Get access to our best features
Get access to our best features
Published 1 year ago

UBS rescue of Credit Suisse sends shudder through markets

Summary by Ground News
Banking shares tumbled at the open of European markets Monday as they digested news of an emergency rescue takeover. Credit Suisse shares were down more than 60% from Friday's close while UBS' were down 5%. Saudi National Bank confirmed to CNBC that it had suffered a loss of around 80% of its $1.5 billion investment.

0 Articles

All
Left
Center
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe
Ground News Article Assistant
Not enough coverage to generate an Article Assistant.

Bias Distribution

  • 40% of the sources lean Left, 40% of the sources are Center
40% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)