Credit Suisse: Bank rescue damages Switzerland's reputation for stability
Beset by scandals and crisis, many people are questioning how a totemic bank ended up beyond repair.
| Date: | Mar. 19, 2023 4:58 PM ET |
| Link: | More at "BBC" |
| Source: | BBC News - Home - bbc.com |
| Category: | Top stories |
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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 -
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 -
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 -
Switzerland bans deferred bonuses for Credit Suisse staff
Finance ministry halts awards as demoralised bankers say ‘we thought it couldn’t get any worse’
Mar. 21, 2023 - UK homepage - Business -
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
Mar. 18, 2023 - UK homepage - Business -
Too big for Switzerland? Credit Suisse rescue creates bank twice the size of the economy
The last-minute rescue of Credit Suisse may have prevented the current banking crisis from exploding, but it's a raw deal for Switzerland.
Mar. 24, 2023 - CNN.com - RSS Channel - HP Hero - Top stories -
'Call of duty': With Sergio Ermotti, Switzerland gets a cost-cutting local to restore its reputation
New UBS CEO Sergio Ermotti on Wednesday said his return to the helm was "a call of duty," as the Swiss veteran takes on the task of restoring order to the country's bruised financial system.
11 hours ago - US Top News and Analysis - Business -
UBS brings back Sergio Ermotti as CEO after Credit Suisse rescue
UBS is bringing back its former chief executive, Sergio Ermotti, effective April 5.
8 hours ago - CNN.com - RSS Channel - HP Hero - Top stories -
Karin Keller-Sutter: the finance minister behind the rescue of Credit Suisse
Former interpreter faces fallout after helping to engineer the takeover of Swiss banking institution
Mar. 24, 2023 - World - World -
Karin Keller-Sutter: the finance minister behind the rescue of Credit Suisse
Former interpreter faces fallout after helping to engineer the takeover of Swiss banking institution
Mar. 24, 2023 - UK homepage - Business -
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 -
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 -
'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 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 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 -
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 -
Hedge Funds That Bet on Credit Suisse Rescue Face Uneven Results
Among the funds to bet on the rescue deal were two that specialize in buying the bonds of companies on the brink of bankruptcy.
Mar. 19, 2023 - NYT > Top Stories - Top stories -
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 -
It Wasn't Just Credit Suisse. Switzerland Itself Needed Rescuing.
Crisis threatened an economic model and national identity built on safeguarding the world’s wealth.
Mar. 22, 2023 - WSJ.com: US Business - Business -
Bank stocks tumble amid banking fallout, Credit Suisse falls 26%
Shares of Credit Suisse fell more than 26% in early trading on Wednesday amid fallout from Silicon Valley Bank collapse.
Mar. 15, 2023 - ABC News: Top Stories - Top stories -
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.
4 hours ago - 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
18 hours ago - 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