Dimon: ‘Current Crisis Is Not Over Yet’

Dimon: ‘Current Crisis Is Not Over Yet’

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...
UBS to Buy Credit Suisse in Emergency Rescue

UBS to Buy Credit Suisse in Emergency Rescue

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...
Report: UBS in Discussions for Credit Suisse Acquisition

Report: UBS in Discussions for Credit Suisse Acquisition

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...