UBS Weighs Ending a Plan to Preserve Credit Suisse’s Investment Bank
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.
Posted inBanking and Financial Institutions BNP Paribas Charles Schwab Corporation Commerzbank Credit Suisse Group AG Dimon, James El-Erian, Mohamed A Federal Deposit Insurance Corp Federal Reserve System Goldman Sachs Group Inc internal-storyline-no JPMorgan Chase & Company Kelleher, Colm Mack, John J Macron, Emmanuel (1977- ) Mitsubishi UFJ Financial Group Inc Morgan Stanley Musk, Elon Narasimhan, Laxman Nomura Holdings Inc Powell, Jerome H Schultz, Howard D Silicon Valley Bank Starbucks Corporation Summers, Lawrence H UBS AG
Will the Fed Raise Interest Rates During a Banking Crisis?
The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
Posted inBank of England Banking and Financial Institutions Barr, Michael Barr, Michael S Bear Stearns Cos Biden, Joseph R Jr Buffett, Warren E Credit Suisse Group AG Federal Reserve System Goldman Sachs Group Inc Holmes, Elizabeth (1984- ) House Financial Services Committee internal-storyline-no JPMorgan Chase & Company Kelleher, Colm Lankford, James Lehman Brothers Holdings Inc Morgan Stanley Quattrone, Frank P Signature Bank Silicon Valley Bank Standard & Poor's Corp UBS AG Warren, Elizabeth Washington Mutual Inc
UBS and Other Bank Stocks Fall After Credit Suisse’s Firesale
Investors are still spooked after UBS bought its Swiss peer, with confidence in the banking sector in short supply.
Posted inBanking and Financial Institutions Credit and Debt Credit Suisse Group AG Federal Reserve System Government Bonds Standard & Poor's 500-Stock Index Stocks and Bonds Swiss Financial Market Supervisory Authority UBS AG United States
Investors Greet Emergency Credit Suisse Deal Warily
Swiss regulators announced that UBS, Switzerland’s largest bank, would take over the troubled Credit Suisse.