European markets are heading for a positive open on Tuesday as investor nerves settle after UBS' takeover of rival bank Credit Suisse.
CNBC Pro: RBC names 5 global financial stocks to buy right now as banks sell off
The recent share price falls in European financial institutions have presented a buying opportunity, according to RBC Capital Markets. The investment bank named five stocks to buy during the share price dip, noting that these financial institutions are not the type ever to face a bank run.CNBC Pro: Goldman’s Oppenheimer says stocks will stay ‘fat and flat’ — and reveals how to trade it
Fears of contagion in the banking sector may have subsided with a rescue deal for Credit Suisse, but Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer believes stocks are not out of the woods yet. "Even if markets rebound from current levels in the short term, high uncertainty and lowered confidence levels are likely to mean an ongoing 'fat & flat' market given that valuations do not look particularly attractive," he said.
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US and European policymakers issue statement following UBS-Credit Suisse dealIn a joint statement on Sunday, US Federal Reserve Chair Powell and Treasury Secretary Yellen said that “the US banking system's capital and liquidity
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European markets set for mixed open after UBS buys troubled rival Credit SuisseEuropean markets are heading for a flat to mixed open on Monday, with regional markets lacking direction at the start of the new trading week.
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Credit Suisse Shares Plunge 60% And European Bank Stocks Slide After UBS RescueOil prices and global shares fell after UBS unveiled plans to buy its struggling Swiss rival Credit Suisse for $3.2 billion over the weekend.
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Credit Suisse Shares Plunge 60% And European Bank Stocks Slide After UBS RescueOil prices and global shares fell after UBS unveiled plans to buy its struggling Swiss rival Credit Suisse for $3.2 billion over the weekend.
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Musk responds to $100B credit line in $2B UBS-Credit Suisse deal: 'Wow'Twitter CEO Elon Musk responded to the news that UBS would get a $100 billion credit line in the buyout of Credit Suisse for $2 billion, with one word: wow.
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Crunch time for Credit Suisse talks as UBS seeks Swiss assurances By Reuters*CRUNCH TIME FOR CREDIT SUISSE AS UBS AND SWISS REGULATORS RUSH TO SEAL TAKEOVER DEAL AS SOON AS SUNDAY: REPORTS
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