UBS Rescues Credit Suisse in a Swiss Government-Brokered Deal
In one of the biggest bank mergers, The Union Bank of Switzerland, better known as UBS, has taken over the 167-year-old Credit Suisse on March 19 for $3.25 billion. The Switzerland government-backed deal came after a weekend consisting of emergency dialogues between the two banks and the country’s financial regulators. The government-brokered deal was aimed […]
Silicon Valley Falls: Cracks Spread Across the United States’ Economy
The ripple effects of the tech bank’s failure is rapidly spreading across America’s industries. The fall of the Silicon Valley Bank (SVB) is a classic example of falling from grace to grass as the banking giant experienced a failure on Friday, March 10, 2023. It was the demise of an institution that had supported several […]
Hubble’s Messier Catalog
Even the great observer Charles Messier had trouble seeing this globular cluster when building his Catalog of Nebulae and Star Clusters. It was originally spotted in 1752 by a French astronomer in what is now South Africa, but it took until 1778 for Messier to catalog it. This is because, while Messier 55 is large […]