Black Friday for the banking sector. The financial market turmoil triggered by the failure of Silicon Valley Bank and two other regional US banks, and the bailout of Credit Suisse, continues unabated. The securities of credit institutions, starting with the giant German Deutsche Bank, are back in the crosshairs and investors are questioning the stability […]
Tag: swiss credit
“Credit Suisse had to go bankrupt”. The Swiss senator speaks: it is inadmissible to save the board
“It is unacceptable that Credit Suisse’s board of directors get away with it.” The complaint is by Thomas Minder, member of the Swiss Council of States and father of the initiative against abusive remuneration, according to which directors should be severely punished in these cases. The senator also criticizes the rescue of UBS: “The bank […]
Credit Suisse, “16 billion wiped out”. The operation that makes Europe tremble
The watchword today in the stock market is volatility. The maxi merger for the redemption of Credit Suisse by Ubs – after the fierce negotiations before the reopening of the markets and thus avoiding the risk of contagion effect – has already materialized. Specifically, the transaction between the two Swiss banks calls for Ubs to […]
Credit Suisse, maxi-merger with Ubs: operation worth 3 billion Swiss francs
White smoke for the redemption of Credit Suisse by Ubs. At the end of a weekend marked by fierce negotiations to find a solution before the markets reopened, and thus avoid the risk of contagion, the maxi merger went through. Specifically, the transaction between the two Swiss banks calls for Ubs to buy Credit Suisse […]
What happens if Credit Suisse goes bankrupt? It’s still a bank alert
The fear of banks in international markets is still great yesterday on the “three witches” day, that is, when index futures, index options and stock options expire at the same time. Meanwhile, for OECD Secretary General Mathias Cormann, “the failure of Svb (Silicon Valley Bank, ed) was significant as it was also the biggest since […]
Financial markets, Credit Suisse sinks stock markets
International finances are still shaking. After the still hot case of the US Silicon Valley Bank, which knocked out the international stock markets for a day, yesterday a second blow from the tile put the nerves of savers and investors to the test. Swiss bank Credit Suisse plunged more than 20 percentage points on news […]
Kiyosaki’s prophecy: “Credit Suisse will fail.” In 2008, Lehman Brothers forecast
Domino effect in the banking world? This is prophesied by Robert Kiyosaki, investor and author of ‘Rich Dad, Poor Dad’, the book that anticipated the collapse of Lehman Brothers, who warned everyone during an appearance on Fox Business that “the problem” is the bond market and the Silicon Valley Bank will not be the only […]
Credit Suisse Bank CEO resigns
© Salvatore DiNolfi/EPA Author: Lusa Thomas Gottstein, CEO of Credit Suisse since 2020, resigned from his position on Wednesday and will be replaced as of August 1 by Ulrick Korner, the bank involved in several still open scandals announced on Wednesday. David Miller and Michael Ebert will take over the management of the investment division, […]