Türkiye’s banking sector posted a web revenue of TL 250.3 billion ($9.69 billion) within the first six months of 2023, the nation’s banking watchdog mentioned
Tag: banking
UBS to complete Credit Suisse takeover by June 12
Switzerland’s UBS expects to take over its longtime rival Credit Suisse as early as subsequent week, finalizing a merger that may create a large financial
UBS finalizes Credit Suisse takeover to become wealth management behemoth
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
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
Credit Suisse reports nearly $69B in outflows in Q1
Credit Suisse Monday introduced greater than 61 billion Swiss francs (practically $69 billion) have been withdrawn within the first quarter of this 12 months, marked
Hungary quits Russia-linked bank after US sanctions
Hungary’s authorities introduced Thursday it’s withdrawing its membership from a Russia-controlled funding financial institution a day after the United States issued sanctions in opposition to
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
Top UK banks’ pay gaps widen as finance makes slow progress
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
Europe’s banks turn to bespoke loan trades to offload risks
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
Credit Suisse chair says ‘truly sorry’ as shareholder fury grows
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