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Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke. Credit Suisse's chiefs fronted up at the bank's annual general meeting, 16 days after its hastily arranged…
Zurich: Credit Suisse chairman Axel Lehmann said on Tuesday he was truly sorry that the beleaguered bank could not be saved as he faced angry and te...
On March 7, 2023, the Office of the Superintendent of Financial Institutions (“OSFI”), the Canadian government agency responsible for supervising federally-regulated financial...
Billionaire Bill Ackman says that the US banking crisis is heading for a train wreck and there is nothing that can stop this disaster.
>> i read this as her wanting people to think they haven't extended a blanket guarantee to every depositor in the united states. if you look at what they did with silicon valley bank, they declared it systemically important so they could guarantee all the deposits. this does nothing to constrain their behavior in any way. they can look at any bank and say, well, systemically important, let's gauarantee all their deposits. they're trying to pull back an overreach, 100% guarantee of every deposits stands out as an important precedent they set with silicon valley bank. i am not as worried some ab...