Credit Suisse News
Credit Suisse is a financial company, providing services such as retail banking, wealth management, investment banking, etc. with headquarters in Switzerland. Post financial crisis, Credit Suisse was at the centre of many investigations for alleged fraud and tax evasion. In March 2023, Credit Suisse’s largest investor Saudi National Bank could not provide any more financial assitance. Eventually, Credit Suisse was acquired by UBS. Get the latest Credit Suisse news, videos and headlines here.
UBS Weighs Credit Suisse China Stake Swap With Beijing Government
UBS Group AG is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, according to people familiar with the matter.
3 min read9 Apr 2024A Year After Credit Suisse’s Fall, UBS’s Path Is Lined With Temptation
UBS wants to use the Credit Suisse acquisition to expand its investment banking operations in the U.S. Above all, though, it needs to retain the focus on wealth management that is beloved by investors.
2 min read19 Mar 2024Credit Suisse crisis: UBS Chairman points at failure of board, management, shareholders
UBS Chairman, Colm Kelleher pointed fingers at Credit Suisse’s board, management, and shareholders for the bank’s downfall. However, he anticipates a higher return on equity for UBS once the Credit Suisse integration is complete.
2 min read17 Jan 2024How did Credit Suisse collapse amid nationalisation plans by injecting $57.6 billion?
How Swiss authorities bungled Credit Suisse oversight while trying to nationalise it.
10 min read19 Dec 2023Behind Credit Suisse’s Fall: A Chairman’s Lasting Mark on the Culture
Insiders and investors say the bank’s board, headed by Urs Rohner, was ultimately responsible for its fate.
9 min read25 Nov 2023UBS Credit Suisse merger: UBS to fire hundreds of Credit Suisse bankers — report
UBS Credit Suisse merger layoffs: UBS begins layoffs of Credit Suisse investment banking officials following their merger; duplication of operations cited as reason
1 min read29 Jul 2023RBI allows UBS-acquired Credit Suisse to retain Indian banking license: Report
The Reserve Bank of India has allowed UBS to retain the banking license of Credit Suisse in India, as UBS plans to cut over half of Credit Suisse’s workforce. UBS also has yet to decide on the future of the Swiss domestic business it acquired from Credit Suisse.
1 min read6 Jul 2023Credit Suisse investor group seeks better UBS takeover price: Report
Under the deal, sealed last month, Credit Suisse shareholders were offered one UBS share for 22.48 Credit Suisse shares, valuing the stricken bank at 3 billion Swiss francs or $3.35 billion.
2 min read4 Jul 2023Credit Suisse takeover not a bankruptcy event, claims CDS panel
The Swiss bank in March was taken over by UBS in a state-assisted deal that wiped out Credit Suisse’s $17 billion Additional Tier 1 (AT1) bondholders
1 min read22 May 2023UBS Faces Tough Choice Over Credit Suisse’s Domestic Business
Combined group would dominate parts of Swiss banking, but a full merger in Switzerland would likely involve thousands of job cuts
3 min read18 May 2023Popular Topics
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