[ad_1] The Swiss government was compelled to intervene to save Credit Suisse Group AG as the troubled bank wouldn’t have survived another day of trading amid a crisis of investor…
Tag: UBS GROUP AG-REG
UBS to Buy Credit Suisse in $3.3 Billion Deal to End Crisis
[ad_1] UBS Group AG agreed to buy Credit Suisse Group AG in a historic, government-brokered deal aimed at containing a crisis of confidence that had started to spread across global…
Rainer Gut, Who Built Credit Suisse Into Global Bank, Dies at 91
[ad_1] Rainer Gut, who engineered the mergers and acquisitions that transformed Switzerland’s Credit Suisse Group AG into a giant global investment bank, one that proved difficult for subsequent generations of…
Credit Suisse Is No More. What Went Wrong?
[ad_1] Switzerland’s role as banker to the world’s rich was built on a reputation for institutional discretion and dull reliability. That only made the scandals, public legal battles and mounting…
Switzerland Weighs Full or Partial Credit Suisse Nationalization
[ad_1] Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. Swiss authorities are considering a full or partial nationalization of Credit Suisse…
Swiss Are On the Hook for $13,500 Each on Credit Suisse Bailout
[ad_1] Switzerland’s tab for shoring up its reputation as a financial center could run to 12,500 Swiss francs ($13,500) for every man, woman and child in the country. To backstop…
UBS Poised to Absorb Credit Suisse Domestic Bank, Drop Brand
[ad_1] UBS Group AG is poised to decide in favor of fully integrating Credit Suisse’s domestic bank, ending months of speculation about the future of the business. The Zurich-based lender…
Switzerland Needs Another Major Local Bank, Swatch CEO Says
[ad_1] Nick Hayek, the head of Swatch Group AG, says he regrets the loss of Credit Suisse as it will open Switzerland to more foreign lenders. The watchmaker is now…
UBS’s Ermotti Says Bank Size Presents No Danger for Switzerland
[ad_1] UBS’s Ermotti Says Bank Size Presents No Danger for Switzerland Bloomberg [ad_2] Source link