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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.
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 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...
Dec 19, 2023 · In this report, it analyses the development of Credit Suisse between 2008 and 2023 with regard to its strategy, business performance, management decisions, risk management and preparation for crises. It also examines FINMA’s supervisory work with the bank.
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.
Oct 27, 2022 · Credit Suisse Unveils Sweeping Revamp to Revive Its Fortunes. The restructuring includes shrinking its investment bank and raising $4 billion in capital from investors, including a state-owned...
1 day ago · July 4, 2024 at 3:49 AM PDT. Listen. 1:45. A Swiss watchdog has started monitoring how UBS Group AG prices its products amid concerns that the takeover of Credit Suisse could hurt competition in ...
Mar 20, 2023 · S&P Global on Monday revised down its outlook on UBS after the bank agreed to rescue Swiss rival Credit Suisse in a $3.25 billion deal. The credit ratings agency changed its outlook to...
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...
