Tag: Banks & credit institutions
German financial system is stable and robust – shares of US regional banks under pressure
Financial turnaround: need much higher capital buffers at banks The citizens’ movement Finanzwende criticizes the takeover of Credit Suisse. “With this merger of two banks that were already systemically important,…
How it came to the deep fall of Credit Suisse
Zurich It’s Wednesday of last week, Morgan Stanley’s investment conference in London, when the fund manager feels like he’s in the wrong movie. The head of the major bank BNP…
Credit Suisse rescue fails to calm banking market
Dusseldorf The emergency sale of the major Swiss bank Credit Suisse to its competitor UBS did not calm the markets on Monday. Deutsche Bank shares lost 8.5 percent at the…
Deutsche Bank and Commerzbank fall at the start of trading – Credit Suisse flies out of the depots
Financial turnaround: need much higher capital buffers at banks The citizens’ movement Finanzwende criticizes the takeover of Credit Suisse. “With this merger of two banks that were already systemically important,…
Deutsche Bank and Commerzbank down before the market – Credit Suisse flies out of the depots
Yield on ten-year federal bond at three-month low Fearing the economic consequences of the turmoil surrounding Credit Suisse, investors are turning to the “safe haven” government bonds. This pushes the…
Credit Suisse rescue fails to calm banking market
Dusseldorf Bank stocks sold off in Asian equities trading on Monday in the wake of the emergency takeover of Credit Suisse, which was accompanied by a devaluation of the institution’s…
Central banks want to improve dollar supply in joint action
Denver In view of the recent banking turmoil, the major central banks are intervening to improve the supply of the dollar to the financial sector. The European Central Bank (ECB)…
Asian markets down despite Credit Suisse bailout
Tokyo Stock Exchange Investors in Asia are starting what is likely to be another turbulent stock market week. (Photo: dpa) Tokyo Markets in Asia were unable to agree on a…
Purchase decision: UBS takes over Credit Suisse
Good morning dear readers, News of the giants’ takeover came late last Sunday evening. The largest bank in Switzerland, UBS, is taking over the second largest bank in Switzerland, Credit…
“Bankruptcy would have serious consequences for national and international financial stability” – Buyer found for Signature Bank
Signature Bank is sold to New York regional bank Community Bancorp The US deposit insurance FDIC has found a buyer for the failed Signature Bank, as New York correspondent Astrid…
Buyer found for Signature Bank
Signature Bench The New York bank is taken over by the Community Bancorp. (Photo: AP) new York The US deposit insurance FDIC has found a buyer for the failed Signature…
Central banks want to improve dollar supply in joint action
US Federal Reserve The central banks want to strengthen the stability of the financial system. (Photo: dpa) In view of the recent banking turmoil, the major central banks are intervening…
UBS buys Credit Suisse for CHF 2 billion
Zurich, Frankfurt The struggle for the future of Credit Suisse is over: UBS buys the second largest Swiss bank for three billion francs, or around 0.76 francs per share. The…
UBS buys Credit Suisse for CHF 2 billion
Zurich, Frankfurt The struggle for the future of Credit Suisse is over: UBS buys the second largest Swiss bank for around CHF 2 billion, or around CHF 0.50 per share.…
A major merger is the worst solution for Credit Suisse
If a big bank like Credit Suisse starts to falter, there are several ways to stabilize it: a merger with another big bank, the government taking over bad assets, the…
UBS buys Credit Suisse for CHF 2 billion
Zurich, Frankfurt The struggle for the future of Credit Suisse is over: Rival UBS is buying the second largest Swiss bank for around CHF 2 billion, or around CHF 0.50…
Swiss Federal Council confirms CS takeover by UBS
Media report: UBS increases purchase price to more than 2 billion dollars According to a report in the Financial Times, the major Swiss bank UBS has agreed to buy Credit…
The return of the banking problems scares politicians
Berlin, Brussels, Frankfurt It was one of the central principles after the global financial crisis: governments and supervisors wanted to avoid having to support ailing banks again because they were…
US government wants responsible bankers to be held accountable
Elizabeth Warren The US Senator wants to make responsible bankers accountable. (Photo: AP) new York After the collapse of Silicon Valley Bank (SVB) and Signature Bank, Washington discussed the responsibility…
A major merger is the worst solution for Credit Suisse
When a major bank like Credit Suisse falters, there are several ways to stabilize it: merger with another major bank, government takeover of toxic assets, government entry as an open…