Former Credit Suisse APAC asset management head exiting UBS – sources
By Selena Li and Xie Yu HONG KONG (Reuters) – Former asset management head of Credit Suisse in Asia Pacific, Min Huang, is leaving UBS as the bank embarks on reviewing its…
Bank of England welcomes Credit Suisse deal, says UK banks are safe
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 the deal,…
UBS offers to buy Credit Suisse for up to $1 billion – FT
(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 vote on…
UBS, regulators race to seal Credit Suisse deal as soon as Saturday – FT
(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 in confidence…
UBS seeks Swiss backstop in any Credit Suisse deal – Bloomberg News
(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 scenarios in…
Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis
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 put pressure…
BlackRock says not participating in any plans to acquire Credit Suisse
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 not participating…
UBS in talks to acquire Credit Suisse -FT
(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 weekend, the…
Swiss lawmakers tell Credit Suisse to clean up its act, seek to ringfence crisis
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 its act…
Credit Suisse sees central bank cash as buying time for overhaul- executive tells SRF
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 revamp, the…
S&P Global Ratings: no direct threat to Latam financial system from SVB, Credit Suisse
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 Ratings said…
Credit Suisse CEO said bank’s liquidity basis is “very very strong”
(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 interview with…
Taiwanese financial sector has low exposure to Credit Suisse -regulator
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 markets –…
Swiss National Bank confirms that it will provide liquidity to Credit Suisse
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 may provide…
How Credit Suisse has evolved over 167 years
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 contagion from…
Japan bank lobby chief sees no signs of contagion from Credit Suisse woes
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 by a…
Jefferies sees softer impact of Credit Suisse crisis on India
(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 Jefferies said…
Credit Suisse plunge sends traders flocking to its U.S-listed options
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 Swiss bank…
Swiss government holds talks on options to stabilize Credit Suisse – Bloomberg News
(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 government officials…
Credit Suisse executive board will not receive a bonus for 2022
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 than 15…
Credit Suisse shares hit new all-time low as banks hit by U.S. fallout
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 stocks. The…
Exclusive-Credit Suisse regulatory compliance head leaving as part of wider overhaul -sources
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, people with…
Credit Suisse obtains key approval to launch wealth business in China
By Selena Li HONG KONG (Reuters) – Credit Suisse has received regulatory green light from China after years of waiting to launch a full-fledged wealth management business in the world’s second-biggest economy,…
Credit Suisse Singapore CEO to leave in latest banker exit at firm
SINGAPORE (Reuters) – Credit Suisse Singapore chief executive officer, Chien Chien Wong, is leaving to pursue outside interests, according to a memo seen by Reuters, in the latest senior banker departure from…
Exclusive-Credit Suisse markets CSFB as ‘super boutique’, sees revenue rebound
By Paritosh Bansal (Reuters) – Credit Suisse Group AG is marketing its First Boston investment banking unit to investors as a “super boutique” and sees revenue surging to as much as $3.5…
Credit Suisse sees money returning to the bank -CEO
ZURICH (Reuters) -Credit Suisse is seeing a reversal of outflows, CEO Ulrich Koerner said in an interview with CNBC in Davos on Wednesday. “Outflows have reduced very significantly and we are seeing…
Breaking News
