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Tag: BANKING SECTOR

Turkish central bank unveils new steps to boost de-dollarization
Business

Turkish central bank unveils new steps to boost de-dollarization

April 7, 2023

Türkiye’s central financial institution introduced on Friday recent steps consistent with its targets to spice up de-dollarization and preserve down Turkish lira authorities bond yields.

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Top UK banks’ pay gaps widen as finance makes slow progress
Business

Top UK banks’ pay gaps widen as finance makes slow progress

April 5, 2023

Leading banks equivalent to HSBC, Goldman Sachs, Morgan Stanley and Standard Chartered disclosed a widening pay hole between men and women in 2022, in keeping

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UBS assures investors shotgun Credit Suisse takeover can pay off
Business

UBS assures investors shotgun Credit Suisse takeover can pay off

April 5, 2023April 5, 2023

UBS executives Wednesday sought to guarantee buyers that Switzerland’s largest financial institution could make its surprising takeover of Swiss rival Credit Suisse work and payoff

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Europe’s banks turn to bespoke loan trades to offload risks
Business

Europe’s banks turn to bespoke loan trades to offload risks

April 5, 2023April 5, 2023

European banks are more and more resorting to bespoke offers with buyers reminiscent of hedge funds to dump a few of the dangers related to

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Swiss regulators defend Credit Suisse’s takeover, want more power
Business

Swiss regulators defend Credit Suisse’s takeover, want more power

April 5, 2023April 5, 2023

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

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Credit Suisse chair says ‘truly sorry’ as shareholder fury grows
Business

Credit Suisse chair says ‘truly sorry’ as shareholder fury grows

April 4, 2023

The chairperson of Credit Suisse stated Tuesday he was “truly sorry” as he apologized to shareholders for the failures of the once-venerable financial institution, acknowledging

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‘Up to 30% of jobs may go in UBS-Credit Suisse merger’
Economy

‘Up to 30% of jobs may go in UBS-Credit Suisse merger’

April 2, 2023April 2, 2023

The merger between banks Credit Suisse and UBS may minimize as much as 36,000 jobs worldwide, the SonntagsZeitung weekly reported Sunday. The Swiss authorities rapidly

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Turkish banks’ net profit up 68% to .48B in Jan-Feb
Business

Turkish banks’ net profit up 68% to $3.48B in Jan-Feb

March 29, 2023March 29, 2023

The internet revenue of Turkish banks reached TL 65.6 billion ($3.48 billion) within the January-February interval, with a 68% rise in comparison with final yr,

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UBS brings back Ermotti as CEO to steer Credit Suisse takeover
Business

UBS brings back Ermotti as CEO to steer Credit Suisse takeover

March 29, 2023March 29, 2023

UBS Group AG on Wednesday introduced it was rehiring Sergio Ermotti as CEO to steer its large takeover of neighbor Credit Suisse – a shock

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Turkish banks launch internal stress tests ahead of elections
Business

Turkish banks launch internal stress tests ahead of elections

March 28, 2023March 28, 2023

Major Turkish banks have launched inner stress assessments in opposition to potential market shocks as a result of May elections, trade executives mentioned Tuesday. The

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