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Over $68 billion withdrawn from Swiss' Credit Suisse ahead of UBS merger

Credit Suisse-UBS merger: Switzerland's long-time second largest bank saw 61.2 billion Swiss francs ($68.6 billion) withdrawn in the first quarter alone.

The bank also reported deceptively bloated net profits for the quarter,(Reuters)
Published on Apr 24, 2023 04:25 PM IST

Credit Suisse accused of obstructing probe into Nazi accounts investigation

Reports show, Credit Suisse seems to have maintained accounts for at least 99 individuals who were senior Nazi officials or members of Nazi-affiliated groups.

The latest internal Credit Suisse investigation was conducted by forensic research firm AlixPartners and overseen by Neil Barofsky,(HT Print)
Published on Apr 19, 2023 05:07 PM IST
Bloomberg | | Posted by Animesh Chaturvedi

Credit Suisse rescue package rejected by Swiss parliament

Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS.

FILE PHOTO: The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. REUTERS/Denis Balibouse/File Photo(REUTERS)
Published on Apr 12, 2023 10:16 PM IST
Reuters |

Ex-RBI governor Raghuram Rajan says banking system headed for more trouble

Rajan said a decade of easy money and a flood of liquidity from central banks has caused an “addiction” and a fragility within the financial system.

Former Governor of Reserve Bank Of India (RBI) Raghuram Rajan(Mohd Zakir/HT PHOTO)
Published on Apr 07, 2023 12:07 PM IST
Bloomberg | | Posted by Aryan Prakash

US bank runs hold key lessons for India

Indian regulators should not be blind to risks in the underbelly of the system. And bank boards must challenge bank managements on their business models

A bank will survive only as long as it can carry the bluff that it can redeem all deposits even if it were to do so all at once. To SVB’s misfortune, its bluff got called. Avoiding that fate is a perennial challenge for a bank (AFP)
Updated on Apr 05, 2023 08:05 PM IST
ByDuvvuri Subbarao
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