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March 27, 2023 by Dana Khraiche

Saudi National Bank chairman resigns after Credit Suisse comment

Ammar Al Khudairy had made clear the SNB would not invest more in Credit Suisse, sparking effective run on the bank

 

From our friends over at the : Irish Times Feeds

 

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Filed Under: Financial Services, Irish Business News Tagged With: Business, Ireland, irishbiz

March 23, 2023 by Irish Times Feeds

Lloyds of London slides to loss as £21bn handed to customers

World’s largest insurance exchange also marked down the value of its bonds following the sharp uptick in interest rates

 

From our friends over at the : Irish Times Feeds

 

You can see the Full Story: Click Here

 

Filed Under: Financial Services, Irish Business News Tagged With: Business, Ireland, irishbiz

March 23, 2023 by Irish Times Feeds

Swiss regulator defends $17bn wipeout of AT1 bonds in Credit Suisse deal

AT1 bondholders may take legal action against Swiss regulator

 

From our friends over at the : Irish Times Feeds

 

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Filed Under: Financial Services, Irish Business News Tagged With: Business, Ireland, irishbiz

March 23, 2023 by Oliver Ralph

Swiss regulator defends wipeout of AT1 bonds in Credit Suisse deal

Writedown after takeover by UBS enraged holders of risky bonds

 

From our friends over at the : Irish Times Feeds

 

You can see the Full Story: Click Here

 

Filed Under: Financial Services, Irish Business News Tagged With: Business, Ireland, irishbiz

March 22, 2023 by Simon Carswell

AIB wrote off more than €1 million in debts for 83 customers

Bank tells Oireachtas finance committee in letter that a total of €534 million in debt was forgiven for 1,900 customers who had more than 90 per cent of their debts written off since 2015

 

From our friends over at the : Irish Times Feeds

 

You can see the Full Story: Click Here

 

Filed Under: Financial Services, Irish Business News Tagged With: Business, Ireland, irishbiz

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