A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, March 15, 2023. REUTERS/Denis Balibouse/File PhotoNEW YORK/LONDON, March 23 - Some bankers and traders are grappling with how to interact with Credit Suisse
That caution continued into this week. While most trading between banks is secured by collateral, one senior banker at a major bank in London said his bank had not resumed unsecured lending to Credit Suisse. A source familiar with the matter also said the bank is still underwriting deals across asset classes, including leveraged loans.
The cautious approach shows bankers are still wrestling with the after-effect of the UBS-Credit Suisse takeover, concerned about what impact that could have on certain areas of the markets along with bankng sector turmoil.to close the takeover within as little as a month, two sources with knowledge of the plans told Reuters on Thursday, to try to retain the lender's clients and employees.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse customers feel mix of anger, relief after saleGENEVA (AP) — Fury at top Credit Suisse managers. Lament over damage to Switzerland's image as a stable, reliable banking center. Relief that authorities stepped in to help protect deposits , but worry about keeping cash invested in a bank that failed to manage its own money adequately. Their angry that their bank got saved from collapse? This is bad news, now there is a crisis in multinational banks, until there is no effective solution, we must remain calm🫢 Credit Suisse has been engulfed in scandal for the last few years, and workers should not be surprised. Did they want the bank to collapse?
Source: AP - 🏆 728. / 51 Read more »
Credit Suisse hires Southeast Asia wealth vice chairmanCredit Suisse said on Thursday it has hired private banker Kwong Kin Mun as its new vice chairman for Southeast Asia wealth management.
Source: Reuters - 🏆 2. / 97 Read more »
Swiss regulator says central bank loan to Credit Suisse justified AT1 bond writedownThe country that had negative interest rates. What a joke. 🤣
Source: CNBC - 🏆 12. / 72 Read more »
Swiss central bank hikes interest rates by 50 basis points despite Credit Suisse turmoilThe Swiss central bank has increased rates by 50 basis points, taking its policy rate to 1.5%. This is the most stupid decision ever I heard , it is seems the regulators this days are isolating from the market , consumers and businesses . Powell will raise rates to 6% via 25 basis points . I have said this for months . The market has not priced it in , abd will be shell shocked as we get closer to the end of the year . I think they will be a big sell off at the end of the year Of course, it already gave 100 billion to UBS to take over CS To the banks billions, to the people more expensive credits
Source: CNBC - 🏆 12. / 72 Read more »
SNB’s Jordan: Taking a risk on a Credit Suisse bankruptcy would have been irresponsibleSwiss National Bank (SNB) Chairman Thomas Jordan is addressing a press conference after the central bank announced a 50 basis points (bps) rate hike,
Source: FXStreetNews - 🏆 14. / 72 Read more »
Breakingviews - Credit Suisse rescue sends shockwaves far and wide: podcastThe ailing Swiss lender was saved by UBS with a $3 bln takeover. In this Viewsroom podcast, Breakingviews columnists debate why the deal pushes up bank funding costs, how the new mega-lender affects Switzerland’s financial system, and why bank deposits are becoming less reliable. They could have secure the depositors and let the bank fail My knowledge on the Swiss economy is limited, but the central bank offering a support package at the size of 1/3 of its GDP is scary for any country. But u have to give it to the Swiss. They might have stopped a new global economic crisis. Adeus... minha prisao se tornou ilegal nodia do meu aniversario... falei Sao Sebastião no dia... Falando com Gabriela... acabou tudo.
Source: Reuters - 🏆 2. / 97 Read more »