clears Final Hurdle for Credit Suisse Deal

UBS is set to close its [controversial purchase](https://www.wsj.com/articles/ubs-credit-suisse-rescue-switzerland-banks-36abe8c4) of collapsed peer Credit Suisse next week, after sealing a loss protection agreement with the Swiss government to cover the sale of some assets. Here are some key points of the agreement: + The Credit Suisse assets that UBS wants to sell are estimated to be worth **44 billion Swiss francs**—the equivalent of about $49 billion—and are about 3% of UBS’s total following the acquisition, according to the Swiss government. + They include bread-and-butter loans to companies and individual customers, and more complex hedging and structured products.

UBS, Swiss Government Seal $10 Billion Loss Guarantee Deal

(Bloomberg) -- UBS Group AG sealed an agreement with the Swiss government to cover 9 billion francs ($9.9 billion) of losses it could incur from the rescue of Credit Suisse Group AG, clearing the last major hurdle to closing the historic takeover. Most Read from BloombergAmericans Are Leaving Portugal as Golden Visa Honeymoon EndsDonald Trump Charged in Florida Over Secret Documents CaseRussian Elite Is Souring on Putin’s Chances of Winning His WarUkraine’s New Tanks Are Seen in Action as Counte

• 
  UBS, government sign Credit Suisse loss-sharing deal clearing way for deal to close

  Reuters
• 
  Factbox-UBS, government agree on Credit Suisse loss guarantees - key points

  Reuters

Is Schwab Fundamental International Small Company Index ETF (FNDC) a Strong ETF Right Now?

Smart Beta ETF report for FNDC

• 
  Is Invesco Dynamic Building & Construction ETF (PKB) a Strong ETF Right Now?

  Zacks
• 
  Is SPDR S&P Dividend ETF (SDY) a Strong ETF Right Now?

  Zacks

Banks tweak mortgage offers anticipating interest rate rises

HSBC, Halifax and Nationwide are among banks tweaking rates.

This Bargain Stock Is the Cheapest It's Been in Years

Like bargain stocks? There are certainly plenty of them out there now. That's particularly true among banking names. Between general economic malaise and a souring lending environment, investors are anything but stoked about owning finance sector tickers.

77% of Warren Buffett's $347 Billion Portfolio Is Invested in Only 5 Stocks

Approximately $266 billion of Berkshire Hathaway's $347 billion investment portfolio is tied up in a handful of brand-name companies.

Trending tickers: Tesla | Carvana | Croda | Vodafone

Tesla, Carvana and Vodafone all saw swings in their stock price over the last 24 hours.

• 
  GM Will Join Tesla's EV Charging Network in Step Closer to US Industry Standard

  Bloomberg
• 
  GM, Tesla announce agreement to expand access to Tesla's Supercharger network

  Yahoo Finance

UBS, government sign Credit Suisse loss-sharing deal clearing way for deal to close

ZURICH (Reuters) -UBS and the Swiss government agreed on Friday how they will share losses linked to the bank's emergency takeover of Credit Suisse, clearing the way for the deal to close within days, and creating a giant Swiss bank and cementing its position as a global wealth manager. Under the deal, negotiated since Credit Suisse's rescue in March, the government will guarantee up to 9 billion Swiss francs ($9.98 billion) of losses UBS may incur from the sale of its rival's assets beyond 5 billion francs the lender is due to cover itself. It comes with various conditions, including the bank's commitment to keeps its headquarters in Switzerland, the government said in a statement.

• 
  UBS, Swiss Government Seal $10 Billion Loss Guarantee Deal

  Bloomberg
• 
  Factbox-UBS, government agree on Credit Suisse loss guarantees - key points

  Reuters

Swiss government says it has reached agreement with UBS on loss guarantees

The Swiss government has signed an agreement with UBS to cover up to 9 billion Swiss francs ($10.01 billion) in losses from its emergency takeover of Credit Suisse, the finance ministry said on Friday. "To make the takeover possible, the government granted UBS a guarantee for any losses incurred in the liquidation of Credit Suisse assets," the government said. "The guarantee will only come into effect if the losses from the liquidation of these assets exceed 5 billion Swiss francs and is limited to a total of 9 billion," it added.