UBS mentioned Monday it had efficiently concluded its acquisition of troubled rival Credit Suisse, forming a large banking establishment with a steadiness sheet totaling $1.6
Tag: banking crisis
US banks rethink social media as a threat, not a marketing tool
Bankers are beefing up danger administration, monitoring and emergency procedures round the usage of social media after an internet-fueled run toppled Silicon Valley Bank two
UBS says it was forced into undesired Credit Suisse rescue merger
UBS Group has revealed that it was compelled to have interaction in an undesirable shopping for of its cross-town rival Credit Suisse Group amid a
US banking turmoil worsens as PacWest woes fuel fresh selloff
Shares of PacWest Bancorp suffered a pointy decline Thursday regardless of the financial institution’s try to reassure buyers, amid one other pummeling of U.S. regional
US regulators seize First Republic Bank, sell to JPMorgan Chase
U.S. regulators on Monday seized First Republic Bank and introduced a deal to promote all deposits and many of the property of the troubled lender
Credit Suisse takeover prevented Swiss economy collapse: Minister
Finance Minister Karin Keller-Sutter mentioned Sunday that Switzerland’s economic system would in all probability have collapsed if Credit Suisse had gone bankrupt. Keller-Sutter advised an
‘US banks dangle promotions to lock in customer deposits’
Consumers have clamored for banks to pay extra for deposits for months because the U.S. Federal Reserve (Fed) raised rates of interest. Now analysts say
Swiss regulators defend Credit Suisse’s takeover, want more power
The Swiss monetary regulator Wednesday defended the rescue of Credit Suisse via a controversial takeover by rival financial institution UBS as the most effective answer
UBS brings back Ermotti as CEO to steer Credit Suisse takeover
UBS Group AG on Wednesday introduced it was rehiring Sergio Ermotti as CEO to steer its large takeover of neighbor Credit Suisse – a shock
Collapsed Silicon Valley Bank to be acquired by First Citizens
On Monday, U.S. lender First Citizens BancShares introduced it will purchase the deposits and loans of Silicon Valley Bank (SVB), the tech industry-focused monetary establishment