France / Français
Business Mag Search: Banks
Credit Suisse failure follows years of scandal and mistrust-with an Ohio mattress company playing a role
6 days ago - By Fortune
“We've watched the bank lurch from scandal to scandal for so long that it's hard to recall all of them at this point.”
Read more ...Swiss banks agree on historic takeover
6 days ago - By RT
Banking giant UBS has reached a deal to acquire its ailing rival Credit Suisse
UBS Group and Credit Suisse Group, two of the biggest names in European banking, are coming together in a government-brokered deal aimed at shoring up public confidence in the Western financial system and averting a global crisis.
UBS agreed on Sunday to pay 3 billion Swiss francs in stock to acquire its embattled rival in a takeover underpinned by government guarantees and 100 billion francs in liquidity assistance from Switzerland's central bank. The agreed price of 1 UBS share for each 22.48 shares of Credit...
Read more ...APTOPIX Switzerland Credit Suisse
6 days ago - By Chron
A traffic light signals green in front of the logos of the Swiss banks Credit Suisse and UBS in Zurich, Switzerland, Sunday March 19, 2023.
Read more ...UBS rescues Credit Suisse in deal brokered by Swiss government
6 days ago - By NPR
Swiss bank Credit Suisse was purchased by a rival Swiss bank UBS today for roughly $3 billion in an emergency deal that likely saved Credit Suisse from going bust.
Read more ...UBS on Credit Suisse takeover: ‘We will be de-risking a lot of the tricky businesses that we are inheriting'
6 days ago - By Fortune
"UBS intends to downsize Credit Suisse's investment banking business and align it with our conservative risk culture, said its chairman.
Read more ...Switzerland Credit Suisse UBS
6 days ago - By Chron
Axel Lehmann, Chairman Credit Suisse, left, sits beside Colm Kelleher, Chairman UBS, during a press conference in Bern, Switzerland, Sunday March 19, 2023. Banking giant UBS is acquiring its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday. Sunday's news conference by the Federal Council, the seven-member governing body that includes Berset, follows the collapse of two large U.S. banks last week that spurred a frantic, broad response from the U.S. government to prevent any further bank panics.
Read more ...Switzerland Credit Suisse UBS
6 days ago - By Chron
An aerial view of the headquarters of the Swiss banks Credit Suisse, center, and UBS, left, at Paradeplatz in Zurich, Switzerland, Sunday March 19, 2023. Banking giant UBS is acquiring its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday. Sunday's news conference by the Federal Council, the seven-member governing body that includes Berset, follows the collapse of two large U.S. banks last week that spurred a frantic, broad response from the U.S. government to prevent any further bank panics.
Read more ...Switzerland Credit Suisse UBS
6 days ago - By Chron
Colm Kelleher, Chairman UBS, attends a press conference in Bern, Switzerland, Sunday March 19, 2023. Banking giant UBS is acquiring its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday. Sunday's news conference by the Federal Council, the seven-member governing body that includes Berset, follows the collapse of two large U.S. banks last week that spurred a frantic, broad response from the U.S. government to prevent any further bank panics.
Read more ...Switzerland Credit Suisse UBS
6 days ago - By Chron
Axel Lehmann, Chairman Credit Suisse, speaks during a press conference in Bern, Switzerland, Sunday March 19, 2023. Banking giant UBS is acquiring its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday. Sunday's news conference by the Federal Council, the seven-member governing body that includes Berset, follows the collapse of two large U.S. banks last week that spurred a frantic, broad response from the U.S. government to prevent any further bank panics.
Read more ...Switzerland Credit Suisse UBS
6 days ago - By Chron
Colm Kelleher, Chairman UBS, left, and Swiss Finance Minister Karin Keller-Sutter during a press conference in Bern, Switzerland, Sunday March 19, 2023. Banking giant UBS is acquiring its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday. Sunday's news conference by the Federal Council, the seven-member governing body that includes Berset, follows the collapse of two large U.S. banks last week that spurred a frantic, broad response from the U.S. government to prevent any further bank panics.
Read more ...Credit Suisse's $17B of risky bonds now worthless after takeover by UBS
6 days ago - By Fortune
The deal will trigger a “complete write-down” of the bank's additional tier 1 bonds in order to increase core capital, said Swiss regulators.
Read more ...Alert: Swiss bank USB is acquiring smaller rival Credit Suisse for over $3 billion
6 days ago - By Chron
Swiss bank USB is acquiring smaller rival Credit Suisse for over $3 billion.
Read more ...Two Swiss banking giants combine to quell growing global bank crisis
6 days ago - By Washington Post
UBS takes over Credit Suisse
Read more ...UBS to buy troubled Credit Suisse in deal brokered by Swiss government
6 days ago - By NPR
UBS will buy rival Credit Suisse in a deal brokered by Swiss officials to try and prevent a banking crisis. (Image credit: Igor Golovniov/SOPA Images/LightRocket via Getty Images)
Read more ...Alert: Swiss president announces plan for Swiss bank UBS to take over troubled rival Credit Suisse
6 days ago - By Chron
Swiss president announces plan for Swiss bank UBS to take over troubled rival Credit Suisse.
Read more ...
The headlines of Business Mag
HOLD FAMILY A multiplayer network game for families
Spend more time with your family and less with your phone with the Hold Family app made by us! :)
SØVN Modern sleep tracking study
The Søvn app is a modern sleep tracker made by us for Bryggen Research AS! #mobile #iOS #android #portfolio
SØVN Modern sleep tracking study
The Søvn app is a modern sleep tracker made by us for Bryggen Research AS! #mobile #iOS #android #portfolio
How to avoid becoming a victim of the next bank run
Before it fell, now-infamous Silicon Valley Bank seemed like a secure place to stash your cash. Here's how to protect yourself before the next epic crash. In just the last few...
Goldman's strategy to play the $3 trillion energy revolution
The U.S. needs 'another energy revolution to maintain its energy cost leadership,' the Wall Street investment bank said.
These are the three most disliked Dow stocks by Wall Street analysts
The Dow Jones Industrial Average gained 1.2% last week. Yet it was anything but a smooth ride for investors.
China and Russia top list of states with largest trade surplus - study
Both countries saw indicators grow to record highs last year on soaring exports China and Russia became the world leaders in trade surplus last year, according to calculations...
Berliners vote to decide on climate goals for city
Berlin voters are asked to decide on a proposal that would force the city government to drastically ramp up the German capital's climate goals. Sunday's referendum calls for...
The Week in Business: TikTok in the Hot Seat
The Fed raised interest rates, even as some banks continued to find themselves on shaky ground. The A.I. race is on. And a new inflation reading is coming.
I'm an underground miner making as much as $160,000 a year without a college...
Cory Rockwell is an underground copper miner in rural Nevada. This is what his job is like. Courtesy of Cory Rockwell Cory Rockwell is an underground miner at copper mine...
Miami spent years partying on a crypto-fueled high. I went to check out the...
Miami was the center of the stock and crypto markets' pandemic boom. But now the party is over and the city is facing the fallout. Getty Images; Alyssa Powell/Insider The years...
A millennial who quit her 6-figure job says the temporary financial strain...
Siobhan Llewellyn started a social media business and says that she's "never been happier." Siobhan Llewellyn Siobhan Llewellyn, 30, quit her $100,000 job last year after she...
I'm the founder of Mud/Wtr and prefer to invest in employee health rather...
Mud/Wtr founder and CEO Shane Heath. Mudwtr Shane Heath is the founder of Mud/Wtr, a beverage brand he launched in 2018. Heath wants to avoid perpetuating startup hustle...