Good morning. A fake eyelash remover has been removed from sale on Amazon and was banned from parties during Sydney WorldPride after its use as a party drug emerged. Guardian Australia understands that police confiscated revellers’ bottles of the product, which was being used like the drug GBL – a precursor to GHB – and could be sold under a loophole that allows for industrial use.
Elsewhere, Vladimir Putin visits the wreckage of Mariupol in occupied Ukraine, the Swiss government has brokered a deal to save Credit Suisse by selling it to UBS amid fears for the stability of the global banking system, and Dominic Perrottet tells our reporter why he risked his career on gambling reforms.Specialist climbers abseil down the side of the Sydney Opera House on 18 March 2003 in an attempt to begin cleaning the ‘NO WAR’ slogan painted on the sails earlier that morning.
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Credit Suisse: Societe General, Deutsche Bank among banks limiting trades with Credit SuisseThe restrictions add to the Swiss bank’s problems as it tries to restructure operations and find its footing after a series of costly scandals. Hmm..time to call in Fred Goodwin to turn this beast around.
Source: FinancialReview - 🏆 2. / 90 Read more »
‘Credit is the lifeline of the financial system’: Professor WuUniversity of Sydney's Head of Business and Finance Professor Eliza Wu says “credit is the lifeline” of the financial system and providing reliable credit throughout the economy fuels innovation and business performance. “Credit is the lifeline of the financial system so, of course, we want banks to be safe and sound and to be able to do their special job of providing credit throughout the economy,” Ms Wu told Sky News Business Editor Ross Greenwood. “That can fuel innovation, business activity and strong economic performance.” It was Jesus who expelled the Jewish money lenders from the temples..... One person's investment is another person's debt. Better to self-credit through your own savings. Having skin in the game will also make you better at what you do.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
UBS in talks to buy embattled Credit Suisse, FT saysUBS Group is in discussions to take over all or part of Credit Suisse after an emergency funding lifeline failed to restore investor confidence in the smaller Swiss bank.
Source: FinancialReview - 🏆 2. / 90 Read more »
Switzerland's largest bank in talks to save Credit SuisseCredit Suisse is in advanced talks with its larger Swiss rival UBS about a deal to salvage Switzerland's second-biggest bank, in a bid to reassure investors before the markets open next week. Buy Gold. Put all your $$$ into GOLD!!! Don’t play the game ! Stop 🛑 the robbery ! Inflation ruination of future generations ability to be a home owner even rent ! Don’t consign our kids to homelessness!! Gold !! It’s so good our governments and banks are so corrupt and will always save the big businesses and screw over the people. These planned wars and pandemics are the perfect cover. Now let’s destroy the wealth of the pheasant taxpayers. Swiss banks crumble as Swiss government mothball and destroy weapons that could go to Ukraine. Money laundering, dirty politics, Russian deposits in pseudo neutrality..and now the clock is ticking in Switzerland too NATO
Source: abcnews - 🏆 5. / 83 Read more »
Credit Suisse hit by legal action from US investors amid banking turmoilComplaint claims bank made ‘materially false and misleading statements’ in 2021 annual report
Source: GuardianAus - 🏆 1. / 98 Read more »
UBS explores takeover of embattled Credit SuisseSwiss officials are pushing UBS Group to consider an acquisition of all or parts of Credit Suisse, after a rout in its smaller rival sent shock waves across the global financial system this week.
Source: FinancialReview - 🏆 2. / 90 Read more »