Credit Suisse
‘Identify stress points, adverse exposures’: What FM Sitharaman told state-run banks amid global turmoil
NEW DELHI: With the global banking sector plunging into turmoil after the Silicon Valley Bank collapse in US, the Centre on Saturday asked all public sector lenders (PSBs) to assess various financial health parameters.The direction came at a review meeting chaired by Union finance minister Nirmala Sitharaman.After a detailed meeting with the chiefs of the […]
UBS against the clock in Credit Suisse takeover talks
ZURICH: UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.Switzerland’s biggest bank UBS is being urged by the authorities to get a deal over the line, in a bid to avoid a wave of contagious […]