14-day Premium Trial Subscription Try For FreeTry Free
The bank has a quandary after agreeing to buy local rival Credit Suisse: what to do with the latter's Swiss business.
The Credit Derivatives Determinations Committee, a panel tasked with overseeing the credit default swaps market, has ruled that the write down of Credit Suisse Group AG's Additional Tier 1 notes will
Qatar's sovereign wealth fund, Credit Suisse's second-largest investor, has explored seeking redress for losses incurred by the bank's takeover, two people familiar with the matter said, as legal chal
A credit event has not occurred in relation to Credit Suisse Group , a committee that adjudicates on disputes in the credit default swaps market said on Wednesday in response to an investor question.

UBS says it was rushed into Credit Suisse deal

11:06am, Wednesday, 17'th May 2023
UBS Group AG (NYSE:UBS) did not want to buy Credit Suisse Group AG (NYSE:CS) and was rushed into purchasing the failed bank for close to US$3.5bln, according to a regulatory document. The Swiss lender
Credit Suisse's collapse and its takeover by UBS will be investigated by a parliamentary commission, Swiss media reported on Wednesday, citing the office of Switzerland's upper house of parliament.
UBS says it will absorb costs related to litigation, regulatory matters and liability adjustments in emergency rescue
UBS said it didn't want to acquire its rival and its inability to do thorough due diligence means it's possible it “agreed to a rescue that is considerably more difficult and risky than it had conte
UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing.
The Swiss bank released new details about the acquisition's likely impact on its balance sheet.
UBS Group AG was rushed into buying cross-town rival Credit Suisse Group AG in a deal it did not want, as a global bank crisis worsened the latter's finances and prompted authorities to take swift act
Credit Suisse Group AG faces certain restrictions in its ability to do business until its acquisition by rival UBS Group AG is completed, according to a regulatory filing on Tuesday.
Swiss bank UBS Group AG said on Tuesday it estimated a "negative goodwill" of $34.8 billion from its acquisition of Credit Suisse.
EU antitrust regulators are expected to give unconditional clearance to UBS' planned takeover of struggling fellow Swiss bank Credit Suisse following the end of its preliminary review, people familiar
Credit Suisse's Australian metals and mining team will join boutique local advisory firm Gresham, according to a source familiar with the matter, as the collapsed Swiss bank's takeover by rival UBS ga
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE