European banking stocks fell sharply on Friday, with Deutsche Bank and UBS knocked by worries that actions by regulators and central banks have not yet contained the worst problems to face the sector
The Swiss Market Index (SMI) index slipped on Friday as concerns about the safety of Swiss companies continued. The index, which is made up of the biggest companies in Switzerland, has dropped by over
The cost of insuring against the likelihood of default by European banks rose sharply on Friday, as concern about the outlook for the sector continued to grip markets, almost a week on from the collap

European bank stocks sink as fear returns

07:12am, Friday, 24'th Mar 2023
Europe's banking stocks tumbled Friday in a sign that investors are still nervous that the recent crises at some banks could spill over into the wider sector.
UBS may be able to cut costs once it buys Credit Suisse, but first it will have to grapple with declining revenue, analysts said in notes expressing caution over the deal.
UBS promised retention packages to wealth management staff in Asia at Credit Suisse , two people with knowledge of the matter said, as the bank tries to stem a talent exodus after the takeover of its
The US Justice Department is investigating banks including Credit Suisse Group AG and UBS Group AG over whether they helped Russian oligarchs dodge sanctions, according to people familiar with the
Credit Suisse AG and UBS group AG are among the banks under scrutiny in a U.S. Justice Department investigation into whether financial professionals helped Russian oligarchs evade sanctions, Bloomberg
The Swiss authorities and UBS Group AG are racing to close the takeover of Credit Suisse Group AG within as little as a month, according to two sources with knowledge of the plans, to try to retain th

Did UBS Just Get the Deal of the Decade?

10:25am, Thursday, 23'rd Mar 2023
The bank's acquisition of Credit Suisse will benefit from very favorable deal math—but there are risks too.
Swiss National Bank President Thomas Jordan says he expects the "situation to calm down" after UBS Group's takeover of Credit Suisse Group. "Last week was a critical situation, but now with all t
Combining two institutions that have vastly different approaches to risk could be difficult.
The global banking turmoil since Silicon Valley Bank's SIVB, -60.41% sudden collapse continues, despite an effort by governments to calm depositors and provide liquidity to troubled banks.
Bank of America and UBS trimmed their terminal rate expectations on Thursday after the U.S. Federal Reserve hinted that it might pause its rate-hike campaign due to the turmoil in the banking sector.
Shares of UBS (NYSE: UBS ) have been in the spotlight ever since there was a worry about the banking industry, not so much because of UBS stock directly, but because of Credit Suisse (NYSE: CS ). Earl
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