UBS seals Credit Suisse takeover in bid to calm markets
“With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation,” the Swiss central bank said.
The Swiss Financial Market Supervisory Authority said it will be possible to continue all the business activities of both banks with no restrictions or interruptions. FINMA said it will coordinate with national and international authorities, namely the U.S. Federal Reserve and the British Prudential Regulation Authority.
At least two major banks in Europe are examining scenarios of contagion possibly spreading in the region’s banking sector and looking to the Federal Reserve and the European Central Bank to step in with stronger signals of support, two senior executives with knowledge of the discussions said. The fallout from the crisis of confidence in Credit Suisse and the failure of the two U.S. banks could ripple through the financial system this week, the two executives separately told Reuters on Sunday.Article contentin central bank funding as it tries to recover from scandals that have undermined the confidence of investors and clients.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
UBS seals Credit Suisse takeover after Swiss regulators step in to calm marketsUBS sealed a deal to buy Credit Suisse to avoid further market\u002Dshaking turmoil in global banking. Read more
اقرأ أكثر »
UBS seals Credit Suisse takeover after Swiss regulators step in to calm marketsUBS sealed a deal to buy Credit Suisse to avoid further market\u002Dshaking turmoil in global banking. Read more
اقرأ أكثر »
UBS will take over Credit Suisse, Swiss president says | CBC NewsBanking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night.
اقرأ أكثر »
U.S. authorities weighing in on possible Credit Suisse-UBS deal, media report saysU.S. officials might seek to weigh in on matters which can impact the finals terms of the deal between the banks, according to the report
اقرأ أكثر »
UBS offers to buy Credit Suisse for up to $1-billion, media report saysSwiss government planning to change the country’s laws to bypass a shareholder vote on the transaction, according to report
اقرأ أكثر »
UBS offers to buy crisis-stricken Credit Suisse for up to US$1-billion, reports sayA deal could be announced Sunday evening, as regulators seek an agreement before markets open in a bid to avert another selloff
اقرأ أكثر »