US senators challenge Credit Suisse Nazi accounts probe ZURICH: Credit Suisse announced that a two-year investigation had found no evidence to support claims that many... Published 20 Apr, 2023 06:30am
World US lending slowed last month on banking concerns: Fed WASHINGTON: Lending declined in many parts of the United States over recent weeks, the Federal Reserve announced... Published 20 Apr, 2023 12:19am
Business & Finance Citigroup hikes 2023 global growth forecast, sees US recession only in Q4 Citigroup raised its 2023 global economic growth forecast to 2.4%, citing “solid” performance in the United States,... Published 19 Apr, 2023 05:28pm
Markets UBS makes changes to buyback programme following Credit Suisse takeover ZURICH: UBS on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover... Published 18 Apr, 2023 10:55am
Business & Finance Credit Suisse rescue package rejected by Swiss parliament BERN: Switzerland’s parliament rejected on Wednesday the government’s 109 billion Swiss francs ($120.82 billion)... Published 17 Apr, 2023 06:41am
World IMF warns deeper financial turmoil would slam global growth In World Economic Outlook report, it is now forecasting global real GDP growth at 2.8% for 2023 and 3.0% for 2024, marking a sharp slowdown from 3.4% growth in 2022 due to tighter monetary policy Published 11 Apr, 2023 08:47pm
Business & Finance Credit Agricole urges EU to end ‘unfair’ safety net funding LONDON: French bank Credit Agricole has called on the European Union to address what it says is an unfair system of... Published 11 Apr, 2023 06:27pm
Markets Swiss president to defend Credit Suisse takeover in parliament BERN: Swiss President Alain Berset on Tuesday will defend the orchestrated takeover of Credit Suisse by UBS at an... Published 11 Apr, 2023 11:08am
Print Bank takeover prevented Swiss economy collapse: minister GENEVA: Swiss Finance Minister Karin Keller-Sutter said Switzerland’s economy would probably have collapsed had... Updated 10 Apr, 2023 08:28am
Business & Finance Credit Suisse chief says sorry to angry shareholders ZURICH: Credit Suisse chairman Axel Lehmann said Tuesday he was “truly sorry” that the beleaguered bank could ... Published 10 Apr, 2023 06:45am
World IMF chief calls on central banks to continue inflation fight WASHINGTON: Central banks around the world should keep battling inflation by hiking interest rates despite ongoing... Published 07 Apr, 2023 12:18am
Markets UBS shareholders to weigh in on Credit Suisse mega-merger GENEVA: UBS shareholders get their first chance to grill the bank's bosses Wednesday over its shotgun marriage to... Updated 05 Apr, 2023 10:47am
Markets Credit Suisse faces anger at final shareholder meeting ZURICH: Credit Suisse will face shareholder anger on Tuesday at what will be its final annual general meeting after... Published 04 Apr, 2023 11:20am
Markets UBS and Credit Suisse shares drop as Swiss prosecutor investigates takeover LONDON: Credit Suisse and UBS shares fell on Monday after Switzerland’s federal prosecutor opened an investigation... Published 03 Apr, 2023 07:47pm
Markets Julius Baer CEO eyes gains from Credit Suisse’s fall ZURICH: Julius Baer is having “constructive discussions” with Credit Suisse staff who are looking to leave following... Published 03 Apr, 2023 12:19pm
Business & Finance Swiss prosecutors say investigating UBS-Credit Suisse merger GENEVA: Swiss federal prosecutors said Sunday that they had begun investigating the UBS takeover of its embattled... Published 03 Apr, 2023 07:25am
Business & Finance UBS former CEO returns to handle ‘huge’ Credit Suisse takeover risks ZURICH: UBS announced on Wednesday it will bring back former chief executive Sergio Ermotti to handle the huge risks... Published 03 Apr, 2023 06:36am
Business & Finance Swiss prosecutors say investigating UBS-Credit Suisse merger GENEVA: Swiss federal prosecutors said Sunday that they had opened an inquiry into the UBS takeover of its embattled... Published 02 Apr, 2023 11:53pm
Opinion SDR allocation, monetary tightening, inflation, and banking crisis While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)... Published 31 Mar, 2023 06:45am
Editorials ‘Need for vigilance’ EDITORIAL: It’s interesting, and ominous, that IMF (International Monetary Fund) chief Kristalina Georgieva... Published 31 Mar, 2023 06:45am
Opinion Preparing for the ‘petroyuan’? I wonder how long a certain Zoltar Pozsar, New York-based economist and investment research director at Credit ... Published 30 Mar, 2023 06:35am
Markets Banks boost European stocks as UBS climbs after naming of CEO PARIS: European shares rose on Wednesday supported by gains in banking stocks, including UBS, which rose after ... Published 30 Mar, 2023 06:35am
Business & Finance Credit Suisse concealed more than $700m from US DoJ: Senate body WASHINGTON: Embatt-led Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously... Published 30 Mar, 2023 06:35am
Business & Finance Credit Suisse has violated US tax evasion deal, Senate Committee finds LONDON: Credit Suisse violated a 2014 plea deal with U.S. authorities by continuing to help ultra-wealthy Americans... Published 29 Mar, 2023 06:15pm
Markets European stocks erase gains as banking sentiment remains fragile PARIS: European stocks were flat on Tuesday after struggling for direction amid lingering fears of a deeper crisis... Published 29 Mar, 2023 06:27am
Business & Finance Zurich bank looks to capitalise on Credit Suisse’s demise ZURICH: The largest of Switzerland’s state-owned cantonal banks expects a boost in growth from the planned merger... Published 29 Mar, 2023 06:27am
Business & Finance UniCredit gets ECB approval for 3.34bn euro share buyback MILAN: UniCredit said on Tuesday it had received supervisory approval to buy back its own shares for up to 3.34... Published 28 Mar, 2023 08:38pm
Markets European shares rebound as banking jitters ebb on SVB deal PARIS: European stocks climbed on Monday, as a sense of calm returned to markets following a week of turbulence over... Published 28 Mar, 2023 06:21am
Business & Finance Dollar gains against yen NEW YORK: The dollar rose to a two-day high against the Japanese yen on Monday as authorities’ efforts to rein in... Published 28 Mar, 2023 06:21am
Business & Finance Forint, crown edge down with rate meetings in focus PRAGUE: The Hungarian forint and Czech crown edged down on Monday, as markets turned to central bank meetings due... Published 28 Mar, 2023 06:21am