Tag: Credit Suisse

The Incoming Commercial Real Estate Crisis No One Seems Prepared For

‘I think that there’s more to come,’ said Peter Earle, research fellow at the American Institute for Economic Research. It...

Global Financial Risks Have Risen Amid Bank Turmoil, IMF Chief Warns

Collapse of SVB and the rescue of Credit Suisse by rival UBS show that risks to global financial stability have increased, IMF chief Kristalina Georgieva said.
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Elon Musk Shocked by $100 Billion Liquidity Support for Credit Suisse Rescue Deal

Elon Musk expressed shock that investment banking company UBS would get a $100 billion emergency credit line as part of a $2 billion deal to buy Credit Suisse.
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Swiss Government: UBS to Take Over Credit Suisse for More Than $3 Billion

Investment banking company UBS has agreed to purchase its rival Credit Suisse in a deal worth more than $3 billion after Swiss government mediated the merger.

The richest 1% of people amassed almost two-thirds of new wealth created in the last two years, Oxfam says

Since 2020, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world, a new report from Oxfam says.