Por: CNBC Business March 16, 2023
In this articlewatch nowVIDEO2:4302:43Credit Suisse plans to borrow about $54 billion from central bank announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility.The decision comes shortly after shares of the lender Wednesday, hitting an all-time low for a second consecutive day after its top investor Saudi National Bank said it... + full article
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
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
Newsweek USA World March 20, 2023
Switzerland's largest bank, UBS, is buying its rival Credit Suisse for $3.2 billion through an acquisition deal meant to protect the Swiss economy after panic erupted following the collapse of the U.S.-based Silicon Valley Bank (SVB) and Signature Bank earlier this... + más
UBS Agrees to Buy Rival Credit Suisse | The New York Times
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
MarketWatch USA Business March 19, 2023
“With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation,” the SNB said in a statement. UBS will buy Credit Suisse for 3 billion francs ($3.25 billion), or 0.76 francs per... + más
Fox Business USA Business March 16, 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. Credit Suisse Group says it... + más
Credit Suisse to borrow more than $53 billion from Swiss central bank | Portland Press Herald
Credit Suisse to borrow $54 billion from Swiss central bank | Associated Press
Portland Press Herald USA World March 16, 2023
Fears for the stability of the global financial system rose Wednesday after Credit Suisse disclosed problems in its financial reporting and said it would tap more than $53 billion in aid from Switzerland’s central bank, raising turmoil in the markets in the wake of Silicon... + más
Credit Suisse to borrow up to $54B from Swiss National Bank | Fox Business
About iurex | Privacy Policy | Disclaimer |