Cost of insuring Credit Suisse debt dwarfs that of other banks
The price of Swiss lender’s credit default swaps climbs to record high this week
| Date: | Mar. 18, 2023 8:00 AM ET |
| Link: | More at "Financial Times" |
| Source: | UK homepage - ft.com |
| Category: | Business |
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Credit Suisse fallout threatens to halt issuance of risky bank debt
Some of Asia’s largest lenders may pause sales of additional tier 1 bonds after $17bn wipeout at Swiss bank
Mar. 22, 2023 - UK homepage - Business -
Deutsche Bank shares slide 11% after sudden spike in the cost of insuring against its default
Deutsche Bank shares fell 11% on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe's banks persisted.
Mar. 24, 2023 - US Top News and Analysis - Business -
Additional tier 1 bonds: the wiped-out debt at centre of Credit Suisse takeover
Controversy around decision has rippled across the wider $260bn AT1 market
Mar. 20, 2023 - UK homepage - Business -
Credit Suisse bondholders in uproar over $17bn debt wipeout
ECB raises concerns shareholders were prioritised over investors holding additional tier 1 debt
Mar. 20, 2023 - UK homepage - Business -
Colm Kelleher: Irish banking veteran overseeing Credit Suisse takeover
UBS chair pivotal to biggest banking deal since 2008
21 hours ago - UK homepage - Business -
Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years
The bank notoriously pleaded guilty in 2014 to criminal charges for "knowingly and willfully" helping U.S. clients hide offshore assets and income from the IRS.
Mar. 29, 2023 - US Top News and Analysis - Business -
Credit Suisse sale ‘forever impairs’ ability of banks to issue AT1s, investors warn
Additional tier 1 bond market faces ‘risk premium repricing’ in wake of Swiss bank’s debt being written down ahead of equity
Mar. 29, 2023 - UK homepage - Business -
Saudi National Bank chair resigns after Credit Suisse comments
Ammar Al Khudairy’s remarks about Swiss lender spurred investor panic that led to emergency takeoverThe chair of the Saudi National Bank has resigned for “personal reasons” less than two weeks after his comments spurred investor panic over Credit ...
Mar. 27, 2023 - The Guardian - World -
Saudi National Bank chair resigns after Credit Suisse storm
The chairman of Saudi National Bank has resigned for “personal reasons” after his comments on Credit Suisse sent that firm’s stock cratering
Mar. 27, 2023 - ABC News: International - World -
Chairman of Saudi National Bank, who sparked turmoil for Credit Suisse, resigns
Ammar Al Khudairy, the chairman of Saudi National Bank , has resigned and will be replaced by the bank's chief executive officer, Saeed Mohammed Al Ghamdi.
Mar. 27, 2023 - MarketWatch.com - Top Stories - Business -
Saudi National Bank chair resigns following Credit Suisse comments
Swiss lender’s shares fell this month after Ammar Alkhudairy’s remarks
Mar. 27, 2023 - UK homepage - Business -
Saudi National Bank chair resigns just days after Credit Suisse comments sparked sell-off
Al-Khudairy's resignation comes days after his comments fueled investor panic and contributed to a selloff in the shares of embattled lender Credit Suisse.
Mar. 27, 2023 - US Top News and Analysis - Business -
Majority of Swiss want new UBS-Credit Suisse mega bank split up
Results of poll add momentum to calls for a review of the forced merger and for the clawing back of bonuses
Mar. 24, 2023 - UK homepage - Business -
Majority of Swiss want new UBS-Credit Suisse mega bank split up
Results of poll add momentum to calls for a review of the forced merger and for the clawing back of bonuses
Mar. 24, 2023 - World - World -
Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads
Central banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe's banks.
Mar. 24, 2023 - US Top News and Analysis - Business -
Deutsche Bank is no Credit Suisse, despite investors’ fears | Nils Pratley
German lender’s shares were hit by general loss of confidence, not by any specific failingsIt’s rarely a good sign when politicians, in the middle of a crash in the share price of their country’s biggest financial institution, declare there’s ...
Mar. 24, 2023 - The Guardian - World -
Credit Suisse: the rise and fall of the bank that built modern Switzerland
How a national institution grew from local roots to a global force before a series of scandals sparked its fall from grace
Mar. 24, 2023 - UK homepage - Business -
Credit Suisse: the bank that built modern Switzerland
How a national institution grew from local roots to a global force before a series of scandals sparked its fall from grace
Mar. 24, 2023 - World - World -
Credit Suisse’s fate casts a shadow over the European banking sector
American and Asian rivals could benefit from the uncertainty created by way holders of AT1 bonds have been treated
Mar. 23, 2023 - UK homepage - Business -
Credit Suisse deal halted crisis, Swiss national bank says
The Swiss central bank has hiked its key interest rate and declared that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil
Mar. 23, 2023 - ABC News: International - World -
Credit Suisse deal halted crisis, Swiss national bank says
The Swiss central bank has hiked its key interest rate and declared that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil
Mar. 23, 2023 - ABC News: Top Stories - Top stories -
Swiss central bank hikes interest rates by 50 basis points despite Credit Suisse turmoil
The Swiss central bank has increased rates by 50 basis points, taking its policy rate to 1.5%.
Mar. 23, 2023 - US Top News and Analysis - Business -
Saudi National Bank loses over $1 billion on Credit Suisse investment
Credit Suisse's largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.
Mar. 20, 2023 - US Top News and Analysis - Business -
UK and US shares climb as banks and ministers aim to calm Credit Suisse fears
FTSE 100 rises and European banking shares are up after early jitters over what UBS takeover deal means for bondholdersWhat are AT1 bank bonds – and why are Credit Suisse’s wiped out?First Republic’s shares drop after downgraded credit ratingNils ...
Mar. 20, 2023 - The Guardian - World - United Kingdom -
‘Credit Suisse is part of our history’: shocked nation digests bank’s collapse
Inquest begins into how a lender regarded as a national institution could fall so fast
Mar. 20, 2023 - UK homepage - Business