"Many investors still don't want to touch the banking sector for fears there is more distress to come," said Russ Mould, investment director at AJ Bell.
"Yet for every bleak situation, there is always someone who sees an opportunity to make money, hence why we're seeing a rise in the share price of many European banks today." European stocks are looking to end the first quarter of the year with gains, buoyed by signs of economic resilience and hopes that central banks are near the end of their tightening cycles. However, European banks are set to end the quarter nearly flat amid the banking sector turmoil.German business morale unexpectedly rose in March, adding to signs that Europe's largest economy is recovering despite the energy crisis and high inflation.
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UBS's Dargan and Credit Suisse's McDonagh to lead merger -newspaperThe integration team tasked with merging Switzerland's two largest banks is to be headed by UBS's chief technology officer and Credit Suisse's chief operating officer, the Tages-Anzeiger newspaper reported on Saturday. UBS now twice the size of the Swiss economy. Bit scary. The Credit Suisse zombie is dead But a monster rises instead A giant UBS Wades out of the mess Will the Swiss come to view it with dread?
La source: Reuters - 🏆 2. / 97 Lire la suite »
UBS's Dargan and Credit Suisse's McDonagh to lead merger, Tages-Anzeiger reportsThe integration team tasked with merging Switzerland's two largest banks is to be headed by UBS's chief technology officer and Credit Suisse's chief operating officer, the Tages-Anzeiger newspaper reported on Saturday. Is the owner of CBS Amroman or Amroscandinavian?
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Credit Suisse accessed billions in liquidity last weekend - finance ministerCredit Suisse tapped the Swiss National Bank for 'a large multi-billion amount' last weekend to secure its liquidity, the country's finance minister Karin Keller-Sutter told Swiss broadcaster SRF on Saturday. Since their bailout out from Swiss National and then the merger with UBS one could hope they will fix their negative returns and increasing debt. However, I think now there will be no accountability for the mistakes made within Credit Suisse and the board. Well, add UBS to it. 😳😂
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Credit Suisse accessed billions in liquidity last weekend, Swiss finance minister saysCredit Suisse tapped the Swiss National Bank for 'a large multi-billion amount' last weekend to secure its liquidity, the country's finance minister Karin Keller-Sutter told Swiss broadcaster SRF on Saturday. Yeah. More Apes bought a heck of a lot more AMC and GME. Since they sell assets they never purchase, that would give them an influx of cash wouldn't it? Now adays we all must co operate and encourage the Leaders to collaborate to the Giga cleanup of the Waterways, recycling for TUNNALS,bridges, futurist autoroutes, twinned to the TGVEU the Hyperloop,inside a multi functional superposed TUNNAL. Including an élêktrõduk for renewabl
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