Description
Added on the 16/03/2023 13:19:50 - Copyright : France 24 EN
Credit Suisse said it would exercise an option to borrow up to €51 billion from Switzerland's central bank
Credit Suisse 'strongly rejects' the accusations.View on euronews
The merger was finalised just under three months after a rapid agreement brokered by the Swiss government. Meanwhile, European leaders are exerting pressure on Tunisia to accept a $1.9 billion IMF bailout. In other news, financier George Soros is transferring control of his $25 billion empire to his 37-year-old son.
Credit Suisse chairman, Axel Lehmann, says he is "truly sorry" that the bank could not be saved. Speaking in front of angry and tearful shareholders, Credit Suisse chiefs fronted up at the bank's annual general meeting, 16 days after its hastily-arranged takeover by larger Swiss rival UBS -- a mega-merger in which the shareholders of both banks had no say at all. "I lost 10,000 Swiss francs" says one of those visibly upset outside the meeting in Zurich, "it's many money for my family."
The banking union was first pitched in 2012, at the height of the eurozone crisis, but the project remains incomplete to this day.
Immigration
|
Support : Technical 
- Content 
- Editors 
