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UBS will seek to reassure shareholders on Wednesday that its unexpected takeover of rival Credit Suisse in the biggest bank rescue since the great financial crash can work.

Air Bags Deployed to Cushion Bank Crashes

05:29pm, Tuesday, 04'th Apr 2023
In recent years, COVID and a ZIRP (Zero Interest Rate Policy) caused out-of-control inflation to swerve the economy in the wrong direction. However, the Federal Reserve and its Chairman, Jerome Powell
The Bank of England has approved UBS Group AG's takeover of Credit Suisse Group AG in the United Kingdom, people familiar with the process told Reuters, a key market for the Swiss lenders racing to cl
UBS has secured a temporary green light from EU antitrust regulators to complete its acquisition of Credit Suisse but will still have to request clearance under EU merger rules, the European Commissio
Suisse Yahoo Finance Live anchors Brad Smith and Jared Blikre discuss reports that Credit Suisse Chairman Axel Lehmann has apologized to shareholders for the bank's failure at the final annual meeting

Credit Suisse shareholders re-elect chairman

09:14am, Tuesday, 04'th Apr 2023
Credit Suisse shareholders voted to re-elect Chairman Axel Lehmann at the company's annual general meeting in Zurich on Tuesday.
Tuesday's meeting in Zurich was the first opportunity for Credit Suisse's angry shareholders to confront the bank's leadership in person since the UBS takeover.

Credit Suisse Chairman: 'I Am Truly Sorry'

06:49am, Tuesday, 04'th Apr 2023
Shareholders at the bank's final annual meeting expressed their anger toward management and the board for failing to save the storied institution.
Credit Suisse chair Axel Lehmann has apologised to investors for the collapse of the 167-year-old Swiss bank at its final shareholder meeting as an independent business. “It is a sad day.
Shareholders arrive at the Credit Suisse annual general meeting in Zurich ready to demand answers over the 167-year-old bank's emergency sale to UBS last month, as climate activists and members of the
Chinese banks will likely avoid the troubles of their global peers, but they are cheap for good reason.
That's Axel Lehmann, the chairman of Credit Suisse, addressing shareholders after the deal to be purchased at a cut-rate price by UBS, ending 167 years of independence. Shareholders at neither Credit

Credit Suisse chairman: "I am truly sorry"

04:43am, Tuesday, 04'th Apr 2023
Credit Suisse's chairman told a room full of shareholders that he was "truly sorry" the Swiss bank was not able to get back on track at its final annual general meeting on Tuesday, according to a manu
GENEVA (AP) — Once-venerable Credit Suisse is heading into a possible firestorm Tuesday as shareholders meet for what is shaping up to be their last crack at managers following a colossal collapse o
A police presence was established outside the Credit Suisse annual meeting as shareholders began arriving in droves.
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