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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 ...
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 ...
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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.
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.
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Credit Suisse Group AG and Japan's Nomura Holdings Inc took the main hit, with reported losses of $5.5 billion and $2 billion, respectively. [30] On April 27, 2021, UBS Group AG, Switzerland's biggest bank by assets, reported that it lost $774 million in connection with Archegos’ failure.
A sign and logo of Credit Suisse bank is seen beneath a sign of Swiss giant banking UBS in Zurich on March 20, 2023. (Photo by FABRICE COFFRINI/AFP via Getty Images) (FABRICE COFFRINI via Getty ...