French banks stable, Credit Suisse takeover deal welcome PARIS: Bank of France head Francois Villeroy de Galhau said French banks were stable and profitable and had good... Published 20 Mar, 2023 01:32pm
Markets Saudi National Bank strategy unaffected by hit to Credit Suisse investment DUBAI: Saudi National Bank’s growth strategy will be unaffected by the reduced valuation on its investment in Credit... Published 20 Mar, 2023 12:56pm
Markets UBS takeover of Credit Suisse: the main points ZURICH: The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of... Updated 20 Mar, 2023 03:27pm
Markets Asian stocks drop despite Credit Suisse buyout, central banks’ pledge HONG KONG: Asian equities sank Monday following a sell-off in New York as investors fret over the financial sector,... Published 20 Mar, 2023 12:17pm
Markets Hong Kong stocks end with big losses HONG KONG: Hong Kong stocks closed sharply lower on Monday as banks were hammered by worries over the sector, even... Updated 20 Mar, 2023 01:43pm
Markets Singapore central bank says no interruption to Credit Suisse operations Singapore’s central bank said Credit Suisse Group would continue operating in the city-state without any curbs,... Published 20 Mar, 2023 11:24am
Markets Credit Suisse takeover, central bank action calm jittery markets Moves by authorities to avert a global banking crisis lifted market confidence on Monday as investors welcomed a... Updated 20 Mar, 2023 12:35pm
Markets Rupee declines significantly, settles at 284.03 against US dollar Currency depreciates 0.82% in inter-bank market Updated 22 Mar, 2023 10:17am
Markets Gold bounces to 1-year high as banking sector concerns return to fore Gold prices jumped 1% to their highest since March last year on Monday, erasing earlier losses, as worries about the... Updated 20 Mar, 2023 03:31pm
Markets Indian shares open lower as banking concerns linger; Adani stocks slide BENGALURU: Indian shares opened lower on Monday as some investors worried about contagion risks in the global... Published 20 Mar, 2023 10:18am
Markets China’s yuan eases after reserve ratio cut; Fed decision in focus SHANGHAI: China’s yuan eased against the dollar on Monday, pressured by prospects of higher liquidity after the... Published 20 Mar, 2023 10:01am
Business & Finance Credit Suisse writes down $17 bln of bonds to zero, angering holders LONDON: Credit Suisse has written down its Additional Tier 1 bonds to zero as part of its takeoverby UBS, angering... Published 20 Mar, 2023 01:55am
World U.S. Treasury, Federal Reserve in touch with Swiss authorities after UBS deal to buy Credit Suisse WASHINGTON: The U.S. Federal Reserve and the Treasury Department said on Sunday they welcomed the announcements by... Published 20 Mar, 2023 12:57am
Business & Finance UBS agrees to buy Credit Suisse as global regulators assure markets UBS will buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and assume up to $5.4 billion... Updated 20 Mar, 2023 01:45am
Business & Finance UBS close to finalizing deal for Credit Suisse: source UBS is close to finalizing a deal to buy rival Swiss bank Credit Suisse, a source familiar with the matter told... Published 19 Mar, 2023 11:10pm
Business & Finance UBS offers to buy Credit Suisse for up to $1 billion: FT UBS Group AG has offered to buy Credit Suisse for up to $1 billion, with the Swiss government planning to change the... Updated 19 Mar, 2023 06:06pm
Markets UBS against the clock in Credit Suisse takeover talks ZURICH: UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank... Published 19 Mar, 2023 11:00am
Business & Finance UBS in talks to acquire embattled Credit Suisse GENEVA: Switzerland’s largest bank, UBS, is in talks to buy all or part of Credit Suisse, according to a report by... Published 18 Mar, 2023 12:06pm
Markets Indian rupee to inch up, helped by the US and Europe bank rescues MUMBAI: The Indian rupee is expected to open higher versus the dollar on Friday, aided by the slight improvement in... Published 17 Mar, 2023 10:52am
Print Yellen says US banking system sound despite turmoil WASHINGTON: The US banking system remains sound despite market anxiety over the collapse of Silicon Valley Bank ... Updated 17 Mar, 2023 09:15am
Markets Japanese rubber futures dip SINGAPORE: Japanese rubber futures fell on Thursday, as wild swings in the banking sector this week reduced risk... Published 17 Mar, 2023 06:15am
Business & Finance Credit Suisse’s $54bn lifeline gives global banks tentative respite ZURICH: Credit Suisse sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up ... Published 17 Mar, 2023 06:15am
World Saudi officials downplay risks to global bank sector RIYADH: Saudi finance officials on Thursday downplayed risks to the global banking sector after days of market... Published 16 Mar, 2023 09:02pm
Business & Finance Moody’s says Switzerland can manage shocks like Credit Suisse ZURICH: Moody’s is comfortable with the highest rating it holds for Swiss sovereign debt, the ratings agency said on... Published 16 Mar, 2023 07:51pm
Markets Credit Suisse shares leap 35% as markets cheer lifeline ZURICH/LONDON: Credit Suisse shares soared by over 35% in premarket trading on Thursday, while the value of its... Published 16 Mar, 2023 02:17pm
Markets Credit Suisse launches tender offer for euro and dollar notes LONDON: Credit Suisse launched on Thursday a cash tender offer for its euro and US dollar denominated notes,... Published 16 Mar, 2023 02:08pm
Markets Japan’s 10-year yield tracks US yields lower on banking crisis fears TOKYO: The yield on Japan’s 10-year government bond fell on Thursday, tracking US Treasury yields, which fell on... Published 16 Mar, 2023 01:04pm
Markets JPMorgan: Credit Suisse takeover, especially by UBS is ‘most likely scenario’ LONDON: Wall Street bank JPMorgan said on Thursday that Credit Suisse being taking over by another lender, most... Published 16 Mar, 2023 12:25pm
Markets Market turmoil tests ECB rate hike appetite FRANKFURT: European Central Bank governors will meet Thursday, with fears over a widening banking crisis testing... Published 16 Mar, 2023 10:33am
Markets Credit Suisse says it will borrow up to $53.7bn from central bank ZURICH: Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to... Published 16 Mar, 2023 10:09am