UBS reported an unprecedented quarterly profit in banking history following its urgent acquisition of Credit Suisse.
UBS reported an unprecedented quarterly profit in banking history following its urgent acquisition of Credit Suisse.
Goldman Sachs has sounded the alarm that the U.S. government might head towards a federal shutdown later this year due to intense disagreements among Republicans regarding substantial spending cuts.
At its last shareholder meeting as an independent business on Tuesday, Credit Suisse’s chair, Axel Lehmann, apologized to investors for the 167-year-old Swiss bank’s collapse. Lehmann addressed the bank’s AGM
The US Senate Finance Committee has accused Credit Suisse of aiding wealthy Americans in concealing their assets from tax authorities, even after a unit of the Swiss bank had pleaded
As part of an investigation into tax fraud and money laundering related to dividend payments, some of France’s largest banks were raided by the country’s financial prosecutor.
American prosecutors are set to investigate the services provided by banks to clients with connections to the Kremlin.
Today, in the midst of the recent banking turmoil, the US Treasury Secretary, Janet Yellen, will chair an impromptu meeting with the leaders of America’s financial regulatory bodies.
According to the US Treasury Secretary, Janet Yellen, the recent turmoil in the world’s financial system can be attributed to “contagious bank runs”.
UBS’s wedding to Credit Suisse — with Thomas Jordan holding the shotgun — puts the nail in the coffin of investing certainty.
Asian markets experienced a rebound overnight from the previous day’s downturn, as concerns about another financial crisis eased and lenders were lifted.
On Tuesday, gold prices saw a slight increase as investors eagerly anticipate the Federal Reserve policy meeting.