Commentary: Credit Suisse, Silicon Valley Bank, FTX are reminders that risk and compliance shouldn’t be seen as a choreCredit Suisse shares lost a quarter of their value in the last week. The bank was forced to tap US$54 billion in central bank funding as it tries to recover from a string of scandals that have undermined the confidence of investors and clients.
SVB and Signature's collapses are the largest bank failures in US history behind the demise of Washington Mutual during the global financial crisis in 2008. US Senator Elizabeth Warren, who is pushing tighter banking regulation, has called for an investigation into the two failures, the Wall Street Journal reported.
US banks have sought a record US$153 billion in emergency liquidity from the Federal Reserve in recent days andalong with at least one other suitor, while the mid-size Bank Coalition of America asked regulators to extend federal insurance to all deposits for the next two years, Bloomberg reported.
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Credit Suisse meets to weigh options, under pressure to merge with UBSCredit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank as regulators urged it to pursue a deal with Swiss rival UBS AG. Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess strategic scena
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Credit Suisse meets to weigh options, under pressure to merge with UBSCredit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank as regulators urged it to pursue a deal with Swiss rival UBS AG. Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess strategic scen
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
UBS seeks US$6 billion in government guarantees for Credit Suisse takeoverUBS AG is asking the Swiss government to cover about US$6 billion in costs if it were to buy Credit Suisse, a person with knowledge of the talks said, as the two sides raced to hammer together a deal to restore confidence in the ailing Swiss bank. The 167-year-old Credit Suisse is the biggest name ensnared
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UBS and Credit Suisse: Similar Swiss banks with differing fortunesZURICH: UBS and Credit Suisse, the two biggest banks in Switzerland, are in takeover talks, according to several media reports – a move long deemed unthinkable as the pair are so similar.
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Exclusive-Some Credit Suisse counterparties put curbs on new dealings involving lender -sources:At least four major banks, including Societe Generale SA and Deutsche Bank AG, have put restrictions on their trades involving Credit Suisse Group AG or its securities, according to five sources with direct knowledge of the matter.Credit Suisse declined to comment. The bank has previously said that it is a
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive-Some Credit Suisse counterparties put curbs on new dealings involving lender -sourcesAt least four major banks, including Societe Generale SA and Deutsche Bank AG, have put restrictions on their trades involving Credit Suisse Group AG or its securities, according to five sources with direct knowledge of the matter.Credit Suisse did not immediately respond to requests for comment. The ban
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »