Swiss regulator considers disciplinary action against Credit Suisse
Swiss financial regulator FINMA is reportedly considering disciplinary action against Credit Suisse managers following the bank’s rescue by...
Credit Suisse
Credit Suisse
Saudi National Bank reshuffles leadership following Credit Suisse investment setback
Saudi National Bank (SNB), the largest shareholder in Credit Suisse (CS) before the Swiss bank’s recent rescue, has...
The Hidden Risk in U.S. Banks’ Balance Sheets: $1.7 Trillion in Unrealized Losses
The recent failures of Silicon Valley Bank and Credit Suisse have raised concerns about the stability of the...
Swiss Government Halts Bonus Payments for Credit Suisse Employees
The Swiss government has directed Credit Suisse to halt temporarily the payment of bonuses to its workforce, following...
Moody’s downgrades outlook for UBS following Credit Suisse acquisition
Moody’s, the credit rating agency, recently made an announcement on Tuesday confirming the credit ratings of UBS Group...
Credit Suisse’s 9000 Job Cuts Only the Tip of the Iceberg, Says UBS Chairman
Prior to its government-brokered takeover, Credit Suisse Group AG had already been in the process of cutting 9,000...
Saudi National Bank’s $1 Billion Loss Highlights Risks of Equity Investments
Saudi National Bank has disclosed that it has experienced a loss of nearly 80% on its investment in...
UBS-Deal Fallout: Credit Suisse’s Stock Tumbles More Than 60% in Early Trading
On Monday, Credit Suisse’s shares dropped by 61.95% in premarket trading in Zurich following the announcement that UBS...
Central Banks Step in to Reassure Markets Following UBS and Credit Suisse Deal
Over the weekend, several major central banks united to prevent a banking crisis from spreading, while Swiss authorities...
First Republic Bank Receives Lifeline from Eleven Major Lenders
The major banks in the United States have offered to assist First Republic Bank, a struggling mid-sized lender,...