Credit Suisse

ZURICH: Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koernerwill join its executive board following the takeover of its fallen domestic rival.Koerner will be the only executive from Credit Suisse…

The Silicon Valley Bank crisis showed how the perils of fractional banking can be compounded by social media. Barring extreme situations such as queues of customers outside bank branches, it was difficult for negative information to spread…

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…

The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.The report was one of two published…

<!-- -->SVB's failure on March 10 caused shock waves throughout the banking sectorWashington: The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published…

Credit Suisse, one of the leading banks in Switzerland, faced a significant "bank run" ahead of its collapse in March 2023, a Reuters report indicated on Monday. The Swiss bank announced that it experienced a significant outflow of assets…

GENEVA: Ailing bank Credit Suisse on Monday reported over 61 billion Swiss francs (nearly $69 billion) in outflows in the first three months of the year, when Switzerland’s government arranged for its takeover by rival UBS, and said clients…

Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS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. The bank also…

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…

Credit Suisse, one of the leading banks in Switzerland, faced a significant bank run ahead of its collapse in March 2023, a Reuters report said on Monday. The Swiss bank announced that it experienced a significant outflow of assets totaling…