Credit Suisse saw $68 billion in first-quarter outflows as it crumbled ZURICH: Credit Suisse said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in the first... Updated 24 Apr, 2023 11:28am
Markets Credit Suisse bondholders sue Swiss regulator over $17bn bond wipeout Credit Suisse Group AG bondholders, representing $4.5 billion of the $17 billion of wiped-out Additional Tier 1... Published 21 Apr, 2023 10:50am
Markets Credit Suisse bankers jostle for slim pickings at UBS HONG KONG/LONDON: Credit Suisse Group AG’s dealmakers, hoping to secure jobs after UBS Group AG’s rescue takeover,... Published 20 Apr, 2023 10:55am
Business & Finance Citigroup hikes 2023 global growth forecast, sees US recession only in Q4 Citigroup raised its 2023 global economic growth forecast to 2.4%, citing “solid” performance in the United States,... Published 19 Apr, 2023 05:28pm
Markets UBS makes changes to buyback programme following Credit Suisse takeover ZURICH: UBS on Tuesday said it was making changes to its $6 billion share buyback programme following its takeover... Published 18 Apr, 2023 10:55am
Business & Finance Credit Suisse rescue package rejected by Swiss parliament BERN: Switzerland’s parliament rejected on Wednesday the government’s 109 billion Swiss francs ($120.82 billion)... Published 17 Apr, 2023 06:41am
Business & Finance Credit Agricole urges EU to end ‘unfair’ safety net funding LONDON: French bank Credit Agricole has called on the European Union to address what it says is an unfair system of... Published 11 Apr, 2023 06:27pm
Markets Swiss president to defend Credit Suisse takeover in parliament BERN: Swiss President Alain Berset on Tuesday will defend the orchestrated takeover of Credit Suisse by UBS at an... Published 11 Apr, 2023 11:08am
Print Bank takeover prevented Swiss economy collapse: minister GENEVA: Swiss Finance Minister Karin Keller-Sutter said Switzerland’s economy would probably have collapsed had... Updated 10 Apr, 2023 08:28am
Business & Finance Credit Suisse chief says sorry to angry shareholders ZURICH: Credit Suisse chairman Axel Lehmann said Tuesday he was “truly sorry” that the beleaguered bank could ... Published 10 Apr, 2023 06:45am
Markets Gold scales 1-year peak as slowdown worries mount NEW YORK: Safe-haven gold touched its highest in one year on Wednesday as recent US economic data fanned fears of a... Published 06 Apr, 2023 06:20am
Markets Global equities waver as US data raises recession fear LONDON: World stock markets wavered Wednesday as investors dwelled on US recession concerns and a bumper... Updated 05 Apr, 2023 04:34pm
Markets UBS shareholders to weigh in on Credit Suisse mega-merger GENEVA: UBS shareholders get their first chance to grill the bank's bosses Wednesday over its shotgun marriage to... Updated 05 Apr, 2023 10:47am
Markets Credit Suisse faces anger at final shareholder meeting ZURICH: Credit Suisse will face shareholder anger on Tuesday at what will be its final annual general meeting after... Published 04 Apr, 2023 11:20am
Markets UBS and Credit Suisse shares drop as Swiss prosecutor investigates takeover LONDON: Credit Suisse and UBS shares fell on Monday after Switzerland’s federal prosecutor opened an investigation... Published 03 Apr, 2023 07:47pm
Markets Julius Baer CEO eyes gains from Credit Suisse’s fall ZURICH: Julius Baer is having “constructive discussions” with Credit Suisse staff who are looking to leave following... Published 03 Apr, 2023 12:19pm
Business & Finance Swiss prosecutors say investigating UBS-Credit Suisse merger GENEVA: Swiss federal prosecutors said Sunday that they had begun investigating the UBS takeover of its embattled... Published 03 Apr, 2023 07:25am
Business & Finance UBS former CEO returns to handle ‘huge’ Credit Suisse takeover risks ZURICH: UBS announced on Wednesday it will bring back former chief executive Sergio Ermotti to handle the huge risks... Published 03 Apr, 2023 06:36am
Business & Finance Swiss prosecutors say investigating UBS-Credit Suisse merger GENEVA: Swiss federal prosecutors said Sunday that they had opened an inquiry into the UBS takeover of its embattled... Published 02 Apr, 2023 11:53pm
Opinion SDR allocation, monetary tightening, inflation, and banking crisis While the International Monetary Fund (IMF) continues to not provide a much-needed special drawing rights (SDRs)... Published 31 Mar, 2023 06:45am
Editorials ‘Need for vigilance’ EDITORIAL: It’s interesting, and ominous, that IMF (International Monetary Fund) chief Kristalina Georgieva... Published 31 Mar, 2023 06:45am
Opinion Preparing for the ‘petroyuan’? I wonder how long a certain Zoltar Pozsar, New York-based economist and investment research director at Credit ... Published 30 Mar, 2023 06:35am
Markets Banks boost European stocks as UBS climbs after naming of CEO PARIS: European shares rose on Wednesday supported by gains in banking stocks, including UBS, which rose after ... Published 30 Mar, 2023 06:35am
Business & Finance Credit Suisse has violated US tax evasion deal, Senate Committee finds LONDON: Credit Suisse violated a 2014 plea deal with U.S. authorities by continuing to help ultra-wealthy Americans... Published 29 Mar, 2023 06:15pm
Markets Euro zone bond yields tread water as bank worries cool LONDON: Euro zone government bond yields were little changed on Wednesday, after two days of increases, as worries... Published 29 Mar, 2023 01:07pm
Markets Hong Kong leads Asian markets higher on Alibaba boost HONG KONG: Asian stocks were broadly up on Wednesday to buck losses on Wall Street, led by massive gains for Chinese... Published 29 Mar, 2023 09:12am
Business & Finance UniCredit gets ECB approval for 3.34bn euro share buyback MILAN: UniCredit said on Tuesday it had received supervisory approval to buy back its own shares for up to 3.34... Published 28 Mar, 2023 08:38pm
Markets Saudi National Bank chair resigns after Credit Suisse buyout RIYADH: The chairman of Saudi National Bank, which was the main shareholder of troubled lender Credit Suisse before... Published 27 Mar, 2023 01:53pm
Business & Finance Global bank watchdog vows to ‘learn lessons’ after turmoil PARIS: The Basel Committee on Banking Supervision, charged with worldwide oversight, said Thursday that it would... Published 27 Mar, 2023 07:28am
Business & Finance Credit Suisse could face disciplinary action, Swiss regulator says ZURICH: Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit... Published 27 Mar, 2023 07:26am