Result for Credit Suisse News Bloomberg - Communauté MCMS™. Sep 2023

Credit Suisse News Bloomberg Why the World Should Care About Credit Suisse’s Downfall. Switzerland’s secret bank accounts and political neutrality turned the small Alpine nation into a financial giant. Now the demise of Credit Suisse, one of its two big banks, has shaken global finance and created a megabank in UBS that comes with new and potentially bigger risks. Bloomberg journalists trace the history of Swiss banking and how the ramifications of the Credit Suisse crisis extend....

Credit Suisse’s Final Days: The Race to Avert a New Banking Crisis

The demise of Credit Suisse, one of Europe's most important banks, looked like it might spark a new financial crisis. After years of scandals involving cocaine smugglers and corporate espionage, the last week of the 166-year-old bank's history was a rush to prevent the worst-case scenario, and resulted in a multi-billion-dollar deal with UBS that no one really wanted. Bloomberg News and...

Credit Suisse Saw $69 Billion of Outflows in 1Q

Credit Suisse Group AG reported $69 billion of outflows in the first quarter and took a large writedown at its wealth management unit, underscoring the challenge for UBS Group AG in retaining key clients and assets after the emergency takeover. Manus Cranny reports on Bloomberg Television. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles...

UBS to Cut More Than Half of Credit Suisse Workforce

UBS Group AG is planning to cut more than half of Credit Suisse Group AG's workforce starting next month as a result of the bank's emergency takeover. Total job losses could add up to about 35,000. Bloomberg's Sonali Basak reports. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: bloomberg.com Connect with us on... Twitter: ...

US Steps Up Probe of UBS, Credit Suisse Sanction Breaches

The US Department of Justice has stepped up its probe into Credit Suisse Group and UBS Group AG over suspected compliance failures that allowed Russian clients to evade sanctions, according to people familiar with the situation. Bloomberg's Sonali Basak reports. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: bloomberg.com Connect...

Credit Suisse Latest: Ripple Effects of AT1 Wipeout

Swiss Authorities decided to fully write off AT1s of Credit Suisse Group AG as part of UBS Group AG's acquisition of the firm. Francine Lacqua examines the impact of the move on Bloomberg Television. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: bloomberg.com Connect with us on... Twitter: twitter.com/business Facebook: ...

Credit Suisse's Crisis

How a run of bad news took a 167-year-old institution known for Swiss stability to the brink. Here's a look at a history of crises at Credit Suisse. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: bloomberg.com Connect with us on... Twitter: twitter.com/business Facebook: facebook.com/bloombergbusiness Instagram: ...

Credit Suisse Deal Doesn't Solve Problem for Europe: Tchir

"I'm not in love with what happened in Switzerland today, says Peter Tchir, head of macro strategy at Academy Securities, as he discusses UBS Group AG's deal to purchase Credit Suisse Group AG on a special edition of "Bloomberg Surveillance." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: bloomberg.com Connect with us on... Twitter: ...

UBS CEO Ermotti Discusses Inflows, Credit Suisse

UBS Chief Executive Officer Sergio Ermotti discusses the Swiss lender's financial results, its takeover of Credit Suisse Group AG, and his strategy. UBS attracted $28 billion from wealthy clients in the months running up to the takeover. Ermotti speaks with Bloomberg's Manus Cranny in Zurich. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features,...

UBS Completes Credit Suisse Takeover

UBS Group AG completed the deal to acquire former rival Credit Suisse Group AG, sealing the biggest merger in banking since the 2008 financial crisis and creating a global wealth-management titan. Leonard Kehnscherper reports on Bloomberg Television. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: bloomberg.com Connect with...

Swiss Lower House Votes Against UBS-Credit Suisse Deal

Swiss parliament’s lower house on Tuesday voted against approving $120 billion in government guarantees for UBS Group AG’s takeover of Credit Suisse Group AG, in a symbolic show of popular and political discontent with the deal. Nabila Ahmed reports on Bloomberg Television. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: ...

Credit Suisse Fallout | Bloomberg Surveillance 03/20/2023

Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg Television and Radio. Investors digest the blockbuster deal of UBS buying Credit Suisse. -------- Follow...

Credit Suisse Buyers Went On Strike: Tom Keene

Tom Keene of Bloomberg Surveillance talks about the collapse of Credit Suisse and the data behind it. Subscribe and turn on notifications so you don't miss any of Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9 Visit bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Like this video? Subscribe to Bloomberg on YouTube: ...

Credit Suisse CEO on Inflows, Material Weakness

Credit Suisse CEO Ulrich Koerner says the bank saw "material good inflows" on Monday in the wake of the failure of Silicon Valley Bank and addresses "material weaknesses" in its reporting and control procedures for the past two years. He speaks with Francine Lacqua on "Bloomberg Surveillance." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and...

Credit Suisse AT1 Holder Losses Total $1 Billion in Japan

“Japan FSA is following up on how brokerages sold AT1 bonds,” says Tomoko Amaya, vice minister for international affairs at Japan Financial Services Agency. The firm is investigating the loss of about $1 billion to Japanese investors from Credit Suisse Group AG’s AT1 bonds that were written off when the Swiss bank was sold last month. She speaks on Bloomberg Television. -------- Follow...