SpiceJet completes payment of $1.5 mn to Credit Suisse; share rises 4%
“SpiceJet has complied with the directive of the Supreme Court by remitting $1.5 million to Credit Suisse,” the airline says in an exchange filing.
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SpiceJet to pay ₹100 cr to Maran; $1.5 mn to Credit Suisse
Delhi HC in last hearing had ordered SpiceJet chief Ajay Singh to pay ₹100 cr to Maran by Sept 10 or warned of attaching airline's assets
UBS completes merger with rival bank Credit Suisse
Crisis-hit Credit Suisse Group AG has been merged into UBS Group AG and the combined entity will operate as a consolidated banking group
Russia-Ukraine war short distraction to net zero emissions: Credit Suisse
The U.S. is leading the green spending charge with its Inflation Reduction Act, says Credit Suisse in a report.
Credit Suisse, Yes Bank legacy: Tense future for AT1 bonds
Writing off AT1 bonds of Credit Suisse in Europe and Yes Bank in India pose a threat to this post-2007-08 global financial instrument meant to soar up capital and absorb financial shocks.
Is RBI in better shape among global Central bankers in insuring bank deposits?
U.S. and Swiss deposit insurance fund cover 1.27% and 1.6% respectively of insured bank deposits while it is 1.8% in India.
FM chairs meeting to review preparedness of PSBs
A discussion was held with the MDs and CEOs of PSBs on the global scenario comprising the failure of Silicon Valley Bank and Signature Bank.
Why are Globally Systemically Important Banks like Credit Suisse failing?
Current bank runs in the US and Switzerland are the failures of the new global financial order put in place after the 2007-08 financial crisis, ironically, to avoid such eventualities
Banking crisis: Central banks globally must copy RBI template for collaborative ecosystem, says SBI
Indian banks are epitome of resilience. For cross-country deposit insurance coverage and per capita income, ratio of DI cover and per capita income is 2.53 for India, one of the highest, says report
Credit Suisse gets $54 billion lifeline from Swiss National Bank
The troubled Swiss bank is also making a tender offer to buy back up to three billion francs of dollar- and euro-denominated debt.
