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At Close: Sep 08, 2023
Safe-haven yen jumps as Credit Suisse deal sparks further jitters
05:13am, Monday, 20'th Mar 2023
Japan's yen rallied on Monday as investors sought out safe assets after UBS' cut-price takeover of its beleaguered rival Credit Suisse failed to quell market nerves.
European banks battered after Credit Suisse rescue
05:12am, Monday, 20'th Mar 2023
Shares in European banks were battered in early trade on Monday following UBS's state-backed rescue of Credit Suisse that brought with it massive writedowns for the latter's bondholders.
Saudi National Bank loses over $1 billion on Credit Suisse investment
05:11am, Monday, 20'th Mar 2023
Credit Suisse's largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.
French insurer AXA has about $640 mln exposure to Credit Suisse
05:08am, Monday, 20'th Mar 2023
French insurer AXA had a "limited exposure" of about 0.6 billion euros ($639.5 million) to Swiss bank Credit Suisse , it said on Monday.
First Republic shares tank 25% after UBS deal to buy Credit Suisse underscores risks of a banking crisis
05:07am, Monday, 20'th Mar 2023
First Republic shares sank in Monday's premarket trading as UBS's takeover of Credit Suisse ignited market fears of a banking crisis and S&P cut the US lender's debt ratings again.
Derivatives that track bonds at the heart of Credit Suisse rescue slide
04:54am, Monday, 20'th Mar 2023
Derivatives that track the value of key bank debt fell sharply on Monday, after UBS agreed to rescue rival Credit Suisse , forcing a massive writedown of the latter's additional tier-one debt as part
Dow sinks as much as 400 points as UBS's Credit Suisse rescue deal fails to ease US banking crisis fears
04:53am, Monday, 20'th Mar 2023
US stock futures tumbled Monday as worries about a bank crisis persisted, even after UBS was forced to take over Credit Suisse to try to avert more trouble.
UBS shares slide 14%, Credit Suisse craters 62% after takeover deal
04:25am, Monday, 20'th Mar 2023
UBS shares fell almost 14% on Monday after the bank's $3.2 billion "emergency rescue" of embattled domestic rival Credit Suisse.
European stocks slide as Credit Suisse buyout fails to soothe investors
04:18am, Monday, 20'th Mar 2023
European stocks fell on Monday and shares of Credit Suisse dived more than 60% after UBS agreed to buy the troubled bank in a $3 billion deal, valuing the Swiss lender at just a fraction of its market
Credit Suisse shares slump 72% in opening trade after UBS deal
04:14am, Monday, 20'th Mar 2023
Credit Suisse shares CSGN, -8.01% dropped 72% in opening trade, after agreeing to be bought by rival UBS in a deal underwritten by Swiss authorities. The steep share price drop came as Credit Suisse a
Shocked Credit Suisse staff fear uncertain future despite UBS rescue deal
03:44am, Monday, 20'th Mar 2023
Credit Suisse staff arriving to work in Hong Kong and Singapore on Monday morning fretted about retrenchments and retaining business after larger Swiss rival UBS agreed to swallow the 167-year-old ban
Analysis: Credit Suisse rescue presents 'buyer beware' moment for bank bondholders
03:37am, Monday, 20'th Mar 2023
The rudest shock in the rushed deal to save embattled Swiss lender Credit Suisse Group AG was reserved for the holders of the bank's riskiest tranche of bonds.
UBS agrees US$3.25bn rescue deal for embattled rival Credit Suisse
03:27am, Monday, 20'th Mar 2023
UBS Group AG (NYSE:UBS) will take over its embattled Swiss rival Credit Suisse Group AG (NYSE:CS) for US$3.25 billion following crunch talks on Sunday aimed at stopping the stricken bank from triggeri
Credit Suisse is also telling staff that their roles are "not immediately impacted" after UBS sealed a deal to acquire the 167-year-old lender.
Credit Suisse shares slump over 61% in premarket trading after UBS deal
03:18am, Monday, 20'th Mar 2023
Shares in Credit Suisse dropped 61.95% in premarket trading in Zurich on Monday after rival UBS agreed at the weekend to take over the 167-year old bank for $3 billion.
