Property giant Signa set to make further insolvency filings - sources reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Switzerland's financial regulator deflected blame for the collapse of the country's second-biggest bank, Credit Suisse, saying it had been quick to respond, calling instead for more powers to take lenders to task.
When Ralph Hamers emerged from days of emergency talks that ended with his Swiss banking giant rescuing its arch-rival Credit Suisse on Sunday, the bleary-eyed UBS CEO called it a "sad day" that no one had wanted. The Dutchman finds himself cast as the potential saviour of Swiss finance - managing a bank with a balance sheet twice Switzerland's economy and in a country whose reputation as a financial powerhouse has taken a major hit just as investor confidence in global banks is its weakest in years.
Virgin Money UK will close almost one in five branches in the coming months as more customers shift to online banking, the British bank said on Thursday, the latest lender to cut back its high-street presence after the pandemic.
Hear no evil, see no evil: How Credit Suisse ignored Archegos warnings reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.