You Searched For "swiss banks" and got 20 results
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2 mins read
UBS smashes Q2 profit forecasts thanks to its surging wealth-management business - but expects a drop in client activity in Q3
The Swiss bank's wealth management division contributed the most to results and posted $25 billion …
Shalini Nagarajan
2 mins read
Swiss prosecutors have opened an investigation into the takeover of Credit Suisse by UBS, report says
Switzerland's Federal Prosecutor told the Financial Times it was looking into potential breaches of…
Ryan Hogg
2 mins read
Oligarchs and other wealthy Russians have stashed up to $214 billion in secretive Swiss bank accounts, leading trade group reveals
The unusual revelation from Switzerland's top banking association, made to Reuters, comes after the…
Huileng Tan
4 mins read
How bad is the banking crisis?
Central banks, regulators and governments are rushing to save banks from collapsing. But the uncert…
Spriha Srivastava
1 min read
First Citizens Bank jumps 50% after deal to acquire assets of collapsed Silicon Valley Bank
Shares of the Raleigh, North Carolina-based bank hit an intraday high of over $880, its highest lev…
Morgan Chittum
2 mins read
Top Swiss bank UBS smashes expectations with 99% rise in third-quarter net profit as trading and wealth management surge
Loan losses remained relatively low this quarter, compared to the provisions set aside in the first…
Shalini Nagarajan
1 min read
$68 billion withdrawn from Credit Suisse before collapse
Collapsed banking giant Credit Suisse says 61.2 billion Swiss francs ($68.6 billion) left the bank …
2 mins read
Credit Suisse misses expectations as 3rd-quarter net profits plunge 38%, hit by a slowdown in wealth management
Profit hit 546 million Swiss francs ($462 million) in the quarter, lower than the 680.7 million fra…
Shalini Nagarajan
3 mins read
Rolex Daytona prices continue to slide on the resale market as the crypto crash wipes out wealth of newer collectors
Resale prices for the most popular variant of the Cosmograph fell 16% from their peak in April, but…
Dominick Reuter
3 mins read
The euro has broken $1 for the first time in 20 years, bulldozed by an unstoppable dollar. Here are 3 other currencies to watch.
The dollar has surged this year as the Fed hikes interest rates aggressively. These three other maj…
George Glover
2 mins read
The European Central Bank just brought in another big rate hike despite Credit Suisse rattling bank stocks
The ECB raised borrowing costs Thursday for the sixth time in a row, sticking to its plan by bringi…
George Glover
2 mins read
UBS completes Credit Suisse acquisition to become a banking behemoth
Swiss bank UBS on Monday said it has completed the acquisition of troubled rival Credit Suisse. …
2 mins read
UBS acquiring Credit Suisse is 'no bailout' says Swiss finance minister but top economist Mohamed El-Erian disagrees
UBS struck a $3.25 billion Swiss government-brokered deal to acquire its troubled peer Credit Suiss…
Huileng Tan
2 mins read
Sensex snaps 5-day losing streak on value-buying; Nifty closes near 17,000 level
Halting its five-day losing streak, the 30-share BSE benchmark rose 78.94 points or 0.14 per c…
PTI
3 mins read
IT dept seeks to prosecute Anil Ambani for holding secret funds in Swiss accounts
The department said he was liable to be prosecuted under Sections 50 and 51 of the Black Money…
PTI
1 min read
The Swiss government has put a stop to some Credit Suisse banker bonuses after public backlash over the state-engineered rescue plan
UBS is buying Credit Suisse for $3.25 billion, but the Swiss government and its central bank are pr…
Huileng Tan
1 min read
Global financial stability at risk from banking turmoil: IMF chief
International Monetary Fund (IMF) chief Kristalina Georgieva has warned that the global economy fac…
1 min read
The Chinese yuan has passed the Australian, Canadian and Swiss currencies to become the world's 5th most traded
The US dollar remains the world's top currency, followed by the euro, yen and pound, according to t…
Brian Evans
2 mins read
Bank turmoil drags oil prices down to 15-month low
US crude inventories grew more than expected last week, suggesting the Fed's tighter monetary polic…
Phil Rosen
7 mins read
Not time for bottom fishing yet say experts even as many blue chips hit their 52 week lows
Indian markets have been under pressure in the last few weeks in tandem with the global markets tha…