UBS talks of the ‘beginning of a historic new chapter’ UBS said Monday that it has finalized its takeover of Credit Suisse, ending a months-long saga that saw the near-collapse of one of Switzerland’s biggest financial institutions. The bank announced … Read More
The demise of banking giant Credit Suisse sent shock waves through financial markets and appears to have dealt a blow to Switzerland’s reputation for stability, with one executive suggesting investors will now look at the mountainous central European country as “a … Read More
The ECB is ‘monitoring current market tensions closely and stands ready to respond as necessary to preserve price stability and financial stability.’ The European Central Bank lifted its key lending rate by 50 basis points Thursday, defying market forecasts that … Read More