Market Extra: Here’s why UBS’s deal to buy Credit Suisse matters to U.S. investors
Financial markets will tell the story on Monday of whether UBS's more than $3 billion deal for Credit Suisse is enough to calm down at least one side of the Atlantic.
| Date: | Mar. 19, 2023 4:08 PM ET |
| Link: | More at "MarketWatch" |
| Source: | MarketWatch.com - Top Stories - marketwatch.com |
| Category: | Business |
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UBS Agrees to Buy Rival Credit Suisse to Shore Up Global Market
In a deal brokered by the Swiss government, Switzerland’s largest bank will buy its smaller rival for about $3.2 billion.
Mar. 19, 2023 - NYT > Top Stories - Top stories -
Market Extra: What are CoCos and why are Credit Suisse’s now worth zero?
Swiss regulator wrote down the value of Credit Suisse's CoCos to zero. Here's what you need to know.
Mar. 20, 2023 - MarketWatch.com - Top Stories - Business -
UBS to buy Credit Suisse for more than $3 billion in deal backed by Swiss government
Struggling Swiss banking giant Credit Suisse has agreed to be bought by its arch-rival UBS at a discount to Friday's close price, after seeing a wave of customer deposits exit the bank.
Mar. 19, 2023 - MarketWatch.com - Top Stories - Business -
Shares of Credit Suisse plunge 63%, UBS down 14% after news that UBS will buy Credit Suisse to stave off market turmoil
Shares of Credit Suisse plunge 63%, UBS down 14% after news that UBS will buy Credit Suisse to stave off market turmoil
Mar. 20, 2023 - ABC News: International - World -
Futures Movers: U.S. stock-market futures edge higher after historic deal to rescue Credit Suisse
Stock futures open modestly higher after UBS agrees to buy Credit Suisse in a historic deal brokered by regulators aiming to avert a deeper loss of confidence.
Mar. 19, 2023 - MarketWatch.com - Top Stories - Business -
UBS credit outlook revised to negative by S&P on concerns about risk in Credit Suisse deal
S&P Global Ratings said it expects the integration of large parts of Credit Suisse's investment banking activities to carry material execution risk.
Mar. 20, 2023 - MarketWatch.com - Top Stories - Business -
Credit Suisse shares slide after UBS buys it for $3.2 billion
"Only time will tell how this shotgun wedding is received," one analyst said of merger uniting the Swiss banks.
Mar. 20, 2023 - World - CBSNews.com - World -
Credit Suisse shares slide after UBS buys it for $3.2 billion
"Only time will tell how this shotgun wedding is received," one analyst said of merger uniting the Swiss banks.
Mar. 20, 2023 - Home - CBSNews.com - Top stories -
UBS is buying Credit Suisse in a bid to halt the banking crisis
Switzerland's biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed by the failure of two American banks earlier this month.
Mar. 20, 2023 - CNN.com - RSS Channel - HP Hero - Top stories -
UBS agrees to buy rival Credit Suisse
Swiss banking giant UBS has agreed to buy rival Credit Suisse for $3 billion. The deal, brokered by the Swiss government, is aimed at staving off fears of a broader banking collapse.
Mar. 19, 2023 - Home - CBSNews.com - Top stories -
UBS agrees to buy rival Credit Suisse
Swiss banking giant UBS has agreed to buy rival Credit Suisse for $3 billion. The deal, brokered by the Swiss government, is aimed at staving off fears of a broader banking collapse.
Mar. 19, 2023 - World - CBSNews.com - World -
UBS to buy Credit Suisse for nearly $3.25B to calm turmoil
Swiss President Alain Berset said banking giant UBS is acquiring its smaller rival Credit Suisse for almost $3.25 billion in an effort to avoid further market-shaking turmoil in global banking
Mar. 19, 2023 - ABC News: International - World -
UBS Agrees to Buy Credit Suisse for More Than $3 Billion
The deal was engineered by regulators and is designed to restore trust in the banking system.
Mar. 19, 2023 - WSJ.com: US Business - Business -
UBS agrees to buy banking rival Credit Suisse in emergency rescue
The floundering Credit Suisse bank is set to be acquired by its rival UBS, the largest bank in Switzerland, in an emergency purchase meant to stave off a wider crisis in the global banking system. The $3.2 billion takeover of Credit Suisse by UBS ...
Mar. 19, 2023 - Just In News | The Hill - Politics -
UBS offers to buy Credit Suisse for 'substantially' more than $1 billion, sources say
A sale to UBS comes after Credit Suisse shares logged their worst weekly decline since the onset of the coronavirus pandemic.
Mar. 19, 2023 - US Top News and Analysis - Business -
UBS reportedly offers to buy Credit Suisse for up to $1 billion
Swiss banking giant UBS on Sunday offered to buy its embattled rival Credit Suisse for up to $1 billion, according to the Financial Times, citing four people with direct knowledge of the situation.
Mar. 19, 2023 - NBC News Politics - Politics -
UBS agrees to buy Credit Suisse for more than $2bn
Swiss authorities engineer a deal that will combine the country’s two largest banks
Mar. 19, 2023 - World - World -
UBS agrees to buy Credit Suisse for more than $2bn
Swiss authorities engineer a deal that will combine the country’s two largest banks
Mar. 19, 2023 - UK homepage - Business -
UBS in discussions to buy Credit Suisse: report
UBS Group AG is in talks to buy all or parts of Credit Suisse, with their boards meeting separately over the weekend, the Financial Times reported late Friday.
Mar. 17, 2023 - MarketWatch.com - Top Stories - Business -
Market Extra: Credit Suisse bonds lead rout in bank, financial company debt
Concerns about the banking sector pressure bonds issued by banks and financial companies on Wednesday as investors monitor Credit Suisse woes.
Mar. 15, 2023 - MarketWatch.com - Top Stories - Business -
'Shotgun wedding': What the UBS rescue of Credit Suisse means for global markets
Despite bold proclamations about a return to stability, the sale of Credit Suisse to UBS does not appear to have laid to rest contagion concerns.
Mar. 20, 2023 - US Top News and Analysis - Business -
Credit Suisse: Why it's struggling and why that's a big deal
Credit Suisse, the 167-year-old bank and the second-largest lender in Switzerland, is in deep trouble.
Mar. 16, 2023 - CNN.com - RSS Channel - HP Hero - Top stories -
Stock Markets Wobble as Investors Eye Fallout From Credit Suisse Rescue
Markets wobbled as fears about the health of some banks, particularly First Republic, continued to cast a shadow over parts of the financial sector.
Mar. 20, 2023 - NYT > Top Stories - Top stories -
Global Markets Mixed as Investors Assess Credit Suisse Lifeline and Central Bank Moves
Stocks fell in Asia but rose in Europe, as fears persist about unseen risks.
Mar. 16, 2023 - NYT > Top Stories - Top stories -
UBS brings back Ermotti as CEO with Credit Suisse deal ahead
UBS says it’s bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated plan to take over struggling rival Credit Suisse
4 hours ago - ABC News: Top Stories - Top stories