[ad_1] Credit Suisse on Tuesday announced that it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group to Apollo Global Management.…
Tag: Credit Suisse Group AG
Credit Suisse shares plunge 18% as bank announces huge third-quarter loss and strategic overhaul
[ad_1] Credit Suisse has been plagued by sluggish investment banking revenues, losses relating to its business in Russia and litigation costs following a host of legacy compliance and risk management…
Swiss central bank hikes interest rates by 50 basis points despite Credit Suisse turmoil
[ad_1] The Swiss National Bank increased its policy rate by 50 basis points, taking the rate to 1.5%. The rate is the fourth consecutive hike and was in line with…
Europe stocks higher ahead of central bank meets; UBS up 1% after completing Credit Suisse takeover
[ad_1] 3 Hours Ago UBS shares tick higher after completed Credit Suisse takeover UBS shares rose 1.1% after the Swiss bank said it had completed the takeover of its former…
UBS says it has completed the takeover of stricken rival Credit Suisse
[ad_1] UBS has completed the legal takeover of its former Swiss rival Credit Suisse. The $3.2 billion deal was agreed in March amid worries about Credit Suisse losses would destabilize the banking…
UBS and the Swiss government sign loss protection agreement over Credit Suisse takeover
[ad_1] Swiss authorities brokered the controversial emergency rescue of Credit Suisse by UBS for 3 billion Swiss francs ($3.37 billion) over the course of a weekend in March. Fabrice Coffrini…
Why wealthy Americans love UBS, the secretive Swiss banking giant
[ad_1] With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS is no stranger to blockbuster mergers. The modern company…
Credit Suisse to delay its 2022 annual report after a ‘late call’ from the SEC
[ad_1] Workers pass a Credit Suisse Group AG bank branch in Geneva, Switzerland, on Thursday, Sept. 1, 2022. Jose Cendon | Bloomberg | Getty Images Credit Suisse on Thursday announced…
Saudi National Bank loses over $1 billion on Credit Suisse investment
[ad_1] Saudi National Bank confirmed to CNBC on Monday that it had been hit with a loss of around 80% on its investment in Credit Suisse. The Riyadh-based bank bought…