Banking Crisis

Credit Suisse staff prepare to sue regulator Finma over lost bonuses

Bankers contact lawyers over bond-linked rewards that were wiped out by UBS rescue

UBS says it was rushed into unwanted Credit Suisse rescue merger

Filing shows bank had less than four days to complete due diligence on deal

US banks under fresh pressure as Nelson Peltz calls for Washington to stem crisis

Activist investor makes case for an increase on the $250,000 deposit insurance limit

Regional US banks extend rout as PacWest, Western Alliance sink

No end in sight to upheaval in sector as investors flee

US bank PacWest explores potential sale after shares plummet 50%

California lender is latest to seek financial lifeline amid worst industry crisis since 2008

First Republic rescue fails to arrest slide in US regional bank shares

PacWest and Western Alliance stock under pressure amid broad sell-off of lenders

Investors warn of First Republic aftershocks

Attendees at Milken financial conference fear credit crunch and sharper slowdown after banking turmoil

US regulators race to head off banking crisis as First Republic rescue looms

Troubled lender set to be sold or taken over by regulators before markets open on Monday

First Republic works on plan to prevent government seizure

Advisers to embattled Californian lender must overcome scepticism in Biden administration

First Republic Bank shares plunge as it weighs $100bn asset sale to shore up balance sheet

Executives at troubled lender refused to take questions on earnings call with analysts

Silicon Valley Banks’s new owner fights to rebuild brand and stem outflows

First Citizens president Peter Bristow says it will stick to the failed bank’s model while trying to restore confidence

Credit Suisse investors sue Swiss regulator over bond wipeout

Complaint accuses Finma of failing to behave ‘proportionately’ and ‘in good faith’

UBS chair says Credit Suisse integration will take up to four years

Colm Kelleher warns of ‘huge amount of risk’ in combining businesses

UBS faces investors after shotgun Credit Suisse takeover

Move angered shareholders and did not have broad support in Switzerland

Credit Suisse chair apologises to investors at bank’s final agm

Executives had been braced for protests from Swiss citizens outraged at takeover by UBS

Swiss prosecutor opens inquiry into Credit Suisse takeover

Investigation will examine potential breaches of criminal law by officials, regulators and bank executives

Swiss regulators voiced concerns in 2019 about ability to save Credit Suisse and UBS

No possibility existed of orderly wind-down of one of the two big lenders without major government support, authorities said

Saudi National Bank chairman resigns after Credit Suisse comment

Ammar Al Khudairy had made clear the SNB would not invest more in Credit Suisse, sparking effective run on the bank

Silicon Valley Bank bought by First Citizens after collapse

Cost to US authorities of lender's failure estimated to be $20 billion

Money market funds swell by over $286bn as investors pull deposits from banks

Goldman Sachs, JPMorgan Chase and Fidelity benefit from big inflows amid turmoil in financial sector

IMF’s Georgieva warns of increased risks to financial stability

Fund head warns that uncertainties in the world economy remain ‘exceptionally high’

Deutsche Bank leads slide in European bank shares

German lender falls 12% as concerns over impact of rate rises linger

Swiss regulator defends $17bn wipeout of AT1 bonds in Credit Suisse deal

AT1 bondholders may take legal action against Swiss regulator

Finma under fire over wipeout of AT1 bonds in Credit Suisse deal

Holders of risky bonds enraged after $17m writedown by Swiss regulator as part of bank’s takeover by UBS

State fund talks to HSBC about funding Irish startups after Silicon Valley Bank collapse

HSBC bought UK unit of SVB that had handled many Irish client relationships

What the most recent tech cuts and bank runs could mean for Ireland

Inside Business podcast with Laura Slattery

Credit Suisse staff see deferred bonuses frozen by Swiss government

Swiss government ‘temporarily suspending’ deferred remuneration granted in the years up to 2022

Lagarde vows ‘robust’ policy on inflation and aiding financial markets

ECB president says getting inflation back to 2% is ‘non-negotiable’

Banker accountability is easier to demand than deliver

Better financial conditions made it possible to believe that problems had been fixed – until the last two weeks

McGrath on bank regulation, SCSI renovations warning, and Frascati Centre up for sale

Business Today: the best news, analysis and comment from The Irish Times business desk

Markets bounce back following rescue of Credit Suisse

Euronext Dublin finished the day up 2.5%, outperforming many of its international peers

Bank regulation ‘strengthened’ but threat of contagion remains, says McGrath

Minister for Finance says lenders and financial authorities in ‘much better place’ than in 2008

Tens of thousands of jobs at risk after UBS takeover of Credit Suisse

Domestic Swiss business and investment bank set to bear brunt of cuts

Yellen to signal further US support for deposits at smaller banks

Treasury secretary to defend ‘decisive and forceful actions’ by regulators to avert broader crisis

There are four ways to fix the problem with banks

Martin Wolf: It is not clear how bad this crisis is going to be - but reform is urgently needed

European stocks rise with US futures as calm returns

Traders return to risk markets as steps to shore up system boost confidence

Credit Suisse fallout, Amazon cuts more jobs, and The Late Late’s real problem

Business Today: the best news, analysis and comment from The Irish Times business desk

Patrick Honohan: Is banking fragility this time different to the 2008 crash?

Ireland is a spectator at this delicate period but central banks should be able to keep things under control

Lagarde insists there’s no conflict between higher interest rates and financial stability

ECB president warns banks to prepare for slower economic growth, higher funding costs and lower lending volumes

Irish banks face higher costs but appear insulated from wider Credit Suisse fallout, analysts say

But decision to burn Credit Suisse bondholders raises prospect of higher borrowing costs

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