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Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report

[Mar 25, 2023 3:30 PM] Switzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under…

European banks head into another weekend of uncertainty as default risks surge

[Mar 24, 2023 12:30 PM] An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system.

Credit Suisse’s Buyout Shows Banks Still Have a Banking Problem

[Mar 20, 2023 9:44 AM]

Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis

[Mar 20, 2023 8:00 AM] On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced…

UBS Group doubles offer and acquires Credit Suisse for $2B

[Mar 19, 2023 12:49 PM] Swiss authorities agreed to change the country's regulations to bypass a shareholder vote and announce the deal over the weekend.

Credit Suisse rescue plan may include nationalization, bondholder losses

[Mar 19, 2023 10:10 AM] A bank rescue plan for Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG.

UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

[Mar 18, 2023 2:30 PM] After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to…

UBS Strategists Predict Minimal Impact of Upcoming Mt Gox Payouts on Bitcoin Value

[Mar 1, 2023 1:00 PM] A recent report published by market strategists from the investment bank and financial services company UBS says that the upcoming Mt Gox payouts won’t destabilize bitcoin’s value. While a new supply will come to the market, UBS…

Bank of America, Goldman Sachs, JPMorgan, UBS Share Predictions About Further Fed Rate Hikes

[Feb 18, 2023 5:30 PM] Bank of America, Goldman Sachs, JPMorgan, and UBS have shared their predictions about the Federal Reserve raising interest rates further. Bank of America and Goldman Sachs, for example, now expect the Fed to raise interest rates three more times…