As the Irish government deals with the economic repercussions of the ongoing COVID-19 pandemic, the Irish Strategic Investment Fund is taking steps to sell the National Lottery. As the largest and most popular game in the country, this move could have significant implications for both the Irish economy and the lottery industry as a whole. … 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
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
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
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
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
The Taoiseach of Ireland, Micheál Martin, has remained calm and assured in the face of recent market jitters, which have been sparked by Credit Suisse’s involvement in a series of hedge fund losses. Despite concerns about the stability of Irish banks, Martin has stated that he is “not concerned” about the impact of the Credit … Read more
NEW YORK Higher surcharges had prevented in the course of the week, above all, the increased interest rates on the capital markets. They threaten to erode corporate profits while making stocks less attractive relative to bonds. On Friday, however, the yield on ten-year US Treasury bonds fell below the four percent mark again, which it … Read more