to shore up the sector following the collapse of U.S. lenders Silicon Valley Bank and Signature Bank.
U.S. President Joe Biden's administration moved to backstop consumer deposits while the Swiss central bankfrom the Swiss authorities to take over its local rival to get the crisis under control, two people with knowledge of the matter said.that the takeover talks were throwing into doubt plans to hive off its investment bank under the First Boston brand.
SVB and Signature's collapses are the largest bank failures in U.S. history behind the demise of Washington Mutual during the global financial crisis in 2008. U.S. Senator Elizabeth Warren, who is pushing tighter banking regulation, hasBanking stocks globally have been battered with the S&P Banks indexU.S. banks have sought a record $153 billion in
biggest bank all in ever!
So they get $6 billion, spend $1 billion and get a megabank? Great deal!
Just the start of a western banking system collapse.
Haber si entiendo... Está prohibido que los gobiernos se involucren en la banca, pero los de UEenColombia dicen que está bien rescatar un banco en quiebra, algo que no permitieron a WhiteHouse con el extinto LemanBrothers interesante ver cómo funciona la hipocresía
The Swiss gov should bailout Credit Suiss instead of by passing shareholders to push the $1b deal through. Switzerland has thrived on their banking industry. Now it is time to pay back. Otherwise, the whole Swiss banking system will have no more credit to international investors
This is there Government responsibility. because they don't had leading management
'opening time Next level shopping
elonmusk open to this one sir?
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UBS seeks Swiss backstop in any Credit Suisse deal - Bloomberg NewsUBS Group AG is asking the Swiss government for a backstop if it were to buy Credit Suisse Group AG , Bloomberg News reported on Saturday. I don’t blame them. Rollercoaster ride ahead 你骗我骗大家骗! 瑞银看到瑞信可以从央行奶妈那里可以骗到500亿, 你可以骗，我也可以骗的， 不然，下一次点爆雷导火索的就是我瑞银了，而且搞不好就不是缺缺500亿，而是5000亿才能打招呼了! 世上最赚钱的行业，现在却要奶妈大口大口的喂？ 到底是中国恒大恒二们做了你们的师父，还是你们才是师父？
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UBS mulls takeover of Credit Suisse with possible Swiss government guaranteesUBS is examining a takeover of Credit Suisse that could see the Swiss government offer a guarantee against the risks involved, said two people with knowledge of the matter on Saturday. Another case solved by the Fed Does Credit Suisse hold a lot of Trump debt?
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Credit Suisse faces demise as UBS, Swiss regulators discuss takeoverFuture of 167-year-old Credit Suisse in question amid reports of a takeover by rival UBS as soon as Saturday evening as world economies scramble to prevent another global financial contagion
Source: trtworld - 🏆 101. / 63 Read more »
UBS closing in on deal to buy fellow Swiss bank Credit SuisseSwiss bank UBS Group is closing in on a deal to take over its rival Credit Suisse amid a weekend of frenzied negotiations, according to multiple reports. Dawnsfire Another too big to fail bank is gonna get a lot bigger. I know in the short term this will help stabilize the banking system, but I'm worried about the long term effects of this.
Source: nypost - 🏆 91. / 67 Read more »
Crunch time for Credit Suisse talks as UBS seeks Swiss assurances By Reuters*CRUNCH TIME FOR CREDIT SUISSE AS UBS AND SWISS REGULATORS RUSH TO SEAL TAKEOVER DEAL AS SOON AS SUNDAY: REPORTS 🔥 Why the hurry?
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UBS in discussions to buy Credit Suisse: reportUBS Group AG is in talks to buy all or parts of Credit Suisse, with their boards meeting separately over the weekend, the Financial Times reported late Friday. I wonder if anyone trusts the swiss banking sector anymore. its ironic how the new generation swiss bankers destroyed all the trust that have been built for decades by the swiss ancients
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