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At Close: Sep 08, 2023
The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
02:10am, Friday, 24'th Mar 2023
Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing Credit Suisse to the brink.
UBS offers retention packages to Credit Suisse Asia wealth bankers -sources
12:59am, Friday, 24'th Mar 2023
UBS promised retention packages to wealth management staff in Asia at Credit Suisse , two people with knowledge of the matter said, as the bank tries to stem a talent exodus after the takeover of its
StanChart CEO says Credit Suisse bond wipeout had profound impact
12:00am, Friday, 24'th Mar 2023
Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse's $17 billion Additional Tier 1 bonds wipeout had "profound" implications for global bank regulations.
Credit Suisse, UBS Among Banks Facing DOJ Russia-Sanctions Probe
07:28pm, Thursday, 23'rd Mar 2023
The US Justice Department is investigating banks including Credit Suisse Group AG and UBS Group AG over whether they helped Russian oligarchs dodge sanctions, according to people familiar with the
The Banking Crisis Is Here
05:44pm, Thursday, 23'rd Mar 2023
The stability of the global banking industry has come under scrutiny as several high-profile banks have faced financial challenges over the past few weeks. The financial sector as a whole is facing si
Credit Suisse, UBS among banks facing U.S.'s Russia-sanctions probe -Bloomberg News
04:55pm, Thursday, 23'rd Mar 2023
Credit Suisse AG and UBS group AG are among the banks under scrutiny in a U.S. Justice Department investigation into whether financial professionals helped Russian oligarchs evade sanctions, Bloomberg
Exclusive: N. American fixed income group won't take legal action over Credit Suisse AT1 fiasco-source
03:30pm, Thursday, 23'rd Mar 2023
The Credit Roundtable, a lobby group of some of the biggest fixed income asset managers from the United States and Canada, has decided not to take legal action against Credit Suisse AG a person famili
UBS races to seal Credit Suisse deal as soon as late April, sources say
01:32pm, Thursday, 23'rd Mar 2023
The Swiss authorities and UBS Group AG are racing to close the takeover of Credit Suisse Group AG within as little as a month, according to two sources with knowledge of the plans, to try to retain th
Explainer: Credit Suisse bondholders seek legal advice on AT1 wipe-out
11:09am, Thursday, 23'rd Mar 2023
Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional Tier-1 (AT1) debt to be wiped out under its rescue takeover b
SoFi Made 2 Genius Moves in 2022 to Avoid Silicon Valley Bank's Fate
10:30am, Thursday, 23'rd Mar 2023 The Motley Fool
SoFi did basically the opposite of the regional banks that have recently gotten into trouble.
SNB's Jordan Says Credit Suisse Problem 'Now Solved' After UBS Takeover
08:33am, Thursday, 23'rd Mar 2023
Swiss National Bank President Thomas Jordan says he expects the "situation to calm down" after UBS Group's takeover of Credit Suisse Group. "Last week was a critical situation, but now with all t
‘Contracts are made to be honored.' David Tepper lashes out against Credit Suisse bond writedown
08:31am, Thursday, 23'rd Mar 2023
That was Appaloosa fund manager David Tepper venting his frustration to the Financial Times on Thursday over the Swiss regulators' decision to going against the normal pecking order and write down Cre
UBS Faces Tough Choices as It Weighs Up Credit Suisse's Asian Business
07:31am, Thursday, 23'rd Mar 2023
Combining two institutions that have vastly different approaches to risk could be difficult.
Shotgun bank weddings like UBS and Credit Suisse are supposed to protect the financial system, but these rescues come with unseen risks
07:25am, Thursday, 23'rd Mar 2023
The global banking turmoil since Silicon Valley Bank's SIVB, -60.41% sudden collapse continues, despite an effort by governments to calm depositors and provide liquidity to troubled banks.
Too big for Switzerland? Credit Suisse rescue creates bank twice the size of the economy
06:03am, Thursday, 23'rd Mar 2023
The last-minute rescue of Credit Suisse may have prevented the current banking crisis from exploding, but it's a raw deal for Switzerland.
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