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Why Credit Suisse Stock Plunged 71% in March

10:30pm, Monday, 10'th Apr 2023
In the wake of Silicon Valley Bank, Credit Suisse spiraled out of control. With the help of the Swiss National Bank, the company sold itself to UBS.
UBS's multi-billion state-sponsored takeover of Credit Suisse should proceed smoothly without political obstructions, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Satur
UBS Chief Executive Sergio Ermotti has told Credit Suisse staff it is "critical" to remain focused on clients and keeping the business running as the merger of the two banks proceeds, according to an
The Swiss government is about to canceled or cut outstanding bonuses of top Credit Suisse Group AG executives following the state-backed takeover by UBS Group AG. Oliver Crook reports on Bloomberg Tel
Hedge funds raised billions from taking up short positions against lenders in March, as the collapse of Silicon Valley Bank (SVB) sent ripples across the global financial sector. US$1.3bn was raised t
The Swiss government is about to canceled or cut outstanding bonuses of top Credit Suisse Group AG executives following the state-backed takeover by UBS Group AG. Nabila Ahmed reports on Bloomberg

Regional Banks vs. Tech: What Lies Ahead?

04:00pm, Wednesday, 05'th Apr 2023
With tech stocks extended and regional banks breaking down, now may be an ideal time to be patient and "wait for your pitch". Andrew Rocco explains.
Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether those already paid can be recovered, the Federal
Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels of management and examine whether already those already paid out can be recovered,
Swiss lender Credit Suisse has won a $41 million lawsuit against a member of the Saudi royal family over a loan to refinance a super yacht, with London's High Court ruling there was no viable defence
UBS's takeover of Credit Suisse was a “milestone” in global finance but entails a “huge amount of risk,” according to the bank's chair Colm Kelleher. “It was a historic day and a day we hope
FINMA and the Swiss central bank brokered UBS' takeover for embattled Zurich rival Credit Suisse for 3 billion Swiss francs ($3.3 billion), in a deal announced on March 19.
UBS's Chairman told the bank's annual shareholder meeting on Wednesday that the takeover of rival Credit Suisse was a significant milestone for Switzerland and for the global financial industry.
Switzerland's financial regulator FINMA called for more power to penalise and name and shame banks that break the rules, following the collapse of the country's second-biggest bank, Credit Suisse.
UBS will hold its annual general meeting on Wednesday morning against a fraught political backdrop following its takeover of fallen rival Credit Suisse, announced last month.
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