Credit Suisse Crisis

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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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  Over $68 Billion Withdrawn From Credit Suisse Before UBS Takeover

  Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS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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  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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  Swiss Regulator Vows To Hold Credit Suisse Bosses To Account: Report

  Swiss financial regulator Finma is probing how to hold bosses at Credit Suisse to account following its emergency takeover by rival UBS, a media report said on Sunday.

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  First Republic Leads Rise In Bank Stocks As Investors Focus On Fed Moves

  Shares of U.S. regional lenders including battered First Republic Bank surged on Tuesday as fears of a wider banking crisis abated and investors turned their focus to the U.S. Federal Reserve's next move.

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  Credit Suisse Crisis Sends Shivers Amongst Wealthy Indians

  The Credit Suisse Group AG crisis is likely to make a dent on the way well-off Indians view international wealth managers, a firm backed by Liechtenstein's royal family said Tuesday.

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  Credit Suisse Takeover Eases Crisis Fears, First Republic Shares Sink 50%

  Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need a second rescue to stay afloat, bucking a broader rally in bank shares driven by UBS Group's state-backed takeover of Credit Suisse.

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  The One Big Winner And Many Losers Of UBS's Credit Suisse Crisis

  UBS Group AG is emerging as a rare winner in Credit Suisse Group AG's crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.

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  European Markets Rise After Credit Suisse Buyout

  European markets went back in the green on Monday after sliding earlier despite an emergency buyout of Credit Suisse aimed at preventing a fresh crisis for the global banking sector.

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  ''Even The Mighty Can Fall'': Elon Musk Reacts To Credit Suisse's $3.25 Billion Rescue Deal

  Credit Suisse is Switzerland's second-largest bank and the world's eighth-largest investment bank.

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  Credit Suisse Crisis: Archegos, Covid Breach And Other Scandals

  Credit Suisse was a pillar of Swiss banking that rapidly collapsed, its foundations fatally undercut by repeated missteps that left it shaky when storms in the banking sector began swirling.

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  Wipeout Of Risky Credit Suisse Bonds Upends $275 Billion Market

  Among the biggest losers in the shotgun sale of Credit Suisse Group AG are investors in the firm's riskiest bonds, known as AT1s, worth $17 billion.

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  As UBS Acquires Credit Suisse, Central Banks Try To Calm Jittery Markets

  Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal.

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  World's Largest Banks Join Hands To Tackle Possible Global Banking Crisis

  A special drive will be launched Monday by the Fed and the central banks of Canada, the United Kingdom, Japan, the European Union and Switzerland.