Head of Credit Suisse talks of his profound sadness over UBS takeover Ulrich Körner acknowledges an ‘emotional and challenging week’ after emergency deal was forced through by Swiss authorities
Deutsche Bank is no Credit Suisse, despite investors’ fears German lender’s shares were hit by general loss of confidence, not by any specific failings
Deutsche Bank leads sell-off in European bank shares FTSE 100 also falls amid fears another bank could slip into trouble after UBS takeover of Credit Suisse
Britain’s biggest banks under pressure to pass on higher interest rates to savers Unite says their analysis shows banks have made £7bn in extra profit from the rise in borrowing costs
Switzerland’s national pride dealt heavy blow by the merger of its banking titans ‘A monster is born’, say local press, as Credit Suisse takeover by UBS creates bank twice the size of the Swiss economy
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Now the tide of money into the tech sector is ebbing, we can see who has no bathers on Following an increase in interest rates, new start ups, old tech companies and SVB are facing hard times, says banking lecturer Maurizio Fiaschetti
Ousted Persimmon boss sets up new venture with his wife Exclusive: Jeff Fairburn, who was forced to leave housebuilder after outrage at £82m bonus, registers ‘credit granting’ business
Decision on interest rate rise on knife-edge amid banking crisis fears While inflation remains high, traders are now uncertain if Bank of England and US Federal Reserve will hike rates – and how much
Jobs at risk after UBS takeover of Credit Suisse; FTSE 100’s biggest rally of 2023 – as it happened UBS’s rescue of Credit Suisse is expected to result in tens of thousands of job cuts, while bank shares are recovering today on both sides of Atlantic
Thousands of UK jobs at risk after UBS takeover of Credit Suisse Investment banking roles expected to be worst hit at Credit Suisse in London
To prevent more bank runs, the Fed should pause rate hikes Inflation is receding, albeit slowly, so there’s no reason to risk more financial tumult. Will the central bank see it that way?
Until bankers have more to lose themselves, collapses like SVB and Credit Suisse will keep happening Those at the top need to have skin in the game – and know that risky decisions they make will affect them too, says economist Natacha Postel-Vinay
First Republic’s shares crash more than 46% after downgraded credit rating The US bank may need to raise more funds despite a $30bn rescue last week
UK and US shares climb as banks and ministers aim to calm Credit Suisse fears FTSE 100 rises and European banking shares are up after early jitters over what UBS takeover deal means for bondholders