AN EXTRAORDINARY weekend in Switzerland culminated in the collapse of Credit Suisse into the wary embrace of its great rival, UBS. The latter did not want to have to buy the former. For all the Swiss authorities’ insistence that this was a takeover – a “commercial solution” according to...
LAWYERS from Switzerland, the United States and UK are talking to a number of Credit Suisse Additional Tier 1 (AT1) bondholders about possible legal action after the state-backed rescue of Credit Suisse by UBS wiped out AT1 bonds, law firm Quinn Emanuel Urquhart & Sullivan said on Monday (Mar...
CENTRAL banks in Asia are unlikely to be greatly influenced by the banking crisis in the United States and Europe – but could feel less pressure to tighten policy if the United States Federal Reserve itself holds off on further rate hikes amid the fallout, said private-sector economists.
