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Swiss regulator vows to hold Credit Suisse bosses to account

Agence France-Presse
Posted at Mar 27 12:11 AM

Swiss financial regulator Finma is probing how to hold bosses at Credit Suisse to account following its emergency takeover by rival UBS. Read more »

UBS, Credit Suisse tie-up may not lead to Swiss bliss

Robin Millard, Agence France-Presse
Posted at Mar 24 07:07 AM

The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown -- but the size of the resulting megabank could cause domestic problems in Switzerland, the central bank admitted Thursday. Read more »

Bank shares wobble after Credit Suisse buyout

Agence France-Presse
Posted at Mar 21 03:30 AM

US and European stock markets rose but bank shares wavered in volatile trading on Monday after financial authorities scrambled to ease fears of a crisis in the banking system. Read more »

THE DAY IN PHOTOS: March 20, 2023

ABS-CBN News
Posted at Mar 20 11:22 PM

Here are the day's top stories in photos. Read more »

European bank crisis

Fabrice Coffrini, AFP
Posted at Mar 20 10:06 PM

Shares in European banks sank on March 20 despite a buyout of Credit Suisse by Swiss lender UBS aimed at preventing a global banking crisis. Read more »

Saudi bank says 'no impact' on growth plans after Credit Suisse buyout: statement

Agence France-Presse
Posted at Mar 20 03:53 PM

Credit Suisse's largest shareholder Saudi National Bank on Monday said there was "no impact" on its growth plans or profitability after the troubled lender's buyout by UBS. Read more »

UBS takeover of Credit Suisse: the main points

Nathalie Olof-Ors, Agence France-Presse
Posted at Mar 20 11:10 AM

The takeover of Credit Suisse by UBS will create a banking giant unprecedented in Switzerland, where banking is a core part of the national identity. Read more »

UBS, Credit Suisse lock horns in takeover talks

Fabrice COFFRINI with Robin MILLARD in Geneva, Agence France-Presse
Posted at Mar 19 11:20 PM

UBS is prepared to take over its troubled Swiss rival Credit Suisse but only for a knockdown price, reports said Sunday. Read more »

Credit Suisse: hit by scandals and market panic

Nathalie Olof-Ors, Agence France-Presse
Posted at Mar 16 08:38 AM

Credit Suisse shares went into free fall Wednesday, as the banking giant battered by a series of scandals, was seen as the "weakest link" in the Swiss banking sector. Read more »

Credit Suisse posts $7.9 billion net loss for 2022

Agence France-Presse
Posted at Feb 09 02:46 PM

Credit Suisse said it expected to post a substantial loss this year after the beleaguered bank reported a net loss of 7.293 billion Swiss francs ($7.93 billion) for 2022. Read more »

Embattled Credit Suisse to buy back $3-B debt

Agence France-Presse
Posted at Oct 07 04:57 PM

Troubled Swiss banking giant Credit Suisse announced plans to buy back up to 3 billion Swiss francs of debt. Read more »

Moody's, S&P downgrade Credit Suisse, sinking shares

Agence France-Presse
Posted at Aug 03 08:38 AM

Ratings agencies Moody's and Standard & Poor's downgraded scandal-hit Credit Suisse, given the restructuring Switzerland's second-biggest bank will have to undertake in a more challenging environment. Read more »

No need to boost press freedoms after ‘Suisse Secrets’: committee

Agence France-Presse
Posted at May 07 09:00 AM

A Swiss parliamentary committee on Friday rejected calls to overhaul banking secrecy rules that critics warn stifle free speech in the country. Read more »

'Suisse Secrets' puts Swiss banking back in spotlight

Nathalie Olof-ors, Agence France-Presse
Posted at Feb 22 12:39 PM

The "Suisse Secrets" data leak claiming to reveal how Credit Suisse handled billions of dollars in dirty money has renewed pressure on Switzerland's financial sector, which has spent years trying to clean up its image. Read more »

Credit Suisse on the defensive after dirty money data leak

Michael Shields and Francois Murphy, Reuters
Posted at Feb 22 08:40 AM

Credit Suisse was plunged into a dirty money scandal after media outlets reported the Swiss bank had managed accounts for human rights abusers, fraudsters and businessmen who had been placed under sanctions. Read more »

'Swissleaks' investigation targets Credit Suisse bank

Erwan Lucas, Agence France-Presse
Posted at Feb 21 09:13 AM

Credit Suisse bank, still reeling from losing billions of dollars last year, faced a fresh challenge Sunday: allegations from an international investigation that it had handled dirty money for decades. Read more »