June 2 (Reuters) - Federal Reserve Chair Jerome Powell held a phone call with the head of UBS Group AG in the days before the bank was propelled by Swiss authorities to buy smaller rival Credit Suisse, just one of the dozens of calls and meetings Powell held from mid-March onward as a banking crisis unfolded. Powell's monthly meeting logs, released by the Fed on May 5, showed the U.S. central bank chief spoke with Ralph Hamers, then the UBS chief executive, for 30 minutes on March 14. That was five days before UBS agreed to buy Credit Suisse in a deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. (Reporting By Dan Burns; Editing by Chizu Nomiyama)
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5-day change | 1st Jan Change | ||
27.1 CHF | +0.54% | +10.37% | +3.98% |
03:32pm | Sector Update: Financial Stocks Edge Higher Pre-Bell Monday | MT |
03:02pm | UBS Makes Nearly $5 Billion in AT1 Debt Available for Equity Conversion | MT |
Stocks mentioned in the article
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27.1 CHF | +0.54% | +10.37% | 95.3B | ||
1.256 USD | +0.33% | +0.16% | - | ||
1.081 USD | +0.33% | +0.42% | - | ||
0.7316 USD | +0.07% | +0.19% | - | ||
0.6622 USD | +0.33% | +0.24% | - | ||
0.6026 USD | +0.15% | +0.33% | - | ||
0.012 USD | +0.06% | 0.00% | - | ||
EPS Revisions
1st Jan change | Capi. | |
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+3.98% | 95.3B | |
-1.46% | 118B | |
+13.45% | 69.05B | |
+20.25% | 63.76B | |
+12.39% | 43.7B | |
+14.23% | 43.06B | |
+19.83% | 34.41B | |
+4.30% | 24.92B | |
-0.48% | 23.07B | |
+7.03% | 19.68B |
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