Ecuador Announces a Debt-for-Nature Deal for Galápagos Conservation A creative debt restructuring will save the country money and create a fund to protect waters around the Galápagos Islands.
Final Days at Credit Suisse Were Marked by a $69 Billion Race for the Exits Clients hurried to withdraw money as the Swiss bank faced collapse last month. It was eventually forced to sell itself to a rival, UBS.
Beleaguered Swiss Bank Accused of Impeding Hunt for Accounts Linked to Nazis The Senate Budget Committee opened an investigation after Credit Suisse fired a lawyer it had hired to oversee an independent inquiry hunting for accounts linked to Nazis who went to Argentina.
Credit Suisse Shareholders Feel Betrayed by UBS Deal Top executives at the bank’s final shareholder meeting apologized for the lender’s collapse and forced sale to UBS, while investors spoke of betrayal.
UBS Brings Back C.E.O. to Manage ‘New Challenges’ of Credit Suisse Takeover Sergio Ermotti, who stepped down from UBS in 2020, will rejoin the Swiss banking giant as it prepares to absorb its troubled rival, Credit Suisse.