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Breakingviews - Bank bail-ins, and how to prevent climate bailouts: podcast

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Mark Carney helped design the post-2008 system for resolving bust lenders. In this episode of the Exchange, the ex-Bank of England governor tells George Hay what he makes of last month’s rescue of Credit Suisse, and how to limit future financial sector hits from climate change.

 

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Breakingviews - UBS Credit Suisse rescue is messy but unstoppableVery few people seem to want UBS and Credit Suisse to merge, but it’s unlikely that anyone will stop it. Switzerland’s Federal Prosecutor has opened an investigation into the state-arranged deal, the office of the attorney general said on Sunday. One focus is the suspicion that insiders may have leaked details to the press, the Financial Times reported. Other hurdles include the fact that a majority of Swiss voters dislike the deal. The country’s parliament has scheduled an extraordinary session to discuss emergency measures invoked by the government to force the union through. LiamWardProud Too much momentum, highly unlikely to stop now.
Source: Reuters - 🏆 2. / 97 Read more »