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Credit Suisse Group AG
Credit Suisse crisis
UBS's acquisition of Credit Suisse to be completed as early as June 12
The acquisition was first announced on March 19 when UBS offered to buy Credit Suisse for up to US$1 billion.
June 05, 2023
Credit Suisse crisis
UBS sued by Credit Suisse investor arguing price was too low
The investor claims UBS was unfairly able to snap up the shares for 0.76 Swiss francs apiece, below 1.86 francs apiece on Mar 17.
May 30, 2023
Global Economy
Briefs: Global trade slows in blow to Maersk, Credit Suisse AT1 holders in Asia add to claims over wipeout
Quoteworthy: "There is a sense that we’re much closer to the end of this than to the beginning" - Jerome Powell
May 06, 2023
Credit Suisse crisis
Credit Suisse saw US$69 bil of outflows in frantic quarter
The Swiss lender reported 47.1 billion francs of net outflows in wealth management, traditionally the most prized business.
April 24, 2023
Credit Suisse crisis
Swiss weighed Credit Suisse bankruptcy before choosing UBS
Finma's Amstad rejected the suggestion that Finma didn’t intervene early or aggressively enough to tackle Credit Suisse’s problems
April 05, 2023
Credit Suisse crisis
Credit Suisse integration will take up to four years: UBS update
In a separate presentation, UBS vice chairman Lukas Gahwiler said that “great uncertainty” will remain until the deal’s closed.
April 05, 2023
New appointments
Deutsche Bank hires Credit Suisse's Lim as Asia M&A co-head
Lim resigned from Credit Suisse recently and is expected to join Deutsche Bank in the next few months, one of the people said.
April 05, 2023
Credit Suisse crisis
UBS may cut workforce by up to 36,000 jobs worldwide after Credit Suisse takeover
The two lenders together employed almost 125,000 people at the end of last year.
April 02, 2023
Credit Suisse crisis
Saudi National Bank chair resigns after Credit Suisse remark
Al Khudairy will be replaced by Chief Executive Officer Saeed Mohammed Al Ghamdi, according to a statement on Monday.
March 27, 2023
Banking & finance
Equity holders will absorb losses before holders of AT1 and Tier 2 capital instruments: MAS
MAS says it intends to stick to the hierarchy of claims in liquidation if it needs to exercise its powers to resolve an FI.
March 22, 2023