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Who is Sergio Ermotti? The Banker Tasked With Saving Swiss Banking
Markets Finance Sergio Ermotti, who remade UBS into one of Europe’s strongest banks, is returning to handle the messy integration of Credit Suisse Source link
A Rapid-Finance World Must Ready for a Slow-Motion Banking Crisis
Though the Federal Reserve and FDIC have stopped contagion from Silicon Valley Bank for now, smaller and regional banks could face pressure for years to
Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says
Markets Finance The Swiss bank failed to disclose transfers linked to a continuing tax conspiracy, according to a Senate investigation Source link
Credit Suisse Has UBS Worried, Spurring Return of Sergio Ermotti
Markets Heard on the Street Hiring a trusted pair of hands for the task of integrating Credit Suisse is good news, but also highlights the
Credit Suisse Violated Plea Deal in Tax Case, Senate Report Says
Markets Finance The Swiss bank failed to disclose transfers linked to a continuing tax conspiracy, according to a Senate investigation Source link
UBS Brings Back Sergio Ermotti as CEO
UBS said its former leader Sergio Ermotti will return as chief executive, as the Swiss banking giant moves into a new era with its takeover
First Citizens Buys Much of Silicon Valley Bank
The acquisition comes more than two weeks after the lender’s collapse sent tremors through the banking system. Source link
Eurozone Banks Cut Lending Even Before Latest Financial Turmoil
Economy Europe Economy Decline in bank lending could deepen as financial institutions move to retain deposits, strengthening effect of ECB rate moves Source link
Saudi Chairman of Credit Suisse’s Largest Investor Resigns
Markets Finance Ammar al-Khudairy’s remarks about Saudi National Bank’s investment in the troubled lender set off an investor panic Source link
It Wasn’t Just Credit Suisse. Switzerland Itself Needed Rescuing.
ZURICH—The chairman of Switzerland’s largest bank received an urgent call last week. On the other end were three top Swiss officials who delivered an ultimatum