Credit Suisse

How Swiss authorities bungled Credit Suisse oversight

About six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to inject 50 billion Swiss francs ($57.6 billion) into the lender and nationalise it, according to three sources with direct knowledge of the matter.

Credit Suisse inquiry will keep files secret for 50 years

A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians.

Three former Credit Suisse CEOs accused of excessive risk-taking -court filing

A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the Swiss bank, including three past chief CEOs, of being responsible for the bank's downfall.

Explainer: What are AT1 bonds and why are Credit Suisse's wiped out?

Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as Additional Tier 1 or AT1 debt, to zero as part of a forced rescue merger with UBS (UBSG.S).

Switzerland's secretive Credit Suisse rescue rocks global finance

Days before a hastily convened press conference late on Sunday that would make the world's front pages, Switzerland's political elite were secretly preparing a move that would jolt the globe.

Relief over Credit Suisse deal crumbles as focus shifts to bond risks

Banking stocks tumbled on Monday as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival UBS Group gave way to new worries about the risks of high-yield debt issued by big banks.

Analysis: UBS swallows Credit Suisse, casting shadow over Switzerland

UBS Group (UBSG.S) emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet that makes the Swiss economy more dependent on a single lender.

UBS in talks to acquire Credit Suisse -FT

Banking giant UBS (UBSG.S) is in discussions to take over all or parts of Credit Suisse (CSGN.S), with the boards of Switzerland's two biggest lenders set to meet separately over the weekend, the Financial Times reported on Friday.

Credit Suisse thrown $54 billion lifeline in rush to ward off global bank crisis

Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from Switzerland's central bank to shore up liquidity and investor confidence, after a slump in its shares had intensified fears about a global banking crisis.

December 19, 2023
December 19, 2023

How Swiss authorities bungled Credit Suisse oversight

About six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to inject 50 billion Swiss francs ($57.6 billion) into the lender and nationalise it, according to three sources with direct knowledge of the matter.

July 16, 2023
July 16, 2023

Credit Suisse inquiry will keep files secret for 50 years

A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians.

June 22, 2023
June 22, 2023

Three former Credit Suisse CEOs accused of excessive risk-taking -court filing

A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the Swiss bank, including three past chief CEOs, of being responsible for the bank's downfall.

March 25, 2023
March 25, 2023

Explainer: What are AT1 bonds and why are Credit Suisse's wiped out?

Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as Additional Tier 1 or AT1 debt, to zero as part of a forced rescue merger with UBS (UBSG.S).

March 21, 2023
March 21, 2023

Switzerland's secretive Credit Suisse rescue rocks global finance

Days before a hastily convened press conference late on Sunday that would make the world's front pages, Switzerland's political elite were secretly preparing a move that would jolt the globe.

March 20, 2023
March 20, 2023

Relief over Credit Suisse deal crumbles as focus shifts to bond risks

Banking stocks tumbled on Monday as initial relief over a historic state-backed rescue of troubled lender Credit Suisse by Swiss rival UBS Group gave way to new worries about the risks of high-yield debt issued by big banks.

March 20, 2023
March 20, 2023

Analysis: UBS swallows Credit Suisse, casting shadow over Switzerland

UBS Group (UBSG.S) emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet that makes the Swiss economy more dependent on a single lender.

March 18, 2023
March 18, 2023

UBS in talks to acquire Credit Suisse -FT

Banking giant UBS (UBSG.S) is in discussions to take over all or parts of Credit Suisse (CSGN.S), with the boards of Switzerland's two biggest lenders set to meet separately over the weekend, the Financial Times reported on Friday.

March 16, 2023
March 16, 2023

Credit Suisse thrown $54 billion lifeline in rush to ward off global bank crisis

Credit Suisse (CSGN.S) said on Thursday it would borrow up to $54 billion from Switzerland's central bank to shore up liquidity and investor confidence, after a slump in its shares had intensified fears about a global banking crisis.