UK banks can be wound down without public funds – BoE
The Bank of England (BoE) announced on Tuesday that Britain's top eight banks, including HSBC, Barclays, Lloyds,…
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Credit Suisse
UBS completes merger with Credit Suisse’s Swiss unit
Swiss bank UBS announced on Monday the completion of its merger with Credit Suisse's domestic operations.
Switzerland’s economy to grow 1.4% in ’25 – IMF
The International Monetary Fund (IMF) has forecast a gradual recovery for Switzerland’s economy, predicting an…
Foreign lenders eye Swiss market post UBS-Credit Suisse deal
As Credit Suisse fades into history following its takeover by UBS, global banks are expanding their presence in…
UBS, Credit Suisse Swiss units merger expected by July 1
The merger of the Swiss units of UBS and Credit Suisse could be finalised as early as July 1, as reported by…
Swiss central bank to elect new chief soon
The Swiss National Bank's (SNB) supervisory board is nearing a decision on its nominee to succeed Chairman Thomas…
Swiss Minister flags legal concerns in global bank closures
Swiss Finance Minister Karin Keller-Sutter emphasised the need for international financial authorities to address…
UBS job cuts to start late ’24 – CEO
UBS's CEO announced on Tuesday that the bulk of job reductions in Switzerland, the bank’s home market, would…
UBS to begin layoffs in June post Credit Suisse buyout
Swiss banking behemoth UBS will initiate five-stage layoffs starting in June as part of its cost-cutting programme…
UBS Group gears up for fresh wave of job reductions
UBS Group is reportedly gearing up for another wave of workforce reductions following its acquisition of Credit…
IMF urges major financial reforms in Switzerland
The International Monetary Fund (IMF) stated on Thursday that Switzerland requires robust financial sector reforms…
UBS bank plans to explore US deals
Swiss banking giant UBS is planning to explore merger and acquisition opportunities in the United States in the…
Credit Suisse withdrawals reach $68.6 bln
The Credit Suisse collapse in March was triggered by depositor withdrawals of $68.6 billion, which lead to the…
UBS Q1 net profit goes down by 52%
UBS Group’s year-on-year net profit in the first quarter of 2023 has declined by 52 percent, reaching $1.03…
Swiss UBS plans to cut up 20-30% of its workforce
Switzerland’s UBS Group AG, which recently acquired Credit Suisse, plans to reduce its workforce by 20-30 percent,…
Bank of England on high alert amidst current turmoil
Investors are hunting for points of weakness in banking with risks in the sector remaining high, as the Bank of…
IMF chief warns against global financial stability risks
Kristalina Georgieva, International Monetary Fund chief warned on Monday against the increasing financial stability…
UBS acquires Credit Suisse for $3.25 billion
The Swiss National Bank announced on Sunday in a statement that UBS is taking over Credit Suisse for $3.25 billion.
El-Erian: UBS acquisition of Credit Suisse most reasonable option
Egyptian-American economist Mohamed El-Erian, said that Union Bank of Switzerland’s (UBS) hasty deal to acquire its…
ECB sticks to keep increasing its interest rates
The European Central Bank (ECB) is expected to continue increasing interest rates, as the 2008 financial crisis is…
Credit Suisse borrows $50bln from Swiss National Bank
Credit Suisse said on Wednesday it would borrow some 50 billion Swiss Franc ($53.7 billion) from the Swiss National…
Former top Credit Suisse shareholder sells full bank stake
American businessman, David Herro, said on Sunday that Harris Associates, one of Credit Suisse’s major…
Credit Suisse sees positive outlook for Egypt stock market
Egypt’s stock market (EGX) is poised for a recovery led by a positive outlook for local companies, Credit Suisse…
Egypt stock market becoming more attractive: Credit Suisse
Ahmed Badr, head of equities for the Middle East, North Africa at Credit Suisse, talks about the region's stock…
Credit Suisse Q2 net profit jumps 45% on cost discipline
Credit Suisse reported on Wednesday its highest quarterly earnings in four years, hailing frugal cost management as…
Credit Suisse optimistic about Egypt’s economy
The economic growth cycle of Egypt still has several years ahead to go, said Swiss Credit Suisse Group head of…
Egyptian Electricity Holding signs Credit Suisse and HSBC-led $900 mln loan
State-owned Egyptian Electricity Holding Company (EEHC) has electronically signed on Tuesday a $900 million…
Egypt makes fiscal progress under IMF reform programme: Analyst
Egypt has made fiscal progress under the International Monetary Fund reform programme, Credit Suisse International…
European stocks higher as insurance stocks lead gains; Hurricane Irma weakens
European stock markets inched higher on Monday morning, backed by gains in Asian trade as investors continued to…
Credit Suisse posts 78% profit rise as AUMs hit record
Credit Suisse reported on Friday a strong surge in net income for its second quarter, adding that assets under…
Credit Suisse forecasts oil prices will be stuck below $60 through 2020
Analysts once believed an agreement by oil producers to inject less would send crude prices to $60 a barrel in…
Banque Misr negotiating $500 million loans from Credit Suisse, ADIB
Egypt’s second biggest bank, state-owned Banque Misr is negotiating $500 million agreements with Credit Suisse…
Credit Suisse, Deutsche Bank to be dropped from STOXX Europe 50 index
Credit Suisse (CSGN.S) and Deutsche Bank (DBKGn.DE) will be dropped from the STOXX Europe 50 index .STOXX50 from…
Europe stocks choppy; Fed, BOJ, earnings in focus
European stocks seesawed Thursday as markets digested the latest monetary policy decision from the U.S. Federal…
European stocks surge as outlook for oil, Greece brightens
Europe’s stocks moved up on Tuesday as gains for Credit Suisse AG and Volkswagen AG shares and an important…
European stocks head for 2nd straight gain on brighter mood for oil, Greece
European stocks inched higher Tuesday, with investors focusing on gains for Credit Suisse AG shares and some…
European stocks pare gains with oil as Credit Suisse falls
European stocks pared Thursday an earlier advance as oil trimmed its rise while the euro strengthened. The Stoxx…
Barclays, Credit Suisse strike record deals with SEC, NY over dark pools
Barclays (BARC.L) and Credit Suisse (CSGN.VX) have settled federal and state charges that they misled investors in…
Shell signs $15.3 billion Bridge Loan
Royal Dutch Shell (RDSa.L) has agreed a 10.07 billion pound ($15.28 billion) bridge loan from a group of…
Credit Suisse Escapes Worst As It Pleads Guilty To U.S. Charges
Credit Suisse on Monday became the largest bank in 20 years to plead guilty to a U.S. criminal charge, and will pay…