UBS Group AG on Wednesday introduced it was rehiring Sergio Ermotti as CEO to steer its large takeover of neighbor Credit Suisse – a shock
Tag: banking
Turkish banks launch internal stress tests ahead of elections
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
Türkiye injecting over $5.6B into public banks to boost lending
Türkiye is injecting about TL 107 billion (round $5.62 billion) in public banks in a capital increase sought to encourage lending in a transfer forward
Focus shifts to Fed, US banks as fears of imminent crisis ease
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
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
US banking system ‘sound’, but not all deposits guaranteed: Yellen
U.S. Treasury Secretary Janet Yellen on Thursday sought to make sure Americans “can feel confident” about their deposits and that the nation’s banking system “remains
Another bank collapses as US, Europe rush to contain SVB fallout
As the sudden collapse of Silicon Valley Bank (SVB) on Friday continues to roil markets, U.S. and European authorities have moved to ease fears over
US targets Iran ‘shadow banking’, drone network in new sanctions
The U.S. on Thursday unveiled a brand new spherical of sanctions concentrating on individuals and corporations linked to Iran and to what it mentioned was
Goldman Sachs to slash about 3,200 jobs this week
The Goldman Sachs Group Inc. is about to provoke one among its greatest rounds of job cuts ever, because it plans to get rid of