[ad_1] ZURICH, March 25 (Reuters) – Credit Suisse (CSGN.S) tapped the Swiss National Bank for “a large multi-billion amount” last weekend to secure its liquidity, the country’s finance minister Karin…
Tag: REORG
Swiss finance minister defends rushed banking takeover
[ad_1] ZURICH, March 25 (Reuters) – Switzerland’s finance minister defended the shotgun merger between the country’s two largest banks in an interview with Swiss newspaper Neue Zuercher Zeitung on Saturday,…
First Republic shares fall sharply as Yellen says Treasury will not insure all deposits
[ad_1] NEW YORK, March 22 (Reuters) – As beleaguered First Republic Bank (FRC.N) considers its options, Treasury Secretary Janet Yellen said on Wednesday there is no discussion on insurance for…
Shocked Credit Suisse staff fear uncertain future despite UBS rescue deal
[ad_1] SINGAPORE/HONG KONG, March 20 (Reuters) – Credit Suisse staff arriving to work in Hong Kong and Singapore on Monday morning fretted about retrenchments and retaining business after larger Swiss…
UBS mulls takeover of Credit Suisse with possible Swiss government guarantees
[ad_1] FRANKFURT, March 18 (Reuters) – UBS (UBSG.S) is examining a takeover of Credit Suisse (CSGN.S) that could see the Swiss government offer a guarantee against the risks involved, said…
Explainer: Credit Suisse: How did it get to crisis point?
[ad_1] March 16 (Reuters) – Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from the Swiss central bank to shore up liquidity after a slump…
Swiss central bank pledges to back Credit Suisse
[ad_1] ZURICH/FRANKFURT, March 15 (Reuters) – Switzerland’s central bank pledged on Wednesday to fund Credit Suisse (CSGN.S) with liquidity “if necessary,” a first for a global bank since the financial…
Credit Suisse flags ‘material weaknesses’ in reporting, outflows not reversed
[ad_1] Delayed annual report released Auditors PwC included “adverse opinion” on bank’s internal controls Outflows “not yet reversed” ZURICH, March 14 (Reuters) – Credit Suisse (CSGN.S) said in its 2022…
Credit Suisse shares hit new low
[ad_1] ZURICH, March 13 (Reuters) – Credit Suisse (CSGN.S) shares hit a new record low in morning trading on Switzerland’s stock exchange. Bank shares in Europe and Asia plunged on…