UBS has its own headquarters in London's historic Square Mile, a gleaming 700,000 square foot "groundscraper" where the bank had already begun sub-letting some space after more of its staff took up flexible working since the COVID-19 pandemic.Outside Credit Suisse's offices on Monday there was little sign of the tumult. One man who walked out of the building told Reuters that inside the atmosphere was business as usual.
"London's financial services industry remains by far the largest in Europe," LSE's Travers said, adding that Britain's regulatory regime may be a pull for international finance at a time when questions are being raised about other jurisdictions.
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Analysis: UBS swallows Credit Suisse, casting shadow over SwitzerlandUBS Group emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet that makes the Swiss economy more dependent on a single lender. Beware of the intestinal bugs!! So banks have bad credit! They have the nerve to judge others! Catering to the rich who rarely pay bills and want everything free! It’s called KARMA!😝 FreeMilesGuo U.S. DOJ is a running dog of CCP. It’s a disaster for American! Read this full report on the CCP's control of the U.S. DOJ.👇 “Unrestricted Lawfare: Infiltration of the US Justice System by the Chinese Communist Party”
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Switzerland preparing emergency measures for UBS' takeover of Credit Suisse: ReportAccording to a March 18 Financial Times report citing three people familiar with the situation, Switzerland is preparing to use 'emergency measures' to accelerate UBS' takeover of Credit Suisse before 'markets open on Monday.' The SNB and the Swiss Financial Market Supervisory Authority (FINMA) are working to “reach regulatory agreement” by Saturday night, having reportedly told international counterparts that “they regard a deal” with UBS as the “only option” to prevent a “collapse in confidence” in… I'm sure they'll make it.
Source: Cointelegraph - 🏆 562. / 51 Read more »
UBS closing in on deal to take over struggling Credit Suisse bank: reportThe Wall Street Journal reported Saturday that UBS is nearing a deal to acquire Credit Suisse in a deal to save the bank amid a global banking crisis. We just got screwed by Biden again. Rich get either and we pay ProfDemirtas hocam 2022 de 132 Milyar zarar eden bir bankanın 7,2 milyar zarar eden bir bankayı satın almasını nasıl buluyorsunuz?
Source: FoxBusiness - 🏆 458. / 53 Read more »