UBS Group AG and Credit Suisse Group AG are opposed to a forced merger, Bloomberg News reported on Thursday, citing people with knowledge of the matter.
UBS prefers to focus on its own wealth-centric strategy and is reluctant to take on risks related to Credit Suisse,
, as the smaller rival seeks additional time to complete its restructuring efforts after receiving financial support from the Swiss central bank.Wall Street bank JPMorgan on WednesdayCredit Suisse's takeover by another lender, probably UBS, was the most likely scenario for the embattled bank. Credit Suisse sought to restore investor confidence on Thursday by borrowing up to $54 billion from the Swiss National Bank after a slump in its shares had intensified fears of a global banking crisis set off by a collapse of two mid-sized U.S. lenders.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
U.S. Treasury reviewing U.S. financial sector exposure to Credit Suisse - Bloomberg NewsThe U.S. Treasury Department is actively reviewing the U.S. financial sector's exposure to Credit Suisse Group AG after the bank's shares fell to a record low, Bloomberg reported on Wednesday citing people familiar with the matter.
Baca lebih lajut »
Swiss government holds talks on options to stabilize Credit Suisse - Bloomberg NewsSwiss authorities and Credit Suisse Group AG are discussing ways to stabilize the bank, Bloomberg reported on Wednesday, citing people familiar with the matter.
Baca lebih lajut »
What Just Happened at Credit Suisse? - The Journal. - WSJ PodcastsAs fears about the health of global banks spread from the U.S. to Europe, the bank Credit Suisse said it would tap a more than $50 billion loan from the Swiss National Bank. WSJ’s Margot Patrick explains how Credit Suisse became a cause for concern. Further Reading: - Credit Suisse Stock Price Jumps as Bank Secures $50 Billion Lifeline - Credit Suisse Promises Overhaul in Wake of Rout as Regulators Offer Lifeline - Janet Yellen Says Banking System Is Healthy After SVB Collapse Further Listening: - Can the Government Contain a Banking Crisis? - The Economy Is Too Hot for the Fed
Baca lebih lajut »
Credit Suisse chairman took a pass on $1.6 million award, had his pay cutCredit Suisse's chairman took a pass on a $1.6 million award and had his pay cut
Baca lebih lajut »
Credit Suisse shares hit record low as banking giant admits to ‘material weaknesses’Credit Suisse shares hit an all-time low in early Tuesday trading after the Swiss banking giant admitted to discovering “material weaknesses” in its financial reporting over the past two years.
Baca lebih lajut »
EUR/CHF to trade in a 0.9700-1.0000 range following SNB meeting – Credit SuisseIn light of the recent events in financial markets, economists at Credit Suisse think the SNB will only hike 25 bps at the upcoming meeting. They expe
Baca lebih lajut »