The buyout aims to prevent what regulators believe could be uncontrolled and incalculable consequences throughout the global financial system.
Switzerland’s second-largest commercial bank said it would exercise an option to borrow up to 50 billion francs ($53.7 billion) from the Swiss National Bank.
The very, very rich are getting very, very richer.
The news came after Deutsche Bank agreed to a $7.2 billion settlement with the DOJ over its sale and pooling of toxic mortgage securities.
After all the revelations about deceptive advertising and recruiting, high prices, and low-quality programs in the for-profit college sector, the industry still isn't focused on improving value for students. Instead, the key to its future success is "sophisticating marketing."
Credit Suisse got the attention of Wall Street last week when it issued a report recommending that investors buy shares in one of the largest for-profit college companies, DeVry Education Group.
Just 53 men and 9 women have as much wealth as more than 3.6 billion people on this planet. Such a startling statistic highlights how extreme inequality has picked up a dramatic pace.
Equipping girls with self-confidence, support of family and communities as well as awareness of their social and economic rights can lead to transformed futures.