ubs

Swiss authorities are investigating the £2.6bn takeover of Credit Suisse by UBS amid possible breaches of criminal law, with government officials, regulators and executives at both firms under scrutiny. The move comes after Credit Suisse was rescued by its rival two weeks ago due to fears it would implode. The deal saw the creation of an institution with £1.3tn in assets.

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Swiss authorities are investigating the £2.6bn takeover of Credit Suisse by UBS amid possible breaches of criminal law, with government officials, regulators and executives at both firms under scrutiny. The move comes after Credit Suisse was rescued by its rival two weeks ago due to fears it would implode. The deal saw the creation of an institution with £1.3tn in assets.

Swiss prosecutors are investigating the takeover of Credit Suisse by rival UBS, following allegations of illegal collusion and market manipulation. The probe has sent shockwaves through the banking industry, as both Credit Suisse and UBS have faced scrutiny over their secretive dealings and the potentially damaging impact of their merger on competition in the Swiss … Read more

Switzerland reaches a pivotal moment amidst banking crisis – WELT

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Switzerland reaches a pivotal moment amidst banking crisis – WELT

WELT: Mr. Utermann, in a dramatic rescue operation, the Swiss UBS took over Credit Suisse. How do you rate the merger? Andreas Utermann: The role of the “Monday morning quarterback”, who analyzes the games from the weekend afterwards, has never suited me. I prefer to look ahead. And then I noticed that the markets have … Read more

Why the Banking Crises Persist: The Consequences of Gambling with Credit

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Why the Banking Crises Persist: The Consequences of Gambling with Credit

The banking system in free fall Regulators and politicians around the world are trying to allay fears of a new banking crisis. But the bankruptcy of Silicon Valley Bank and the emergency merger of UBS and Credit Suisse were not the end. Even after the experiences of 2008, it was not possible to regulate the … Read more

Canadian Pension Fund Owner Plans Irish Exit by Selling National Lottery

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Canadian Pension Fund Owner Plans Irish Exit by Selling National Lottery

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, prominent investor, steps in amidst SVB bankruptcy causing banking crisis.

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Warren Buffett, prominent investor, steps in amidst SVB bankruptcy causing banking crisis.

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

Credit Suisse’s €3bn takeover causes volatile movement in bank shares.

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Credit Suisse’s €3bn takeover causes volatile movement in bank shares.

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

After Credit Suisse’s €3bn rescue, ECB is prepared to assist banks.

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After Credit Suisse’s €3bn rescue, ECB is prepared to assist banks.

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 Efforts to Prevent Global Banking Crisis, UBS Is Set to Acquire Credit Suisse.

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In Efforts to Prevent Global Banking Crisis, UBS Is Set to Acquire Credit Suisse.

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

Credit Suisse to be acquired by UBS for 45 billion crowns following bankruptcy – E15.cz

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Credit Suisse to be acquired by UBS for 45 billion crowns following bankruptcy – E15.cz

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

Reports suggest UBS proposes purchasing Credit Suisse, which is struggling with a crisis, for a maximum of USD 1 billion.

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Reports suggest UBS proposes purchasing Credit Suisse, which is struggling with a crisis, for a maximum of USD 1 billion.

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