ASIAN STOCK MARKETS fell today after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis.
Central banks announced coordinated efforts to stabilise lenders including a facility to borrow US dollars if necessary. US regulators have also sought to calm fears over threats to banking systems. The Federal Reserve said cash-short banks had borrowed about $300 billion from the Federal Reserve in the week up to Thursday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse, UBS and regulators in rush to seal historic mergerUBS and regulators rush to seal Credit Suisse takeover via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »
ECB ready to help banks after €3bn rescue of Credit SuisseGovernments hope for calm when markets open after rival UBS agrees takeover of beleaguered lender Switzerland is not in Europe Nothing to worry about imf not coming into our country ring a bell tanaiste still doesn't believe they came either still apperantly
Source: IrishTimes - 🏆 3. / 98 Read more »
UBS buys troubled Credit Suisse bank for over $2 billionThe event came after a day of talks at the finance ministry on the future of Credit Suisse and a rejected offer from UBS of $1 billion.
Source: thejournal_ie - 🏆 32. / 50 Read more »