Switzerland faced a entire-scale bank run if Credit history Suisse went bankrupt, Swiss regulator argues

Key Details

Permitting the individual bankruptcy of troubled loan company Credit Suisse would have crippled Switzerland’s economic climate and economical center and likely resulted in deposit runs at other financial institutions, Swiss regulator FINMA explained Wednesday.
FINMA and the Swiss central bank brokered UBS’ takeover for embattled Zurich rival Credit history Suisse for 3 billion Swiss francs ($3.3 billion), in a offer announced on March 19.
The bankruptcy system, FINMA CEO Urban Angehrn claimed in a statement, was “de-prioritised early on owing to its large tangible and intangible costs.”

Resource

Finance

Stocks making the biggest moves midday: Oracle, Vail Resorts, GE Vernova, Brinks, Ciena & more

December 11, 2025

Check out the companies making the biggest moves midday: Oracle — The database management software maker tumbled 14% after reporting fiscal second-quarter revenue that missed analyst expectations. Multiple analysts across Wall Street raced to lower their price targets in reaction. Vail Resorts — The ski resort owner jumped 9%. Fiscal first quarter “mountain” revenue of […]

Finance

‘Big Short’ Steve Eisman is getting worried about the AI trade

December 11, 2025

Steve Eisman of “The Big Short” fame said he is starting to worry that the artificial intelligence boom may rest on shakier ground than investors assume. “The Real Eisman Playbook” podcast host and former Neuberger Berman senior portfolio manager said he encountered a theory suggesting that as large language models continue to scale, their performance gains […]

Finance

Stocks making the biggest moves premarket: Oracle, Oxford Industries, Adobe, Gemini Space Station & more

December 11, 2025

Check out the companies making headlines before the bell: Oracle — The software giant tumbled more than 12% after reporting fiscal second-quarter revenue that missed analyst expectations. Analysts across Wall Street raced to lower their price targets. Adobe — Shares fell slightly after the software company issued lackluster guidance for fiscal year 2026. Adobe sees […]