Up with Synopsys, down with Saron mortgages – and other stock market tips of the week In “Switzerland at the Weekend”, our money columnist François Bloch writes why the numbers at the US company Synopsys are going up, why the VAT shares promise profits and how you can get mortgages cheaper. The Dutch technology stock … Read more
UBS put an end to a decades-old legal dispute involving Credit Suisse in Mozambique. An out-of-court solution was found. UBS logo at the headquarters on Zurich’s Paradeplatz. – keystone Ad the essentials in brief UBS resolved an old Credit Suisse scandal in Mozambique. The East African state and the bank found a solution before the … Read more
This lawsuit could have cost Lukas Hässig his existence: In December, the Swiss financial journalist announced that the major Swiss bank Credit Suisse, which was still independent at the time, had filed a lawsuit against him and his portal Inside Paradeplatz. The blog, almost a one-man operation, is read intensively in banking circles. Irrespective of … Read more
The Swiss are the richest people in the world. This is the conclusion of Credit Suisse (CS) in its annual study on the development of household wealth around the world. The bank presented the “Global Wealth Report”, which has been published for 14 years, on Tuesday for the first time together with UBS, under whose … Read more
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“UBS plans to conclude the process of taking over Credit Suisse as early as June 12. At this time, Credit Suisse Group AG will be merged into UBS Group AG,” UBS said in a statement. After the deal closes, Credit Suisse and American Depositary Shares (ADS) will be delisted from the SIX Swiss Exchange and … Read more
The National Council rejects federal financial guarantees in connection with the CS takeover. Mitte and FDP fear destabilization as a result of the decision. FDP party president Thierry Burkart in an interview with Nau.ch – Nau.ch Ad the essentials in brief The grand chamber voted no to Credit Suisse loans from the federal government. The … 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
Swiss prosecutors are investigating the takeover of Credit Suisse by rival UBS, following allegations of illegal collusion and market manipulation. The probe has sent shockwaves through the banking industry, as both Credit Suisse and UBS have faced scrutiny over their secretive dealings and the potentially damaging impact of their merger on competition in the Swiss … Read more
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
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