The Brazilian unit of Credit Suisse Group AG is in talks to sell a stake in Verde Asset Management, along with some of the partners in the hedge fund. Lumina Capital, an alternative asset management company, is negotiating to buy the stakes, according to a joint statement from the three companies. Talks are ongoing and […]
Tag: Credit Suisse
First Republic shares plunge nearly 33% despite $30 billion support
The actions of the First Republic Bank they plunged almost 33% on Friday, leaving them down more than 80% in the last 10 sessions, despite a bailout package with $30 billion in deposits injected by big US banks. The embattled lender was in talks to raise money from other banks or private equity firms by […]
European stocks post their worst week in five months on jitters over banking crisis
The actions European They erased their early gains on Friday and posted their biggest weekly drop in five months as support measures from security regulators USA The US and Europe failed to allay fears of a looming global banking crisis. * The pan-European STOXX 600 index closed the day down 1.3%, dragged down by banks, […]
$54 billion bailout for Credit Suisse gives limited respite to global banks
Credit Suisse It tried to shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from the Swiss central bank, though the move offered only limited respite to global bank stocks. The Swiss bank is the first major world bank to be thrown an emergency lifeline since the 2008 […]
ECB increases its rates by 0.50 points despite banking turmoil
The European Central Bank (ECB) again increased its main interest rates by 0.50 percentage points this Thursday, to combat inflation, judging that the banks in the euro zone are solid and “resilient” despite the turbulence affecting the sector. However, the guardians of the euro were prudent and did not allude, as they had done up […]
Credit Suisse bank scandals in recent years
The actions of Credit Suisseimmersed in a deep restructuring, continued to collapse on Wednesday after a series of scandals in the last years of the financial entityconsidered the “weak link” of the Swiss banking sector. Greensill bankruptcy The bank saw its asset management arm reel from the 2021 bankruptcy of British financial firm Greensill, to […]
Banco Credit Suisse falls 24% in the stock market and shocks European banks
The actions of Credit Suisse fell this Wednesday, March 15, 24% on the Zurich Stock Exchange, a collapse that dragged down other European bank values, after having lost 30%It was a dark day for Switzerland’s second-biggest bank, marked by the refusal of the Saudi National Bank, its main shareholder, to give it more financial assistance. […]
Latin America has a “very resilient” financial system, says IDB president
The president of the Inter-American Development Bank (IDB), Ilan Goldfajn, said on Wednesday that Latin America has a financial system “very resilient and supervised”, after the uncertainty generated after the collapse of Silicon Valley Bank (SVB) and problems with financial institutions in the United States and Europe. The recent bankruptcies of BLSvalued at US$ 209,000 […]
Credit Suisse Bank collapses nearly 20% on Swiss stock market
The bank’s action Credit Suisse It sank this Wednesday on the Swiss stock market, after its main Saudi shareholder declared that it will not support the entity by increasing its stake in the capital. By 1040 GMT, the share of the second largest Swiss bank was down 19.7% at CHF1.7985, after hitting a record low […]
WTI oil barrel falls below $70 for the first time in 15 months
The contract of Petroleum American WTI was trading this Wednesday at its lowest price since December 2021, for fear of the impact that the bank’s difficulties may have Credit Suissewhich are added to the bankruptcy of the American Silicon Valley Bank. By 1130 GMT, a barrel of West Texas Intermediate (WTI) for April delivery was […]