Allianz Research

Allianz Global Wealth Report 2024:
Surprising relief

Swiss shotgun wedding – What’s next?

Last Sunday, UBS agreed to buy domestic competitor Credit Suisse in a government-brokered all-share deal for USD3.25bn – the largest bank merger since the global financial crisis. The combined entity will have a balance sheet of USD1.7trn, making it one of the top 10 global banks (and comparable in size to Santander (Spain), Wells Fargo (US) or Barclays (UK)).

Centrifugal emerging markets

Crisis after crisis, emerging market economies (EMs) have been questioning a global financial system dominated by advanced economies and anchored to the US financial cycle.

US bank failures—What’s next?

The SVB failure was caused by poor risk management choices but also highlights banks’ general macro-financial challenges from restrictive monetary policy, which essentially removes diversification.