“With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation,” the Swiss central bank said.
The Swiss Financial Market Supervisory Authority said it will be possible to continue all the business activities of both banks with no restrictions or interruptions. FINMA said it will coordinate with national and international authorities, namely the U.S. Federal Reserve and the British Prudential Regulation Authority.
At least two major banks in Europe are examining scenarios of contagion possibly spreading in the region’s banking sector and looking to the Federal Reserve and the European Central Bank to step in with stronger signals of support, two senior executives with knowledge of the discussions said. The fallout from the crisis of confidence in Credit Suisse and the failure of the two U.S. banks could ripple through the financial system this week, the two executives separately told Reuters on Sunday.Article contentin central bank funding as it tries to recover from scandals that have undermined the confidence of investors and clients.
Who's going to save UBS ❓❓❓❓❓❓❓
Where are the Gatekeeper's when you need them? This is what you get when you remove Regulations & Gatekeeper's. NeverVoteForPierreP
ESG BuildBackBetter wef Green agenda ..... have fun being poor, cold, hungry and unsafe 🤑🤑🤑🤑 ClimateAction ClimateScam EU_Commission IMFNews
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UBS will take over Credit Suisse, Swiss president says | CBC NewsBanking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night. And who's going to rescue the taxpayers that are paying for this bailout! The taxpayers are starting to dry up! The middle class the 500 million educated slaves that are not working anymore or not contributing to the tax system soon The Swiss should seize and liquidate all the ill gotten Russian Oligarchs secret accounts. That would fund the bailout Ok, the banks need to stop all suspect lending. Ridiculous!
Source: CBCNews - 🏆 2. / 99 Read more »
U.S. authorities weighing in on possible Credit Suisse-UBS deal, media report saysU.S. officials might seek to weigh in on matters which can impact the finals terms of the deal between the banks, according to the report
Source: globeandmail - 🏆 5. / 92 Read more »
UBS offers to buy Credit Suisse for up to $1-billion, media report saysSwiss government planning to change the country’s laws to bypass a shareholder vote on the transaction, according to report The freaking free market as safe as a bank. As the stench of this garbage permeates the entire world-AGAIN- we are being subjected to 24/7 commies under our bed news from RobertFife and Oh and Trudeau put them there.
Source: globeandmail - 🏆 5. / 92 Read more »
UBS offers to buy crisis-stricken Credit Suisse for up to US$1-billion, reports sayA deal could be announced Sunday evening, as regulators seek an agreement before markets open in a bid to avert another selloff Is this deal not contingent on the Swiss Government taking on all of the billions in liabilities and lawsuit liabilities owned by Credit Suisse? And was not UBS being forced to take this on?
Source: globeandmail - 🏆 5. / 92 Read more »
Troubled Credit Suisse said to push back against UBS’s $1 billion offerUBS is offering to buy Credit Suisse for as much as US$1 billion, which the troubled Swiss firm says is too low, say sources. Read on
Source: nationalpost - 🏆 10. / 80 Read more »
Troubled Credit Suisse said to push back against UBS’s $1 billion offerUBS is offering to buy Credit Suisse for as much as US$1 billion, which the troubled Swiss firm says is too low, say sources. Read on
Source: financialpost - 🏆 7. / 85 Read more »