Banking UBS stands to gain big and but potentially lose bigger in Credit Suisse takeover Bank is gearing up to gain $34bn in negative goodwill, but investors may view any windfall it as an accounting quirk rather than a sign of strength
Banking Credit Suisse boss to join UBS board after rescue takeover closesIt comes amid speculation that Francesca McDonagh, former chief executive of Bank of Ireland, will retain her role at Credit Suisse post-takeover
Banking Francesca McDonagh expected to remain in Credit Suisse leadership roleThe troubled bank was recently purchased by UBS in a rescue deal arranged by the Swiss government
Banking Credit Suisse says €61bn withdrawn in lead-up to UBS rescue The bank upped its profit warning for the business, saying it expects a “substantial” loss there and also for the group as whole this year
The Big Picture Vincent Boland: Who should lose when banks fail?With the next meltdown in the banking sector most likely in the offing, the handling of the last one has left lingering questions about whether, and how far, deposit guarantees should be extended
Banking Saudi National Bank chair resigns after Credit Suisse remarkAmmar Al Khudairy had ruled out fresh investments in the Swiss lender as it grappled with its finances
Banking Banks’ bad debts will spike this year, asset manager expert warnsInvestment head says previously hidden credit problems will appear as net interest profit margins are squeezed and easy money dries up
Banking ECB vice-president Luis de Guindos on risky non-banks: ‘the soft spot in the system’For the vice-president of the European Central Bank, bringing inflation in the euro area back to 2 per cent is the ultimate goal – but he is concerned about vulnerabilities in the burgeoning shadow banking sector
Banking ECB likely to hike interest rates again despite market nervousnessAnalysts predict the bank will continue its efforts to control inflation by raising rates despite global fears about the stability of the sector
The Big Picture Vincent Boland: The fact that banks fail is the lesson we never seem to learnIt is clear that, 15 years after the last round of major bank failures, there is no consensus on how to deal with the next failure, especially a very big one
Banking Credit Suisse’s bond problem and what it means for taxpayersWith its demise, certain Credit Suisse bondholders were wiped out. Shareholders were not. This is not how bank failure is supposed to work.
Banking Ireland’s banking rules should help lenders soothe investors and avoid shocks – analystsMarket analysts say Bank of Ireland, AIB and Permanent TSB are in a strong position due to regulations which have sometimes been viewed as an albatross around the neck of the financial sector
Banking Credit Suisse bankers flood headhunters with calls after rescueHeadhunters and rival lenders have been fielding calls over the past few days from anxious staff at the firm
Banking Colm Kelleher: The Irish-born executive fronting the takeover of Credit SuisseKelleher, who was elected chairman of UBS in April 2022, originally hails from Bandon, county Cork
Banking European bank stocks fall after UBS agrees to buy Credit SuisseEuropean Central Bank, US Federal Reserve and four other central banks announced coordinated action on Sunday to boost liquidity in US dollar swap arrangements
Economics Global financial markets to face ‘moment of reckoning’, expert warnsAmundi investment analyst says significant economic adjustments inevitable due to rising interest rates and slowdown in growth
Tech What next for Silicon Valley Bank and its customers?Around 100 Irish firms had a banking relationship with the start-up-friendly bank that went bust last week – some of which had debt facilities and loans that came to tens of millions of euro
Business Post's View Editorial: US banks’ dramatic demise carries a warning for regulatorsCentral banks must take into account the potential for liquidity crises as they consider further interest rate rises
Interest Rates Latest major ECB interest rate hike called into doubt by banking turmoilThe sector has been rocked by the collapse of Silicon Valley Bank and the crisis at Credit Suisse
Banking Credit Suisse gets €51bn support from Swiss central bank to stem crisisThe move is unprecedented at a major Swiss lender since the 2008 financial crash
