A recent study has found that 186 US banks are at risk of failure due to the Federal Reserve's aggressive interest rate hikes. The hike was aimed to curb inflation, but it has eroded the…

Central banks from around the world, including the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank, have come together to…

UBS, Switzerland's biggest bank, is set to acquire struggling rival Credit Suisse in a $3.25 billion deal aimed at stabilising the financial market and protecting the Swiss economy. The Swiss government agreed to change the…

Credit Suisse, the 167-year-old Swiss bank, has been rescued by rival bank UBS in a deal backed by the Swiss government, aimed at avoiding a banking crisis. The rescue deal was struck after regulators worked…

Credit Suisse has announced plans to borrow up to CHF 50 billion ($54 billion) from the Swiss National Bank to strengthen its finances. This decision comes after the bank suffered a 24% fall in shares…