[ad_1] Hong Kong/London CNN — UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and risky task of completing the bank’s emergency takeover of rival Credit Suisse (CS). The surprise appointment, announced Wednesday, highlights the scale of the challenge facing the Swiss lender as it executes a first-of-its-kind merger … Read more
[ad_1] CNN — Protesters on the tracks at a Paris rail station. Smoke bombs let off at Biarritz airport. Anger at French President Emmanuel Macron’s pension reforms showed no sign of letting up on Tuesday as the nation prepared for a 10th day of nationwide demonstrations. Sweeping protests have paralyzed major services across the country … Read more
[ad_1] Editor’s Note: This is excerpted from a story that originally ran on March 22, 2023. New York CNN — Banking has been top of mind for many people in the wake of some surprise bank failures and moves by US regulators to boost confidence in the financial system. But the Federal Reserve’s decision on … Read more