\u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Although Apple\u2019s interest rate of 4.5% is lower than competing accounts like UFB Direct\u2019s 4.81% or SalemFive\u2019s 4.61%, interest rates have remained elevated since the Federal Reserve hiked borrowing rates to tame a rising inflation rate. Besides, with no indicators showing softening inflation, interest rates on savings may increase.<\/p>\n","post_title":"Apple Launches High-Yield Savings Account In Partnership With Goldman Sachs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"apple-launches-high-yield-savings-account-in-partnership-with-goldman-sachs","to_ping":"","pinged":"","post_modified":"2023-04-19 15:57:21","post_modified_gmt":"2023-04-19 05:57:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11016","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Apple\u2019s savings account would be available through Goldman Sachs and insured by the Federal Deposit Insurance Corporation (FDIC), which covers up to $250,000. Notably, Goldman operates its own high-yield account offering a 3.9% interest rate on Marcus.com<\/a>.\u00a0<\/p>\n\n\n\n Although Apple\u2019s interest rate of 4.5% is lower than competing accounts like UFB Direct\u2019s 4.81% or SalemFive\u2019s 4.61%, interest rates have remained elevated since the Federal Reserve hiked borrowing rates to tame a rising inflation rate. Besides, with no indicators showing softening inflation, interest rates on savings may increase.<\/p>\n","post_title":"Apple Launches High-Yield Savings Account In Partnership With Goldman Sachs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"apple-launches-high-yield-savings-account-in-partnership-with-goldman-sachs","to_ping":"","pinged":"","post_modified":"2023-04-19 15:57:21","post_modified_gmt":"2023-04-19 05:57:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11016","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The savings account expands Apple\u2019s array of financial services offerings, comprising Apple Pay, Apple Card, and Apple Pay Later. According to Ted Rossman, a senior analyst at Bankrate, this move could turn the firm into a \u2018top of mind, top of wallet\u2019 platform. <\/p>\n\n\n\n Apple\u2019s savings account would be available through Goldman Sachs and insured by the Federal Deposit Insurance Corporation (FDIC), which covers up to $250,000. Notably, Goldman operates its own high-yield account offering a 3.9% interest rate on Marcus.com<\/a>.\u00a0<\/p>\n\n\n\n Although Apple\u2019s interest rate of 4.5% is lower than competing accounts like UFB Direct\u2019s 4.81% or SalemFive\u2019s 4.61%, interest rates have remained elevated since the Federal Reserve hiked borrowing rates to tame a rising inflation rate. Besides, with no indicators showing softening inflation, interest rates on savings may increase.<\/p>\n","post_title":"Apple Launches High-Yield Savings Account In Partnership With Goldman Sachs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"apple-launches-high-yield-savings-account-in-partnership-with-goldman-sachs","to_ping":"","pinged":"","post_modified":"2023-04-19 15:57:21","post_modified_gmt":"2023-04-19 05:57:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11016","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The savings account expands Apple\u2019s array of financial services offerings, comprising Apple Pay, Apple Card, and Apple Pay Later. According to Ted Rossman, a senior analyst at Bankrate, this move could turn the firm into a \u2018top of mind, top of wallet\u2019 platform. <\/p>\n\n\n\n Apple\u2019s savings account would be available through Goldman Sachs and insured by the Federal Deposit Insurance Corporation (FDIC), which covers up to $250,000. Notably, Goldman operates its own high-yield account offering a 3.9% interest rate on Marcus.com<\/a>.\u00a0<\/p>\n\n\n\n Although Apple\u2019s interest rate of 4.5% is lower than competing accounts like UFB Direct\u2019s 4.81% or SalemFive\u2019s 4.61%, interest rates have remained elevated since the Federal Reserve hiked borrowing rates to tame a rising inflation rate. Besides, with no indicators showing softening inflation, interest rates on savings may increase.<\/p>\n","post_title":"Apple Launches High-Yield Savings Account In Partnership With Goldman Sachs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"apple-launches-high-yield-savings-account-in-partnership-with-goldman-sachs","to_ping":"","pinged":"","post_modified":"2023-04-19 15:57:21","post_modified_gmt":"2023-04-19 05:57:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11016","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
How the account works: once it is registered, funds are automatically deposited through a linked bank account. Also available is a savings dashboard on the wallet app, allowing users to track their funds. According to the announcement, withdrawals can be made by transferring funds to the linked bank account or the Apple Cash card.<\/p>\n\n\n\n The savings account expands Apple\u2019s array of financial services offerings, comprising Apple Pay, Apple Card, and Apple Pay Later. According to Ted Rossman, a senior analyst at Bankrate, this move could turn the firm into a \u2018top of mind, top of wallet\u2019 platform. <\/p>\n\n\n\n Apple\u2019s savings account would be available through Goldman Sachs and insured by the Federal Deposit Insurance Corporation (FDIC), which covers up to $250,000. Notably, Goldman operates its own high-yield account offering a 3.9% interest rate on Marcus.com<\/a>.