Search results
Results From The WOW.Com Content Network
SNB’s chairman, Ammar Al Khudairy, said Credit Suisse was “a very strong bank” and was unlikely to need more cash after raising 4bn Swiss francs (£3.59bn) to fund a major restructuring plan ...
After much speculation and concern about a banking crisis, UBS made its play for its stricken long-time Swiss rival late Sunday by agreeing to a $3.2 billion takeover of Credit Suisse (). "It's a ...
For premium support please call: 800-290-4726 more ways to reach us
SVB collapse – latest: Credit Suisse to borrow £44.5bn after crash amid fears of economic crisis Oliver O'Connell and Alisha Rahaman Sarkar March 16, 2023 at 12:39 AM
The final deal to purchase Credit Suisse for CHF 3 billion ($3.2 billion) was accepted by the board of Credit Suisse prior to the opening of Asian financial markets on Monday morning. The acquisition was an all-stock deal, with Credit Suisse shareholders receiving 1 UBS share per 22.48 Credit Suisse shares, equivalent to CHF 0.76 per share.
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here. Finance News & Latest Business Headlines - AOL.com
According to Bloomberg News, Credit Suisse held about $33 billion for Russian clients, 50% more than UBS. [104] In late April 2023, the political and economic fall-out had been evaluated by a number of economic analysts, particularly the resulting lack of banking competition in Switzerland's economy.
The Federal Reserve's latest policy decision will come Wednesday afternoon as investors have endured what have been two of the most turbulent weeks for the financial sector since the 2008 crisis.