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Tag:

suisse

  • Business News

    Asia policymakers move to calm nerves after Credit Suisse takeover

    by Reuters March 20, 2023
    by Reuters March 20, 2023

    By Scott Murdoch SYDNEY (Reuters) – Asian policymakers on Monday moved to calm investor nerves after announcements of a historic Swiss-backed takeover of troubled Credit Suisse and a coordinated move …

  • Business News

    Singapore central bank says no interruption to Credit Suisse operations

    by Reuters March 19, 2023
    by Reuters March 19, 2023

    (Reuters) – Singapore’s central bank said Credit Suisse Group would continue operating in the city-state without any curbs, adding that it expected no impact of the Swiss bank’s takeover by …

  • Business News

    UBS’s Credit Suisse deal was the best solution says Swiss gov’t 

    by Reuters March 19, 2023
    by Reuters March 19, 2023

    (Reuters) – Swiss Finance Minister Karin Keller-Sutter was determined to present the deal for UBS to buy Credit Suisse as no bailout but the best possible solution to a difficult …

  • Business News

    Marketmind: UBS-Credit Suisse deal sealed. Is it enough?

    by Reuters March 19, 2023
    by Reuters March 19, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Buckle up. Asian markets are set for a volatile open on Monday after …

  • Business News

    Bank of England welcomes Credit Suisse deal, says UK banks are safe

    by Reuters March 19, 2023
    by Reuters March 19, 2023

    LONDON (Reuters) – The Bank of England welcomed moves by the Swiss authorities to broker a take-over by UBS of Credit Suisse on Sunday, indicating it would support approval of …

  • Business News

    UBS offers to buy Credit Suisse for up to $1 billion – FT

    by Reuters March 19, 2023
    by Reuters March 19, 2023

    (Reuters) – UBS Group AG has offered to buy Credit Suisse for up to $1 billion, with the Swiss government planning to change the country’s laws to bypass a shareholder …

  • Business News

    UBS, regulators race to seal Credit Suisse deal as soon as Saturday – FT

    by Reuters March 18, 2023
    by Reuters March 18, 2023

    (Reuters) – The Swiss National Bank and Swiss regulator FINMA have told their international counterparts they regard a deal with UBS Group as the only way to prevent a collapse …

  • Business News

    UBS seeks Swiss backstop in any Credit Suisse deal – Bloomberg News

    by Reuters March 18, 2023
    by Reuters March 18, 2023

    (Reuters) – UBS Group AG is asking the Swiss government for a backstop if it were to buy Credit Suisse Group AG, Bloomberg News reported on Saturday. UBS is discussing …

  • Business News

    Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis

    by Reuters March 18, 2023
    by Reuters March 18, 2023

    LONDON (Reuters) – Goldman Sachs has cut its recommendation on exposure to European bank debt to neutral from overweight, saying a lack of clarity on Credit Suisse’s future path would …

  • Business News

    BlackRock says not participating in any plans to acquire Credit Suisse

    by Reuters March 18, 2023
    by Reuters March 18, 2023

    LONDON (Reuters) – BlackRock said on Saturday it had no plans or interest to acquire embattled Swiss lender Credit Suisse, a spokesperson for the U.S. asset manager said. “BlackRock is …

  • Business News

    UBS in talks to acquire Credit Suisse -FT

    by Reuters March 17, 2023
    by Reuters March 17, 2023

    (Reuters) -Banking giant UBS is in discussions to take over all or parts of Credit Suisse, with the boards of Switzerland’s two biggest lenders set to meet separately over the …

  • Business News

    Swiss lawmakers tell Credit Suisse to clean up its act, seek to ringfence crisis

    by Reuters March 17, 2023
    by Reuters March 17, 2023

    By Alexandra Hudson and Tom Sims ZURICH (Reuters) – Swiss lawmakers on Friday vowed to bring those responsible for Credit Suisse’s problems to account and urged it to clean up …

  • Business News

    Credit Suisse sees central bank cash as buying time for overhaul- executive tells SRF

    by Reuters March 17, 2023
    by Reuters March 17, 2023

    ZURICH (Reuters) – Credit Suisse sees its access to 50 billion Swiss francs ($53.98 billion) of central bank funding as “precautionary liquidity” to allow the embattled lender to continue its …

