Dubai – Mubasher: A report issued by EZDubai, the area entirely dedicated to e-commerce in Dubai South, expects the size of the e-commerce market in the Middle East and North Africa region to reach $57 billion in 2026, equivalent to a compound annual growth rate of 11% during the period from 2022 to 2026. According … 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
Was last Sunday’s decision that Switzerland’s second-largest bank, Credit Suisse, which was founded in 1856, would be taken over by its larger rival UBS, as part of a state-backed rescue of the bank? It is not for nothing that some banks are said to have “too big to fail” status. Some banks simply do not … Read more
We are looking for a motivated employee with in-depth experience in the credit sector to strengthen the organizational unit Risk Management in the area of credit (Credit Risk Management). Main tasks Monitoring of the loan portfolio (individual items and overall portfolio) Checking the correct classification and valuation of individual loans and the loan portfolio Monitoring … Read more
Original title: Focus on technology attracts attention, early cash out is questioned, Silicon Valley Bank falls in his hands Silicon Valley Bank, which focuses on providing financial services to start-ups, suddenly went bankrupt recently, becoming the largest bank failure in the United States since the 2008 financial crisis. The sudden collapse of Silicon Valley Bank … 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
UBS, one of the largest banks in Switzerland, is reportedly considering a takeover of Credit Suisse, a move that would create the country’s largest financial institution. The possible acquisition comes as Credit Suisse and other major banks face fallout from risky trading practices and potential fines from US regulators. The merger would have significant implications … Read more
According to UBS, the government guarantees should cover the costs of liquidating parts of Credit Suisse and any legal disputes. According to the Financial Times (FT), the Swiss National Bank wants to find an uncomplicated solution to the current situation before the markets open on Monday. If the banks merge, it would be the largest … Read more
Jakarta – First Republic Bank in the United States (US) became one of the institutions that were on the brink of the impact of the case of the collapse of Silicon Valley Bank. The shaky trust of customers caused the bank’s shares to drop and deposits decreased. Even so, a group of large US banks … Read more