Now playing Next Business UBS shares up by 4% despite $785 million loss following Credit Suisse UBS shares were up by 4% as the Swiss banking giant cut costs faster than expected while moving forward with its merger with rival Credit Suisse. 07/11/2023
Now playing Next Switzerland Euroviews. Social media bank runs broke Credit Suisse and SVB. It's about trust With the possible recession that’s currently brewing, the most recent crises in the sector show that banks have to be more open-minded to less traditional forms of reputation strategy, Ran Blayer writes. 25/04/2023
Now playing Next Economy Explained: Why the EU's banking union is still unfinished business The banking union was first pitched in 2012, at the height of the eurozone crisis, but the project remains incomplete to this day. 27/03/2023
Now playing Next Economy ECB ready to preserve 'as necessary' the eurozone's stability: Lagarde Christine Lagarde's comments come in the midst of persistent turmoil across Europe's banking sector. 20/03/2023
Now playing Next Switzerland Central banks move to prevent crisis after UBS buys Credit Suisse The deal serves as a buffer to ease tensions in global funding markets 20/03/2023
Now playing Next Switzerland UBS to acquire troubled rival Credit Suisse in Swiss government deal The Swiss central bank is extending a line of credit up to CHF 100 billion (€100 billion) to UBS and Credit Suisse. 19/03/2023
Now playing Next Switzerland Credit Suisse to borrow €51 billion from Swiss central bank Credit Suisse said it would exercise an option to borrow up to €51 billion from Switzerland's central bank 16/03/2023
Now playing Next Europe News EU should 'stay alert' after Silicon Valley Bank collapse: McGuinness "Higher inflation and rising interest rates present different challenges to financial stability," said European Commissioner Mairead McGuinness. 15/03/2023
Now playing Next Switzerland European banks plunge, dragged down by Credit Suisse On the Paris stock exchange, French bank Société Générale fell by 10.6% and BNP Paribas by 10.3% - marking the biggest decline in the session since 24 February 2022 for Société Générale and since 16 March 2020 for BNP Paribas. 15/03/2023
Now playing Next Switzerland Credit Suisse leak alleges bank stashed billions in illicit funds Credit Suisse 'strongly rejects' the accusations. 21/02/2022
Now playing Next Switzerland Credit Suisse chairman resigns after alleged COVID breaches Antonio Horta-Osorio has quit following an internal investigation, saying 'a number of my personal actions have led to difficulties for the bank'. 17/01/2022
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