[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: STX
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;…
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…
Analysis: Bank panic raises specter of 2008, may bring lasting change
[ad_1] WASHINGTON, March 18 (Reuters) – The lightning speed at which the banking industry descended into turmoil has shaken global markets and governments, reviving eerie memories of the financial crisis.…
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…
Credit Suisse managed funds’ net outflows top $450 mln -Morningstar
[ad_1] Net outflows seen March 14,15 Data for March 16 yet to compiled -Morningstar LONDON, March 17 (Reuters) – Credit Suisse <CSGN.S> saw more than $450 million in net outflows…
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…