Bullboard - Stock Discussion Forum Sabre Gold Mines Corp T.SGLD

Alternate Symbol(s): SGLDF

Metals & Mining Gold

Sabre Gold Mines Corp. is a Canada-based gold producer in North America. The principal business activities of the Company are focused on exploring and developing the Copperstone Mine (Copperstone) in La Paz County, Arizona, United States. The Company has a 100% leasehold interest in the exploration and development stage Copperstone Project, which encompasses approximately 12,258 acres of... see more

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Sabre Gold Mines Corp > Credit Suisse has faced a string of scandals in recent years

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Post by GoldenPolarBear on Mar 19, 2023 12:47am

Credit Suisse has faced a string of scandals in recent years

"... Credit Suisse has faced a string of scandals in recent years, including money laundering charges..."

"... Switzerland's biggest bank, UBS, is reported to be in advanced talks to buy all or part of its troubled rival Credit Suisse.

Shares in Credit Suisse have fallen sharply in recent days after it said it had found "material weakness" in its financial reporting.

An emergency $54bn (£44.5bn) lifeline from the Swiss National Bank has not resolved the issue.

Regulators are trying to facilitate a deal before markets reopen on Monday.

There are concerns that Credit Suisse shares could continue to plummet, after they fell 24% on Wednesday.

This prompted a general sell-off on European markets, and fears of a wider financial crisis.

The Swiss government held an emergency meeting on Saturday night, but so far there has been no official statement on the progress of the negotiations.

UBS is said to have asked the Swiss government to cover about $6bn (£4.9bn) in costs if it were to buy Credit Suisse, according to sources quoted by Reuters.

Any deal may also result in significant job losses.

https://www.bbc.com/news/business-65004605

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