Switzerland's parliament will probe the government-orchestrated takeover of the stricken Credit Suisse bank by larger rival UBS. A parliamentary commission of inquiry will be established to shed light on how the Swiss authorities rapidly stitched together the merger of the wealthy Alpine country's two biggest banks over a weekend in...
Eshraq to buyback shares
The share buyback is expected to enhance shareholder value.
Credit Suisse chiefs apologize to shocked shareholders
ZURICH, SWITZERLAND - Credit Suisse chairman Axel Lehmann said Tuesday he was "truly sorry" that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in smoke. Credit Suisse's chiefs fronted up at the bank's annual general meeting, 16 days after its...Deliveroo to exit Netherlands on back of surging losses
A planned exit from the Netherlands towards the end of November follows Deliveroo's departure from Spain last year, although the group on Wednesday said it had gained market share in the UK and Italy.
