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Tag: CS

UBS inks pact with Swiss government as Credit Suisse deal may close next week

UBS inks pact with Swiss government as Credit Suisse deal may close next week

June 9, 2023June 9, 2023 · Breaking News

UBS said Friday that it’s signed a loss protection agreement with the Swiss government covering up to 9 billion francs ($10 billion) of losses once the takeover of…

Read more UBS inks pact with Swiss government as Credit Suisse deal may close next week
Credit Suisse abetted possible criminal tax evasion, Senate committee alleges

Credit Suisse abetted possible criminal tax evasion, Senate committee alleges

March 29, 2023March 29, 2023 · Breaking News

A new Senate Finance Committee report from the Democratic staff alleges that Credit Suisse CS violated key terms of a plea agreement with the Justice Department. The report…

Read more Credit Suisse abetted possible criminal tax evasion, Senate committee alleges
Credit Suisse abetted possible criminal tax evasion, Senate committee alleges

S&P 500 reclaims 4,000 mark, stocks end higher ahead of Fed rate decision

March 21, 2023March 22, 2023 · Breaking News

The S&P 500 on Tuesday posted its highest close since the collapse of Silicon Valley Bank earlier this month, which sent shockwaves through financial markets and raised concerns…

Read more S&P 500 reclaims 4,000 mark, stocks end higher ahead of Fed rate decision
What are CoCos and why are Credit Suisse’s now worth zero?

What are CoCos and why are Credit Suisse’s now worth zero?

March 20, 2023March 20, 2023 · Breaking News

The Swiss regulator on Sunday announced that it was writing the value of Credit Suisse’s additional Tier 1 bonds — also called AT1 bonds, or contingent convertible bonds…

Read more What are CoCos and why are Credit Suisse’s now worth zero?
Credit Suisse, UBS, First Republic, and More Stock Market Movers

Credit Suisse, UBS, First Republic, and More Stock Market Movers

March 20, 2023March 20, 2023 · Business

We’ve detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. We’ve detected you are on Internet Explorer. For the best…

Read more Credit Suisse, UBS, First Republic, and More Stock Market Movers
Here’s why UBS’s deal to buy Credit Suisse matters to U.S. investors

Here’s why UBS’s deal to buy Credit Suisse matters to U.S. investors

March 19, 2023March 19, 2023 · Breaking News

Thousands of miles away from U.S. shores last Wednesday, a headline began working its way across Europe, then Wall Street, sparking fresh panic as it dawned on investors…

Read more Here’s why UBS’s deal to buy Credit Suisse matters to U.S. investors
UBS to buy Credit Suisse for more than  billion in deal backed by Swiss government

UBS to buy Credit Suisse for more than $3 billion in deal backed by Swiss government

March 19, 2023March 19, 2023 · Breaking News

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 seeing a wave of customer…

Read more UBS to buy Credit Suisse for more than $3 billion in deal backed by Swiss government
U.S. stocks end lower, Dow books back-to-back weekly losses as banking sector stress reemerges

U.S. stocks end lower, Dow books back-to-back weekly losses as banking sector stress reemerges

March 17, 2023March 17, 2023 · Breaking News

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 data showing banks borrowed $165…

Read more U.S. stocks end lower, Dow books back-to-back weekly losses as banking sector stress reemerges
U.S. bank stocks end with solid gains as 11 banks pledge  billon to First Republic

U.S. bank stocks end with solid gains as 11 banks pledge $30 billon to First Republic

March 16, 2023March 16, 2023 · Breaking News

U.S. bank stocks ended regular trading with solid gains on Thursday, as banks announced a $30 billion deposit capital infusion for First Republic Bank and as Treasury Secretary…

Read more U.S. bank stocks end with solid gains as 11 banks pledge $30 billon to First Republic
Credit Suisse shares jump after saying it will borrow from SNB and buy back debt

Credit Suisse shares jump after saying it will borrow from SNB and buy back debt

March 16, 2023March 16, 2023 · Breaking News

Credit Suisse shares surged 32% in opening trade, rallying as the Swiss banking giant said it will tap its central bank for 50 billion francs ($54 billion) and…

