The Financial Times reported on Sunday that individual investors who lost money when UBS acquired Credit Suisse last March intend to file a lawsuit to challenge the acquisition. The newspaper said: The Swiss Association for the Protection of Investors intends to file the lawsuit before the Commercial Court in Zurich on Monday on behalf of … Read more
The global economy is facing a perilous phase as inflation becomes “much stickier,” warns the International Monetary Fund (IMF). With inflation rates picking up all over the world, the IMF is warning that the world’s economies are in danger of overheating. This marks a stark warning from the IMF, which has expressed growing concern about … Read more
Disaster bonds “The Swiss Financial Market Supervisory Authority’s decision to write off the entire value of Credit Suisse’s Tier 1 bonds should not affect the catastrophe bonds,” Marcos Alvarez, head of global insurance at DBRS Morning Star, told Bloomberg News. And I think that catastrophe bonds are not going to be activated or repaid in … Read more
Cherry blossoms are a symbol of beauty, hope, and renewal. Each spring, people around the world flock to witness the stunning display of delicate pink or white petals that adorn the branches of ornamental cherry trees. It’s a time for celebration, reflection, and appreciation for the natural world. However, for some, the sight of cherry … Read more
The global banking crisis of 2008-09 was a defining moment for the financial industry that shifted the way regulators, businesses, and consumers think about the economy. The collapse of major financial institutions like Lehman Brothers and Bear Stearns had far-reaching implications that left an indelible mark on the global economy. One of the most immediate … Read more
The banking industry has always been a volatile sector, with various factors influencing the stock prices of banks. In recent news, there has been a significant upheaval in the banking sector, specifically concerning the €3bn takeover of Credit Suisse. This development has sent ripples through the financial market, causing a whipsaw effect in bank shares. … Read more
The European Central Bank (ECB) has announced its readiness to support banks after the $3 billion rescue of Credit Suisse by its Swiss counterpart, FINMA. The move follows recent concerns over the stability of the banking sector in Europe, which have been intensified by the ongoing COVID-19 pandemic. With the ECB standing ready to provide … Read more
In a world where the global banking system is facing unprecedented challenges, recent reports reveal that UBS has confirmed plans to acquire Credit Suisse in a significant move to address the looming crisis. This merger represents one of the largest deals in Swiss banking history and has the potential to reshape the financial landscape in … Read more
It seems that UBS, one of Switzerland’s largest banks, may be stepping up to the plate to rescue its competitor from disaster. Recent reports suggest that UBS has made an offer to purchase Credit Suisse, a bank that has been struggling with a series of crises and scandals in recent years. The proposed deal, worth … Read more
The European Central Bank (ECB) has recently announced an increase of half a percentage point in interest rates, taking the headline rate to 1.25%. However, this unexpected move has led to market players dialing down their expectations for any further rate hikes in the near future. This article explores the reasons behind this shift in … Read more