Federal Councillor and chief of the finance federal department Karin Keller-Sutter attends a news conference on Credit Suisse after UBS takeover offer, in Bern, Switzerland, March 19, 2023. REUTERS/Denis Balibousetapped the Swiss National Bank for "a large multi-billion amount" last weekend to secure its liquidity, the country's finance minister Karin Keller-Sutter told Swiss broadcaster SRF on Saturday.
"Last weekend, a large multi-billion amount was withdrawn by Credit Suisse for liquidity protection," Keller-Sutter said. She said this was because customers had again withdrawn money, but also because counterparties were demanding guarantees when they are doing business with the bank. Keller-Sutter said "it is to be assumed" that the figure was above 50 billion Swiss francs , but said the Swiss National Bank had the exact number.
😳😂
So you thought only about “shareholders” and looked away from employees ?
Well, add UBS to it.
Since their bailout out from Swiss National and then the merger with UBS one could hope they will fix their negative returns and increasing debt. However, I think now there will be no accountability for the mistakes made within Credit Suisse and the board.
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Swiss franc grapples with safe-haven identity crisis after Credit SuisseThe Swiss franc hasn't lived up to its safe-haven reputation during the Credit Suisse collapse, as investors have sought shelter elsewhere, bringing more of a boost to the value of the gold in Switzerland's bullion vaults than to its currency. The variables & computerization of the evolved Capitalist economy demand new technologies, techniques & tools for Central Banks & Reserves to properly do their job This needs to be done & soon !!! The banking system is holding on by a thread !!!!!!
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UBS offers retention packages to Credit Suisse Asia wealth bankers -sourcesUBS promised retention packages to wealth-management staff in Asia at Credit Suisse , two people with knowledge of the matter said, as the bank tries to stem a talent exodus after the takeover of its former Swiss rival.
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UBS offers sweeteners to Credit Suisse Asia wealth bankers to retain talent -sourcesUBS has promised retention packages to wealth management staff in Asia at Credit Suisse , two people with knowledge of the matter said, as the Swiss bank tries to stem a talent exodus after the takeover of its former rival. The Swiss are now a Banana Republic. This whole deal is an utter farce.
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Buy this defensive exchange operator poised to benefit from ongoing market volatility, Credit Suisse saysCredit Suisse views this exchange operator as a defensive addition to any portfolio during these trying times. Credit Suisse says!? 😂🤣😂🤣😂👍 UBS? “Credit Suisse says” - next article!
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BTC price centers on $28K as Deutsche Bank shares follow Credit SuisseBitcoin continues its quest to seal $28,000 as support as BTC price stays volatile. Back $28k lightning speed DeutscheBank is history just a matter of days…
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Deutsche Bank is not the next Credit Suisse, analysts say as panic spreadsCentral banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe's banks. Deutsche Bank (ETR:DBKGn) German shares fell 13%, falling for three consecutive days, and lost a fifth of its market value so far in March if they say it, it must be true
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