UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
[ad_1] U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. Evelyn Hockstein | Reuters UBS expects the U.S. Federal Reserve to cut interest rates by as much […]
Can UBS make the most of finance’s deal of the century?
[ad_1] “Limited but intensive”. That is how a regulatory filing described, with something approaching wry understatement, the few days of due diligence before ubs announced its deal to rescue Credit Suisse on March 19th. The dramatic acquisition was the first ever tie-up between two “global systemically important banks”, a designation introduced after the financial crisis […]
UBS saves Credit Suisse, creating a vast new bank
[ad_1] At a press conference in Bern on March 19th the chairmen of Credit Suisse and ubs, the two great rivals of Swiss banking, announced a momentous but unhappy union. After one weekend of haggling, and years of creeping despair, the merger valued Credit Suisse at around SFr3bn ($3.2bn). A 167-year-old institution is dead. Global […]