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Michael J. de la Merced
Posts
UBS Chiefs See Risks Ahead in Credit Suisse Takeover
The Swiss bank tells shareholders “so many questions remain unanswered.”
Credit Suisse Shareholders Feel Betrayed by UBS Deal
Top executives at the bank’s final shareholder meeting apologized for the lender’s collapse and forced sale to UBS, while investors spoke of betrayal.
UBS Brings Back C.E.O. to Manage ‘New Challenges’ of Credit Suisse Takeover
Sergio Ermotti, who stepped down from UBS in 2020, will rejoin the Swiss banking giant as it prepares to absorb its troubled rival, Credit Suisse.
Short Seller Accuses Jack Dorsey’s Block of Facilitating Fraud
Shares of the financial tech company plunged after Hindenburg Research said it had failed to stamp out illegal activity on its platforms, including drug sales…
Swiss Authorities Say They Will Back Credit Suisse After Shares Plunge
The beleaguered Swiss lender tumbled on Wednesday, adding to concerns about the banking sector.
Credit Suisse Shares Slide After Shareholder Rules Out More Support
The beleaguered Swiss lenders tumbled on Wednesday, adding to concerns about the banking sector.
Berkshire Hathaway Reports Major Investment Losses in 2022
After a $22.8 billion loss, Warren Buffett called the figure “100 percent misleading” and urged shareholders to focus on his empire’s overall health.
Credit Suisse Reports Huge Loss as It Seeks to Revive Fortunes
The struggling Swiss bank recorded its biggest annual loss since the 2008 financial crisis and warned of another “substantial” loss in 2023.
Rothschild Family Aims For Full Control of Bank that Bears Its Name
The family’s investment vehicle said it would offer to buy out other shareholders in Rothschild & Co., the flagship company in the global banking dynasty.
Elon Musk Sells Another Big Chunk of Tesla Stock
Twitter’s owner has now sold $23 billion worth of Tesla stock this year, much of it after he pledged in April to stop selling shares…