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UBS inks pact with Swiss government as Credit Suisse deal may close next week
[ad_1] UBS said Friday that it’s signed a loss protection agreement with the Swiss government covering up to 9 billion francs ($10 billion) of…
Tag: Credit Suisse Group AG ADR
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Credit Suisse abetted possible criminal tax evasion, Senate committee alleges
[ad_1] A new Senate Finance Committee report from the Democratic staff alleges that Credit Suisse CS violated key terms of a plea agreement with…
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S&P 500 reclaims 4,000 mark, stocks end higher ahead of Fed rate decision
[ad_1] The S&P 500 on Tuesday posted its highest close since the collapse of Silicon Valley Bank earlier this month, which sent shockwaves through…
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What are CoCos and why are Credit Suisse’s now worth zero?
[ad_1] The Swiss regulator on Sunday announced that it was writing the value of Credit Suisse’s additional Tier 1 bonds — also called AT1…
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Here’s why UBS’s deal to buy Credit Suisse matters to U.S. investors
[ad_1] Thousands of miles away from U.S. shores last Wednesday, a headline began working its way across Europe, then Wall Street, sparking fresh panic…
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UBS to buy Credit Suisse for more than $3 billion in deal backed by Swiss government
[ad_1] Struggling Swiss banking giant Credit Suisse has agreed to be bought by its arch-rival UBS at a discount to Friday’s close price, after…
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U.S. stocks end lower, Dow books back-to-back weekly losses as banking sector stress reemerges
[ad_1] U.S. stocks ended lower Friday as worries about banking-sector stability reemerged following a bankruptcy filing by SVB Financial Group and the release of…
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U.S. bank stocks end with solid gains as 11 banks pledge $30 billon to First Republic
[ad_1] U.S. bank stocks ended regular trading with solid gains on Thursday, as banks announced a $30 billion deposit capital infusion for First Republic…
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Credit Suisse shares jump after saying it will borrow from SNB and buy back debt
[ad_1] Credit Suisse shares surged 32% in opening trade, rallying as the Swiss banking giant said it will tap its central bank for 50…
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Credit Suisse to borrow about $54 billion from Swiss central bank
[ad_1] Credit Suisse announced late Wednesday it was taking “decisive action” and borrowing up to 50 billion Swiss francs — about $54 billion —…
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Dow drops almost 300 points as stocks close mostly lower amid bank fears
[ad_1] U.S. stocks ended lower Wednesday, with the Dow Jones Industrial Average falling almost 300 points, as concerns over troubled Credit Suisse Group CS…
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Stocks trim losses after report Credit Suisse, Swiss authorities hold talks
[ad_1] U.S. stocks trimmed sharp losses Wednesday afternoon following a report that Swiss authorities and Credit Suisse held talks aimed at stabilizing the troubled…
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Credit Suisse to delay publication of 2022 annual report on SEC comments
[ad_1] Credit Suisse Group AG said Thursday that it will delay the publication of its 2022 report after a late call from U.S. market…
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Saudi crown prince set to invest in Credit Suisse’s new investment bank
[ad_1] Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s former chief executive are among investors preparing to invest $1…
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Credit Suisse shares tumble after flagging $1.6 billion 4Q loss amid strain for wealth management comes
[ad_1] Credit Suisse Group AG shares tumbled in Wednesday morning trading after the bank said asset outflows at its wealth-management business would lead to…
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Credit Suisse makes $2.98 billion debt-repurchase offers
[ad_1] Credit Suisse Group AG said Friday that it is offering to repurchase debt securities for a total of close to $3 billion as…