[ad_1] LONDON, Aug 10 (Reuters) – An investment manager of a collapsed 100-million-pound ($121 million) Cayman Islands-based legal financing fund was on Wednesday convicted by a London jury of fraudulent…
Tag: BKRT
Analysis: UBS swallows Credit Suisse, casting shadow over Switzerland
[ad_1] LONDON, March 20 (Reuters) – UBS Group (UBSG.S) emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet…
UBS seals Credit Suisse takeover in bid to calm market nerves
[ad_1] UBS to pay 3 bln Swiss francs ($3.23 bln) for Credit Suisse Yellen, Powell welcome deal to support financial stability UBS to assume up to $5.4 bln in losses;…
Credit Suisse, SVB, Signature Bank: What you need to know
[ad_1] March 19 (Reuters) – UBS (UBSG.S) agreed to buy rival Swiss bank Credit Suisse (CSGN.S) for 3 billion Swiss francs ($3.23 billion) and agreed to assume up to $5.4…
First Citizens in talks to acquire Silicon Valley Bank – Bloomberg News
[ad_1] March 18 (Reuters) – First Citizens BancShares Inc (FCNCA.O) is evaluating an offer for Silicon Valley Bank (SIVB.O), Bloomberg News reported on Saturday, citing people familiar with the matter.…
SVB UK handed out over 15 million sterling in bonuses days after HSBC rescue, Sky News reports
[ad_1] March 18 (Reuters) – Silicon Valley Bank’s UK arm handed out over 15 million pounds ($18 million) in bonuses days after its rescue deal this week by HSBC, Sky…
ECB likely to keep boosting interest rates, Belgian central-bank chief says
[ad_1] FRANKFURT/BRUSSELS, March 18 (Reuters) – The ECB is likely to keep raising interest rates as a repeat of the 2008 financial crisis is unlikely with European banks subject to…
Credit Suisse lifeline, First Republic rescue: What you need to know
[ad_1] March 17 (Reuters) – Credit Suisse and First Republic Bank shares came under renewed pressure on Friday despite multi-billion dollar support deals, while a source said European Central Bank…
ECB meets over banking stress as US rescue eases immediate fears
[ad_1] March 17 (Reuters) – European Central Bank supervisors met to tackle growing cracks in the banking system on Friday after a $30 billion lifeline for U.S. lender First Republic…