UBS completes Credit Suisse takeover. Here’s what it means
WEBJun 12, 2023 · UBS has finalized its emergency takeover of fallen rival Credit Suisse, creating a giant Swiss bank with nearly $1.7 trillion in assets in the biggest banking tie-up since the 2008 global...
Credit Suisse Unveils Sweeping Revamp to Revive Its Fortunes
WEBOct 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 in...
Credit Suisse and UBS to Merge
WEBMar 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).
Live updates: Credit Suisse deal, global stock market news - CNN
WEBMar 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...
UBS agrees to buy Credit Suisse for more than $2bn - Financial Times
WEBMar 19, 2023 · UBS has agreed to buy Credit Suisse after increasing its offer to more than $2bn, with Swiss authorities poised to change the country’s laws to bypass a shareholder vote as they rush to announce...
Live updates: Credit Suisse-UBS deal and global stock market news - CNN
WEBMar 20, 2023 · Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American...
UBS completes Credit Suisse acquisition
WEBZurich, 12 June 2023 – UBS has completed the acquisition of Credit Suisse today, crossing an important milestone. Credit Suisse Group AG has been merged into UBS Group AG and the combined entity will operate as a consolidated banking group.
Credit Suisse to Raise $4 Billion to Fund Sweeping Overhaul
WEBOct 27, 2022 · Credit Suisse Group AGtook the most dramatic steps yet to repair the bank, unveiling a restructuring that will see a multi-billion dollar capital raise, thousands of job cuts and carve out of...
Credit Suisse Group takes decisive action to pre-emptively …
WEBMar 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.
What happened at Credit Suisse and how did it reach crisis point?
WEBMar 16, 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...
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