credit suisse crisis

<!-- -->Credit Suisse was the third major bank to collapse this year. (Representational)Geneva, Switzerland: Swiss financial regulator Finma is probing how to hold bosses at Credit Suisse to account following its emergency takeover by…

UBS’s emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears Monday it could weaken the country’s biggest bank and financial sector as a whole.Switzerland was in…

Last Updated: March 20, 2023, 02:45 ISTChairman of the Board of Directors of Credit Suisse, Axel Lehmann attends a news conference on Credit Suisse after UBS takeover offer, in Bern, Switzerland, March 19, 2023. (Image: Reuters) Credit…

<!-- -->Chairman Axel Lehmann said the merger represents the "best available outcome."Bern, Switzerland: UBS will take over its troubled Swiss rival Credit Suisse for $3.25 billion following crunch talks Sunday aimed at stopping the…

Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up its liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis.The Swiss bank’s…

<!-- -->2 major banks have collapsed in recent weeks.The financial world hasn't seen a week like this since 2008, with turmoil in the banking sector igniting fears that the global economy is on the brink of another crisis.For those…

Credit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank and regulators urged it to pursue a deal with Swiss rival UBS AG.Credit Suisse Chief Financial Officer Dixit Joshi and his…

India’s banking system is expected to remain unscathed from the troubles in Credit Suisse as it has a very small presence in the country, experts said.Although Credit Suisse is more relevant to India’s financial system than Silicon Valley…

<!-- -->Wednesday's panic was sparked by a statement from Credit Suisse's biggest shareholder.The long-brewing troubles at Credit Suisse Group AG exploded into a full-blown crisis Wednesday as its stock and bonds cratered and some of…

Credit Suisse, a Switzerland-based world’s leading bank, said on Friday it has made an offer to repurchase up to 3 billion Swiss francs ($3 billion) of senior debt securities. The bank added that the transactions are consistent with its…