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Top related persons:
Volodymyr Zelensky - 1 Andriy Yermak - 1 Li Qiang - 1 Volodymyr Zelenskiy - 1 Li - 1 Yermak - 1 Viola Amherd - 1 Ignazio Cassis - 1
Top related locs:
Switzerland Swiss Davos China Russia Ukraine's Ukrainian Bern
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Economic - 1 Swiss - 1 JPMorgan - 1 Ukraine - 1 Bloomberg News - 1 Dimon - 1 Cuban Missile - 1 European Union - 1

Search resuls for: "Swiss Federal Council"


3 mentions found


☆ Ukraine says China needed for peace process after Davos meeting
  + stars: | 2024-01-15 | by ( ) www.cnbc.com   time to read: +2 min
China needs to be involved in talks to end the war with Russia, Ukraine's top representative said after a high-level diplomatic meeting ahead of the World Economic Forum in Switzerland. Ukraine's presidential chief of staff Andriy Yermak said on Sunday it was important that Russian ally China was at the table when Kyiv convenes further meetings on its peace formula. Zelenskiy is due to arrive in Bern, Switzerland on Monday to meet the President of the Swiss Confederation Viola Amherd. We must find ways to work with China on this," Cassis said, adding that both Russia and Ukraine were not willing to make concessions. The role of the Global South in Ukraine's peace formula talks has come into focus in the lead up to Davos.
Persons: Volodymyr Zelensky, Andriy Yermak, Li Qiang, Volodymyr Zelenskiy, Li, Yermak, Viola Amherd, Ignazio Cassis, Cassis, Jamie Dimon, Vladimir Putin Organizations: Economic, Swiss, JPMorgan, Ukraine, Bloomberg News, Dimon, Cuban Missile, European Union, Kyiv, Global, United Nations Locations: Davos, China, Russia, Ukraine's, Switzerland, Ukrainian, Bern, Swiss, Ukraine, Brazil, India, South Africa, Africa, Latin America, East, Asia
☆ UBS ends Credit Suisse's government and central bank protections
  + stars: | 2023-08-11 | by ( Elliot Smith | ) www.cnbc.com   time to read: +1 min
The logos of Swiss banks Credit Suisse and UBS on March 16, 2023 in Zurich, Switzerland. UBS on Friday said that it has ended a 9 billion Swiss franc ($10.27 billion) loss protection agreement and a 100 billion Swiss franc public liquidity backstop that were put in place by the Swiss government when it took over rival Credit Suisse in March. UBS said the decision followed a "comprehensive assessment" of Credit Suisse's non-core assets that were covered by the liquidity support measures. "These measures, together with the intervention of UBS, contributed to the stabilization of Credit Suisse and financial stability in Switzerland and globally," UBS said in a statement. Credit Suisse has also fully repaid an emergency liquidity assistance plus (ELA+) loan of 50 billion Swiss francs obtained from the Swiss National Bank in March, as the lender teetered on the brink after a collapse in shareholder and investor confidence, UBS confirmed.
Organizations: Credit Suisse, UBS, Swiss National Bank, Confederation, Swiss Federal Council Locations: Zurich, Switzerland, Swiss
☆ Exclusive: Qatar fund explored claims against Switzerland for Credit Suisse losses
  + stars: | 2023-05-17 | by ( Stefania Spezzati Paritosh Bansal America Hernandez | Stefania Spezzati | Paritosh Bansal | ) www.reuters.com   time to read: +4 min
Shareholders of Credit Suisse and UBS were not granted a vote on the deal that was sealed over one weekend in March. Officials for QIA, UBS, the Swiss finance ministry and Credit Suisse declined to comment. QIA's investment in Credit Suisse dates back to the global financial crisis of 2008. The sovereign wealth fund had increased its stake in Credit Suisse to just under 7%, only trailing largest shareholder Saudi National Bank's roughly 10% stake, according to a January filing. Among them, Middle Eastern backers which own more than 20% of Credit Suisse face the largest hit.
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