Posts Tagged ‘suisse’

UBS Was Quietly Bailed Out in 2008; Now It’s Getting a $173 Billion Backstop to Buy Credit Suisse at 82 Cents a Share

Yesterday, the Swiss banking giant, UBS, agreed to a shotgun wedding with its collapsing long-time Swiss rival, Credit Suisse. Switzerland has committed $173 billion in loans and guarantees to the combined firm. A key player in this deal was the central bank of Switzerland, the Swiss National Bank. That’s the very same central bank that had […]

Credit Suisse, UBS Shares Plunge After Takeover Announcement

The buyout aims to prevent what regulators believe could be uncontrolled and incalculable consequences throughout the global financial system. Source

Credit Suisse Shares Soar After Central Bank Aid Announced

GENEVA (AP) — Credit Suisse’s shares soared 30% on Thursday after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe. It was a massive swing from a day […]

European bank stocks plunge, dragged down by Credit Suisse

On the Paris stock exchange, French bank Société Générale fell by 10.6% and BNP Paribas by 10.3% – marking the biggest decline in the session since 24 February 2022 for Société Générale and since 16 March 2020 for BNP Paribas. Source

Credit Suisse Unease Sparks Fresh Selloff in World Stocks

LONDON—Renewed unease gripped world markets on Wednesday as news that Credit Suisse’s largest investor said it could not provide the Swiss bank with more financial assistance sent its shares and broader European shares sliding once more. Signs of calm and stability in banking stocks, that have tanked in the past week, following the collapse of […]

A Brief on Credit Suisse and Credit Suisse Values

One of the oldest financial institutions in the world, Credit Suisse has a turnover of $22.65 billion, and is the second-largest bank within the Swiss banking system. It provides a wide range of financial services through its two main private and investment banking divisions. The banking giant has recently come into the spotlight after a […]

“Suitcases Full Of Drug Money”: Credit Suisse Found Criminally Guilty in Money-Laundering Case Tied to Cocaine Ring

Another day, another dismal development for the 2nd largest (but most damned) Swiss bank. On Monday, Credit Suisse Group was convicted of failing to prevent money laundering by a Bulgarian cocaine trafficker, in the first ever criminal conviction of a major Swiss bank in the country’s history. The verdict, in which a former relationship manager at the […]

Credit Suisse forecasts global economic growth in wake of COVID-19

Credit Suisse, a global wealth manager, investment bank and financial services firm located in Switzerland, released on Tuesday its economic forecast for the upcoming year, suggesting moderate recovery and an increase in consumer demand as countries continue to loosen coronavirus restrictions. This forecast comes amid the coronavirus lockdown, which has caused a global economic recession. […]

German Far-Leftist “Sad” after Being Stabbed Twice by Nonwhite Invaders He Supported

A German far left activist in Dresden who took part in demonstrations against the weekly anti-invasion rallies in the city, has been viciously assaulted and stabbed by a gang of the nonwhite invaders he supported. The attack, reported in the Bild newspaper, involved a gang of between six and eight nonwhites, described by eyewitnesses […]

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