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CREDIT SUISSE RESCUE
AllianceBernstein to sue Switzerland over $17 billion Credit Suisse debt wipeout, FT reportsAllianceBernstein, a US asset manager, is suing Switzerland for $225 million following the UBS takeover of Credit Suisse. The lawsuit stems...- UBS to face tougher rules in Swiss response to Credit Suisse rescueSwitzerland implemented stricter capital requirements for UBS and banks post Credit Suisse rescue. The 209-page report suggested 22 measure...
- In wake of Credit Suisse, Switzerland told to prepare for bank failureSwitzerland was urged to prepare properly for the failure of a big bank on Friday by a group of experts in the wake of the collapse of Cred...
- After Credit Suisse takeover, UBS gives first glimpse of new groupUBS is set to release its first earnings report since acquiring Credit Suisse, providing insight into the impact of the deal. The report wi...
- UBS ends state guarantee granted over Credit Suisse rescueUBS has repaid billions in emergency loans from the Swiss government, freeing it of taxpayer-backed funding. Among the loans repaid was 9 b...
- UBS CEO says about 10% of Credit Suisse staff have leftReuters and other media reported last month that hundreds of Credit Suisse employees were resigning each week, amid heightened uncertainty ...
- UBS says Credit Suisse CEO Koerner to join leadership of combined groupThe leadership reshuffle follows the government-orchestrated rescue of Credit Suisse, which UBS agreed in March for 3 billion Swiss francs ...
- Credit Suisse Q1 Results: Co saw $68 billion in outflows as it crumbledCredit Suisse said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in the first quarter, adding that outflows ...
- Emergency Credit Suisse rescue shakes faith in SwitzerlandThe use of emergency laws, in which shareholders and parliamentarians have no say, will also damage the standing of Switzerland's financial...
- UBS weighs retaining Credit Suisse unit serving India’s richUBS Group is considering the retention of Credit Suisse's Indian private banking unit after the emergency rescue of its rival last month. I...
- Swiss parliament approves 109 billion franc rescue package for Credit SuisseFollowing a heated debate at an extraordinary session called to discuss Credit Suisse, 29 members of Switzerland's Council of States approv...
- Swiss parliament holds emergency session on Credit Suisse rescueOn Tuesday, they will meet in Bern for an extraordinary session to discuss Credit Suisse's downfall as well as the government's open cheque...
- Credit Suisse faces anger at final shareholder meetingTuesday's shareholder meeting marks an ignominious end for the 167-year-old flagship bank founded by Alfred Escher, a Swiss magnate affecti...
- Norwegian wealth fund seeks Credit Suisse boardroom shake-upNorway's Norges Bank Investment Management will vote against Credit Suisse Chair Axel Lehmann and six other directors at the Swiss lender's...
- UBS take over of Credit Suisse may impact less than 20% jobs in India"We could see a reduction of 15-20% of the headcount affecting about 3,000 people in India," Aditya Mishra, chief executive of CIEL HR Serv...
- Credit Suisse AT1 bondholders consider possible legal actionIn Switzerland, the bonds' terms state that in a restructuring, the financial watchdog is under no obligation to adhere to the traditional ...
- Switzerland curbs bonus payouts at Credit SuisseSwitzerland's government said on Tuesday that Credit Suisse was ordered to "temporarily" suspend "already granted but deferred variable rem...
- Stunned bank stocks make gains as Fed comes into focusBank stocks, including First Republic Bank, saw gains after the rescue of Credit Suisse eased concerns about the health of smaller US lende...
- 75% loss in 8 days! Credit Suisse stock rout more severe than Adani crisisOn the other hand, since the release of the Hindenburg report on January 25 Adani Group stocks have lost around 52% of their combined marke...
- Swiss authorities mull imposing losses on Credit Suisse bondholders: SourcesEuropean regulators, however, are apprehensive about such a move for fear that it could hit investor confidence elsewhere in Europe's finan...
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