credit suisse news

Investors in Asia are joining international lawsuits against the Swiss government for its handling of affairs during the takeover of Credt Suisse, the iconic but troubled bank. Authorities in Switzerland forced Credit Suisse to merge with…

Credit Suisse said on Monday that 61 billion Swiss francs (US$68 billion) in assets left the bank in the first quarter and that outflows were continuing, underscoring the challenge faced by UBS Group in rescuing its rival. Customer…

The chairman of Credit Suisse apologized Tuesday to shareholders for failures of the once-venerable bank and acknowledged the shock and anger felt as the troubled Swiss lender is set to be swallowed up by rival UBS in a…

UBS said Wednesday that it's bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated plan to take over struggling rival Credit Suisse.Ermotti, who was the bank's top executive for…

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Shares of Credit Suisse plunged 60.5 per cent on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost US$3.25 billion in a deal orchestrated by regulators to try to stave off further turmoil in the…

Swiss bank Credit Suisse said on March 16 it will move to shore up its finances, borrowing up to $54 billion from the central bank after its shares plunged, dragging down other major European lenders in the wake of bank failures in the…

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…

A number of banks around the world are facing significant stock hits amid a crisis of confidence spreading from the collapse of Silicon Valley Bank. Credit Suisse’s share price has whipsawed this week as fears about the Swiss bank’s…