Battered shares in crisis-hit Credit Suisse no longer meet criteria for listing on the New York Stock Exchange, the bank said Wednesday, adding that its upcoming sale to UBS would resolve the issue...
Tag - Credit Suisse
The failure of banking giant Credit Suisse and its emergency takeover does not mean the downfall of Switzerland, President Alain Berset said Tuesday, insisting bankruptcy would have had disastrous...
Credit Suisse chairman Axel Lehmann said Tuesday he was “truly sorry” that the beleaguered bank could not be saved as he faced angry and tearful shareholders whose money has gone up in...
Embattled Swiss banking giant Credit Suisse has failed to disclose more than $700 million in previously undeclared accounts since 2014, in violation of a plea deal with the US Department of Justice...
Gold topped $2,000 per ounce for the time in more than a year Monday on haven demand as investors fretted over global bank fears despite the buyout of Credit Suisse. The precious metal, seen as a...
Shares in European banks sank on Monday despite a buyout of Credit Suisse by Swiss lender UBS aimed at preventing a global banking crisis. The sector’s Stoxx Europe 600 Banks index was down...
UBS share price plunged on Monday as a deal to take over its troubled Swiss rival Credit Suisse for $3.25 billion failed to calm stock market nerves. The buyout, in which Switzerland’s biggest...
UBS will take over its troubled Swiss rival Credit Suisse for $3.25 billion following crunch talks Sunday aimed at stopping the stricken bank from triggering a wider international banking crisis. The...
Credit Suisse shares dove again on Friday, closing eight percent down on the Swiss stock exchange despite having been handed a lifeline by Switzerland’s central bank with a $54 billion loan...
Credit Suisse shares surged more than 30 percent Thursday after announcing it would borrow up to $53.7 billion from the Swiss central bank following a market drubbing over fears of a global banking...
The Swiss central bank said on Wednesday that capital and liquidity levels at embattled Credit Suisse were adequate but stressed it was ready to make liquidity available to the institution if needed...
Credit Suisse shares plunged over 30 percent to new record lows Wednesday after its main shareholder said it would not provide more financial assistance to the embattled Swiss banking giant. At 1312...
Credit Suisse shares nosedived Wednesday after its main shareholder said it would not provide more funding, with reassuring comments from the Swiss bank’s chairman unable to calm the market...
Credit Suisse acknowledged Tuesday “material weaknesses” in its internal controls as the scandal-hit Swiss bank released its annual report, which was delayed following queries from US...
Credit Suisse, considered by investors as “the weakest link” in Swiss banking, saw its share price plunge Monday as markets were lashed by fears surrounding the collapse of US lender SVB...