  • Business News

    S&P Global Ratings: no direct threat to Latam financial system from SVB, Credit Suisse

    by Reuters March 16, 2023
    by Reuters March 16, 2023

    LONDON (Reuters) – The collapse of Silicon Valley Bank last week and the turmoil around Credit Suisse do not pose a direct threat to Latin America’s financial system, S&P Global …

  • Business News

    Credit Suisse CEO said bank’s liquidity basis is “very very strong”

    by Reuters March 16, 2023
    by Reuters March 16, 2023

    (Corrects the source of the interview in first paragraph) ZURICH (Reuters) – Credit Suisse Chief Executive Ulrich Koerner spoke of the strength of the Swiss lender’s liquidity basis in an …

  • Business News

    Taiwanese financial sector has low exposure to Credit Suisse -regulator

    by Reuters March 16, 2023
    by Reuters March 16, 2023

    TAIPEI (Reuters) – The Taiwanese financial sector’s exposure to Credit Suisse is low and “controllable”, the island’s financial regulator said on Thursday. Taiwanese insurers – large investors on global bond …

  • Business News

    Swiss National Bank confirms that it will provide liquidity to Credit Suisse

    by Reuters March 16, 2023
    by Reuters March 16, 2023

    ZURICH (Reuters) – The Swiss National Bank confirmed on Thursday that it will provide liquidity to Credit Suisse against sufficient collateral. “Within the framework of its statutory mandate, the SNB …

  • Business News

    How Credit Suisse has evolved over 167 years

    by Reuters March 16, 2023
    by Reuters March 16, 2023

    ZURICH (Reuters) – Credit Suisse is to borrow up to $54 billion from the Swiss central bank to bolster liquidity and reassure investors after its shares slumped on fears of …

  • Business News

    Japan bank lobby chief sees no signs of contagion from Credit Suisse woes

    by Reuters March 16, 2023
    by Reuters March 16, 2023

    By Makiko Yamazaki TOKYO (Reuters) – The head of Japan’s banking lobby said on Thursday that there are no signs at the moment of the Japanese financial system being affected …

  • Business News

    Jefferies sees softer impact of Credit Suisse crisis on India

    by Reuters March 16, 2023
    by Reuters March 16, 2023

    (Reuters) – India’s banking sector will likely have a softer impact from the troubles at Credit Suisse, given the Swiss lender’s relatively small presence in the country, equity analysts at …

  • Business News

    Credit Suisse plunge sends traders flocking to its U.S-listed options

    by Reuters March 15, 2023
    by Reuters March 15, 2023

    By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders piled into U.S.-listed options on Credit Suisse at a record pace on Wednesday, as worries over the future of the embattled …

  • Business News

    Swiss government holds talks on options to stabilize Credit Suisse – Bloomberg News

    by Reuters March 15, 2023
    by Reuters March 15, 2023

    (Reuters) – Swiss authorities and Credit Suisse Group AG are discussing ways to stabilize the bank, Bloomberg reported on Wednesday, citing people familiar with the matter. Credit Suisse leaders and …

  • Business News

    Credit Suisse executive board will not receive a bonus for 2022

    by Reuters March 14, 2023
    by Reuters March 14, 2023

    ZURICH (Reuters) – Credit Suisse group’s executive board took home 32.2 million Swiss francs ($35.27 million) in fixed compensation while collectively forgoing a bonus for the first time in more …

  • Business News

    Credit Suisse shares hit new all-time low as banks hit by U.S. fallout

    by Reuters March 10, 2023
    by Reuters March 10, 2023

    ZURICH (Reuters) -Credit Suisse shares hit a new all-time low in early trading on Friday as the European banking sector suffered the fallout from a sharp sell-off in U.S. financial …

  • Business News

    Exclusive-Credit Suisse regulatory compliance head leaving as part of wider overhaul -sources

    by Reuters March 9, 2023
    by Reuters March 9, 2023

    By Stefania Spezzati LONDON (Reuters) – Credit Suisse’s head of regulatory compliance, Julian Gooding, is leaving Switzerland’s second-biggest bank as part of a sweeping overhaul involving thousands of job cuts, …

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