UBS, Credit Suisse likely need 10 billion Swiss francs in new capital

Here is the latest Finance News from CNBC.

Airbnb gets $1 billion debt facility from US banks: Source
Airbnb has secured a $1 billion debt facility from some big U.S. banks to aid its new services and finance its expansion plans.

UBS, Credit Suisse likely need 10 billion Swiss francs in new capital: SNB
UBS and Credit Suisse, will likely each need to raise an extra 10 billion Swiss francs in capital to meet new leverage requirements.

Keeping rates low risks triggering US recession, former Fed governor warns
If the Fed won’t start increasing rates, that could cause the next U.S. recession, former Fed Governor Robert Heller said.

Fed dialing back jobs growth optimism
The market’s main Fed confusion stems from not knowing how much weight the central bank places on external factors like Brexit.

DoubleLine’s Gundlach: ‘Rate-hike cycle has left the building’
DoubleLine Capital’s Gundlach said Fed officials are no longer certain they are going to hike rates.

Richard Fisher: Why I would look to raise rates a couple times this year
Richard Fisher explains why he would look to get a couple of increases in rates this year if he was still on the Fed.

Jim Grant’s prediction: Fed will move in the ‘direction of ease’
Jim Grant explains what he believes to be the Fed’s next move, in light of its decision not to raise interest rates.

Did the Fed make the right decision today?
Take our polls here.

Here’s what changed in the new Fed statement
This is a comparison of today’s FOMC statement with the one issued after the Fed’s previous policy-making meeting on April 27.

The Fed maintains 2016 rate forecast, cuts projections for 2017
See how June’s dot plot for federal-funds rate targets compared to that of March.

The Fed’s dovish tone won’t stop this market
The Fed may have been dovish in its statement but investors shouldn’t be too worried, says Northern Trust investment chief Jim McDonald.

Odds for a July rate hike drop after Fed holds steady
The CME Group FedWatch probability for a July rate hike dropped after the Federal Reserve lowered its forecast for the funds rate.

Yellen: Brexit factored in decision, could have consequences for US
Fed Chair Janet Yellen said Brexit concerns were a factor in the central bank’s latest monetary policy decision.

The Fed will likely raise rates twice this year: UBS
Despite a recent weak jobs report, UBS still expects the Fed to raise rates twice this year. Here’s the timing.

Banks taking a beating as Brexit fears mount
Regulatory costs and falling asset values are two threats to banks in a sea of unknowns with vote looming.

SEC accuses ex-portfolio manager Plaford of insider trading
An ex-portfolio manager traded inside information tied to the healthcare industry, a U.S. regulator said.

Cramer: I’m not going to criticize Janet Yellen
CNBC’s Jim Cramer praised Fed Chair Janet Yellen’s judgment ahead of the central bank’s monetary policy statement.

July rate hike is still alive, but faces high hurdles: Strategist
The U.K. must remain in the EU and June’s employment report must improve for the Fed to raise rates, Joseph Tanious says.

Your first trade for Wednesday, June 15
The “Fast Money” traders share which trades they’d make at the market open.

London’s bankers put job hunts on hold as Brexit vote looms
Across the City, workers are staying put as uncertainty around the vote brings hiring to a halt – in spite of a general trend for abysmal bonuses.

Bank of America axe hovers over thousands of retail jobs
As many as 8,000 jobs are set to go at Bank of America’s consumer arm as the digital banking revolution reduces the need for staff and bank tellers.

Japanese bank tests own digital currency based on bitcoin technology
Bank of Tokyo-Mitsubishi UFJ confirmed on Tuesday it is conducting experiments on a digital currency utilizing the technology behind Bitcoin.

Florida bank issues first US credit card for use in Cuba
A small Florida bank will issue the first U.S. credit card intended for use in Cuba.

Alleged fraudster Andrew Caspersen lost more than $100 million on options
Caspersen is expected to take a plea deal from federal prosecutors at his next court hearing July 6.

If you’re seeing a spike in bank overdraft fees, you’re not alone
The largest U.S. banks are increasing the amount of overdraft fees they collect, according to report.

Here’s what the VIX is saying about Brexit and volatility
U.S. and foreign investors have woken up to the fact that a Brexit could become a reality.

Why negative rates are a big deal and the Fed’s hands may be tied
German bond yields just went negative. Here’s why that’s a big deal—and why the Fed’s hands may be tied, explains Ron Insana.

Early movers: BABA, BIDU, MSFT, SHPG, SPLS, GSK & more
Names on the move ahead of the open.

The UK AND Europe will hurt for years if there’s a Brexit, JPMorgan’s Pinto warns
A Brexit would hammer investment in the U.K and Europe for years, JPMorgan’s investment banking boss Daniel Pinto said.

Former airline exec fined $3 million in commodities trading scheme
CME Group has sanctioned a former executive for front-running his own employer’s exchange orders, among other things.

$12 trillion of QE and the lowest rates in 5,000 years … for this?
It all amounts to the “astonishing history investors are living through today,” says one chief investment strategist.

The MSCI decision: Is China ready for prime time?
MSCI will announce whether it will include mainland China stocks Tuesday.

The two tiny banks behind the mega Microsoft-LinkedIn deal
Quattrone’s Qatalyst Partners and Allen & Co. represent LinkedIn in deal with Microsoft.

Walmart Canada to stop accepting Visa, says fees too high
Walmart Canada stores will stop accepting Visa cards because the credit card provider charges merchants “unacceptably high” fees, the retailer said.

Goldman Sachs dips toe into consumer banking
Goldman Sachs is now open to the public, and its interest in the average American appears to be mutual.

Why the Fed may cut rates this year
May’s poor U.S. employment report could trigger an interest rate cut, according to one contrarian investor.

Investors’ chase for yield ‘scares me,’ Cowen trader says
Bond yields are hitting all-time lows, leading investors on a hunt for yield which is scaring Cowen’s David Seaburg.

Trouble for unicorn IPOs?
The hotly anticipated Line offering could be showing signs of fizzling out—and giving the rest of the unicorns pause before going public this year.

Goldman gets NY regulator probe on Malaysia work
The NY DFS is requesting information pertaining to the bank’s Malaysian 1MDB dealings.

Online lending set to see a ‘culling of the herd’
Start-ups are looking to cash in as financing capital has become tough to come by.

Gundlach: Investors avoiding risk because of this
Jeffrey Gundlach of DoubleLine Capital says that investors are dropping risk because of this.