WELT: Mr. Utermann, in a dramatic rescue operation, the Swiss UBS took over Credit Suisse. How do you rate the merger? Andreas Utermann: The role of the “Monday morning quarterback”, who analyzes the games from the weekend afterwards, has never suited me. I prefer to look ahead. And then I noticed that the markets have … Read more
“Deutsche Bank has really taken Credit Suisse’s place as the next weak link in the chain, perhaps wrongly,” said analyst David Goebel of Evelyn Partners. The fall in the shares of the European number one thus pulls down the shares of other major European banks as well. What is Deutsche Bank and why is it … Read more
The banking system in free fall Regulators and politicians around the world are trying to allay fears of a new banking crisis. But the bankruptcy of Silicon Valley Bank and the emergency merger of UBS and Credit Suisse were not the end. Even after the experiences of 2008, it was not possible to regulate the … Read more
Has it been the bankruptcy of the Sillicon Valley Bank he nuevo “Lehman Brothers”? Are we at the gates of a new financial crisis? What will happen to interest rates? Will we see drastic drops in the price of money again? There are many questions that arise after the financial earthquake that has shaken the … Read more
Warren Buffett The star investor had already become active during the 2008 financial crisis. (Photo: AP) Denver Bankers, regulators and government officials have been dealing with a central question for days: How can trust in the US banking system be restored after the Silicon Valley Bank (SVB) went bankrupt? Star investor Warren Buffett is apparently … Read more
Bloomberg previously reported that Swiss authorities are considering partial or full nationalization of the country’s second-largest bank. Switzerland should have resorted to this extreme solution in the event that the merger with rival UBS could not be negotiated. As part of the deal, the Swiss central bank will also provide $100 billion to boost Credit … Read more
ZURICH/BERN According to media reports, the Swiss supervisory authorities are urging UBS to take over its smaller local rival. State guarantees are a prerequisite for a deal that will be frantically negotiated over the weekend. The Swiss government in Bern should issue a guarantee to cover the risks associated with the takeover, it said. The … Read more
NEW YORK The leading index Dow Jones Industrial shook off initial losses and recently rose by 0.21 percent to 31,940.38 points. The other indices presented themselves even stronger: The market-wide S&P 500 rose by 0.70 percent to 3919.10 points and the technology-heavy Nasdaq 100 by 1.31 percent to 12,411.57 points. Shortly before the start of … Read more
CNN Indonesia Wednesday, 15 March 2023 21:16 WIB Credit Suisse shares fell more than 20 percent after its biggest backer appeared to refuse to provide the Swiss bank with further funding. (AFP/FABRICE COFFINI). Jakarta, CNN Indonesia — Shares Swiss credit fell more than 20 percent on Wednesday to its lowest level, after its biggest backers … Read more
Swiss Credit Suisse lost more than a quarter of its market capitalization on Wednesday after its biggest investor, Saudi National Bank, refused to inject more money into the bank. Reuters. “We can not [сделать этого]because our share would exceed 10%. This is a regulatory issue,” said Saudi bank chief Ammar Al-Khudayri, who now holds a … Read more