by Ken Chase | Apr 5, 2023 | Banks, News
In his annual letter to JPMorgan Chase shareholders, longtime CEO Jamie Dimon argued that the current financial crisis in the banking sector is “not over yet.” Though he acknowledged that the recent shocks to the industry are in no way similar to those seen during the...
by Ken Chase | Mar 20, 2023 | Banks, News
Estimated reading time: 2 minutes UBS reached an agreement to purchase embattled Credit Suisse on Sunday for a reported $3.2 billion. The agreement came after weekend negotiations orchestrated by the Swiss National Bank and Swiss regulators, which pushed for the...
by Ken Chase | Mar 18, 2023 | Banks, News
Estimated reading time: 2 minutes The Financial Times has reported that UBS is currently involved in talks to acquire part or all of embattled Credit Suisse. The Times’ sources reportedly include “multiple people briefed on the talks” who claimed that Switzerland’s...
by visbanking | Nov 28, 2022 | Banks, News
By: Ken Chase Estimated reading time: 2 minutes Embattled Swiss firm Credit Suisse received some good news this week as shareholders gave their approval to the lender’s plan to raise $4.2 billion. That approval greenlights the firm’s plan to raise from the Saudi...
