• MILITARY: Brazil-France submarine programme (Graphic DUE Mar 28, 15:00GMT)
  • SPACE: Calls for protected moon sites (Graphic DUE Mar 28, 16:00GMT)
  • ACCIDENT: Why did Baltimore bridge collapse? (Graphic DUE Mar 28, 17:30GMT)
  • For full details of graphics available/in preparation, see Menu -> Planners
 مصرف UBS يستحوذ على كريدي سويس infographic
Graphic shows plunging market capitalizastion and recent scandals at Credit Suisse.
GN44068AR

مصارف

مصرف UBS يستحوذ على كريدي سويس

By Duncan Mil

March 20, 2023 - أسهم البنوك العالمية تعرضت لضربة أخرى يوم الاثنين (20 آذار 2023) على الرغم من استحواذ بنك UBS على منافسه السويسري كريدي سويس مقابل 3 مليارات فرنك سويسري (3.25 مليارات دولار) - 4 في المائة فقط من قيمته في كانون الأول 2009.

The government-brokered deal came after days of market upheaval following the collapse of two U.S. lenders -- Silicon Valley Bank and Signature Bank.

Credit Suisse’s demise was a long time coming, with years of scandals, multi-billion dollar losses, and leadership changes.

In June 2022, the bank paid $2 million in fines after failing to prevent money laundering by a Bulgarian cocaine trafficking gang.

A Bermuda court ruled in March that former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages of more than half a billion dollars from Credit Suisse as a result of a long-running fraud committed by a former Credit Suisse banker, Pascale Lescaudron.

A Swiss court convicted Lescaudron in 2018 on charges of fraud and forgery.

Comments by Saudi National Bank -- Credit Suisse’s main shareholder -- that it would not invest more money in the bank sparked market panic and the emergency takeover by UBS.

Sources
PUBLISHED: 20/03/2023; STORY: Graphic News
Advertisement