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Fears over a banking crisis have resurfaced after Credit Suisse said it would borrow up to 50 billion Swiss francs (£45 billion) from Switzerland's central bank to bolster its finances.. The Hang ...
Credit Suisse Group AG (NYSE: CS) shares fell Friday premarket after reports that the company is looking to raise fresh capital. The Swiss bank is approaching the investors for the fourth time in ...
Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a ...
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.
London markets grapple with takeover as FTSE 100 down 0.7 per cent today Credit Suisse news – latest: UBS shares suffer largest fall since 2008 after rescue deal Skip to main content
Acquisition of Credit Suisse by UBS. UBS Group AG, supported by the Swiss government, reaches a deal to merge with Credit Suisse as the latter faces imminent insolvency. Disasters and accidents. At least 19 people are killed and 25 others are injured when their bus falls into a ditch in Madaripur District, Dhaka Division, Bangladesh.
Credit Suisse was also a primary dealer and Forex counterparty of the Federal Reserve in the United States. Credit Suisse was founded in 1856 to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid and the European rail system.
U.S. stocks edged upward Monday, led by the Dow, following UBS's deal to buy smaller rival Credit Suisse in a bid to avoid further market-shaking turmoil in global banking.