UBS buys Credit Suisse for CHF 2 billion

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

Company wants to invest over a billion in 2022

Siltronic site in Freiberg CEO Christoph von Plotho ruled out a capital increase for the current year. (Photo: dpa) Munich The high-tech group Siltronic wants to become more profitable despite rising costs. This year, 34 to 37 percent of sales should remain as earnings before interest, taxes, depreciation and amortization, as the company announced on … Read more

Individual interests slow down the chance of a central institute

Stefan Reuss, President of the Savings Banks and Giro Association of Hesse-Thuringia Reuss’ association wants to remain the driver for a central institute. (Photo: dpa) Frankfurt Despite several setbacks, the savings banks in Hesse and Thuringia continue to rely on consolidation among the leading public institutions. He never tires of ” that we, as a … Read more

Warren Buffett increases stake in US oil company Occidental

New York A week ago, Warren Buffett complained that he still couldn’t find any good takeover targets. The company valuations are still too high, wrote the star investor in his letter to the shareholders. Therefore, the CEO of the Berkshire Hathaway conglomerate has recently focused on expanding company holdings. His latest coup: he bought large … Read more

Despite rising interest rates, many billion-dollar deals are expected with financial investors

Financial district in Frankfurt The activities of financial investors in Germany have been increasing for years. (Photo: dpa) Frankfurt. The prospect of rising interest rates will not have a significantly negative effect on financial investors this year. Experts therefore expect large transactions, especially in the second half of the year. “Although investors are keeping a … Read more

Investors are hoping for a signal that Fresenius will split up

Frankfurt Investors urgently expect news from the Dax company Fresenius on the subject of corporate restructuring and a possible spin-off of corporate divisions. It could be this Tuesday: Then the healthcare group and its dialysis subsidiary Fresenius Medical Care, which is also listed in the Dax, will present their annual figures. “At the moment there … Read more

How Nestlé boss Mark Schneider is turning the food giant inside out

Mark Schneider The Nestlé boss is the German model manager abroad. (Foto:, Imago (2), Bloomberg/Getty Images) Lausanne, Vevey The sweetish-bitter brew is entirely to Mark Schneider’s taste. “X-Tract” – an extract from olive leaves is said to combat fatigue – without any caffeine. A team of Nestlé employees developed the product, including an Italian food … Read more

Saudi Arabia is transferring part of its Aramco holdings to sovereign wealth funds

An Aramco oil refinery in Saudi Arabia With the sale of the Aramco shares, the country is to be reformed. (Photo: Riad Saudi Arabia has transferred a billion-dollar stake in its stake in oil giant Aramco to a public investment fund. 4 percent of the shares worth a good 80 billion dollars (approx. 70.5 … Read more