News Formal

European bank stocks fall after UBS agrees to buy Credit Suisse

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

European Central Bank, US Federal Reserve and four other central banks announced coordinated action on Sunday to boost liquidity in US dollar swap arrangements

European banking stocks slumped on Monday as investors reeled from the historic weekend takeover of Credit Suisse Group AG that will wipe out a class of bondholders.

Under the terms of UBS Group AG’s acquisition of Credit Suisse, holders of securities known as additional tier 1 bonds will be wiped out, potentially sending the $275 billion market for bank funding into a tailspin. UBS shares fell 8.6 per cent while Credit Suisse plunged 58 per ...

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 8. in CO

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

European stocks rise with US futures as calm returnsTraders return to risk markets as steps to shore up system boost confidence
Fuente: IrishTimes - 🏆 3. / 98 Leer más »