The Swiss National Bank said at a press conference in Bern on Sunday evening that UBS would be taking over embattled lender Credit Suisse.
— DW News (@dwnews) March 19, 2023
The deal will see UBS acquire Credit Suisse for 3 billion Swiss francs ($3.23 billion).https://t.co/EFY7gyf1qu
UBS will buy rival Swiss bank Credit Suisse for $3.23 billion and assume up to $5.4 billion in losses, in a shotgun merger engineered by Swiss authorities that won applause from central bankers keen to avoid more market turmoil https://t.co/KYWna0Ed7m pic.twitter.com/i5VPTb4iH5
— Reuters (@Reuters) March 20, 2023
Syrian President Bashar Assad on Sunday arrived in the United Arab Emirates (UAE) — his second trip to the Gulf in a month — in an attempt to restore ties with his country's Arab neighbors.https://t.co/RlgcOQ16Tn
— DW News (@dwnews) March 19, 2023
Sweden won't be in a vulnerable security situation even if Finland joins NATO first, the Finnish president said, as both Nordic membership candidates negotiate bilateral military pacts with the United States. https://t.co/Zzlzll1qht
— The Associated Press (@AP) March 19, 2023
North Korean leader Kim Jong Un led two days of military drills "simulating a nuclear counterattack", including the firing of a ballistic missile carrying a mock nuclear warhead, state news agency KCNA reported Mondayhttps://t.co/f3DgyxmduQ
— AFP News Agency (@AFP) March 19, 2023
Montenegrins are voting in a presidential election that will shape the small Adriatic country's attitude towards the West and its relations with neighboring Serbia.https://t.co/sMTCsHo8JD
— DW News (@dwnews) March 19, 2023
Prosecuting Donald Trump would be politically motivated, say Republicans https://t.co/GgfgGmvEfM
— BBC News (World) (@BBCWorld) March 19, 2023
The United States invaded Iraq 20 years ago. The rationale for the war was a lie, and the consequences remain to this day.https://t.co/WEvN4NOMU0
— DW News (@dwnews) March 20, 2023
Mysterious streaks of light were seen in the sky in the Sacramento area Friday night, shocking St. Patrick’s Day revelers who then posted videos on social media of the surprising sight. https://t.co/Zpuu8G8q5P pic.twitter.com/N0x0AMuwV4
— The Associated Press (@AP) March 19, 2023
1 comment:
"Like SVB, Signature Bank, the second ESG bank that failed, had social impact reports and provided climate disclosures. Its boss led a seminar on gender neutral pronouns and former Rep. Barney Frank (half of Dodd-Frank’s regulatory regime) served on its board. "
Signature Bank has a market cap of $4.4 Billion
So it was not affected by the reporting threshhold change on stress testing
Still such a bank could have afforded financial software. I bet they have some and I bet they do not use it to its fullest.
So Mr Barney Frank himself sat on the board and he did not demand a stress test?
You cannot make this up.
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