Credit Suisse and UBS are in talks to merge – FT

UBS (UBSG.S) is in discussions to acquire Credit Suisse (CSGN.S), with the boards of Switzerland's two biggest lenders meeting separately this weekend, the Financial Times reported. The Swiss National Bank and regulator FINMA are organizing…

Despite banking turmoil, the ECB continues to hike rates

In spite of financial market chaos and calls by investors to dial back policy tightening at least until sentiment stabilizes, the European Central Bank (ECB) raised interest rates by 50 basis points on Thursday in an attempt to curb…

Vatican to return three Parthenon sculptures to Greece

Two centuries after they were stolen, three Parthenon sculpture fragments are being returned to Greece. Western museums are increasingly settling restitution disputes. It is not necessarily a state-to-state transfer, but Vatican officials…