Swiss bank Credit Suisse is facing a US class action lawsuit related to $ 1 billion worth of write-downs made two years ago, Swiss newspaper SonntagsZeitung reported on Sunday, but the Swiss bank said the accusations lack basis. The lawsuit is filed against the financial institution, its chief executive Tidjane Thiam, and the financial officer, David Mathers. The court in …
The European Central Bank fears that the United States will exercise “political influence” on exchange rates and will make this a topic at the upcoming G20 meetings, the ECB board member said in an interview on Sunday. the Austrian Ewald Nowotny. “We, at the ECB, are certainly worried about the attempts of the United States to politically influence the exchange …
Stock markets around the world are falling, driven by fears that arise from the US. The main indices in New York, Tokyo, and London have suffered heavy losses. And a key indicator of investor fear skyrocketed to its highest level in more than two years. Analysts are trying to find out if this is a short-term correction for markets that recently reached record …