\u00a0<\/p>\n\n\n\n Although Apple\u2019s interest rate of 4.5% is lower than competing accounts like UFB Direct\u2019s 4.81% or SalemFive\u2019s 4.61%, interest rates have remained elevated since the Federal Reserve hiked borrowing rates to tame a rising inflation rate. Besides, with no indicators showing softening inflation, interest rates on savings may increase.<\/p>\n","post_title":"Apple Launches High-Yield Savings Account In Partnership With Goldman Sachs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"apple-launches-high-yield-savings-account-in-partnership-with-goldman-sachs","to_ping":"","pinged":"","post_modified":"2023-04-19 15:57:21","post_modified_gmt":"2023-04-19 05:57:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11016","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u2018\u2018Our goal is to build tools that help users lead healthier financial lives, and building savings into Apple Cards in wallets enables them to spend, send, and save daily cash directly and seamlessly from one place,\u2019\u2019<\/em> Apple vice president Jennifer Bailey said in a press release<\/a>.<\/p>\n\n\n\n How the account works: once it is registered, funds are automatically deposited through a linked bank account. Also available is a savings dashboard on the wallet app, allowing users to track their funds. According to the announcement, withdrawals can be made by transferring funds to the linked bank account or the Apple Cash card.<\/p>\n\n\n\n The savings account expands Apple\u2019s array of financial services offerings, comprising Apple Pay, Apple Card, and Apple Pay Later. According to Ted Rossman, a senior analyst at Bankrate, this move could turn the firm into a \u2018top of mind, top of wallet\u2019 platform. <\/p>\n\n\n\n Apple\u2019s savings account would be available through Goldman Sachs and insured by the Federal Deposit Insurance Corporation (FDIC), which covers up to $250,000. Notably, Goldman operates its own high-yield account offering a 3.9% interest rate on Marcus.com<\/a>.\u00a0<\/p>\n\n\n\n Although Apple\u2019s interest rate of 4.5% is lower than competing accounts like UFB Direct\u2019s 4.81% or SalemFive\u2019s 4.61%, interest rates have remained elevated since the Federal Reserve hiked borrowing rates to tame a rising inflation rate. Besides, with no indicators showing softening inflation, interest rates on savings may increase.<\/p>\n","post_title":"Apple Launches High-Yield Savings Account In Partnership With Goldman Sachs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"apple-launches-high-yield-savings-account-in-partnership-with-goldman-sachs","to_ping":"","pinged":"","post_modified":"2023-04-19 15:57:21","post_modified_gmt":"2023-04-19 05:57:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11016","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The savings account offers a starting yield of 4.15% with no minimum deposits, balances, or fees. The account would reportedly be integrated into iPhone\u2019s Wallet app for the users' convenience. <\/p>\n\n\n\n \u2018\u2018Our goal is to build tools that help users lead healthier financial lives, and building savings into Apple Cards in wallets enables them to spend, send, and save daily cash directly and seamlessly from one place,\u2019\u2019<\/em> Apple vice president Jennifer Bailey said in a press release<\/a>.<\/p>\n\n\n\n How the account works: once it is registered, funds are automatically deposited through a linked bank account. Also available is a savings dashboard on the wallet app, allowing users to track their funds. According to the announcement, withdrawals can be made by transferring funds to the linked bank account or the Apple Cash card.<\/p>\n\n\n\n The savings account expands Apple\u2019s array of financial services offerings, comprising Apple Pay, Apple Card, and Apple Pay Later. According to Ted Rossman, a senior analyst at Bankrate, this move could turn the firm into a \u2018top of mind, top of wallet\u2019 platform. <\/p>\n\n\n\n Apple\u2019s savings account would be available through Goldman Sachs and insured by the Federal Deposit Insurance Corporation (FDIC), which covers up to $250,000. Notably, Goldman operates its own high-yield account offering a 3.9% interest rate on Marcus.com<\/a>.\u00a0<\/p>\n\n\n\n Although Apple\u2019s interest rate of 4.5% is lower than competing accounts like UFB Direct\u2019s 4.81% or SalemFive\u2019s 4.61%, interest rates have remained elevated since the Federal Reserve hiked borrowing rates to tame a rising inflation rate. Besides, with no indicators showing softening inflation, interest rates on savings may increase.<\/p>\n","post_title":"Apple Launches High-Yield Savings Account In Partnership With Goldman Sachs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"apple-launches-high-yield-savings-account-in-partnership-with-goldman-sachs","to_ping":"","pinged":"","post_modified":"2023-04-19 15:57:21","post_modified_gmt":"2023-04-19 05:57:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11016","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10948,"post_author":"13","post_date":"2023-04-15 14:02:30","post_date_gmt":"2023-04-15 04:02:30","post_content":"\n Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\nDivided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
\u2018Top Of Mind, Top Of Wallet\u2019 Status<\/h2>\n\n\n\n
\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
\u2018Top Of Mind, Top Of Wallet\u2019 Status<\/h2>\n\n\n\n
\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
\u2018Top Of Mind, Top Of Wallet\u2019 Status<\/h2>\n\n\n\n
\n
Divided Legislature Over The Credit Suisse \u2013 UBS Deal<\/h2>\n\n\n\n
\u2018Top Of Mind, Top Of Wallet\u2019 Status<\/h2>\n\n\n\n
\n