banque Archives

The riots marked France's most intense urban violence in nearly two decades

World

France riot damage racks up $700 mn insurance bill: industry body

Damage from riots sparked by the police killing of a teenager in France has resulted in a $715 million insurance bill, an industry body...

AFPJuly 11, 2023

Koerner will be the only top Credit Suisse manager in the merged bank's leadership

Business

UBS keeps Credit Suisse CEO for leadership team in merger

Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner would join its leadership team following the takeover of its...

AFPMay 9, 2023

Koerner is the only Credit Suisse executive who will remain on board after the UBS merger

Business

UBS says Credit Suisse CEO to join board in mega merger

Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner will join its executive board following the takeover of its...

AFPMay 9, 2023

According to official figures, inflation -- which has several countries in Latin America and elsewhere in its grips -- reached 70 percent in import-dependent Cuba in 2021 and 39 percent in 2022

World

Soaring inflation wallops Cubans already battling shortages

Cuban retiree Xiomara Castellanos gets a monthly pension equivalent to $13.80. A carton of 30 eggs in the inflation-battered country costs $14.10 — almost...

AFPApril 3, 2023

A client leaves a branch of First Republic Bank in Manhattan Beach, California, on March 13, 2023

Business

A vital pillar of US economy, regional banks soldier on

When Barrett Hill, a farmer in the US state of Illinois, needs a loan for land or new equipment, a simple phone call is...

AFPMarch 23, 2023

Credit Suisse is still looking shaky despite taking a $54-billion lifeline thrown by the Swiss central bank

World

UBS and Credit Suisse: similar Swiss banks with differing fortunes

UBS and Credit Suisse, the two biggest banks in Switzerland, are in takeover talks, according to several media — a move long deemed unthinkable...

AFPMarch 18, 2023

Jamie Dimon, chairman and chief executive of JPMorgan Chase, appears before Congress in September 2022

Business

JPMorgan’s Jamie Dimon plays key role in bank rescue, in echo of 2008

Consulted by policymakers and able to nudge his peers into action, JPMorgan Chase CEO Jamie Dimon played a key role in a bank rescue...

AFPMarch 17, 2023

An oil field in Odessa, Texas; some Republican-led US states want to exclude financial firms that refuse to invest in petroleum companies

Business

‘Social’ investment strategies under fire in Republican-led US states

Republican-led US states such as Texas and West Virginia are piling pressure on firms including giant asset manager BlackRock for supposedly boycotting oil and...

AFPSeptember 4, 2022