The specter of a world wide financial crisis hangs over the industry and the overall economy Monday pursuing the acquisition of embattled Swiss financial institution Credit history Suisse by rival UBS in a fireplace sale brokered by the Swiss governing administration Sunday afternoon. Credit history Suisse, an worldwide monetary big […]
Month: March 2023
/cloudfront-us-east-2.images.arcpublishing.com/reuters/44WGHXLY4FP6JNZEQKYSQJQW4I.jpg "Analysis: UBS swallows doomed Credit Suisse, casting shadow over Switzerland")
LONDON, March 20 (Reuters) – UBS Group (UBSG.S) has emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet that makes the Swiss economy more dependent on a single lender. The move announced late on Sunday in Zurich capped […]
Pope praises humanitarian corridors bringing refugees safely to Europe Pope Francis met thousands of Italian refugees and charity groups at the weekend, re-iterating his support for safe and legal migration routes to Europe, instead of criminal smuggling operations that he said have turned the Mediterranean sea into a cemetery. Humanitarian […]
The director of the World Health Organization (WHO) announced on Friday that he is “confident” the COVID-19 pandemic will end in 2023. Director-General Dr. Tedros Adhanom Ghebreyesus made the comments to reporters at a media briefing in Geneva. “We are certainly in a much better position now than we have […]
In interviews with WTOP, D.C.-region faculty superintendents who started out their employment in the center of the pandemic, mother and father and educators say universities will very likely not at any time revert back again to the way they have been just before the pandemic. Quite a few next-grade pupils […]
Welcome to Bloomberg Law’s Wake Up Contact, a each day rundown of the leading news for legal professionals, legislation companies, and in-home counsel. Cleary Gottlieb and Swiss legislation company Homburger reported they are advising Credit rating Suisse Team AG on areas of the deal introduced Sunday in which UBS Group […]