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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...
2 days ago · ZURICH, June 20 (Reuters) - Switzerland's financial regulations need further strengthening following the takeover of Credit Suisse by UBS, the Swiss National Bank said on Thursday, pressing for ...
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 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.
Apr 6, 2021 · Credit Suisse took drastic action on Tuesday, replacing two key executives and cutting bonuses amid the fallout from two major business relationships.
5 days ago · Berke asks Tomita about a September 2020 email he sent to Hwang’s co-defendant, Archegos Chief Financial Officer Patrick Halligan. “Bill loves GSX,” Tomita wrote, adding, “Especially where ...
Mar 16, 2023 · Switzerland’s central bank said it was ready to provide financial support to Credit Suisse after shares in the country’s second-biggest lender crashed as much as 30%. Follow for live updates.
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...
Sep 26, 2022 · Credit Suisse Group AG today announced that it is well on track with its comprehensive strategic review including potential divestitures and asset sales. The bank will update the market further when it reports third-quarter results on October 27, 2022.
