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
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