Following a turbulent 10 days, culminating within the 3 billion Swiss francs ($3.2 billion) Swiss-regulator-engineered takeover of Credit Suisse by its rival UBS, the eye
Category: Business
EU’s EIB to break 4-year Türkiye lending ban with earthquake aid
The European Investment Bank (EIB) Monday introduced it could present 500 million euros ($540 million) for Türkiye’s post-earthquake rebuilding efforts, that means the European Union’s
Google suspends Chinese shopping app amid security concerns
Google has suspended the Chinese procuring app Pinduoduo on its app retailer after malware was found in variations of the app from different sources. Google
Inside Swiss’ Credit Suisse rescue that jolted global finance
Switzerland’s political elite was secretly making preparations that may shock the world within the days main as much as a unexpectedly organized press convention held
Central banks try to calm markets after UBS takeover of Credit Suisse
Some of the world’s largest central banks got here collectively on Sunday to cease a banking disaster from spreading as Swiss authorities persuaded UBS Group
Shotgun bank merger triggers political backlash in Switzerland
Switzerland’s two largest political events sharply criticized the UBS takeover of Credit Suisse saying multibillion state help for the deal created monumental dangers for the
Credit Suisse, UBS shares plunge after takeover announcement
The deal follows the collapse of two massive US banks final week that spurred a frantic, broad response from the US authorities to stop additional
Banking drama captivates big money as more turmoil looms
Despite every week of monetary lifelines, central financial institution ensures and a historic banking bailout settlement, hedge fund managers and different outstanding traders suppose it
Russian court freezes all Volkswagen assets in Russia
Russian auto producer GAZ sued the German carmaker for breach of contract after Volkswagen terminated the settlement in August. Volkswagen is trying to promote its
Shares plummet after UBS’s historic takeover of Credit Suisse
Shares of Credit Suisse plunged 63% in early buying and selling Monday after the announcement that banking large UBS would purchase its troubled rival for