As per the Financial Times report on Sunday, UBS (UBSG.S) has raised its offer to more than $2 billion to acquire the Swiss banking behemoth Credit Suisse (CSGN.S).
What the hell is going on? Silicon Valley Bank, First Republic, Credit Suisse & potentially hundreds more
Good morning investors, and welcome to my very first newsletter on Substack. I have been motivated to start this weekly transmission for a few reasons.
The Bank of England is hastily evaluating the potential danger of a new financial crisis.
In an effort to prevent the spread of instability following the industry’s most tumultuous week since the 2008 financial crisis, the Bank of England has instructed British lenders to disclose
As concerns about banking contagion escalate, UBS is considering a possible acquisition of Credit Suisse.
Sources have reported that UBS AG (UBSG.S) is considering the acquisition of Credit Suisse (CSGN.S), its struggling Swiss counterpart, in an effort to prevent the ongoing crisis at the bank
According to the OECD, the UK is the only major economy, aside from Russia, that is expected to contract this year
The Organisation for Economic Cooperation and Development (OECD) has forecasted that the UK economy, apart from Russia, will be the sole industrialised country to shrink in 2023, even though increasing
Credit Suisse sued by U.S shareholders
Credit Suisse’s recent troubles have led to its first lawsuit by US investors, who claim that the bank exaggerated its financial prospects to shareholders.
Bank stocks are experiencing a decline as Credit Suisse’s actions trigger concerns of a new crisis.
As Credit Suisse’s largest shareholder rules out injecting additional funds into the troubled lender, concerns over the banking sector have deepened, leading to a decline in the stock markets.
RNS Hotlist with Zak Mir: BANK, AAU, MSMN, TRMR, ALL, SAR, SYN & GRX
This post was written by Zak Mir, a Technical Analyst, Events Host, Presenter, CEO Interviewer and established Market Commentator.
A lawsuit has been filed against the parent company of Silicon Valley Bank and its senior executives
Shareholders have filed a class action lawsuit against SVB Financial Group, the parent company of Silicon Valley Bank, and two of its top executives over the collapse of the tech-focused
The stock prices of First Republic have plummeted following the collapse of Silicon Valley Bank.
First Republic Bank’s stock has experienced a 60% decline in pre-market trading as the US financial institution attempts to address concerns regarding its liquidity after the collapse of Silicon Valley
RNS Hotlist with Zak Mir: AVCT, TAP, BANK, THG, HUI, AAZ, DKL, 1SN, POLX, DXRX, WBI, CNR & KAV
This post was written by Zak Mir, a Technical Analyst, Events Host, Presenter, CEO Interviewer and established Market Commentator.