“I lost half my money because of this bank thing.” This was revealed through tears by the actress Sharon Stone during an event dedicated to raising funds to fight cancer.
The “Primal Instinct” star did not say which financial institution she held her fortune, estimated at about $60 million. However, the event took place just days after the collapse of Silicon Valley Bank and Signature Bank. It was also the biggest bank failure in the US since the crisis in 2008. However, Washington announced that all deposits in the two banks were guaranteed and depositors would not lose their money.
Despite her financial turmoil, Stone announced that it didn’t stop her from attending the fundraiser. The actress also opened up about her own health battles, including a near-fatal stroke in 2001 and surgery to remove tumors in her breast in the 1990s.
Meanwhile, CNN claims that Switzerland’s biggest bank, UBS, is in advanced talks to acquire rival Credit Suisse, which recently took out a $54 billion loan to save itself from bankruptcy. According to Reuters, UBS has asked the Swiss government to cover about $6 billion of the costs of buying Credit Suisse. The acquisition could result in 10,000 job cuts. Analysts even thought the deal could be announced as early as Sunday.
The Financial Times, citing two anonymous sources, claims that Credit Suisse customers withdrew 10 billion Swiss francs in deposits in just one day at the end of last week because of the concerns the bank is now raising.
Deutsche Bank is also interested in acquiring shares in Credit Suisse, but a deal in this direction would take more time, say experts.
