credit suisse

UBS has Swiss mountain to climb with Credit Suisse

By Tomasz Janowski, Oliver Hirt and John Revill ZURICH, June 12 (Reuters) - With its Credit Suisse takeover officially wrapped up, UBS must now make good on its promise that…

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UBS completes Credit Suisse takeover to become wealth management behemoth

By Noele Illien ZURICH, June 12 (Reuters) - UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse , creating a giant Swiss bank…

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Swiss parliament greenlights investigation into Credit Suisse crash

ZURICH, June 8 (Reuters) - Switzerland's parliament has formally agreed to establish a parliamentary commission (PUK) to look into Credit Suisse's collapse and rescue in a deal engineered by Swiss…

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UBS: takeover of Credit Suisse to close as early as June 12

By John Revill ZURICH, June 5 (Reuters) - UBS UBSG.S said on Monday it will complete its takeover of Credit Suisse CSGN.S "as early as June 12", creating a giant…

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Credit Suisse rescue package rejected by Swiss parliament

By Noele Illien BERN, (Reuters) - Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's…

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Swiss parliament meets for a second day over Credit Suisse rescue

By Noele Illien ZURICH, April 12 (Reuters) - Swiss lawmakers resumed their debate over the rescue of Credit Suisse on Wednesday, after parliament's two chambers failed to reach an agreement…

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Swiss parliament’s lower house rejects Credit Suisse rescue package

BERN, April 12 (Reuters) - The lower house of Switzerland's parliament voted late on Tuesday to retrospectively reject the 109 billion Swiss francs of financial guarantees the government gave to…

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Swiss economists question UBS takeover of Credit Suisse in poll

ZURICH (Reuters) - A poll of Swiss economists found that nearly half think the takeover of Credit Suisse by UBS was not the best solution, warning the saga has dented…

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Credit Suisse’s troubles – spies, money laundering and takeover

(Reuters) - Switzerland's UBS has agreed to buy rival Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock in a shotgun merger engineered by Swiss authorities. Credit Suisse…

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Lagarde says ECB ready to help banks but sector is ‘resilient’

The European Central Bank remains ready to support euro zone banks with loans if needed, ECB President Christine Lagarde told MEPs, as she reiterated earlier assurances after the Swiss-brokered rescue…

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EPA’s Eye In The Sky: Zurich, Switzerland

An aerial view shows the headquarters of the Swiss banks Credit Suisse (C) and UBS (L), at Paradeplatz in Zurich, Switzerland. The bank UBS took over Credit Suisse for 2…

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UBS swallows doomed Credit Suisse, casting shadow over Switzerland

By John O'Donnell and Stefania Spezzati LONDON, March 20 (Reuters) - UBS Group UBSG.Shas emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer…

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How Credit Suisse has evolved over 167 years

ZURICH, March 20 (Reuters) - Following is a timeline outlining the 167-year history of Credit Suisse Group , the Zurich-based bank that is being bought at a knockdown price by…

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UPDATED: Giant bank deal triggers political backlash in Switzerland

By John Revill ZURICH, March 20 (Reuters) - Switzerland's two biggest political parties sharply criticized UBS's UBSG.S takeover of Credit Suisse CSGN.S saying multi-billion state support for the deal created…

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Switzerland wakes to new era after historic bank merger; employees ‘shocked’

ZURICH, March 20 (Reuters) - Switzerland awoke to a new era on Monday after UBS swept up Credit Suisse in a government-brokered rescue that dented the country's long-held pride in…

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Credit Suisse says some clients may want to move wealth assets after UBS deal-memo

By Engen Tham and Julie Zhu SHANGHAI/HONG KONG, March 20 (Reuters) - Credit Suisse told staff its wealth assets are operationally separate from UBS for now, but once they merged…

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UPDATED: Bank shares plummet as Credit Suisse rescue fails to quell contagion fears

By Amanda Cooper, Tom Westbrook and John Revill March 20 (Reuters) - Banking stocks and bonds plummeted on Monday as the hit to investors from UBS Group's state-backed takeover of…

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ECB ready to help banks even as it hopes for calm after Swiss deal

FRANKFURT (Reuters) - The European Central Bank remains ready to support euro zone banks with loans if needed, ECB President Christine Lagarde said, adding that the Swiss-brokered rescue of Credit…

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UBS seals Credit Suisse takeover in bid to calm markets

March 19 (Reuters) - UBS UBSG.S sealed a deal to buy rival Swiss bank Credit Suisse CSGN.S to avoid further market-shaking turmoil in global banking, Swiss authorities said on Sunday. Swiss regulators have been forced to…

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Credit Suisse: How did it get to crisis point?

