After credit suisse, another major systemic bank in Europe is scaring the markets: today Deutsche Bank dropped 14% at the stock market opening and dragged other institutes with it. The Financial Times writes that the misstep is linked to growing fears about the impact of the rise in interest rates on the stability of the […]
Tag: banking crisis
The Fed raises interest rates in the US by 0.25 points during the banking crisis
The US Federal Reserve (Fed) announced this Wednesday a rate hike of 0.25 points, which is in a range between 4.75% and 5%, amid the crisis caused by the collapse of two banks in the country and the rescue of a third. This is the ninth rate hike in a year to fight inflation, although […]
Credit Suisse shares plummet on sale to UBS
A group of institutional shareholders, especially pension funds Swissare evaluating the possibility of taking legal action against the sale of Credit Suisse to UBS bank, for 60% less than the market value at the time of the negotiations. “We will explore all options, including legal ones, in the coming days to determine who is responsible […]