UBS Group AG is in talks to buy all or parts of Credit Suisse Group AG, with their boards meeting separately over the weekend to consider the move, the Financial Times reported late Friday.
American... UBS Group AG is in talks to buy all or parts of Credit Suisse Group AG, with their boards meeting separately over the weekend to consider the move, the Financial Times reported late Friday. American depositary receipts of Credit Suisse CS skyrocketed more than 7% in the extended session Friday, after ending the regular trading day down 7%.
I wonder if anyone trusts the swiss banking sector anymore. its ironic how the new generation swiss bankers destroyed all the trust that have been built for decades by the swiss ancients
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UBS, Credit Suisse oppose idea of forced merger, Bloomberg News reportsUBS Group AG and Credit Suisse Group AG are opposed to a forced merger, Bloomberg News reported on Thursday, citing people with knowledge of the matter. Tough titty!! Maybe you shouldn’t have taken such risks with peoples money like your playing monopoly and spunking it on your big bonuses and salaries whilst the rest are expected to bail you out ! Debit Suisse was quick to ban Adani bonds only a few weeks ago.. Karma is really a b!th! Everyone should oppose a bigger bank!
Source: Reuters - 🏆 2. / 97 Read more »
DBRS Morningstar cuts Credit Suisse credit rating to 'BBB'DBRS Morningstar became the first global rating agency to cut Credit Suisse's credit score on Thursday, less than a day after a major share price plunge saw Switzerland's central bank provide emergency support to the lender.
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Credit Suisse group takes steps to improve liquidityCredit Suisse group takes steps to improve liquidity Credit Suisse is to buyback up to 3bln Swiss Francs of OPCO senior debt securities. Credit Suisse
Source: FXStreetNews - 🏆 14. / 72 Read more »
What Just Happened at Credit Suisse? - The Journal. - WSJ PodcastsAs fears about the health of global banks spread from the U.S. to Europe, the bank Credit Suisse said it would tap a more than $50 billion loan from the Swiss National Bank. WSJ’s Margot Patrick explains how Credit Suisse became a cause for concern. Further Reading: - Credit Suisse Stock Price Jumps as Bank Secures $50 Billion Lifeline - Credit Suisse Promises Overhaul in Wake of Rout as Regulators Offer Lifeline - Janet Yellen Says Banking System Is Healthy After SVB Collapse Further Listening: - Can the Government Contain a Banking Crisis? - The Economy Is Too Hot for the Fed
Source: WSJ - 🏆 98. / 63 Read more »
Swiss government holds talks on options to stabilize Credit Suisse - Bloomberg NewsSwiss authorities and Credit Suisse Group AG are discussing ways to stabilize the bank, Bloomberg reported on Wednesday, citing people familiar with the matter. Let them fail. That’s what you get for laying down with dogs. Van a alargar la caida libre jajajajaja Let it fail. Bring back capitalism.
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Bank of England in emergency talks as Credit Suisse crisis deepens – The TelegraphThe Bank of England was holding emergency talks with international counterparts last night amid rising concerns as the crisis deepens in Swiss bank Cr
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