RESF

Citigroup CEO declares ‘this is not a credit crisis’ after U.S. bank failures

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Citigroup CEO declares 'this is not a credit crisis' after U.S. bank failures

March 22 (Reuters) – Citigroup Inc (C.N) CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets. “The banking system is pretty sound,” and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. on Wednesday. “This … Read more

UBS mulls takeover of Credit Suisse with possible Swiss government guarantees

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UBS mulls takeover of Credit Suisse with possible Swiss government guarantees

FRANKFURT, March 18 (Reuters) – UBS (UBSG.S) is examining a takeover of Credit Suisse (CSGN.S) that could see the Swiss government offer a guarantee against the risks involved, said two people with knowledge of the matter on Saturday. The people said that UBS was coming under pressure from the Swiss authorities to carry out a … Read more