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Mar 18, 2023 · Credit Suisse was thrown a $54 billion lifeline by the Swiss central bank on Thursday to shore up liquidity after a slump in its shares and bonds intensified fears about a global banking crisis....
Mar 28, 2023 · Credit Suisse collapsed and was purchased by UBS in March 2023. We provide an overview of some of the events leading to the collapse and possible repercussions.
Oct 27, 2022 · GENEVA - Credit Suisse announced a radical series of measures on Thursday aimed at turning around the beleaguered bank following huge third-quarter losses, including 9,000 job layoffs, spinning...
Mar 16, 2023 · Credit Suisse is taking decisive action to pre-emptively strengthen its liquidity by intending to exercise its option to borrow from the Swiss National Bank (SNB) up to CHF 50 billion under a Covered Loan Facility as well as a short-term liquidity facility, which are fully collateralized by high quality assets.
Mar 19, 2023 · Credit Suisse and UBS have entered into a merger agreement on Sunday following the intervention of the Swiss Federal Department of Finance, the Swiss National Bank and the Swiss Financial Market Supervisory Authority FINMA (FINMA). UBS will be the surviving entity upon closing of the merger transaction.
Mar 23, 2023 · After its share price plunged to an all-time low last week, Credit Suisse announced that it had secured a loan of up to 50 billion Swiss francs from the Swiss National Bank, and provided...
Oct 27, 2022 · Credit Suisse plans to spin out its deals and capital advisory business into a new firm called CS First Boston, resurrecting the name of the well-known American investment bank it acquired...
Mar 16, 2023 · Shares in Credit Suisse surged on Thursday after it agreed to a $53 billion loan from the Swiss central bank. Troubles at Switzerland’s second-biggest lender have sparked fears that banking...
Apr 5, 2023 · Allowing the bankruptcy of troubled lender Credit Suisse would have crippled Switzerland's economy and financial center and likely resulted in deposit runs at other banks, Swiss regulator...
Oct 3, 2022 · Credit Suisse credit default swaps soared higher on Monday, adding 105 basis points from Friday's close to trade at 355 bps, their highest level in at least more than two decades.
