Por: CBS News Business March 15, 2023
Stocks fell on Wednesday amid fresh worries about the banking sector, although Wall Street more than halved its losses by the closing bell. The S&P 500 closed with a decline of 27 points, or 0.7%, at 3,892. The Dow posted a slightly steeper drop of 281, or 0.9%, at 31,875, while the Nasdaq rose slightly thanks to late gains in tech shares. Treasury yields plunged following several reports on the economy that were weaker than... + full article
Fox Business USA Business March 20, 2023
Former Federal Reserve Governor Robert Heller, Solus Alternative Asset Management strategist Dan Greenhaus and Zaye Capital Markets CIO Naeem Aslam discuss the Fed's rate hike trajectory as Credit Suisse instability threatens global markets. The Swiss government is... + más
UBS Buying Rival Credit Suisse In $3.2 Billion Rescue Deal | Forbes
UBS agrees to buy troubled Credit Suisse for more than $2B to ‘secure financial stability’ | New York Post
CBS News USA Politics March 20, 2023
The banking giant UBS has agreed to purchase Credit Suisse, a smaller rival, Swiss authorities announced on Sunday. The historic deal comes as major financial institutions continue to grapple with the fallout from the sudden collapse of Silicon Valley Bank earlier this month,... + más
MarketWatch USA Business March 19, 2023
Credit Suisse has pushed back at the offer, Bloomberg , saying the offer is too low and could hurt shareholders and employees. One possibility is for UBS to buy Credit Suisse and spin off its Swiss operations to an independent entity, The Wall Street Journal on Sunday. UBS would... + más
The New York Times USA Business March 19, 2023
UBS has agreed to buy Credit Suisse, its beleaguered rival, the Swiss government said on Sunday, in a hastily arranged deal meant to shore up the global financial sector after a week of turmoil.Swiss government leaders and regulators said that the deal was the most effective way... + más
UBS and regulators rush to seal Credit Suisse takeover deal: reports | MarketWatch
Forbes USA Business March 19, 2023
Updated Mar 19, 2023, 04:09pm EDTTopline UBS Group AG has struck a deal to buy Credit Suisse—a rival Swiss bank rocked by financial turmoil—for over $3 billion, the announced Sunday, as bank executives and Swiss officials sprint to contain a crisis sparked in part by the... + más
UBS' dramatic takeover of Credit Suisse was the deal neither bank wanted. Here are some of the passive-aggressive digs from both sides. | Business Insider
Fox Business USA Business March 17, 2023
Former Federal Reserve Governor Robert Heller, Solus Alternative Asset Management strategist Dan Greenhaus and Zaye Capital Markets CIO Naeem Aslam discuss the Fed's rate hike trajectory as Credit Suisse instability threatens global markets. is facing legal action from U.S.... + más
UBS makes $1 billion all-share offer for embattled Credit Suisse: reports | MarketWatch
UBS to purchase Credit Suisse amid fallout from U.S. bank collapses | CBS News
Fox Business USA Business November 24, 2022
Former FDIC Chair Sheila Bair discusses Credit Suisse's issues as the U.S. faces economic challenges and how the Fed will keep financial systems 'stable.' Credit Suisse Group AG warned it would lose around $1.6 billion in the fourth quarter after customers pulled... + más
Credit Suisse seeks to calm market jitters | Fox Business
How a social media frenzy around Credit Suisse rattled its stock | Fox Business
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