UBS looking for swoop for swiss credit amid fears of bank contagion
UBS AG was examining an acquisition of its embattled Swiss peer Credit Suisse on Saturday, the sources said, a move that could allay fears that the unfolding crisis could destabilize the global banking system.
The 167 year old man swiss credit is the biggest name caught up in the market turmoil sparked by the collapse of US lenders Silicon Valley Bank and Signature Bank over the past week, losing a quarter of its stock value since Monday.
To control the crisis, UBS was being pressured by Swiss authorities to carry out an acquisition of its local rival, two people with knowledge of the matter said. The plan could see the Swiss government offer a guarantee against the risks involved, while Credit Suisse’s Swiss business could be spun off. Read more
Heir Punjab Chief Amritpal Singh declared a fugitive: Jalandhar Police
Shortly after Amritpal Singh, the head of the pro-Khalistan ‘Waris team Punjab De’ was said to be on the run, Jalandhar Commissioner Kuldeep Singh Chahal confirmed on Saturday night that the radical leader had been declared a “fugitive”.
“Heir Punjab Chief Amritpal Singh has been declared a fugitive. Both of his cars were impounded and the gunmen trapped. We also verified whether the firearms of his security escorts had been legally acquired. A case has been registered. Punjab police have launched a manhunt for Amritpal Singh and we are hopeful that he will be arrested soon. A total of 78 people have been arrested so far and further searches and raids are underway,” Chahal said in an exclusive interview with ANI. Read more
donald trump says he expects to be arrested Tuesday, calls protest
Former president donald trump He said he is preparing to be arrested on March 21 in an investigation by the Manhattan district attorney’s office, citing unspecified leaks in the investigation, and called for protests to “take back our nation.”
Trump coupled his comments in an all-caps post on his Truth Social platform Saturday with a new verbal attack on investigators, who he said are following a “fairy tale” that has been debunked.
Manhattan District Attorney Alvin Bragg has been summoned by a state grand jury over a hush money payment Trump allegedly made to porn star Stormy Daniels to prevent her from going public before the 2016 election about an alleged sexual encounter. from a decade ago. Read more
Bank turmoil raises a $600 billion question for battered investors
Former president donald trump He said he is preparing to be arrested on March 21 in an investigation by the Manhattan district attorney’s office, citing unspecified leaks in the investigation, and called for protests to “take back our nation.”
Trump coupled his comments in an all-caps post on his Truth Social platform Saturday with a new verbal attack on investigators, who he said are following a “fairy tale” that has been debunked.
Manhattan District Attorney Alvin Bragg has been summoned by a state grand jury over a hush money payment Trump allegedly made to porn star Stormy Daniels to prevent her from going public before the 2016 election about an alleged sexual encounter. from a decade ago. Read more
airlines cheating people, forcing passengers to pay more, says Parl Panel
A Parliamentary Standing Committee took note of the high airfares charged by some airline operators in the domestic sector and argued that they are misleading the public and forcing passengers to pay more.
The Committee also noted the misinformation published by the private company airlines on their websites, about the number of seats left on the flight and the ticket prices.
“The level of misinformation can be gauged by the fact that even after the last tickets have been sold, the same number of seats are displayed on the website as indicated before ticket sales. This indicates that the operators of airlines are misleading the public and forcing passengers to pay more,” the panel said in the Ministry of Civil Aviation’s Demand for Grants (2023-24) report. Read more