What just happened? In barely a week, two US banks collapsed and another had to be rescued.
In Europe, the share price of Credit Suisse tumbled and sent shock waves through global financial markets, forcing the Swiss central bank to offer it SFr50 billion in emergency credit. The Financial Times reported on Saturday that UBS, another Swiss bank, and BlackRock, the world’s largest asset manager, are interested in acquiring the troubled lender.
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Why Credit Suisse 'might not survive the weekend' | NewstalkThe Swiss Central Bank stepped in to provide funding of €51bn - but Chris Johns believes this mightn't be enough It is bust. It should have been allowed to fail and burn the bondholders, after all they bet on high risk ! davidmcw But hey, let's just socialise the losses, again. CWeston_Indo
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Banking crisis delays AIB’s return to majority private hands – and call on payLowering of interest rate expectations will also have bigger effect on market sentiment towards Irish banks with their higher reliance on interest income
Source: IrishTimesBiz - 🏆 6. / 77 Read more »
Irish people paying €1,000 more for mortgage overnight amid calls for supportOne of the ways the Government can ease the pain of the further cost of living blow is to increase mortgage interest relief.
Source: IrishMirror - 🏆 4. / 98 Read more »
Banking crisis delays AIB’s return to majority private hands – and decision on payLowering of interest rate expectations will have bigger effect on market sentiment towards Irish banks, with their higher reliance on interest income
Source: IrishTimes - 🏆 3. / 98 Read more »