[ad_1] ZURICH, April 5 (Reuters) – UBS Group AG (UBSG.S) will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG (CSGN.S) in the…
Tag: CORPD
Exclusive: Europe’s banks ramp up bespoke loan trades to reduce risk
[ad_1] Significant risk transfers used to offload credit risk Advisers, investors say Q1 SRT activity unusually high ECB supervised banks SRTs totalled 174 bln euros in 2022 April 5 (Reuters)…
Yellen urges IMF to press creditors to finalize debt restructurings
[ad_1] WASHINGTON, April 4 (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday called for quicker action to resolve several outstanding sovereign debt restructuring cases and urged the International Monetary…
Credit Suisse chairman: ‘truly sorry’ for bank’s demise
[ad_1] ZURICH, April 4 (Reuters) – Credit Suisse’s chairman (CSGN.S) apologised for taking the Swiss bank to the brink of bankruptcy, as he faced shareholder fury over the demise of…
Cineworld ditches sale of US, UK businesses after failing to find buyer
[ad_1] April 3 (Reuters) – Cineworld (CINE.L) said on Monday it would no longer put up for sale its U.S., UK and Ireland businesses as the movie chain operator failed…
Italy close to securing industry safety net for Cinven-owned Eurovita, sources say
[ad_1] First Italian insurer under special administration Intesa among companies ready to back rescue deal Government, regulators confident Eurovita is isolated case ROME, March 30 (Reuters) – Italian authorities are…
NEWSMAKER The banker Switzerland trusts to stem Credit Suisse crisis
[ad_1] ZURICH, March 30 (Reuters) – Straight from a class room to trading securities while just a teenager, Sergio Ermotti has had a career which tracked the Wall Street boom…
Banking turmoil means recession fears are creeping back
[ad_1] March 29 (Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world markets have…