Newsbreak 2 days ago in Around The World, Banking, Credit Suisse, Finance, News, UBS, Weekend BI UK News 0 Category: Credit Suisse
It’s official: UBS to acquire Credit Suisse in historic rescue deal
Newsbreak 2 days ago in Around The World, Banking, Credit Suisse, Finance, News, UBS, Weekend BI UK News 0 UBS is said to be offering up to $1 billion for Credit Suisse. Getty Images UBS will take over Credit Suisse, the Swiss National Bank said Sunday. UBS had been in talks this weekend about buying some or all of its troubled Swiss rival. Swiss regulators are planning emergency changes to regulations so it can avoid a shareholder vote on the deal. UBS will take…
Switzerland may use emergency measures to expedite a deal with UBS and Credit Suisse, reports say
Newsbreak 3 days ago in Around The World, bank, Bank Merger, Credit Suisse, Finance, Interest Rates, News, SVB, UBS, Weekend BI UK News 0 UBS is in talks about a merger with Credit Suisse. Arnd Wiegmann/Getty Images UBS is in talks to acquire part or all of Credit Suisse, the Financial Times reported. The talks come after a harrowing week for Credit Suisse, whose shares sank to a record low. The likely merger of Switzerland’s two largest banks comes a week after SVB collapsed. Two of Switzerland’s largest banks…
Credit Suisse’s chairman faces probe over comments that potentially misled investors about client fund outflows, report says
Newsbreak 4 weeks ago in Around The World, capital outflows, Credit Suisse, FINMA, Investigations, Markets, MI Exclusive, ouflows, outflows, probe, Regulator, stock prices, Stocks, Switzerland 0 Credit Suisse chairman Axel Lehmann. Courtesy of Credit Suisse Credit Suisse’s chairman faces a probe over his comments that enormous client outflows had stopped, per Reuters. The Swiss regulator is trying into whether or not Axel Lehman potentially misled investors in December. Clients pulled billions from Credit Suisse in late 2022 because it fended off rumors of a Lehman-style collapse. Switzerland’s monetary markets regulator is…
Amazon will reportedly lay off 10,000 employees. Here are the other major US companies that have made cuts so far,...
Newsbreak 4 months ago in Amazon, Around The World, Better, Better.com, Business Visual Features, cameo, Canopy Growth, carvana, Compass, Credit Suisse, Facebook, Features, Food52, Ford, Gannett, Gap, gopuff, Gorillas, HelloFresh, Layoffs, Meta, Netflix, News, Noom, Nordstrom, Oracle, PayPal, Peloton, Redfin, Reef Technologies, Retail, Robinhood, SNAP, Tech Insider, Tesla, Tesla Motors, Thrasio, Twitter, VF Corp, Wells Fargo, Zulily 0 Elaine Thompson/AP A wave of layoffs has swept throughout American enterprise in 2022. The cuts stem from slower enterprise progress, paired with rising labor prices. The layoffs span throughout industries, from mortgage lending to digital-payment processing. Amazon is the newest major tech agency to slash its headcount in 2022. The e-commerce big plans to lay off as many as 10,000 employees throughout divisions, together with…
Inside ex-Goldman Sachs banker Gregg Lemkau’s big bet on himself
Newsbreak 5 months ago in 10 Things on Wall Street, Around The World, Credit Suisse, Finance, Musk, Newsletter, Twitterl, Wall Street 0 TGIF! It’s Dan DeFrancesco checking in from NYC. Well, there you will have it of us, Elon Musk is officially Twitter’s new owner, bringing a near months of pricey litigation. However, the drama is not over simply but, as sources say Musk has already fired not less than 4 prime execs, including CEO Parag Agrawal. Speaking of Elon, we have ideas from one fintech govt on…
Credit Suisse stock tanks 12% after the troubled Swiss bank racks up a multibillion loss and vows to overhaul its...
Newsbreak 5 months ago in Around The World, Credit Suisse, Credit Suisse Greensill, Credit Suisse stock, Markets, MI Exclusive, stock price, stock price today, Stocks 0 The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich. Fabrice Coffrini/AFP/Getty Images) Credit Suisse stock fell 12% Thursday after it posted losses of $4 billion, much deeper than expected. The Swiss lender plans to restructure after a series of scandals, with big changes at its investment bank. It is seeking $4 billion in capital for the overhaul and…