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4 mins read

UBS launches its experiential "House of Craft" campaign in New York as Credit Suisse integration continues

UBS's "House of Craft" campaign, which highlights artisanship, is the bank's first experiential bra…

Julia Hood   


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1 min read

UBS made a $29 billion quarterly profit after rescuing Credit Suisse

The record profit is mostly due to an accounting gain following its government-brokered takeover of…

Joseph Wilkins   


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2 mins read

UBS completes Credit Suisse acquisition to become a banking behemoth

Swiss bank UBS on Monday said it has completed the acquisition of troubled rival Credit Suisse. …

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2 mins read

CoCo bonds fall sharply over Credit Suisse deal

Derivatives that track the value of riskier bank debt the sort that is being wiped out in the Credi…

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2 mins read

Sensex shoots up 419 points, Nifty over 17k level

In Asian markets, Hong Kong's Hang Seng went up 320 points, Japan's Nikkei surged 183 points, …

ANI   


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2 mins read

Sensex snaps 5-day losing streak on value-buying; Nifty closes near 17,000 level

Halting its five-day losing streak, the 30-share BSE benchmark rose 78.94 points or 0.14 per c…

PTI   


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1 min read

SC warns SpiceJet CMD Ajay Singh for making default in payment of Credit Suisse AG

The Supreme Court has issued a stern warning to SpiceJet Chairman and Managing Director (CMD), Ajay…

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1 min read

Credit Suisse will be taken over by banking giant UBS, says Swiss government

Credit Suisse will be taken over by Swiss banking giant UBS, the Swiss federal government has annou…

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1 min read

Credit Suisse shares slide 10% as the shine of its rescue package wears off

DBRS Morningstar cut Credit Suisse's credit score Thursday, amid concerns it may default on its deb…

Karen Friar   


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3 mins read

Asian shares ended lower after Switzerland's UBS seals deal to acquire Credit Suisse

Investors are still looking to the Federal Reserve's interest rate decision later this week for fur…

Huileng Tan   


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2 mins read

US stocks fall as turmoil in regional banks resumes and Credit Suisse gets a lifeline

The rout in banking stocks has shaken up the broader market, leaving the S&P 500 close to erasing i…

Carla Mozée   


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1 min read

Switzerland's central bank says it will provide liquidity to Credit Suisse if deemed necessary for the embattled lender

Credit Suisse "meets the capital and liquidity requirements imposed on systemically important banks…

Carla Mozée   


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1 min read

US stocks trade mixed as Credit Suisse troubles stoke fears of a banking crisis

Credit Suisse alarmed investors, but the Swiss National Bank later said it will provide the lender …

Jennifer Sor   


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1 min read

Dow tumbles nearly 500 points as Credit Suisse stokes fears of bank failure contagion

Credit Suisse plunged more than 20%, as Saudi backers ruled out further investment in the embattled…

Phil Rosen   


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1 min read

Dow dives over 600 points as Credit Suisse selloff injects fresh unease into markets

US stock futures dived Wednesday as worries about Credit Suisse pushed the lender's shares to a new…

George Glover   


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1 min read

Credit Suisse faced a staggering $69 billion of outflows in the first quarter, an amount that eclipses UBS's market cap

Credit Suisse saw its outflows accelerate to $69 billion last quarter, which culminated in its gove…

Zinya Salfiti   


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2 mins read

US stocks trade mixed as investors assess banking turmoil after UBS takeover of Credit Suisse

Regional bank shares remained under pressure as investors eye further contagion risk. First Republi…

Morgan Chittum   


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1 min read

UBS to cut 3,000 jobs in Switzerland after Credit Suisse takeover

UBS CEO Sergio Ermotti said it will lay off "around 1,000" workers as it integrates Credit Suisse's…

Tom Carter   


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1 min read

Credit Suisse asks central bank for a show of support, but Swiss National Bank stays quiet

Credit Suisse also sought public support from Finma, but neither the central bank or Swiss regulato…

Filip De Mott   


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5 mins read

UBS is officially buying Credit Suisse in a historic rescue deal. This is how we got here.

The Swiss giant has weathered a slew of scandals in recent years, and investors are jittery after t…

Theron Mohamed