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 […]
UBS
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 […]