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Pay Credit Suisse $1 Million Monthly For 6 Months: Supreme Court To SpiceJet
The Supreme Court on Friday asked low cost airline SpiceJet to pay USD 1 million per month for six months to global investment bank and financial services firm Credit Suisse AG towards repayment of dues.
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Credit Suisse Merger With UBS To Cost 3,000 Jobs In Switzerland
Banking giant UBS said Thursday that its merger with former rival Credit Suisse and full absorbtion of its Swiss unit would cause 3,000 job cuts in Switzerland in the coming years.
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Several Hundred Credit Suisse Bankers To Get Termination Notices: Report
Several hundred Credit Suisse investment bankers will soon be fired as UBS begins to implement the merger of the two banks, the Swiss weekly HandelsZeitung said Friday.
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Swiss Bank UBS To Cut 35,000 Jobs After Credit Suisse Rescue: Report
Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.
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Credit Suisse Shares No Longer Fit For New York Listing
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.
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Credit Suisse Ordered To Pay $926 Million To Ex Georgian PM
A Singapore court on Friday ordered Credit Suisse to pay an ex-Georgian prime minister $926 million for failing in its duty to safeguard his assets, in another blow to the fallen banking giant.
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UBS Merger With Credit Suisse Raises Job Fears In Switzerland
Among the many concerns over the new megabank created by the merger of UBS and the beleagured Credit Suisse is how it will affect jobs and competition in Switzerland's banking sector.
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US Fed Reserve Admits To Own Failure In Identifying Startup Bank Troubles
The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.
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Over $68 Billion Withdrawn From Credit Suisse Before UBS Takeover
Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover.
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Swiss Parliament Rejects $129.82 Billion Aid For Credit Suisse-UBS Merger
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 hastily arranged rescue without a largely symbolic parliamentary blessing.
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"Not The Demise Of Switzerland": Swiss President On Credit Suisse Fall
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 consequences.
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Credit Suisse and UBS Merger Could Cost 36,000 Jobs: Report
Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively.
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Credit Suisse Hid Over $700 Million From US Department Of Justice: Senate
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, a Senate committee said Wednesday.
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Latest Developments In Banking Sector Crisis. All You Need To Know
Silicon Valley Bank is being largely acquired by another US lender in the latest fallout from three weeks of turbulence in the financial sector.
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Saudi National Bank Chair Resigns After Credit Suisse Buyout
The chairman of Saudi National Bank, which was the main shareholder of Credit Suisse before its buyout this month, has resigned, a statement said on Monday.
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Pay Credit Suisse $1 Million Monthly For 6 Months: Supreme Court To SpiceJet
The Supreme Court on Friday asked low cost airline SpiceJet to pay USD 1 million per month for six months to global investment bank and financial services firm Credit Suisse AG towards repayment of dues.
-
Credit Suisse Merger With UBS To Cost 3,000 Jobs In Switzerland
Banking giant UBS said Thursday that its merger with former rival Credit Suisse and full absorbtion of its Swiss unit would cause 3,000 job cuts in Switzerland in the coming years.
-
Several Hundred Credit Suisse Bankers To Get Termination Notices: Report
Several hundred Credit Suisse investment bankers will soon be fired as UBS begins to implement the merger of the two banks, the Swiss weekly HandelsZeitung said Friday.
-
Swiss Bank UBS To Cut 35,000 Jobs After Credit Suisse Rescue: Report
Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.
-
Credit Suisse Shares No Longer Fit For New York Listing
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.
-
Credit Suisse Ordered To Pay $926 Million To Ex Georgian PM
A Singapore court on Friday ordered Credit Suisse to pay an ex-Georgian prime minister $926 million for failing in its duty to safeguard his assets, in another blow to the fallen banking giant.
-
UBS Merger With Credit Suisse Raises Job Fears In Switzerland
Among the many concerns over the new megabank created by the merger of UBS and the beleagured Credit Suisse is how it will affect jobs and competition in Switzerland's banking sector.
-
US Fed Reserve Admits To Own Failure In Identifying Startup Bank Troubles
The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.
-
Over $68 Billion Withdrawn From Credit Suisse Before UBS Takeover
Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover.
-
Swiss Parliament Rejects $129.82 Billion Aid For Credit Suisse-UBS Merger
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 hastily arranged rescue without a largely symbolic parliamentary blessing.
-
"Not The Demise Of Switzerland": Swiss President On Credit Suisse Fall
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 consequences.
-
Credit Suisse and UBS Merger Could Cost 36,000 Jobs: Report
Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively.
-
Credit Suisse Hid Over $700 Million From US Department Of Justice: Senate
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, a Senate committee said Wednesday.
-
Latest Developments In Banking Sector Crisis. All You Need To Know
Silicon Valley Bank is being largely acquired by another US lender in the latest fallout from three weeks of turbulence in the financial sector.
-
Saudi National Bank Chair Resigns After Credit Suisse Buyout
The chairman of Saudi National Bank, which was the main shareholder of Credit Suisse before its buyout this month, has resigned, a statement said on Monday.
