credit suisse

The Swiss bank’s $3.5 billion issue of contingent convertible bank capital drew 10 times as many investors as it needed, showing the market has already forgotten how holders of these bonds fared in the case of the collapsed Credit Suisse.

Much of the 2.4 per cent decline in global wealth in 2022 – the second-biggest this century – stemmed from US dollar appreciation, but even controlling for exchange rates it was the slowest wealth increase since the GFC, UBS and Credit Suisse said in a new report. But global wealth inequality fell, as richer countries took the biggest hit.

Despite increased volatility emanating from the banking sector, tech stocks have been supported by falling bond yields on fears the global economy could slip into recession this year, with big-name companies leading the gains.

A look at some of the broker calls following the end of “confession season” where listed companies seek to get guidance and upgrades out ahead of their full-year reports.

And just like that, another financial year passes by before you even know it. Where did the year go? Well, to make the most of what’s left of this year, now is the perfect time to assess your capital gains tax position on shares and other assets purchased during this financial year. And yes, according…

BetMakers Technology Group (ASX: BET) makes a $4 billion proposal to buy Tabcorp’s wagering unit. It bids higher than competing offers by Entain and Apollo. BetMakers shares fall, TAH shares rise. BetMakers has lobbed a $4bn takeover offer to buy all the shares in pokies and wagering business Tabcorp Holdings (ASX: TAH). Under the BetMakers…