Switzerland’s Former Finance Minister Says UBS Poses Too Much Risk
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Switzerland's former finance minister says UBS poses too much risk due to its massive size and influence within the country's economy.
Swiss Regulator CEO Now Resigns in Wake of Banking Crisis
The Swiss Financial Regulator 'FINMA' CEO has now resigned in wake of today's banking crisis, reports Reuters.
UBS Will Now Pay Whopping $1.44bn for Defrauding Investors
UBS will now pay a whopping $1.44bn settlement to the Department of Justice for allegedly defrauding its investors.
Credit Suisse is Now Getting Sued Over a Margin Call
Credit Suisse is now getting sued for $100 million over an allegedly incorrect margin call by South African hedge fund M1.
Bankers at Credit Suisse Quickly Throw in The Towel
Bankers at Credit Suisse (NYSE:CS) are quickly throwing in the towel as 150- 200 resignations hit the distressed bank weekly.
