Some clients may want to move assets: Credit Suisse
Credit Suisse told staff its wealth assets are operationally separate from UBS for now, but once they merged clients might want to consider moving some assets to another bank if concentration was a concern, according to an internal memo.
- Reurters
Bitcoin climbs to 9-month high
Bitcoin climbed to a nine-month high on Monday as turmoil in the banking sector drives some investors to turn to digital assets, as the cryptocurrency built on its best week in four years. The biggest cryptocurrency rose as far as $28,567, its highest since mid-June, and was last up 0.9 per cent, amid growing expectations that central banks would slow the pace of interest rate hikes.
- Reuters
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