Browsing Tag

bank crisis

New UBS CEO plays down concerns over size of Swiss bank combination

Jason Junior Apr 1, 2023 0

Incoming UBS Chief Executive Sergio Ermotti has sought to ease worries about the size of the new bank being created by its takeover of Credit Suisse.Critics have voiced concern about…
Read More...

Business

india outlook: SVB like collapse unlikely to occur in India as banking system robust: Anand Rathi…

Jason Junior Mar 20, 2023 0

A shock similar to one experienced by Silicon Valley Bank (SVB) is unlikely to occur in India owing to stringent regulation, supervision and accounting requirements for Indian banks,…
Read More...

Business

Credit Suisse crisis: Credit Suisse to borrow up to $54 billion from Swiss National Bank

Jason Junior Mar 16, 2023 0

Credit Suisse on Thursday said it was taking "decisive action" to strengthen its liquidity by exercising its option to borrow from the Swiss National Bank up to 50 billion Swiss francs…
Read More...