Swiss suspend bonus payouts to Credit Suisse staffers

( ) -q-29- UNDATED (Correspondent Jeremy House) “two U.S. banks.”

Switzerland’s government says it’s ordering Credit Suisse to temporarily suspend bonuses for employees after orchestrating a plan for the No. 2 Swiss bank to be taken over by rival UBS.

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Out-cue: two U.S. banks]

TAG: Correspondent Jeremy House reporting.

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VERBATIM: The Swiss Department of Finance says federal law allows the government to set “remuneration-related measures” in cases involving Switzerland’s biggest banks. Authorities in Switzerland scrambled late last week and this past weekend to cobble together a $3.25 billion sale of Credit Suisse to UBS. An outflow of deposits and years of trouble raised fears that it could fail and trigger an international financial crisis after the collapse of two U.S. banks.

Biden’s job approval is nearing its lowest point: AP poll

President Biden’s job approval rating has dropped to near its lowest point. After reaching 45 percent approval last month, Joe Biden’s job performance review has dropped to 38 percent. That’s according to a new poll by The Associated Press-NORC Center for Public Affairs Research. The president’s ratings hit their lowest point of his presidency last July, at 36 percent. His handling of the economy continues to be a weak point, with just 31 percent approval.

GOP Hopefuls Gather In South Carolina

Republicans who are seeking to lead their party in the 2024 presidential race are gathering in South Carolina this weekend.  And they’re promoting a goal that’s at the forefront of their agenda — namely, taking on “woke ideology.” The Vision ’24 event in North Charleston is being held by the group Palmetto Family, which lobbies for what it considers to be “biblical values.”  Organizers are describing the gathering as “casting the conservative vision” for the next White House race. More than 400 attendees are expected to hear from presidential hopefuls, including a former South Carolina governor who was Donald Trump’s U.N. ambassador, and tech entrepreneur Vivek Ramaswamy.

Former President Trump Kicks Off Campaign Events

The former President is kicking off his 2024 campaign with two stops along the East Coast. More from Correspondent Bernie Bennett.

Former President Donald Trump kicked off his 2024 White House bid with a stop Saturday in New Hampshire before heading to South Carolina, appearances in early-voting states marking the first campaign events since announcing his latest run more than two months ago.

Those states hold two of the party’s first three nominating contests, giving them enormous power in selecting the nominee.

Mr. Trump and his allies hope the events will offer a show of force behind the former president after a sluggish start to his campaign. In recent weeks, his backers have reached out to political operatives and elected officials to secure support for Mr. Trump at a critical point when other Republicans are preparing their own expected challenges.

Bernie Bennett reporting.

America’s churches are getting their financial house in order

America’s churches are getting their financial house in order

VERBATIM: A new study by LifeWay Research indicates that Protestant congregations have much greater cash reserves in 2023 than they did back in 2016. After the pandemic and other financial shocks, many churches have made it a priority to fix their finances. LifeWay reports that 24% of churches have about a year of operating money in the bank and 32% have at least a half a year’s supply. Mega-churches are more likely than small ones to have big reserves. Michael Harrington, SRN News.

AM SPORTSCAST 3-23

AM SPORTSCAST 3-23