[ad_1] April 20 (Reuters) – BuzzFeed Inc (BZFD.O) said on Thursday it will shutter its news division, which gained renown for its irreverent and probing coverage but ultimately succumbed to…
Tag: REORG
Credit Suisse rescue package rejected by Swiss parliament
[ad_1] ZURICH, April 12 (Reuters) – Switzerland’s parliament on Wednesday rejected a Credit Suisse rescue package that included 109 billion Swiss francs ($120.87 billion)in financial guarantees in a largely symbolic…
Swiss parliament approves 109 billion franc rescue package for Credit Suisse
[ad_1] ZURICH, April 11 (Reuters) – The upper house of Switzerland’s parliament on Tuesday retrospectively approved 109 billion Swiss francs of financial guarantees, which were included in a rescue package…
Austrian banks unaffected by banking turmoil, finance minister tells Neue Zuercher Zeitung
[ad_1] ZURICH, April 8 (Reuters) – Austria’s government is monitoring the global banking turmoil although there are so far no signs of it spreading to the country’s financial sector, Finance…
Swiss finance minister sees no ‘stumbling blocks’ to UBS takeover of Credit Suisse
[ad_1] ZURICH, April 8 (Reuters) – UBS’s (UBSG.S) multi-billion state-sponsored takeover of Credit Suisse (CSGN.S) should proceed smoothly without political obstructions, Swiss Finance Minister Karin Keller-Sutter said in an interview…
Switzerland cuts bonus payouts for top Credit Suisse management
[ad_1] BERLIN, April 5 (Reuters) – Switzerland has instructed Credit Suisse (CSGN.S) to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether…
Investor pressure builds for Seven & i shake-up, including 7-Eleven spin off
[ad_1] NEW YORK/TOKYO, April 5 (Reuters) – Another major shareholder in Seven & i Holdings (3382.T) is pushing the company to spin off its 7-Eleven convenience store chain and wants…
UBS faces investors after shotgun Credit Suisse takeover
[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…
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)…
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…