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Mar 28, 2023 · Credit Suisse, a leading Swiss bank, was bought by rival UBS in March 2023 after facing numerous scandals, losses, and a run on deposits. The collapse of the bank and two U.S. banks in the same month raised concerns about the global financial system and Switzerland's reputation.
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....
Apr 24, 2023 · Apart from UBS agreeing a $3.25bn deal to buy Credit Suisse on March 19, potentially averting a global economic meltdown, nothing much happened while the analysts were away.
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...
Apr 24, 2023 · Credit Suisse’s ugly demise revealed: A $69 billion panic, a close call with a historic bankruptcy and a record profit from wiping out bondholders. BY Marion Halftermeyer and Bloomberg. April...
Mar 20, 2023 · The emergency takeover of Credit Suisse by UBS has shattered the image and credibility of the Swiss banking sector. The article analyses the global effects, the legal issues, the operational challenges and the public memory of the bank failure.
Apr 24, 2023 · Credit Suisse bled customer deposits worth 67 billion Swiss francs ($75.2 billion) in the first three months of the year, and money is still leaving the bank as UBS races to complete a rescue...