By Anshuman Daga (Reuters) - UBS AG is asking the Swiss government to cover about $6 billion in costs if it were to buy rival Credit Suisse, a person with…

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UPDATED: UBS offers to buy Credit Suisse for up to $1 billion – FT

By Stefania Spezzati, Oliver Hirt and John O'Donnell March 19 (Reuters) - UBS Group AG UBSG.S has offered to buy Credit Suisse CSGN.S for up to $1 billion, with the…

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Credit Suisse: How did it get to crisis point?

By Anshuman Daga March 16 (Reuters) - Credit Suisse CSGN.S said on Thursday it would borrow up to $54 billion from the Swiss central bank to shore up liquidity after…

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Credit Suisse secures $54 bln lifeline as authorities rush to avert global bank crisis

By Tom Westbrook and Saeed Azhar March 16 (Reuters) - Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up…

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Credit Suisse mulls cutting thousands of jobs globally

(Reuters) - Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported, citing people familiar with the matter. Hours after the news, Fitch Ratings cut Credit Suisse's rating and…

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Credit Suisse eyes more cost cuts

ZURICH, July 24 (Reuters) - Credit Suisse is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung reported, citing…

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Court convicts Credit Suisse in money-laundering case

BELLINZONA, Switzerland, June 27 (Reuters) - Switzerland's Federal Criminal Court convicted Credit Suisse CSGN.S and a former employee of failing to prevent money-laundering in Switzerland's first criminal trial of one of its major banks.…

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EPP calls for Switzerland’s possible blacklisting after Credit Suisse Leaks

The main political grouping in the European Parliament called on Monday for a review of Switzerland's banking practices and for the country's possible inclusion in the EU's dirty-money blacklist after…

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EU Parliament’s top group suggests blacklisting Switzerland after Credit Suisse leaks

BRUSSELS, Feb 21 (Reuters) - The main political grouping in the European Parliament called on Monday for a review of Switzerland's banking practices and for the country's possible inclusion in the EU's…

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Credit Suisse denies wrongdoing after client data leaked to media

VIENNA (Reuters) - Credit Suisse said it "strongly rejects" allegations of wrongdoing after dozens of media published results of coordinated, Panama Papers-style investigations into a leak of data on thousands of accounts held…

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Credit Suisse faces money laundering charges in trial of Bulgarian cocaine traffickers

ZURICH, Feb 7 (Reuters) - Credit Suisse will face charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some…

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Credit Suisse chairman resigns over COVID-19 breaches in new setback

SINGAPORE, Jan 17 (Reuters) - Credit Suisse Chairman Antonio Horta-Osorio has quit following an internal probe into his personal conduct, including breaches of COVID-19 rules, raising questions over the embattled…

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Spies, lies and losses: Credit Suisse’s scandals

Credit Suisse will pare back its investment bank and focus on building its wealthy client base, the Swiss bank said this week, as it regroups following a string of scandals.…

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Spies and lies: regulators round on Credit Suisse

Credit Suisse misled authorities over spying on its staff and lied to investors about a corrupt loan to Mozambique, regulators said, painting a bleak picture of the cultural decay at…

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Scandal-hit Credit Suisse considers creating single private bank

Credit Suisse is considering centralising the management of its bankers to the world's wealthy, replacing a regional structure, three sources said, as part of efforts to fast-track an overhaul after…

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Credit Suisse scandals prompt Switzerland to think unthinkable: punish bankers

Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers have been largely untouchable. Credit Suisse's heavy losses from the…

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Swiss parliament to look into Credit Suisse fiasco

A Swiss parliamentary committee will discuss the fallout from billions of dollars worth of losses at Credit Suisse amid risk-management failures, bringing political scrutiny to bear on the financial sector,…

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Photo Story: Climate activists block Swiss bank Credit Suisse in Basel

A group of climate activists from the Collective Climate Justice organization block the entrance to the Swiss bank Credit Suisse, at the Aeschenplatz, in Basel, Switzerland, 08 July 2019.…

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