MarketWatch: Braced for Monday: Markets and investors on edge as UBS moves closer to reported $1 billion all-share deal for Credit Suisse.
A Sunday report in the Financial Times said the offer price would be 0.25 Swiss francs a share, well below Credit Suisse's Friday closing price of 1.86 Swiss francs on Friday.
| Date: | Mar. 19, 2023 8:59 AM ET |
| Link: | More at "MarketWatch" |
| Source: | MarketWatch.com - Top Stories - marketwatch.com |
| Category: | Business |
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MarketWatch: UBS and regulators rush to seal Credit Suisse takeover deal possibly by Sunday: reports
Credit Suisse, UBS and their key regulators are working out a deal on the merger of Switzerland’s two biggest banks, according to reports on Saturday.
Mar. 18, 2023 - MarketWatch.com - Top Stories - Business -
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 -
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.
Mar. 19, 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 - Home - CBSNews.com - Top stories -
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 -
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 -
UBS shares reverse losses, Credit Suisse craters 55% after takeover deal
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.
Mar. 20, 2023 - US Top News and Analysis - Business -
Credit Suisse shares slump by two-thirds after UBS deal
Credit Suisse shares dropped as much as 65% in early trade after the Swiss bank agreed to be taken over by its rival UBS at a steep discount.
Mar. 20, 2023 - MarketWatch.com - Top Stories - Business -
UBS shares fall after Credit Suisse rescue deal
Analysts say the acquisition will distract the bank’s management and muddy its outlook
Mar. 20, 2023 - UK homepage - 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 -
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 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 -
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 -
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 -
'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 -
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 -
'A financial banana republic': UBS-Credit Suisse deal puts Switzerland's reputation on the line
The demise of banking giant Credit Suisse sent shock waves through financial markets and appears to have dealt a blow to Switzerland's reputation for stability.
Mar. 21, 2023 - US Top News and Analysis - Business -
Credit Suisse-UBS deal offers hope, but bank doubts persist
Credit Suisse shares have plunged after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price
Mar. 20, 2023 - ABC News: International - World -
Saudis, Qataris and Norway to see big losses on UBS deal for Credit Suisse
The Saudi National Bank is nursing big losses after Credit Suisse agreed to be taken over by UBS
Mar. 20, 2023 - MarketWatch.com - Top Stories - Business -
Asia's regulators say banking system is robust and stable after UBS-Credit Suisse takeover deal
From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.
Mar. 20, 2023 - US Top News and Analysis - Business -
UBS agrees $3.25bn rescue deal for rival Credit Suisse
Regulators engineer takeover of stricken bank by larger Swiss competitor after frantic weekend
Mar. 19, 2023 - UK homepage - Business -
UBS Nears Deal to Take Over Credit Suisse
The talks are part of an urgent effort engineered by Swiss and global authorities to restore trust in the banking system.
Mar. 19, 2023 - WSJ.com: US Business - 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