International News
UBS to buy Credit Suisse for nearly USD 3.25B to calm turmoil in global financial markets

UBS to buy Credit Suisse for nearly USD 3.25B to calm turmoil in global financial markets

Credit Suisse is among the 30 financial institutions known as globally systemically important banks, and authorities worried about the fallout if it were to fail Authorities sought an agreement before markets opened again in Asia Geneva:Banking giant UBS is buying...

U.S. insurers’ direct exposures to bank failures modest; Liability profiles support stability, says Fitch

Fitch's sector outlooks for U.S. Life and U.S. P&C are ‘neutral’ Insurers’ investments to the failed banks (Silicon Valley Bank, Silvergate and Signature Bank) are modest. Fitch-rated insurance entities’ direct investment exposure to the failed banks (comprising...