[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: MTGFX
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…
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;…
U.S., Canada motorists weigh cuts to spending as gas prices surge to record
[ad_1] ATLANTA, March 8 (Reuters) – At a Kroger (KR.N) station in Atlanta, general contractor L.W. Boyd had two fuel spigots going at the same time – pumping diesel into…
Credit Suisse lifeline, First Republic rescue: What you need to know
[ad_1] March 17 (Reuters) – Credit Suisse and First Republic Bank shares came under renewed pressure on Friday despite multi-billion dollar support deals, while a source said European Central Bank…
ECB meets over banking stress as US rescue eases immediate fears
[ad_1] March 17 (Reuters) – European Central Bank supervisors met to tackle growing cracks in the banking system on Friday after a $30 billion lifeline for U.S. lender First Republic…
Credit Suisse $54 bln lifeline offers limited respite to global banks
[ad_1] March 16 (Reuters) – Credit Suisse (CSGN.S) sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from Switzerland’s central bank,…
Analysis: Swiss blank cheque wins some time for Credit Suisse
[ad_1] LONDON, March 16 (Reuters) – Switzerland’s radical pledge to bankroll Credit Suisse Group AG has won the embattled lender the chance to resurrect itself from an almost complete collapse…