Tag: bank failure

Signs of Swiss bank giant UBS bank are seen in Basel.(AFP)
Posted in Business

Swiss financial regulator defends Credit Suisse takeover by UBS

 April 5, 2023  Leave a Comment on Swiss financial regulator defends Credit Suisse takeover by UBS

The head of the Swiss financial regulator on Wednesday defended the rescue of Credit Suisse through a controversial takeover by rival bank UBS as the…

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Chairman of Credit Suisse, Axel Lehmann speaks during Credit Suisse Annual General Meeting, two weeks after being bought by rival UBS in a government-brokered rescue, at Hallenstadion, in Zurich, Switzerland, April 4, 2023. (REUTERS)
Posted in Business

‘I apologize,’ Credit Suisse chairman admits failure to shareholders

 April 4, 2023  Leave a Comment on ‘I apologize,’ Credit Suisse chairman admits failure to shareholders

The chairman of Credit Suisse apologized Tuesday to shareholders for failures of the once-venerable bank and acknowledged the shock and anger felt as the troubled…

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Finance Minister Nirmala Sitharaman will take first full review meeting with banks after the presentation of Budget 2023-24.(Representative Image)
Posted in Business

FM Sitharaman to meet CEOs of PSU banks amid ongoing global bank crisis: Report

 March 23, 2023  Leave a Comment on FM Sitharaman to meet CEOs of PSU banks amid ongoing global bank crisis: Report

Finance minister Nirmala Sitharaman is scheduled to meet managing directors of public sector banks (PSBs) on March 25 for performance review in the backdrop of…

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