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At Close: Sep 08, 2023
Swiss parliament's lower house rejects Credit Suisse rescue package
06:28pm, Tuesday, 11'th Apr 2023
The lower house of Switzerland's parliament voted late on Tuesday to retrospectively reject the 109 billion Swiss francs of financial guarantees the government gave to Credit Suisse as part of a hasti
The IMF Is Watching These Potential Trouble Spots
04:33pm, Tuesday, 11'th Apr 2023
After the recent banking crisis, other pressure points include commercial real estate lenders, frontier markets, insurers, and venture capital in technology, according to IMF economists.
Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire
03:54pm, Tuesday, 11'th Apr 2023
Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferr
Credit Suisse, SEC letters show months-long reporting errors debate
01:39pm, Tuesday, 11'th Apr 2023
Credit Suisse and the U.S. Securities and Exchange Commission (SEC) engaged in a months-long debate over the severity of reporting deficiencies that led the Swiss bank to delay its annual report last
Swiss parliament approves 109 billion franc rescue package for Credit Suisse
10:54am, Tuesday, 11'th Apr 2023
The upper house of Switzerland's parliament on Tuesday retrospectively approved 109 billion Swiss francs of financial guarantees, which were included in a rescue package for Credit Suisse.
Credit Suisse pays back some emergency liquidity, central bank data suggests
06:16am, Tuesday, 11'th Apr 2023
Credit Suisse has already paid back some of the emergency liquidity offered by the Swiss National Bank (SNB), data suggested on Tuesday, signaling an ebbing of the liquidity crisis which triggered the
Credit Suisse's Risky Bond Wipeout Hurts Asia's Rich
05:30am, Tuesday, 11'th Apr 2023
Private bankers from UBS and other international banks actively pushed AT1 securities to their wealthy clients for years.
Swiss parliament holds emergency session on Credit Suisse rescue
04:21am, Tuesday, 11'th Apr 2023
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 normally tranquil country.
Credit Suisse job cuts must be frozen -bankers leader says
02:42am, Tuesday, 11'th Apr 2023
Credit Suisse and UBS must freeze any job cuts planned as part of their emergency merger, the Swiss Bank Employees' Association (SBPV) said on Monday, in an open letter to the country's parliament.
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.
Swiss finance minister sees no 'stumbling blocks' to UBS takeover of Credit Suisse
06:49am, Saturday, 08'th Apr 2023
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 CEO tells Credit Suisse staff to stay focused on clients and the business
12:10pm, Thursday, 06'th Apr 2023
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
Switzerland Targets Credit Suisse Executives' Bonuses
09:20am, Thursday, 06'th Apr 2023
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
Credit Suisse, Silicon Valley Bank shorts raised billions in March
07:21am, Thursday, 06'th Apr 2023
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
Switzerland to Cancel, Cut Top Credit Suisse Executives' Bonuses
08:48pm, Wednesday, 05'th Apr 2023
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
