[ad_1] ZURICH, March 20 (Reuters) – Credit Suisse and UBS could benefit from more than 260 billion Swiss francs ($280 billion) in state and central bank support, a third of…
Tag: CORPD
Analysis: Credit Suisse rescue presents ‘buyer beware’ moment for bank bondholders
[ad_1] Surprise twist as Additional Tier 1 debt holders wiped out Assumption had been AT1 holders would outrank equity holders Approach roils wider bank bond and stock markets SINGAPORE, March…
Credit Suisse takeover, central bank action calm jittery markets
[ad_1] March 20 (Reuters) – Moves by authorities to avert a global banking crisis appeared to have lifted market confidence on Monday as investors welcomed emergency dollar liquidity from top…
Investment manager convicted over $121 Cayman fund
[ad_1] LONDON, Aug 10 (Reuters) – An investment manager of a collapsed 100-million-pound ($121 million) Cayman Islands-based legal financing fund was on Wednesday convicted by a London jury of fraudulent…
Analysis: UBS swallows Credit Suisse, casting shadow over Switzerland
[ad_1] LONDON, March 20 (Reuters) – UBS Group (UBSG.S) emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet…
UBS seals Credit Suisse takeover in bid to calm market nerves
[ad_1] UBS to pay 3 bln Swiss francs ($3.23 bln) for Credit Suisse Yellen, Powell welcome deal to support financial stability UBS to assume up to $5.4 bln in losses;…
Credit Suisse, SVB, Signature Bank: What you need to know
[ad_1] March 19 (Reuters) – UBS (UBSG.S) agreed to buy rival Swiss bank Credit Suisse (CSGN.S) for 3 billion Swiss francs ($3.23 billion) and agreed to assume up to $5.4…
First Citizens in talks to acquire Silicon Valley Bank – Bloomberg News
[ad_1] March 18 (Reuters) – First Citizens BancShares Inc (FCNCA.O) is evaluating an offer for Silicon Valley Bank (SIVB.O), Bloomberg News reported on Saturday, citing people familiar with the matter.…
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
[ad_1] LONDON, March 18 (Reuters) – Goldman Sachs has cut its recommendation on exposure to European bank debt to neutral from overweight, saying a lack of clarity on Credit Suisse’s…
SVB UK handed out over 15 million sterling in bonuses days after HSBC rescue, Sky News reports
[ad_1] March 18 (Reuters) – Silicon Valley Bank’s UK arm handed out over 15 million pounds ($18 million) in bonuses days after its rescue deal this week by HSBC, Sky…