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 SECTOR
Turkish central bank reverses rule on credit card cash withdrawals
Türkiye’s central financial institution has rescinded its resolution made this week that mandated banks to carry securities for money withdrawals made utilizing bank cards and
Türkiye’s inflation to fall further in absence of major lira volatility
Türkiye’s inflation is anticipated to fall additional towards year-end with out main volatility or a big depreciation within the Turkish lira, in line with a
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
Turkish central bank hikes FX conversion requirement for banks
Türkiye’s central financial institution has introduced that lenders will now be mandated to transform 10% of their international foreign money deposits into Turkish lira or
Credit Suisse no longer seeing outflows: UBS CEO
UBS Chief Executive Sergio Ermotti stated on Friday that the state of affairs at Credit Suisse has stabilized and he didn’t assume outflows on the
UBS replaces CFO, keeps Credit Suisse’s Koerner in top team
UBS Group mentioned on Tuesday that Credit Suisse CEO Ulrich Koerner would keep on after the takeover of its Swiss rival as a part of
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
Fed up with shrinking savings, Europeans pull billions from banks
More and extra European savers are withdrawing their funds from banks, as they search for higher offers, as banks refuse to pay for retaining deposits
Turkish banks see $5.6B net profit in March
The internet revenue of Turkish banks amounted to TL 107.3 billion ($5.6 billion) in March, in accordance with information launched on Wednesday. The determine was