Tag: Swiss National Bank
Employees are probably considering a lawsuit against the Finma supervisory authority
Credit Suisse logo The troubled bank was taken over by UBS in March. (Photo: Reuters) Zurich A number of senior Credit Suisse managers are opposed to the removal of bonus…
Contradictions in Finma’s disposal give investors hope
CreditSuisse As part of the emergency merger with UBS, the Swiss financial regulator Finma had Credit Suisse’s so-called AT1 bonds written off worthless. (Photo: imago images/Geisser) The Swiss financial regulator…
“We cannot rescue banks ourselves in an emergency”
Daniel Risch Risch considers the risk of a banking crisis to be low. (Photo: Principality of Liechtenstein) Vaduz In the event of a crisis, Liechtenstein would not be able to…
“We cannot rescue banks ourselves in an emergency”
Daniel Risch Risch considers the risk of a banking crisis to be low. (Photo: Principality of Liechtenstein) Vaduz In the event of a crisis, Liechtenstein would not be able to…
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…
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…
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,…
How the Ukraine war and the banking crisis are shaking Switzerland’s business model
Swiss National Bank Switzerland is actually known for low taxes, stability and diplomacy. (Photo: imago images/Andreas Haas) Zurich, Frankfurt, Geneva Marcel Rohner has his own take on the state-mandated takeover…
Switzerland has “created a monster” with the new UBS
Thomas Gustav Borer The former diplomat believes the Swiss system is not designed for crises. (Photo: wikipedia) Zurich Mr. Borer, you worked for Credit Suisse in the 1980s, but in…
How UBS rose from bankruptcy candidate to number one in Switzerland
UBS and Credit Suisse logo With the takeover of Credit Suisse, UBS gained gigantic market power. (Photo: Reuters) Zurich, Frankfurt Colm Kelleher knew that he had written Swiss economic history…
How UBS rose from bankruptcy candidate to number one in Switzerland
UBS and Credit Suisse logo With the takeover of Credit Suisse, UBS gained gigantic market power. (Photo: Reuters) Zurich, Frankfurt Colm Kelleher knew that he had written Swiss economic history…
Will a financial crisis follow the bank quake?
CreditSuisse UBS takes over the former rival for three billion Swiss francs after it slipped into the crisis. (Photo: dpa) Dusseldorf The bankruptcy of the Silicon Valley Bank and the…
Banking crisis scratches the image as a safe haven
Effects of the banking crisis The emergency sale of Credit Suisse to UBS is damaging the national currency. (Photo: Bloomberg) Frankfurt The banking drama in Switzerland is damaging the reputation…
A calculation shows why equities are still attractive
Markets Insight The price gains so far in 2023 should not be interpreted as a bear market rally. The turning point came suddenly and sharply: At the start of trading…
According to experts, UBS buys a huge market power surprisingly cheaply
Offices of former rivals in Zurich “UBS doesn’t pay three billion for Credit Suisse – they get 13 billion for the takeover,” says an ex-manager. (Photo: dpa) Zurich After the…
UBS buys Credit Suisse for three billion Swiss francs
Zurich, Frankfurt The struggle for the future of Credit Suisse is over: UBS takes over the second largest Swiss bank. The Swiss National Bank (SNB) is supporting the emergency merger…
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…
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…
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 banking turmoil, the major central banks intervene. The Bank…