Global banking has been in turmoil over the last two weeks following a series of stunning bank collapses in Europe and the United States. Despite a series of rescue packages for troubled lenders and the […]
By Andrew Ross Sorkin, Michael J. de la Merced and Maureen Farrell Andrew Ross Sorkin, Michael de la Merced and Maureen Farrell cover global finance from New York and London. UBS has agreed to buy Credit Suisse, its beleaguered […]
NewsBusiness and Economy Multinational investment bank UBS has reportedly asked the Swiss government to cover about $6bn in costs if it was to buy rival Credit Suisse. Authorities are scrambling to resolve a crisis of […]
Russia’s invasion of Ukraine sparked a major market crisis, sending oil and gas prices to multi-decade highs and causing the Euro to crash below parity with the dollar. Today, energy prices have fallen back to […]
Credit Suisse Group AG is continuing to see shares decline to record lows due to a surge in investor outflows that have prompted remaining investors to question the bank’s future, as rivals in the vital […]
Two weeks ago, the NYT mocked “amateur investors” for piling up in a historic, “meme” short bet against the troubled Swiss bank Credit Suisse, which it argued was nowhere near as distressed as rumors suggested […]
While there has been much speculation Credit Suisse Group AG could be the next Lehman — the 2nd largest Swiss bank, desperate for billions of dollars in fresh capital, has unveiled a restructuring plan: multi-billion […]
With its formal restructuring announcement deadline less than 10 days away, Credit Suisse is reportedly working with a number of major banks on a potential capital increase. Bloomberg reports that, according to people familiar […]
Update (1215ET): Credit Suisse just can’t catch a break as, on top of all the systemic fragility and financial instability, Bloomberg reports the US Justice Department is investigating whether CS continued to help US clients […]
Credit Suisse spooked investors yet again when on Thursday it announced it was selling the renowned Savoy Hotel in Zurich’s financial district. The announcement comes amid a flurry of rumors the bank is in financial […]
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