UBS could be forced to pay US authorities $1.3bn - the amount Credit Suisse had discounted from its 2014 plea deal.
March 30, 2023The FSB said its members have agreed to "review the lessons to be learned from the recent actions by authorities to resolve financial institutions".
March 30, 2023FINMA president Marlene Amstad said Credit Suisse had a cultural problem and made numerous mistakes over several years.
March 29, 2023Regulators respond to Swiss decision to wipe out Credit Suisse bondholders by pledging to respect the bank rescue hierarchy in a crisis.
March 24, 2023From Monday until at least the end of April, the Fed and other central banks will make US dollars available on a daily basis, rather than weekly.
March 20, 2023The deal gives Credit Suisse shareholders shares in UBS worth just 40 percent of what their CS shares were worth on Friday.
March 20, 2023Nine banks and three central banks participated in testing Swift's API-based CBDC connector across two blockchain networks and fiat-based payment systems.
March 10, 2023Neuberger Berman and Fidelity International are launching new funds. AllianceBernstein won approval. UBS is planning to apply. VanEck is withdrawing.
March 6, 2023The investment will go towards the development of a global carbon credit transaction network that will launch later this year.
February 9, 2023The beneficial ownership of ten offshore trusts owned by Russian oligarch Roman Abramovich was changed shortly before he was sanctioned in the EU and UK.
February 3, 2023