Tag: credit
First Republic Struggles to Survive as Stock Plunges 50 Percent
Denver Regional bank First Republic is battling a loss of customer and investor confidence. The stock fell 50 percent on Tuesday. Concerns about the bank’s stability have returned after poor…
First Republic wants to lay off up to 25 percent of the workforce
Total deposits now stand at $104.5 billion and include $30 billion that 11 major US banks parked with the First Republic in mid-March. If these are added to the remaining…
UBS profit surprisingly collapses ahead of Credit Suisse takeover
UBS in Zurich It is probably the last quarterly report of the largest Swiss bank before its integration with Credit Suisse. (Photo: Reuters) Zurich Investors only know such negative surprises…
First Republic plans to lay off up to 25 percent of its workforce – shares fall 21 percent in after-hours trading
new York The bank run at the First Republic Bank (FRB) from San Francisco was apparently more dramatic than initially assumed. In March, customers of the institute withdrew deposits of…
Outflows of CHF 61 billion – Credit Suisse customers withdraw their money
CreditSuisse These are probably the last quarterly figures that the Swiss central bank will present before the takeover by UBS. (Photo: dpa) Zurich Credit Suisse clients continue to withdraw assets…
Credit Suisse bond investors are suing the Swiss financial regulator
Credit Suisse logo in front of the Swiss Parliament building The state-ordered rescue operation now has a legal aftermath. (Photo: Reuters) Zurich Credit Suisse creditors are resisting the compulsory write-down…
“We are experiencing an exceptional situation in every respect”
View of the New York City skyline In mid-March, the collapse of three US regional banks caused turmoil on the financial markets. (Photo: Reuters) Frankfurt The situation has calmed down…
Major shareholder heightens criticism of the Pfandbrief bank
Head office of the Deutsche Pfandbriefbank Harsh criticism from Petrus Advisers – again and again. (Photo: PBB) Frankfurt The activist investor Petrus Advisers, who has made a name for himself…
Deutsche Bank cuts loans to fossil fuel companies
Deutsche Bank in Frankfort Deutsche Bank financed fewer oil, gas and coal companies last year (Photo: imago images/Jan Huebner) Frankfurt Last year, Deutsche Bank financed fewer fossil-fuel companies and projects…
Council of States offers compromise to save Credit Suisse
CreditSuisse The grand chamber initially disapproved of the bank’s bailout on Tuesday with 102 of the 200 votes. (Photo: Reuters) Zurich The Swiss parliament subsequently rejected the rescue package for…
Swiss parliament initially does not approve Credit Suisse rescue
CreditSuisse The grand chamber on Tuesday disapproved of the bank’s bailout by 102 of the 200 votes. (Photo: Reuters) Bern The Swiss parliament has rejected the financial guarantees in the…
Collapse of SVB tears gap in start-up loans
Berlin, Frankfort The electronics rental company Grover, the insurance company Wefox and the cleaning agent company Everdrop have already done it, and according to financial circles the hydrogen start-up Sunfire…
Credit insurer expects greater rise in corporate bankruptcies
Business closure in Cologne Hamburg, Frankfort The credit insurer Allianz Trade expects more bankruptcies in the current year as a result of the recent bank turbulence. For Germany, Allianz Trade…
France wants to expand access to real estate loans
Construction site in France Lending volume for real estate has recently also fallen significantly in France. (Photo: IMAGO/viennaslide) Paris In France, too, the rapid turnaround in interest rates by the…
Protects homeowners from variable interest rates!
housing construction The rise in interest rates overwhelms many homeowners in Europe. (Photo: dpa) Dusseldorf The warnings from our neighbors in Europe are impressive: in Sweden, four percent of all…
Strategy remains unaffected by Credit Suisse purchase
Colm Kelleher at the General Assembly in Basel UBS can continue to benefit from her heritage and expertise, said the UBS Chairman. (Photo: Reuters) Basel Despite the emergency takeover of…
Here you will find the best interest rates
Financial advisor at work Interest rates for installment loans are currently higher than they have been for years. (Photo: imago images / PhotoAlto) Cologne The car is giving up, or…
Credit Suisse would have gone bankrupt without the UBS deal
Martin Schlegel The vice-president of the Swiss National Bank says that the takeover of Credit Suisse by UBS was essential. (Photo: Bloomberg) If the state-managed takeover had not come about,…
Tips for owners when the cheap home loan is about to expire
new housing estate The sharp rise in interest rates is putting some homeowners under pressure. (Photo: dpa) Frankfurt, Dusseldorf The rapid increase in interest rates has drastically reduced the demand…
‘Vital for the middle class’: Concerns about US regional banks are growing
View of the New York skyline For the US economy, the mid-sized regional banks play a much more important role than the big Wall Street banks. (Photo: ddp/Vichie81) Denver Joe…