GLOBAL FINANCE
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UBS expects $17 billion hit from Credit Suisse rescue, flags hasty due diligence
UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing.
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JPMorgan and Barclays back $4.5 billion insurance tech giant Wefox
Wefox maintained its $4.5 billion valuation from its previous round of funding, the company said.
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No Breakthrough in Debt Ceiling Talks
P.M. Edition for May 16. President Biden will cut short a planned overseas trip to focus on the debt ceiling, as party leaders remained at odds...
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Stocks making the biggest moves midday: Horizon Therapeutics, Capital One, RH, Home Depot and more
These are the stocks posting the largest moves midday.