beSpacific · @bespacific
748 followers · 1207 posts · Server newsie.social
#CreditSuisse, the #beleaguered #Swiss #banking giant, has agreed to a takeover by Switzerland’s largest bank, #UBS — a move aimed at staving off immediate concerns of a #disorderly #bankruptcy and stemming #panic about #global #financial #turmoil. #FinancialStability #GlobalFinancialSystem #SystemicRisj #GSIB #FinancialCrisis #FinancialRegulation #CentralBanks https://www.washingtonpost.com/business/2023/03/19/ubs-credit-suisse-deal/
#creditsuisse #beleaguered #swiss #banking #UBS #disorderly #bankruptcy #panic #global #financial #turmoil #financialstability #globalfinancialsystem #systemicrisj #gsib #financialcrisis #financialregulation #centralbanks