Tue, Mar 19, 2024
A second issue came about because Credit Suisse's Common Equity Tier 1 ratio capital was not of high enough quality. "
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Sun, Oct 29, 2023
The Swiss franc hit its strongest level since 2015 against the euro last Friday, on the back of investor risk aversion due to the war in the Middle East, as well as broad weakness in the euro.
Tue, Sep 12, 2023
Asia’s relatively strong economic trajectory and inter-generational transfer of wealth remain long-term drivers of growth but with twin troubles in the region, UBS might not be the only one getting its house in order.
Thu, Aug 31, 2023
Swiss banking giant UBS on Thursday announced plans to save $10 billion in costs, including through 3,000 staff reductions in Switzerland in the coming years, as it moves ahead with “full integration” of longtime rival Credit Suisse's domestic operations following a takeover.
Mon, Jun 12, 2023
UBS-Credit Suisse deal: Commenting on the biggest banking deal since the 2008 global financial crisis, UBS CEO Sergio Ermotti and Chairman Colm Kelleher said, "This is the start of a new chapter," in an open letter published in Swiss newspapers.
Sun, Jun 11, 2023
UBS declined to comment, while Credit Suisse did not immediately respond to a Reuters request for comment.
Mon, Jun 05, 2023
As part of the acquisition deal, the Credit Suisse shareholders will get one UBS share for every 22.48 outstanding shares.
Mon, Apr 24, 2023
The takeover by UBS is expected to close in the coming months and was designed in part to help stabilize the global financial system that the collapse of two U.S. Banks had roiled.
Wed, Apr 05, 2023
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex held on to the green after a mildly positive start on Wednesday, April 5, as the Indian share market resumed trading following the Mahavir Jayanti holiday. The Indian share market shrugged off largely negative cues from its global peers, as signs of a slowing US labour market and slowing manufacturing activity led to nervousness among investors about the economic outlook. All eyes back home remain on a key decision on benchmark interest rates by RBI Governor Shaktikanta Das-led Monetary Policy Committee due on Thursday. Catch HIGHLIGHTS of all the action in the Indian share market on April 5, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog.
Tue, Apr 04, 2023
Credit Suisse swooned from scandal to scandal in recent years: Bad bets on hedge funds; accusations of violating a US plea deal by failing to report secret offshore accounts held by wealthy Americans to avoid paying taxes; failing to do enough to prevent money laundering by a Bulgarian cocaine ring.
Fri, Mar 31, 2023
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex staged a rally on Friday backed by strong buying interest across sectors, as trading resumed after the Ram Navami holiday. Catch HIGHLIGHTS of all the action in the Indian share market on March 31, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog.
Wed, Mar 29, 2023
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex finished higher on Wednesday amid broad--based gains, with financial, IT and FMCG shares being the top contributors. Globally, shares saw mixed moves as a rescue deal for Silicon Valley Bank (SVB) brought a sigh of relief to investors rocked by wild swings in banking shares but caution persisted about higher-for-longer interest rates. Catch minute-by-minute highlights of all the action in the Indian share market on March 29, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog.
Tue, Mar 28, 2023
US stock market today: The three main indices of the US stock market staged mixed moves on Tuesday, mirroring moves across their Asian and European peers, as a deal between First Citizen and the failed Silicon Valley Bank (SVB) aided the sentiment in banking shares but caution persisted among investors about higher-for-longer benchmark interest rates. Banking stocks have been rocked over the past few weeks thanks to the sudden collapse of SVB and fresh problems at Credit Suisse followed by its takeover.
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex finished a volatile session on Tuesday with minor losses, amid mixed moves across global markets after a deal between First Citizens BancShares and Silicon Valley Bank (SVB) brought a sigh of relief to investors rocked by wild swings in banking shares amid concerns about the health of the system. The US stock market is likely to open on a muted note, despite gains across Asia and Europe, as indicated by Dow Jones futures, which gave up initial gains to turn flat in afternoon deals India time. Global, the SVB deal shifted focus somewhat from worries about higher-for-longer interest rates. The Indian financial market will remain shut on Thursday for the Ram Navami holiday. Catch highlights of all the action in the Indian share market on March 28, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog.
Mon, Mar 27, 2023
The filing on Riyadh's Tadawul stock exchange announced Ammar al-Khudairy's resignation from Saudi National Bank. The Credit Suisse crisis was triggered by al-Khudairy, who, on March 15, said that the Saudi National Bank would no longer provide money to the Swiss bank
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex managed to halt a two-day losing streak with a mild gain on Monday, March 27, as Dalal Street entered a four-trading session week owing to the Ram Navami holiday on Thursday. The rise in the Indian share market comes amid mixed moves across global peers, as optimism about resilience of the banking sector following the Silicon Valley Bank (SVB) and Credit Suisse crisis is countered by the prospect of higher-for-longer interest rates. Catch HIGHLIGHTS of all the action in the Indian share market on March 27, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog:
Sun, Mar 26, 2023
During the review meeting, Finance Minister Nirmala Sitharaman had an open discussion with the MDs and CEOs of PSBs on the global scenario consisting of the failure of the Silicon Valley Bank (SVB) and the Signature Bank (SB) along with issues leading to the crisis in Credit Suisse.
Sat, Mar 25, 2023
This is the first full review meeting after the presentation of Budget 2023-24 and banks would be asked to focus on the areas highlighted by the Budget, including credit flow to productive sectors. The meeting comes against the backdrop of global concern over the failure of banks due to aggressive monetary tightening.
Fri, Mar 24, 2023
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty 50 and Sensex finished a volatile session lower on Friday, falling for a second straight day, dragged by heavyweights such as Reliance, Larsen & Toubro (LT), Bajaj Finance (BAJFINANCE), Bajaj Finserv (BAJFINSV) and ICICI Bank (ICICI Bank). The Indian stock market took negative cues from its Asian and European peers following a wild session in the US, where Treasury Secretary Janet Yellen vowed to take steps to keep deposits safe a day after Fed Chair Jerome Powell announced a hike in the key US interest rates and promised safety of the banking system. Catch highlights of the March 24 session in the Indian share market, the views of Zee Business Managing Editor Anil Singhvi and other experts, realtime market analysis and much more only on Zeebiz.com's blog:
Thu, Mar 23, 2023
Stock Market Today LIVE: Indian equity benchmarks Nifty and Sensex ended a volatile session lower on Thursday, after the Fed's widely-expected 25-basis-point rate hike and promise to continue to fight red-hot inflation amid banking turmoil brought the nervousness back on Wall Street and Asian markets. Catch highlights of the March 23 session in the Indian stock market, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog.
Wed, Mar 22, 2023
The history of the Indian economy safeguarding itself and minimizing the impact from the heat of economic turmoil could be traced back to the Lehman crisis in 2008.
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty and Sensex held on to the green on Wednesday, a day after the Indian stock market nearly recovered the previous day's losses in a strong session. All eyes globally are on the outcome of a key rate decision by Fed Chair Jerome Powell and his team of US policymakers due at 11:30 pm India time. Catch all the LIVE action in the Indian stock market on March 22, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog.
Tue, Mar 21, 2023
As the bank mentioned about cost-cutting, the concern of job losses grew significantly as well. Swiss unions raised concern on Tuesday (March 21) about job losses, two days after UBS swept up Credit Suisse in a government-brokered rescue.
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