UBS is seeking $US6 billion costs to be covered by the Swiss government,if it buys rival Credit Suisse.
Swiss officials are pushing UBS to look at various ways it could be involved with finding a way to help its ailing rival Credit Suisse.
For some,it’s hard to ignore the similarities between this week’s overseas banking turmoil and the early days of the global financial crisis.
There are good reasons to feel uncomfortable about this bailout. By saving big depositors from their own fecklessness are policymakers encouraging future bad behaviour?
The founder of a Sydney start-up has taken several staff on an emergency trip to recover money from the collapsed Silicon Valley Bank.
Financial markets are betting the dramatic failure of Silicon Valley Bank will result in a lower peak in Australian interest rates.
Although the failure of SVB was likened to the global financial crisis,it was a false equivalence for a few simple reasons.
The announcement came amid fears that the factors that caused the Santa Clara,California-based bank to fail could spread.
Silicon Valley Bank has become the latest bank to collapse in the US,and the first since 2020.
A former stockbroker told his estranged wife via a series of text messages to lie to regulators if questioned about signatures he allegedly forged.
The 2008 financial crisis claimed many investment banks,but some,including Goldman Sachs,made billions after shorting the market. Now regulators are again trying to put a key rule in place.