Sergio Ermotti helped the bank recover after the 2008 financial crisis, but faces a tougher task this time around.
Category: internal-storyline-no
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UBS Taps an Ex-C.E.O. to ‘Pilot’ its Takeover of Credit Suisse
The New York Times – Business: -
Markets Climb as Silicon Valley Bank Finally Finds a Buyer
The New York Times – Business:First Citizens agreed on Sunday to acquire the failed lender’s retail operations, a move that will cost taxpayers but is reassuring investors.
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Investors Try to Parse Jay Powell and Janet Yellen’s Next Moves on Banks
The New York Times – Business:Jerome Powell, the chair of the Federal Reserve, and Treasury Secretary Janet Yellen said that more must be done to rein in banks. What that looks like is unclear.
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UBS Weighs Ending a Plan to Preserve Credit Suisse’s Investment Bank
The New York Times – Business:UBS is weighing whether and how to end a deal that would have preserved most of its rival’s investment bank, as part of its takeover of the ailing Swiss lender.
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Will the Fed Raise Interest Rates During a Banking Crisis?
The New York Times – Business:The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
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UBS and Other Bank Stocks Fall After Credit Suisse’s Firesale
The New York Times – Business:Investors are still spooked after UBS bought its Swiss peer, with confidence in the banking sector in short supply.
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Markets Worry First Republic and Other Banks Remain Under Pressure
The New York Times – Business:The nation’s top lenders banded together to rescue First Republic Bank. But markets worry that regional institutions remain under pressure.
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Credit Suisse Shares Jump As Banking Backstops Go Global
The New York Times – Business:Bank stocks recovered after Credit Suisse secured a $54 billion lifeline from Switzerland’s central bank.
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A Hungarian Town Seethes Over a Giant Chinese Battery Plant
The New York Times – Business:A $7.8 billion factory planned by a Chinese company in eastern Hungary has become divisive even within the party of Prime Minister Viktor Orban, who championed it.
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Goldman Sachs Eyes a Big Payout from Silicon Valley Bank Deal
The New York Times – Business:The Wall Street giant is likely to be paid more than $100 million for its role in a bond purchase that ultimately failed to save the California bank from collapse.
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Shares in First Republic and Others Rise After Federal Bank Rescue
The New York Times – Business:First Republic, Western Alliance and PacWest Bancorp shares were set to rise on Tuesday after one of the industry’s worst stock routs in years.