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
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
A net outflow of more than $450 million from the 13th to the 15th from the US and European funds of the Swiss financial giant Credit Suisse, whose stock prices have plummeted due to financial instability, Morningstar said on the 17th. I found this out through direct research. (2023 REUTERS/Denis Balibouse) [ロンドン １７日 ロイター] – … Read more
Troubled Swiss bank Credit Suisse will boost its liquidity by using an option to borrow up to 50 billion Swiss francs (1.2 trillion CZK) from the Swiss central bank. This is reported by the Reuters agency with reference to the statement of the second largest Swiss bank. On Wednesday, local financial institutions informed that the … 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
Czech beer lovers will soon have one more reason to visit Prague. A new interactive exhibition called “The Original Beer Experience” about Pilsner Urquell – the country’s best-known beer brand – will open on April 21 in the City Palais on the centrally located Wenceslas Square. The opening date was announced by the Czech Tourist … Read more
Leopards for Germany? The Swiss President is skeptical about the tank tax 3/8/2023 5:22 am Germany wants to buy Leopard 2 tanks from Switzerland. It is unclear whether this will work. The Federal President of the country reacts cautiously to the desires with reference to the neutrality requirement. He rules out arms deliveries to Ukraine. … Read more
Original title: Germany asked Switzerland to sell part of the sealed Leopard 2 tanks to make up for the gap caused by weapons aid Germany has asked Switzerland to sell it partially mothballed Leopard 2 tanks, a deal that could allow Germany and other countries to increase military aid to Ukraine, the Swiss government said. … Read more
This Saturday, demonstrations are taking place in Bern in support of Ukraine and a peace plan. Politicians from different parties give speeches. Various parties and organizations called for a national peace rally in Bern. (Archive image) – sda – KEYSTONE/PETER KLAUNZER Ad the essentials in brief A demonstration against the Ukraine war is taking place … Read more
Because Toblerone chocolate will also be made in Slovakia from July, the Swiss pride Matterhorn can no longer adorn the wrapper. We shouldn’t use the word iconic too often. But for chocolate lovers, the Toblerone label is. The Swiss press reported on Friday that the brand should get a different logo, because Toblerone will also … Read more