Tag Archives: Suisse

It’s rarely a good sign when politicians, in the middle of a crash in the share price of their country’s biggest financial institution, declare there’s nothing to worry about. Such remarks often just feed a sense of panic. The German chancellor, Olaf Scholz, would have been better advised to say …

The Swiss government has forced through the takeover of stricken bank Credit Suisse by rival UBS for almost $3.25bn (£2.65bn) – well below its market value – amid fears that a failure to protect depositors would trigger a new global banking crisis. After a weekend of frantic talks, the Swiss …