The group’s asset base surpassed Dh900 billion
business4 days ago
Credit Suisse shares plunged by nearly nine percent on Monday to hit a new historic low, as the repercussions of the collapse of failed US lender SVB shook the markets.
At 10:16am (0916 GMT), shares in Switzerland's second biggest bank dropped by 8.85 percent to 2.275 Swiss francs, with Credit Suisse having lost 81 percent of its value since it was rocked by the bankruptcy of the British financial firm Greensill in March 2021 -- the first of a series of scandals that have shaken the Zurich-based lender.
ALSO READ:
The group’s asset base surpassed Dh900 billion
business4 days ago
Issuance is spread across three maturity periods — five, 10 and 30 years
business4 days ago
Nation has always enjoyed the advantages of geography and political stability
business4 days ago
Travel Tricks explores collaboration for MICE opportunities
business4 days ago
6G will further elevate capabilities of robots, AI, autonomous transport and remote surgery/diagnostics among others
business5 days ago
Net profit (after tax) up 32% per cent y-o-y to Dh1.45 billion
business5 days ago
UAE business activity and business confidence remained strong
business5 days ago
Telco’s AGM to approve cash dividends of 40 fils per share for H2 of 2023
business6 days ago