Mar 22

Pentagon: Ukraine To Receive M1A1 Abrams Tanks By Fall

  • The United States will deliver Abrams tanks to Ukraine by the fall of 2023 — significantly faster than expected — while Patriot air defenses will also arrive on an “expedited timeline,” the Pentagon said Tuesday.
  • In coordination with Kyiv, Washington “made the decision to provide the M1A1 variant of the Abrams tank,” Press Secretary Brigadier General Pat Ryder told journalists.
Read More at thedefensepost.com
Mar 21

Japan PM Kishida To Meet Ukraine's Zelensky Today In Surprise Kyiv Visit

  • Japanese Prime Minister Fumio Kishida will meet Ukrainian President Volodymyr Zelensky during a surprise visit to Kyiv on Tuesday to offer "solidarity and unwavering support," Japan's foreign ministry said.
  • Kishida is the last G7 leader to visit the war-torn country and has come under increasing pressure to make the trip, as Japan hosts the grouping's summit this May.
Read More at ndtv.com
Mar 21

EU Agrees 2-Billion-Euro Ammunition Plan For Ukraine

  • EU foreign ministers agreed on a two-billion-euro plan to raid their own arsenals and jointly purchase desperately needed artillery shells for Ukraine.
  • Meeting in Brussels, the ministers backed a multipronged initiative -- to be endorsed by EU leaders at a summit this week -- that aims to provide Ukraine with one million shells in the next 12 months as well as replenish EU stocks.
Read More at kyivpost.com
Mar 20

The $17bn Wipeout Of Credit Suisse Bondholders Has Not Gone Down Well In Europe

  • The Swiss regulator FINMA announced Sunday that the so-called additional tier-one bonds, which are widely regarded as relatively risky investments, will be written to zero as part of the deal.
  • The move has angered Credit Suisse AT1 bondholders as their investments have seemingly been lost.
  • Credit Suisse’s takeover deal, worth $3.2 billion, by rival Swiss bank UBS was agreed Sunday with the help of Swiss authorities.
Read More at cnbc.com
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Mar 20

UBS agrees to buy Credit Suisse for more than $2bn

  • UBS has agreed to buy Credit Suisse after increasing its offer to more than $2bn, with Swiss authorities poised to change the country’s laws to bypass a shareholder vote as they rush to announce a deal before Monday.
  • The all-share deal between Switzerland’s two biggest banks will be priced at a fraction of Credit Suisse’s closing price on Friday, all but wiping out the target’s shareholders.
Read More at www.ft.com