Switzerland prepares emergency measures to deliver UBS takeover of Credit Suisse
Daily deposit outflows at troubled Swiss bank topped SFr10bn last week as fears for its health mounted
| Date: | Mar. 18, 2023 5:02 PM ET |
| Link: | More at "Financial Times" |
| Source: | UK homepage - ft.com |
| Category: | Business |
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'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 -
What the takeover of Credit Suisse means for UBS
Swiss banking group has plans for each unit of its defunct rival
Mar. 22, 2023 - World - World -
What the takeover of Credit Suisse means for UBS
Swiss banking group has plans for each unit of its defunct rival
Mar. 22, 2023 - UK homepage - Business -
Thousands of UK jobs at risk after UBS takeover of Credit Suisse
Investment banking roles expected to be worst hit at Credit Suisse in LondonThe fate of thousands of jobs in London’s financial district is in doubt after the emergency merger of Swiss banks UBS and Credit Suisse.As concerns over the scale of job ...
Mar. 21, 2023 - The Guardian - World - United kingdom -
Tens of thousands of jobs at risk after UBS takeover of Credit Suisse
Domestic Swiss business and investment bank set to bear brunt of cuts
Mar. 21, 2023 - UK homepage - 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 -
Financial News: Anger and tears from shocked Credit Suisse staff after historic UBS takeover
For Credit Suisse's 50,000 employees, many questions remain.
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 -
Holders of $17bn of Credit Suisse bonds wiped out under UBS takeover
Value of risky additional tier one debt written down to zero in move that is expected to jolt markets
Mar. 19, 2023 - UK homepage - Business -
UBS agrees to takeover of stricken Credit Suisse for $3.25bn
Swiss government forces through takeover at well below market value amid fears of global banking crisisMillions paid in bonuses to UK SVB staff days after £1 rescueBank runs, bailouts, rescues: are the ghosts of 2008 rising again?The Swiss ...
Mar. 19, 2023 - The Guardian - World -
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 agrees 'emergency rescue' of Credit Suisse
The deal, backed by the Swiss government, follows weekend talks aimed at preventing its collapse.
Mar. 20, 2023 - BBC News - Home - Top stories -
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 -
BlackRock denies report that it's preparing a takeover bid for Credit Suisse
"BlackRock is not participating in any plans to acquire all or any part of Credit Suisse, and has no interest in doing so," a company spokesperson told CNBC.
Mar. 18, 2023 - US Top News and Analysis - 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 -
The Lex Newsletter: UBS overlap will hit Credit Suisse staff hard in Asia
New owner of struggling Swiss bank is expected to cut jobs more heavily in the region than elsewhere
Mar. 22, 2023 - World - World -
How the Swiss ‘trinity’ forced UBS to save Credit Suisse
The takeover of its local rival could end up being a generational boon for UBS. But the government-orchestrated deal has angered many investors
Mar. 20, 2023 - UK homepage - Business -
Swiss under fire for shotgun marriage of Credit Suisse and UBS
Bondholders and international regulators criticise state decision to prioritise shareholders amid threat of legal action
Mar. 20, 2023 - UK homepage - 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 -
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 -
Credit Suisse promises to pay bonuses to staff despite UBS rescue
Swiss bank had SFr360mn of contingent capital awards outstanding at the end of 2022
Mar. 20, 2023 - UK homepage - Business -
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 -
UBS agrees to take over Credit Suisse amid Silicon Valley Bank fallout
Swiss banking giant UBS agreed to buy rival Credit Suisse for roughly 3 billion dollars, in a deal brokered by the Swiss Government. The announcement comes as new details emerge about the collapse of Silicon Valley Bank. Ed O'Keefe reports.
Mar. 20, 2023 - Home - CBSNews.com - Top stories