SVP sets conditions for yes to loans for CS takeover

The SVP has made a yes to the loans for the takeover of Credit Suisse by UBS subject to conditions. Among other things, she calls for a special session. Credit Suisse (archive image) – sda – KEYSTONE/MELANIE DUCHENE Ad the essentials in brief The SVP parliamentary group makes demands for a yes to the CS […]

Why banks are now rejecting so many real estate loans

house building Financing based on small surpluses “is no longer easily waved through.” (Photo: Mauritius images / Ralf Gerard) Frankfurt The number of newly granted home loans is lower than it has been for many years. This is confirmed by banks and intermediaries. However, this is not due to a lack of demand, as a […]

Companies and households face a stage of greater credit restriction

The United States Federal Reserve and the European Central Bank have urgently taken measures to avoid a generalized banking crisis like the one that occurred in 2008. After the bankruptcy of Silicon Valley Bank and the sale of Credit Suisse to UBS to solve its critical situation, the world central banks announced that they are […]

Italy assesses the impact of Credit Suisse, SVB on the banking system

(Source: AP) Italian Economy Minister Giancarlo Giorgetti said on March 20 that the impact of the crisis at Swiss bank Credit Suisse on the Italian banking system would be “negligible.” Speaking on the sidelines of an event of Intesa Sanpaolo, Italy’s largest bank, in Milan, referring to the market turmoil associated with Credit Suisse and […]

UBS to take over struggling Credit Suisse​

The major Swiss bank UBS will take over its rival Credit Suisse, which has slipped deep into the crisis. The Swiss National Bank (SNB) is supporting the takeover with extensive liquidity support, the central bank announced on Sunday evening. A loan totaling up to CHF 100 billion will be granted. Credit Suisse has lost the […]

Financial Times: UBS talks about acquiring Credit Suisse

UBS Group AG is in talks to acquire all or part of Credit Suisse, the Financial Times reported on Friday evening, citing people familiar with the matter. UBS, the world’s largest Swiss bank, is in talks to fully or partially acquire Credit Suisse, its archrival, “with the express blessing of Swiss regulators.” The Swiss central […]