Results for
Credit Suisse
35 Results-
UBS flags $17 bln hit from Credit Suisse takeover
UBS Group AG expects a financial hit of about $17 billion from the takeover of Credit Suisse Group AG, the bank said in a presentation early on ... Banking & Finance -
Credit Suisse crisis shows lessons to learn, Swiss watchdog says
Switzerland’s financial regulator said there were important lessons to be learned for the management of future financial turbulence, after publishing ... World News -
Switzerland’s UBS quarterly profit tumbles as cost of old toxic debt mounts
UBS Group has set aside more money to draw a line under its involvement in toxic mortgages, halving its first-quarter profit as it prepares to ... Banking & Finance -
Credit Suisse says lost $68 billion in assets last quarter
Credit Suisse (CSGN.S) said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were ... Banking & Finance -
Credit Suisse bank bondholders sue Swiss regulator over write-down
Investors representing more than $5 billion (4.5 billion Swiss francs) of Credit Suisse bonds have sued the Swiss regulator over its decision to wipe ... Banking & Finance -
Credit Suisse debt wipeout challenged in Swiss court
The Swiss finance watchdog is facing a handful of court challenges over its controversial decision to wipe out billions of Credit Suisse Group AG debt ... Banking & Finance -
Credit Suisse faulted over probe into Nazi-linked accounts
US lawmakers have accused embattled Swiss bank Credit Suisse of limiting the scope of an internal investigation into Nazi clients and Nazi-linked ... World News -
IMF warns deeper financial turmoil, trims its 2023 global growth outlook slightly
The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a ... Economy -
Swiss parliament holds emergency session on Credit Suisse rescue
Since Switzerland’s authorities last month pulled out all the stops to rush through a rescue of Credit Suisse, a storm has been brewing in the ... Banking & Finance -
Switzerland scraps bonuses of Credit Suisse execs
The Swiss government said Wednesday it would scrap the outstanding bonuses of the Credit Suisse executive board following the bank’s implosion and ... Banking & Finance -
Norwegian fund seeks Credit Suisse boardroom shake-up of chair, other directors
Norges Bank Investment Management will vote against the re-election of Credit Suisse Chair Axel Lehmann and six other direc-tors at the Swiss lender’s ... Economy -
UBS rehires Ermotti as CEO to steer Credit Suisse takeover
UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbor Credit Suisse - a surprise move that seeks to take advantage ... Banking & Finance -
Credit Suisse ex-chairman says owes nothing after debacle
The former chairman of Credit Suisse says he never received any bonus and owes nothing following the scandal-plagued bank’s emergency sale to UBS, a ... World News -
Credit Suisse managers could face disciplinary action, Swiss regulator says
Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit Suisse managers after Switzerland’s second ... Economy -
Credit Suisse, UBS among banks in DOJ Russia-sanctions probe
Credit Suisse Group AG and UBS Group AG are among banks under scrutiny in a US Justice Department probe into whether financial professionals helped ... World News -
UBS seeks dealmaking revival in Middle East with Credit Suisse takeover
UBS Group AG may use its takeover of Credit Suisse Group AG as an opportunity to rebuild its investment banking business in the Middle East after ... Banking & Finance -
Credit Suisse buyout was for financial stability: Bank chief
The UBS takeover of stricken bank Credit Suisse was orchestrated in order to preserve financial stability not only in Switzerland but around the world ... Banking & Finance -
Swiss government suspends forms of variable remuneration at Credit Suisse
Switzerland's finance department has issued an order to Credit Suisse to temporarily suspend certain forms of variable pay for the bank's employees, ... Banking & Finance -
Saudi National Bank growth unaffected by Credit Suisse hit
Saudi National Bank’s growth strategy will be unaffected by the reduced valuation on its investment in Credit Suisse, it said on Monday after the ... Saudi Arabia -
UBS examining Credit Suisse takeover to stem banking turmoil: Sources
UBS AG was examining on Saturday a takeover of embattled lender Credit Suisse that could see the Swiss government offer a guarantee against the risks ... Banking & Finance -
Timeline: How Credit Suisse has evolved over 167 years
Following is a timeline outlining the 167-year history of Credit Suisse Group, the Zurich-based bank that is in the middle of a restructuring to ... World News -
Some Credit Suisse counterparties put curbs on new dealings involving lender: Sources
At least four major banks, including Societe Generale SA and Deutsche Bank AG, have put restrictions on their trades involving Credit Suisse Group AG ... Banking & Finance -
Credit Suisse hit with first lawsuit over financial meltdown
Credit Suisse Group AG was hit with its first US investor lawsuit over the bank’s recent difficulties, alleging that it overstated its financial ... Banking & Finance -
Explainer: How did Credit Suisse get to crisis point?
Credit Suisse said on Thursday it would borrow up to $54 billion from the Swiss central bank to shore up liquidity after a slump in its shares and ... Banking & Finance -
Credit Suisse gets $54 bln lifeline as authorities rush to avert global bank crisis
Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a ... Banking & Finance -
Credit Suisse shares close down more than 24 pct
Credit Suisse shares closed down 24.24 percent at $1.83 (1.697 Swiss francs) on Wednesday after nosediving to an historic low following market panic ... Banking & Finance -
UBS Dubai taps Credit Suisse bankers to target wealthy Indians
UBS Group AG in Dubai is hiring a group of private bankers from rival Credit Suisse Group AG as the Swiss lender continues to expand its Gulf business ... Banking & Finance -
SNB chairman says investment in Credit Suisse is more of ‘tactical’ than ‘strategic'
The Saudi National Bank’s recent investment in Credit Suisse is more of a “tactical” investment than it is “strategic,” the bank’s chairman, Ammar ... Banking & Finance -
Saudi National Bank to invest in Switzerland’s Credit Suisse
Credit Suisse bank intends to raise capital worth four billion Swiss francs ($4 billion) through the issuance of new shares to qualified investors, ... Economy -
Credit Suisse expands in Qatar, launches tech hub
Credit Suisse will expand in Qatar via a partnership with the Gulf country’s Investment Promotion Agency (IPA Qatar), the Swiss bank said on Monday.It ... Banking & Finance