Credit Suisse, UBS shares plunge after takeover announcement
Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion.Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion......»»
Chicago area’s 1st-time homebuyers could get grant from Freddie Mac, Rocket Mortgage
Residents who meet credit score and income qualifications have access to a new $3,000 grant to help with a down payment.Residents who meet credit score and income qualifications have access to a new $3,000 grant to help with a down payment......»»
Banking giant UBS acquiring Credit Suisse for $3.2 billion
Banking giant UBS is buying its smaller rival Credit Suisse for $3.2 billion in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night.Banking giant UBS is buying its smaller rival Credit Suisse for $3.2 billion in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night......»»
Banking giant UBS is acquiring smaller rival Credit Suisse
Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night.Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night......»»
Construction set to begin that will snarl Kennedy Expressway traffic through 2025
Construction on the Kennedy Expressway is set to begin Monday, likely causing major delays for drivers for nearly three yearsConstruction on the Kennedy Expressway is set to begin Monday, likely causing major delays for drivers for nearly three years.....»»
University of Chicago grad students vote overwhelmingly to unionize
The graduate students seek to improve wages and working conditions, including benefits, grievance procedures and support for international students.The graduate students seek to improve wages and working conditions, including benefits, grievance procedures and support for international students......»»
Sued by white business owner, Cook County halts grant program that aimed to ‘close racial wealth’ gap
The suit was filed on behalf of a Chicago chiropractor by a California foundation that “defends Americans’ liberties when threatened by government overreach."The suit was filed on behalf of a Chicago chiropractor by a California foundation that “defends Americans’ liberties when threatened by government overreach.".....»»
Parent of Silicon Valley Bank seeks bankruptcy protection
The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection......»»
Will Americans end up footing the bill for bank failures?
Here are some questions and answers about the cost of the bank collapses.Here are some questions and answers about the cost of the bank collapses......»»
Ford recalls 1.5M vehicles to fix brake hoses, wiper arms
Ford is recalling more than 1.5 million vehicles in the U.S. in two actions to fix leaky brake hoses and windshield wiper arms that can break.Ford is recalling more than 1.5 million vehicles in the U.S. in two actions to fix leaky brake hoses and windshield wiper arms that can break......»»
Why TikTok’s security risks keep raising fears
Both the FBI and the Federal Communications Commission have warned that ByteDance could share TikTok user data with China’s authoritarian government.Both the FBI and the Federal Communications Commission have warned that ByteDance could share TikTok user data with China’s authoritarian government......»»
Big banks create $30B rescue package for First Republic
Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank on Thursday.Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank on Thursday......»»
COVID-19 pill Paxlovid moves closer to full FDA approval
The panel of Food and Drug Administration experts agreed Thursday that the drug is safe and effective for preventing severe COVID-19 in adults with health risks.The panel of Food and Drug Administration experts agreed Thursday that the drug is safe and effective for preventing severe COVID-19 in adults with health risks......»»
Treasury Secretary Janet Yellen tells Congress that US banking system ‘remains sound’
Treasury Secretary Janet Yellen is telling Congress and the nation that the U.S. banking system remains sound.Treasury Secretary Janet Yellen is telling Congress and the nation that the U.S. banking system remains sound......»»
Floods fill some of California’s summer strawberry fields
Yet another potential casualty of the powerful rainstorms that drenched coastal California: hundreds of acres of fresh strawberries slated for America’s supermarket shelves this summer.Yet another potential casualty of the powerful rainstorms that drenched coastal California: hundreds of acres of fresh strawberries slated for America’s supermarket shelves this summer......»»
First Republic rescue plan in the works
Some of America’s largest banks are working on a rescue package for First Republic Bank, according to several media reports.Some of America’s largest banks are working on a rescue package for First Republic Bank, according to several media reports......»»
Credit Suisse shares soar after central bank aid announced
Credit Suisse’s shares soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank.Credit Suisse’s shares soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank......»»
Congressmen, suburbs, Metra disappointed in federal approval of merger expected to bring more freight trains to Chicago area
The decision allows the $31 billion merger of Canadian Pacific and Kansas City Southern to move forward.The decision allows the $31 billion merger of Canadian Pacific and Kansas City Southern to move forward......»»
‘Boneless wing’ or ‘chicken nugget’? Buffalo Wild Wings sued for false advertising
An Illinois man is behind the class-action lawsuit against Buffalo Wild WingsAn Illinois man is behind the class-action lawsuit against Buffalo Wild Wings.....»»
Federal government to penalize North Chicago-based AbbVie over the price of its blockbuster drug Humira
AbbVie and more than a dozen other drugmakers are facing the penalties, for the first time, as part of the federal Inflation Reduction ActAbbVie and more than a dozen other drugmakers are facing the penalties, for the first time, as part of the federal Inflation Reduction Act.....»»