UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of $1.6 trillion and greater muscle in wealth management. Announcing the biggest banking deal since the 2008 global financial crisis, UBS Chief Executive Sergio Ermotti and Chairman Colm Kelleher said … Read moreUBS is wealth management behemoth after Credit Suisse takeover
A crowd of about 200 people gathered outside the Houses of Parliament in London on Sunday, waving placards along with green, black and red flags. The chant “Aaj nahi, to kub? [If not today, then when?]” echoed through loudspeakers across Westminster, while popular Pakistani songs played in the background. The rally was organised by members … Read more‘Foreign-backed drive to remove Khan’: UK Pakistanis protest
European Commission President Ursula von der Leyen says the European Union may loan Tunisia more than 1 billion euros ($1.07 billion) with the lion’s share positioned as “macro-financial assistance” designed to save Tunisia’s faltering economy. The potential package, which was announced on Sunday during von der Leyen’s visit to Tunisia with Italian and Dutch Prime … Read moreWhy is the EU offering Tunisia a financial assistance package?