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 […]
Tag: Credit Switzerland
UBS Bank absorbs Credit Suisse to stabilize the Swiss financial market
However, the flight of assets suffered by the bank last week and the large fall in its share price in a matter of days have opened up the real possibility of bankruptcy,”which would have had a huge collateral impactwhich could infect UBS and to other banks” in the world, the minister indicated. The authorities confirmed […]
Credit Suisse shares open higher after loan announcement
Credit Suisse’s title opened this morning on the Zurich stock exchange with a spectacular 30.82% gain after announcing hours before that the Swiss National Bank (SNB) will provide a $54,000 million loan. The stock had lost a quarter of its value the day before, dragged down by the banking crisis in the United States and […]
The dollar continues its upward trend and is close to $4,900
The price of the dollar in Colombia for the day of Thursday, March 16 started off averaging $4,882.41, marking an increase of $31.18 from the Representative Market Rate (TRM) which is quoted today at $4,835.51. The opening value of the US currency was $4,882.95. In turn, the minimum price is $4,845.65 while the maximum price […]