The Swiss Parliamentary Investigation Committee (PUK) released its findings on the Credit Suisse collapse on Friday, attributing the bank's downfall to "years of mismanagement."The report revealed that Credit Suisse's financial situation worsened throughout 2022, with significant liquidity outflows...
The Swiss Financial Market Supervisory Authority (FINMA) ruled on Wednesday that the merger between UBS Group and Credit Suisse did not create any competition concerns.The Swiss regulator previously approved UBS' takeover of the troubled Credit Suisse in advance on March 19 last year to serve...
Shares of Fulton Financial Corporation jumped over 9% on Monday after the group ran to the rescue of the Republic First bank in a government-backed deal to take over the Philadelphia-based lender's assets valued at $6 billion.Fulton previously underlined that the buyout of the troubled bank would...
UBS Group AG Chairman Colm Kelleher underscored on Wednesday that the bank is "not too big to fail" and expressed concern about the government's proposal to impose tighter capital requirements to protect the country's economy.Earlier this month, the Swiss government stated that UBS' rescue of...
The International Monetary Fund (IMF) called on Thursday for significant reforms in Switzerland's financial sector. The call follows Credit Suisse's acquisition by UBS, which quelled immediate financial market unrest but highlighted deeper systemic risks within Switzerland's banking...
The Bank of England's (BoE) Financial Policy Committee cautioned that risks to the stability of the British financial system "have increased" as a result of the conflicts in Ukraine and the Middle East in its Wednesday meeting records."The economic outlook for the UK has improved somewhat since our...
The United States Federal Deposit Insurance Corporation (FDIC) published on Thursday a policy proposal aiming to more closely review big bank mergers. It proposed holding hearings for mergers resulting in an entity worth at least $50 billion. "The FDIC may also hold public or private meetings...
New York Community Bancorp, Inc. (NYCB) will be asking its shareholders to greenlight changes it plans to make to its corporate charter, a United States Securities and Exchange Commission filing showed on Thursday.
One of the amendments includes the "1-3 reverse stock split of Common...
New York Community Bancorp's (NYCB) shares reversed their course during Wednesday's trading session after the regional lender confirmed a $1 billion capital raise.
NYCB will provide equity to several investment firms, including Liberty Strategic Capital, Hudson Bay Capital, Reverence Capital...
New York Community Bancorp (NYCB) is actively seeking an infusion of equity capital to stabilize its operations following a series of financial setbacks, The Wall Street Journal reported on Wednesday.
The regional lender has been grappling with potential losses on real-estate loans, internal control...
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