2023-05-12 18:02:49 Construction site in Stockholm The Swedish real estate market is coming under pressure. (Foto: Bloomberg/Getty Images) Frankfurt/Stockholm Anyone who asks supervisors and bankers these days about the biggest risks to financial stability will often get one answer: commercial real estate. Rising interest rates are driving up financing costs, while at the same time the … Read more
Zurich, Frankfurt The struggle for the future of Credit Suisse is over: UBS takes over the second largest Swiss bank. The Swiss National Bank (SNB) is supporting the emergency merger with liquidity assistance amounting to CHF 100 billion, as the government, financial regulator and the two banks announced in a joint press conference. UBS pays … Read more
Frankfurt Only a few hours after the raid due to “greenwashing” allegations and after a long supervisory board meeting, the Deutsche Bank fund subsidiary is separating DWS by her company boss Asoka Wöhrmann. At the end of the day of this year’s Annual General Meeting, Stefan Hoops will become the new CEO. DWS announced this … Read more
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
Swiss National Bank Banks that have gotten into difficulties would already receive emergency liquidity from the Swiss National Bank. (Photo: Reuters) 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
A day before CEO Christian Sewing presents his new strategy, the money house is now trying to calm investors. “Our direct risk positions are currently very limited and are strictly managed,” said risk director Stuart Lewis in a statement on Wednesday evening. “We are closely monitoring and evaluating the second and third round effects arising … Read more