Showing 21 - 30 of 666
Credit Suisse chiefs say sorry to angry shareholders
AFP, Published on 05/04/2023
» ZURICH: Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke.
Swiss prosecutors say investigating UBS-Credit Suisse merger
AFP, Published on 03/04/2023
» GENEVA - Swiss federal prosecutors said Sunday that they had begun investigating the UBS takeover of its embattled banking rival Credit Suisse.
Ermotti back as UBS chief for Credit Suisse takeover
AFP, Published on 29/03/2023
» ZURICH: Sergio Ermotti will return as CEO of Swiss banking giant UBS to pilot the controversial acquisition of troubled rival Credit Suisse, its board announced Wednesday.
Airlines juggle demand as fares skyrocket
Business, Published on 29/03/2023
» Global aviation has experienced a promising start to the year as travel restrictions have been lifted, allowing people to fly with fewer barriers.
Asian currencies subdued as investors await Fed decision
Reuters, Published on 22/03/2023
» SYDNEY: Most Asian currencies were tepid on Wednesday, with the Philippine peso falling most, as investors await the conclusion of the Federal Reserve's (Fed) policy meeting for clarity on the future United States rate path.
Crunch weekend for crisis-hit Credit Suisse
AFP, Published on 18/03/2023
» ZURICH: Troubled Credit Suisse has two days to reassure investors before the markets open on Monday with the spectre of another turbulent week in global finance looming.
Crypto-linked bank failures fuel regulation debate
AFP, Published on 17/03/2023
» LONDON: The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams.
ECB sticks to planned rate hike despite turmoil
AFP, Published on 16/03/2023
» FRANKFURT: The European Central Bank stuck to a planned interest rate increase on Thursday as it remained laser-focused on battling sky-high inflation despite market turmoil over fears of a widening banking crisis.
Credit Suisse says it will borrow up to $53.7bn from central bank
AFP, Published on 16/03/2023
» ZURICH: Credit Suisse announced Thursday that it would borrow almost US$54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices.
Credit Suisse woes rock Wall Street
AFP, Published on 15/03/2023
» Wall Street was back in selloff mode early Wednesday as banking shares faced a fresh hammering amid worries that more lenders could fail.