Swiss bank is considering purchase: UBS is in talks about a Credit Suisse takeover

Saturday March 18, 2023 Swiss bank checks purchase UBS is in talks about a Credit Suisse takeover The Swiss National Bank is hoping for a “simple solution before the markets open on Monday,” according to an anonymous source. (Foto: picture alliance/dpa/KEYSTONE) The major bank Credit Suisse is experiencing a turbulent week. The Swiss National Bank … Read more

Deutsche Bank is shutting down its Russian business

Deutsche Bank Relatively low exposure to Russia. (Photo: dpa) Frankfurt After severe criticism, Deutsche Bank is now shutting down its business in Russia because of the Ukraine war. Deutsche Bank has substantially reduced its commitment and presence in Russia since 2014, the money house said on Friday night with. “Like some of our international competitors, … Read more

Switzerland wants to help big banks with liquidity protection in an emergency

Swiss National Bank Banks that have gotten into difficulties would already receive emergency liquidity from the Swiss National Bank. (Photo: Zürich The Swiss government wants to facilitate the restructuring of systemically important banks with a state liquidity guarantee. In order to increase the confidence of market participants in the ability of an institution to … Read more

EU tightens sanctions against Russia’s financial system – but not completely

Demonstration in London Broad wave of solidarity. (Foto: imago images/ZUMA Wire) Düsseldorf, New York, Brussels, Berlin, Frankfurt The EU, US and other Western allies further isolated Russia’s financial system over the weekend. First, they want to freeze the assets of the Russian central bank. On the other hand, the country’s most important credit institutions are to … Read more

Credit Suisse fined $81 million in the US

According to a law firm in the USA, the Swiss bank Credit Suisse has agreed to pay 81 million dollars after allegations of unfair collusion. In addition, the bank is committed to helping the plaintiffs in the proceedings against other financial institutions accused of the matter, said the law firm Cohen Milstein Sellers & Toll. … Read more