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CREDIT SUISSE COLLAPSE
Franklin Resources' Wamco to pay $100 million SEC fine over former star manager's tradesWestern Asset Management, a unit of Franklin Resources, will pay $100 million to settle SEC charges tied to a $600 million cherry-picking s...- Swiss inquiry castigates failings of Credit Suisse oversight, but pins most blame on bossesA Swiss parliamentary inquiry blamed Credit Suisse's collapse on mismanagement. Regulators faced criticism for secrecy and a chaotic respon...
- 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 cuts nearly 70% Credit Suisse researchers in Hong Kong-sourcesUBS' takeover of Credit Suisse marks the first-ever merger of two global systematically important banks after the latter suffered years of ...
- Momentum is pretty positive: UBS CEO Sergio ErmottiUBS's CEO said that the momentum is pretty positive at the Swiss bank. Ermotti said last week that he plans to stay at the bank's helm thro...
- 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...
- UBS fined nearly $400 million related to Credit Suisse's relationship with failed fund ArchegosSwiss banking giant UBS will pay nearly $400 million in fines to U.S., Swiss and U.K. banking authorities for the management failures of Cr...
- Saudi National Bank wanted 40% stake in Credit Suisse: ReportThe Saudi National Bank attempted to raise its stake in Credit Suisse to 40%, which was opposed by Swiss regulator Finma, according to the ...
- UBS completes completes Credit Suisse takeover, gains clout as global wealth playerCommenting on the biggest banking deal since the 2008 global financial crisis, UBS CEO Sergio Ermotti and Chairman Colm Kelleher said "this...
- 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...
- Up to 36,000 jobs may go in UBS-Credit Suisse merger: ReportsThe takeover by UBS of Credit Suisse was hastily arranged by the Swiss government on March 19 to prevent a global financial meltdown, follo...
- Credit Suisse collapse: How some frauds are made out to be more respectable than othersIn the past few years, this bank has been caught doing everything that a bank should not be doing. Credit Suisse was a ridiculously badly (...
- Credit Suisse faces possible disciplinary proceedings: Switzerland's banking regulator"CS had a cultural problem that translated into a lack of accountability," Finma President Marlene Amstad told the Sunday newspaper. "Often...
- Credit Suisse collapse threatens Switzerland's wealth management crownBattered by years of scandals and losses, Credit Suisse had been fighting a crisis of confidence for months, before its demise was sealed i...
- Credit Suisse's troubles - spies, money laundering and takeoverSwitzerland's UBS has agreed to buy rival Credit Suisse for 3 billion Swiss francs in stock in a shotgun merger engineered by Swiss authori...
- UBS, regulators race to seal Credit Suisse deal: ReportUBS Group AG , Credit Suisse Group and key regulators are rushing to finalise a deal on the merger of the two Swiss banks as soon as Saturd...
- Credit Suisse meets to weigh options, under pressure to merge with UBSThe 167-year-old bank is the biggest name ensnared in market turmoil unleashed by the collapse of U.S. lenders Silicon Valley Bank and Sign...
- Credit Suisse Group to sell US asset management arm: ReportsTroubled Swiss bank Credit Suisse lost over $5 billion after investment from Archegos collapsed. Now, reports have suggested that the bank ...
- Credit Suisse settles spying claims with former executiveThe espionage debacle is the latest in a slew of controversies that has clouded the future of the Swiss bank.
- Credit Suisse serves investors thin gruel as Wall Street feasts on dealsCredit Suisse has emerged as the bank hardest-hit from its exposure to Archegos, which collapsed when it couldn't meet margin calls.
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