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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....
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 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 · 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...
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...
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.
Dec 9, 2022 · Dec 9 (Reuters) - Credit Suisse (CSGN.S) got a positive market reaction on Friday after the embattled bank successfully completed the final part of its 4 billion Swiss franc ($4.28 billion)...
Oct 31, 2022 · Credit Suisse on Monday unveiled details of its plan to raise 4 billion Swiss francs ($4.01 billion) from investors to support the embattled bank's bid to tackle the in its 166-year history.
Oct 27, 2022 · Credit Suisse Group AG (Credit Suisse) today announces a series of decisive actions to create a simpler, more focused and more stable bank built around client needs.
