#primarydealers

[biglisbonnews]

Switzerland suspended a shareholder vote to merge UBS with Credit Suisse. Now it's investigating the deal Federal prosecutors in Switzerland are reviewing the government-backed merger between UBS and Credit Suisse. The move comes after Swiss financial authorities issued an emergency ordinance (Notverordnung) that bypassed the need for a shareholder vote to approve the deal.Read more... https://qz.com/ubs-credit-suisse-merger-switzerland-investigation-1850293248

[biglisbonnews]

How Credit Suisse’s demise strengthens Switzerland’s place in global finance As Switzerland digested the news of Credit Suisse’s takeover by rival UBS, the headlines were unequivocally bleak. The deal is a “historic scandal,” wrote the daily Tages-Anzeiger. It marks the “end of an era,” according to Switzerland’s public broadcaster SRF. The country’s leading daily, Neue Zürcher Zeitung, found…Read more... https://qz.com/how-credit-suisse-s-demise-strengthens-switzerland-s-pl-1850255880

[biglisbonnews]

JPMorgan says UBS should be Credit Suisses's savior The most likely scenario to resolve Credit Suisse’s crisis is an acquisition by fellow Swiss bank UBS, analysts from JPMorgan wrote in a research note on Thursday.Read more... https://qz.com/jpmorgan-says-ubs-should-be-credit-suissess-savior-1850233273

[biglisbonnews]

Ajay Banga will have to fight the US government if he wants an effective World Bank The World Bank is facing extreme financing challenges as it aims to lift countries out of poverty while mitigating the impact of climate change. In that struggle, developing countries are instead turning to private lenders for exorbitant loans, or to lenders such as China, which is unforgiving toward its debtors. Read more... https://qz.com/ajay-banga-will-have-to-fight-the-us-government-if-he-w-1850184378

[biglisbonnews]

Credit Suisse posted its worst loss in 15 years Credit Suisse is sliding deeper into the red—but it’s not throwing in the towel yet.Read more... https://qz.com/credit-suisse-earnings-worst-loss-financial-crisis-1850092917