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[ad_1] Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on March 29, 2023. Arnd Wiegmann...
[ad_1] “We wanted to put all our energy and our efforts into turning the situation around and putting the bank back on track. It pains me...
[ad_1] A Credit Suisse Group AG bank branch in Bern, Switzerland, on Thursday, March 16, 2023. Stefan Wermuth | Bloomberg | Getty Images Shareholders are gathering...
[ad_1] Like any other trusted institutions, banks are capable of failing. Over 550 banks have collapsed since 2001, according to the Federal Deposit Insurance Corp. Nonetheless,...
[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The recent collapse of Silicon Valley Bank, Signature Bank and Credit Suisse...
[ad_1] BRUSSELS — European regulators distanced themselves from the Swiss decision to wipe out $17 billion of Credit Suisse‘s bonds in the wake of the bank’s...
[ad_1] A new Senate Finance Committee report from the Democratic staff alleges that Credit Suisse CS violated key terms of a plea agreement with the Justice...
[ad_1] Credit Suisse, the collapsed Swiss bank taken over by UBS Group in a hastily arranged bailout earlier this month, may bring with it a fresh...
[ad_1] It is “unlikely” that European banks will undergo anything as serious as in 2008, according to economists. Peter Macdiarmid / Staff / Getty Images LONDON...
[ad_1] In the wake of recent market volatility and steep share price falls, Morgan Stanley cautioned that the European banking sector is “not as attractive as...
[ad_1] A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images This...
[ad_1] First Republic Bank headquarters is seen on March 16, 2023 in San Francisco, California, United States. Tayfun Coskun | Anadolu Agency | Getty Images The...
[ad_1] Germany’s Chancellor Olaf Scholz said Deutsche Bank is profitable after shares dipped more than 10% during European trading. Ludovic Marin | Afp | Getty Images...
[ad_1] A logo stands on display above the headquarters of Deutsche Bank AG at the Aurora Business Park in Moscow, Russia. Andrey Rudakov | Bloomberg |...
[ad_1] Deutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend. The German lender’s...
[ad_1] WASHINGTON — The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that...
[ad_1] General view of First Republic Bank in Century City on March 17, 2023 in Century City, California. AaronP/Bauer-Griffin | GC Images | Getty Images This...
[ad_1] A potential crisis in the global banking sector may have been averted over the weekend, as Swiss authorities stepped in to broker a deal for...
[ad_1] The Swiss regulator on Sunday announced that it was writing the value of Credit Suisse’s additional Tier 1 bonds — also called AT1 bonds, or...
[ad_1] The logos of Swiss banks Credit Suisse and UBS on March 16, 2023 in Zurich, Switzerland. Arnd Wiegmann | Getty Images News | Getty Images...