Swiss politicians are stealthy by design. But last weekend, as Credit Suisse, Switzerland’s second-largest bank, and a national institution, tottered on the brink of failure, Bern’s political leadership was uncomfortably thrust into the limelight. Karin Keller-Sutter has been in charge of the Swiss finance ministry for just two months. She […]
Suisse
This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: US raises interest rates by 0.25 percentage points; UBS takes over Credit Suisse; IMF board approves Sri Lanka bailout. 1. US raises interest rates again as it weighs up banking crisis The […]
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 […]
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 […]
March 17 (Reuters) – Credit Suisse Group AG (CSGN.S) headed into a make-or-break weekend after some rivals grew cautious in their dealings with the struggling Swiss lender, and its regulators urged it to pursue a deal with UBS AG (UBSG.S). Credit Suisse Chief Financial Officer Dixit Joshi and his teams […]