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Credit Suisse
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UBS completes Credit Suisse takeover to become wealth management behemoth
UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of $1.6 trillion and greater muscle in wealth management.
UBS to take over Credit Suisse, assume up to 5B Swiss francs in losses
UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking.
Credit Suisse secures $54B lifeline as authorities rush to prevent global bank crisis
Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up its liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis.
March 15, 2023 | 07:47 pm PT
Goldman, JPMorgan unwind Russia business, EU banks disclose more exposures
Goldman Sachs Group Inc and JPMorgan Chase became the first U.S. banks to wind down business in Russia after it attacked Ukraine.
March 10, 2022 | 07:15 pm PT
Global market wrap up: Asia shares bounce on bright earnings, yen bruised
Asian stocks pulled away from eight-week lows on Wednesday, a day after solid corporate earnings sparked a rally in global equities while the yen struggled amid intervention warnings from Tokyo in the wake of the currency's rapid rise.
May 10, 2016 | 05:22 pm PT
Pandora and Credit Suisse help European shares to advance
European shares advanced on Tuesday, with Danish jewellery maker Pandora surging after strong results and Swiss bank Credit Suisse gaining following its smaller than expected first quarter loss.
May 9, 2016 | 11:47 pm PT