IMF urges major financial reforms in Switzerland
The International Monetary Fund (IMF) stated on Thursday that Switzerland requires robust financial sector reforms…
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Credit Suisse
UBS bank plans to explore US deals
Swiss banking giant UBS is planning to explore merger and acquisition opportunities in the United States in the…
Credit Suisse withdrawals reach $68.6 bln
The Credit Suisse collapse in March was triggered by depositor withdrawals of $68.6 billion, which lead to the…
UBS Q1 net profit goes down by 52%
UBS Group’s year-on-year net profit in the first quarter of 2023 has declined by 52 percent, reaching $1.03…
Swiss UBS plans to cut up 20-30% of its workforce
Switzerland’s UBS Group AG, which recently acquired Credit Suisse, plans to reduce its workforce by 20-30 percent,…
Bank of England on high alert amidst current turmoil
Investors are hunting for points of weakness in banking with risks in the sector remaining high, as the Bank of…
IMF chief warns against global financial stability risks
Kristalina Georgieva, International Monetary Fund chief warned on Monday against the increasing financial stability…
UBS acquires Credit Suisse for $3.25 billion
The Swiss National Bank announced on Sunday in a statement that UBS is taking over Credit Suisse for $3.25 billion.
El-Erian: UBS acquisition of Credit Suisse most reasonable option
Egyptian-American economist Mohamed El-Erian, said that Union Bank of Switzerland’s (UBS) hasty deal to acquire its…
ECB sticks to keep increasing its interest rates
The European Central Bank (ECB) is expected to continue increasing interest rates, as the 2008 financial crisis is…
