[ad_1] ZURICH, March 22 (Reuters) – The fall of Credit Suisse (CSGN.S) has dealt a serious blow to Switzerland’s credentials as the world’s leading wealth management centre, experts warn, calling…
Tag: CORPD
J&J to seek U.S. Supreme Court review on unit’s bankruptcy
[ad_1] March 22 (Reuters) – Johnson & Johnson (JNJ.N) said on Wednesday that it would ask the U.S. Supreme Court to revive its effort to resolve tens of thousands of…
UBS likely to shrink Credit Suisse’s $10 bln shipping portfolio – WSJ
[ad_1] March 22 (Reuters) – UBS Group AG (UBSG.S) will likely shrink Credit Suisse Group’s (CSGN.S) $10 billion shipping portfolio that it inherited as a part of its emergency takeover…
First Republic rescue may rely on US backing to facilitate deal – Bloomberg News
[ad_1] March 21 (Reuters) – Wall Street CEOs and U.S. officials discussing an intervention at First Republic Bank (FRC.N) are exploring the possibility of government backing to encourage a deal,…
US Treasury looks to strengthen financial stability; big focus on smaller banks
[ad_1] WASHINGTON, March 21 (Reuters) – The U.S. Treasury is continuing to monitor the health of mid-sized and regional banks and is considering what steps can be taken to further…
Analysis: Market turmoil is doing central bankers’ jobs for them
[ad_1] Financial conditions tighten after banking rout Market turmoil equal to multiple Fed hikes -economists Bank stocks tumble, borrowing costs surge Lending standards will tighten -Goldman Sachs March 21 (Reuters)…
World Bank president expresses deep concern on Zambia debt restructuring
[ad_1] WASHINGTON, March 21 (Reuters) – World Bank President David Malpass said on Tuesday he remained deeply concerned about the debt restructuring stalemate in Zambia and that the bank is…
Fed, US banks in focus as mood improves on Credit Suisse rescue
[ad_1] March 21 (Reuters) – Investors on Tuesday took some heart from the rescue of troubled lender Credit Suisse by its Swiss rival UBS (UBSG.S), though concerns lingered about the…
Switzerland’s secretive Credit Suisse rescue rocks global finance
[ad_1] ZURICH, March 20 (Reuters) – Days before a hastily convened press conference late on Sunday that would make the world’s front pages, Switzerland’s political elite were secretly preparing a…