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$0.89
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At Close: Sep 08, 2023
UBS acquired Credit Suisse in a rescue takeover this weekend. But neither side seemed to be too happy about the outcome.
Credit Suisse bondholders blast ‘insane' UBS takeover: ‘Against the law'
11:40am, Monday, 20'th Mar 2023
The holders of additional tier 1 (AT1) bonds were shocked to learn that their investments were wiped out -- a move that some say is illegal.
What are CoCos and why are Credit Suisse's now worth zero?
11:35am, Monday, 20'th Mar 2023
The Swiss regulator on Sunday announced that it was writing the value of Credit Suisse's additional Tier 1 bonds — also called AT1 bonds, or contingent convertible bonds or CoCos — down to zero, a
UBS-Credit Suisse Deal to Lift Crisis-Hit Bank ETFs
11:28am, Monday, 20'th Mar 2023
UBS Group (UBS) has agreed to acquire the crisis-hit Credit Suisse Group (CS) in an emergency rescue deal engineered by Swiss authorities to prevent the meltdown spreading through the global financial
How assets are divided in bankruptcy: Yahoo Finance explains
11:23am, Monday, 20'th Mar 2023
Yahoo Finance Live's Julie Hyman explains how assets are divided in bankruptcy and why $17 billion of Credit Suisse tier 1 bonds were wiped out in the UBS takeover.
Credit Suisse shares tank over 50% as historic UBS merger fails to quell fears
11:21am, Monday, 20'th Mar 2023
Credit Suisse was saved from the verge of a catastrophic bankruptcy thanks to the purchase of the bank by UBS, the biggest bank in Switzerland. The transaction was intended to soothe the mounting wo
Possible legal action by some Credit Suisse AT1 bondholders discussed - law firm
11:21am, Monday, 20'th Mar 2023
A team of lawyers from Switzerland, the United States and UK are talking to a number of Credit Suisse Additional Tier 1 (AT1) bond holders about possible legal action after the state-backed rescue of
Gold rises above $2,000 amid UBS's Credit Suisse rescue
11:09am, Monday, 20'th Mar 2023
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the rise in gold.
Credit Suisse's $3.2 billion cut-price sale signals an ongoing crisis that could expose unicorn fintechs
11:02am, Monday, 20'th Mar 2023
If Credit Suisse went for a song, how much are all the unicorn neobanks really worth?
Banking Stocks And The Fed
10:52am, Monday, 20'th Mar 2023
Following a week of turmoil in the banking sector, stock indices managed to close the week in the green on Friday.
UBS Buys Credit Suisse, and Warren Buffett Might Be Looking to Buy Too
10:50am, Monday, 20'th Mar 2023
The legendary investor has a history of investing in banks.
Goldman Sachs has ruled out an interest-rate hike by the Federal Reserve at its Wednesday meeting, citing "banking stress."
UBS mulls sweeteners to keep Credit Suisse wealth bankers - source
10:33am, Monday, 20'th Mar 2023
UBS Group AG told Credit Suisse wealth bankers it's weighing financial sweeteners for them to stay as it seeks to reassure key staff following the takeover, a person with knowledge of the matter told
UBS Buying Credit Suisse In $3.2 Billion Deal: Details
10:30am, Monday, 20'th Mar 2023
UBS (NYSE: UBS) (SWX: UBSN) announced it is buying Credit Suisse. These are the details.
What are AT1 bonds and why are Credit Suisse's now worthless?
10:17am, Monday, 20'th Mar 2023
Investors in a riskier type of Credit Suisse's bonds had their holdings slashed to zero Sunday after Swiss authorities brokered an emergency takeover of the bank by rival UBS.
