By Piero Cingari UBS Group AG’s takeover of Credit Suisse Group AG has done nothing to alleviate market concerns about the banking sector, and it continues to throw a shadow over the rights of credit institution shareholders and bondholders. A photograph shows a logo of Credit Suisse bank in Zurich, on March 23, 2023. –
Global financial fallout from the collapse of large banks in the U.S. continues, according to a series of reports this week. According to analysts cited by Bloomberg on Monday, the proposed [.]
14 years ago, the Obama administration (or rather his Wall Street lackey Steve Rattner) turned the bankruptcy process on its head with the Chapter 11 filing of General Motors, which steamrolled [.]