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

Credit Suisse News Credit Suisse reveals results of last financial quarter before rescue - BBC News. Collapsed banking giant Credit Suisse has revealed the scale of the bank run that triggered its state-backed rescue in March. Between January and March almost $69bn (£55bn) was withdrawn, with the bank making a pre-tax loss of nearly $1.5bn (£1.2bn) in the same three-month period. Its forced sale to rival Swiss bank UBS is expected to be completed soon. Please subscribe here: ....

Credit Suisse: What is happening to the Swiss banking giant - BBC News

Shares in Credit Suisse have plunged to a record low, in the wake of last week's collapse of Silicon Valley Bank in the US. The Swiss bank - which has been beset by problems - saw its share price fall by as much as 30% at one point. Credit Suisse insists its financial position is not a concern. Investors are concerned about the state of the troubled banking giant and have already been...

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...

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: ...

Cutthroat rivalry: Credit Suisse employees face the axe | Latest News | WION | World Business Watch

The sun seems to be setting on Credit Suisse's legacy. Reports suggest the once mighty investment bank is now facing its final days as UBS takes the reins in a historic deal. The bustling streets of new york, once filled with the dreams of credit suisse employees, are now shadowed by uncertainty as UBS begins the task of layoffs. #suisse #bank #ubs About Channel: WION The World is One News...

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: ...

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...

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...

CDS Panel: Credit Suisse AT1 Wipeout Won't Prompt Payout

The Credit Derivatives Determinations Committee, a panel tasked with overseeing the credit default swaps market, has ruled that the write down of Credit Suisse Group AG's Additional Tier 1 notes will not trigger an insurance payout. Adam Haigh reports on Bloomberg Television. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: ...

UBS to make massive job cuts at Credit Suisse #shorts

UBS CEO Sergio Ermotti on Credit Suisse takeover: It allows us to compete better

UBS CEO Sergio Ermotti joins 'Squawk Box' to discuss the bank's takeover of its rival Credit Suisse, the state of the banking industry, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi » Subscribe to CNBC TV: cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and...

UBS to Dispose of Riskiest Credit Suisse Loans to Asian Clients

Bloomberg has learned that UBS Group AG is planning dispose billions of dollars in loans to Credit Suisse’s clients in the Asia Pacific region as the Swiss lender works to reduce risks from the defunct lender. Su Keenan reports on Bloomberg Television. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: bloomberg.com Connect...

Swiss parliament rejects Credit Suisse rescue package

Switzerland's parliament rejected a Credit Suisse rescue package that included $120.87 billion in financial guarantees in a largely symbolic vote as the government commitment, made using emergency law, cannot be overturned. #News #Reuters #newsfeed #creditsuisse #switzerland #ubs Subscribe: smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video...

Credit Suisse CEO Memo Signals UBS Deal to Close Monday

Credit Suisse Group AG Chief Executive Ulrich Koerner, in a memo circulated to employees on Friday, indicated that the bank's takeover by UBS Group AG will close on Monday. This is what is called a 'legal close.' Haidi Stroud-Watts and Shery Ahn reports on Bloomberg Television. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: ...

Switzerland Targets Credit Suisse Executives' Bonuses

The Swiss government is about to canceled or cut outstanding bonuses of top Credit Suisse Group AG executives following the state-backed takeover by UBS Group AG. Oliver Crook reports 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: ...