Read more Credit Suisse shares jump after saying it will borrow from SNB and buy back debt
Credit Suisse to borrow about  billion from Swiss central bank

Credit Suisse to borrow about $54 billion from Swiss central bank

March 15, 2023March 15, 2023 · Breaking News

Credit Suisse announced late Wednesday it was taking “decisive action” and borrowing up to 50 billion Swiss francs — about $54 billion — to ease investors’ fears. The…

Read more Credit Suisse to borrow about $54 billion from Swiss central bank
Credit Suisse abetted possible criminal tax evasion, Senate committee alleges

Dow drops almost 300 points as stocks close mostly lower amid bank fears

March 15, 2023March 15, 2023 · Breaking News

U.S. stocks ended lower Wednesday, with the Dow Jones Industrial Average falling almost 300 points, as concerns over troubled Credit Suisse Group CS added to worries about the…

Read more Dow drops almost 300 points as stocks close mostly lower amid bank fears
CS Stock Price | Credit Suisse Group AG ADR Stock Quote (U.S.: NYSE) | MarketWatch

CS Stock Price | Credit Suisse Group AG ADR Stock Quote (U.S.: NYSE) | MarketWatch

March 15, 2023March 15, 2023 · Breaking News

Credit Suisse Group AG ADR Credit Suisse Group AG is a holding company, which engages in the provision of financial services. It operates through the following four divisions:…

Read more CS Stock Price | Credit Suisse Group AG ADR Stock Quote (U.S.: NYSE) | MarketWatch
Credit Suisse abetted possible criminal tax evasion, Senate committee alleges

Stocks trim losses after report Credit Suisse, Swiss authorities hold talks

March 15, 2023March 15, 2023 · Breaking News

U.S. stocks trimmed sharp losses Wednesday afternoon following a report that Swiss authorities and Credit Suisse held talks aimed at stabilizing the troubled lender. Bloomberg, citing people familiar…

Read more Stocks trim losses after report Credit Suisse, Swiss authorities hold talks
Credit Suisse to delay publication of 2022 annual report on SEC comments

Credit Suisse to delay publication of 2022 annual report on SEC comments

March 9, 2023March 9, 2023 · Breaking News

Credit Suisse Group AG said Thursday that it will delay the publication of its 2022 report after a late call from U.S. market regulators over 2019 and 2020…

Read more Credit Suisse to delay publication of 2022 annual report on SEC comments
Saudi crown prince set to invest in Credit Suisse’s new investment bank

Saudi crown prince set to invest in Credit Suisse’s new investment bank

December 5, 2022December 5, 2022 · Breaking News

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 billion or more into Credit Suisse’s…

Read more Saudi crown prince set to invest in Credit Suisse’s new investment bank
Credit Suisse shares tumble after flagging .6 billion 4Q loss amid strain for wealth management comes

Credit Suisse shares tumble after flagging $1.6 billion 4Q loss amid strain for wealth management comes

November 22, 2022November 23, 2022 · Breaking News

Credit Suisse Group AG shares tumbled in Wednesday morning trading after the bank said asset outflows at its wealth-management business would lead to a fifth consecutive quarterly loss.…

Read more Credit Suisse shares tumble after flagging $1.6 billion 4Q loss amid strain for wealth management comes
Credit Suisse makes .98 billion debt-repurchase offers

Credit Suisse makes $2.98 billion debt-repurchase offers

October 6, 2022October 7, 2022 · Breaking News

Credit Suisse Group AG said Friday that it is offering to repurchase debt securities for a total of close to $3 billion as the troubled lender looks to…

Read more Credit Suisse makes $2.98 billion debt-repurchase offers
Credit Suisse abetted possible criminal tax evasion, Senate committee alleges

Credit Suisse shares bounce 4% higher in early trade

October 4, 2022October 4, 2022 · Breaking News

Shares of Credit Suisse CSGN, +5.20% CS, +2.30% bounced 4% higher in early action, after the Swiss systemically important institution fell as much as 12% on Monday on…

Read more Credit Suisse shares bounce 4% higher in early trade
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