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Credit Suisse

  • Global Wealth Drops For First Time Since 2008 Financial Crisis
    Global Wealth Drops For First Time Since 2008 Financial Crisis
    Most of losses heavily concentrated in wealthier and more developed regions, such as North America and Europe, which lost a combined $10.9 trillion in 2022.
    August 18, 2023BY Bryan Jung
  • UBS Completes Takeover of Credit Suisse in Deal Meant to Stem Global Financial Turmoil
    UBS Completes Takeover of Credit Suisse in Deal Meant to Stem Global Financial Turmoil
    BERLIN—UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after ...
    June 12, 2023BY The Associated Press
  • UBS Says Its Rescue of Credit Suisse Was a Rushed Deal With Unclear Risks
    UBS Says Its Rescue of Credit Suisse Was a Rushed Deal With Unclear Risks
    Switzerland's biggest bank UBS said that it was unable to carry out a comprehensive assessment of the assets ...
    May 17, 2023BY Tom Ozimek
  • Ottawa Grants Itself Extraordinary Powers to Prepare for ‘Potential’ Bank Runs
    Ottawa Grants Itself Extraordinary Powers to Prepare for ‘Potential’ Bank Runs
    Bank scares in the United States and Switzerland have prompted the federal government to grant itself extraordinary powers ...
    April 29, 2023BY Isaac Teo
  • Credit Suisse Lost $68 Billion in Assets Last Quarter, Outflows Continue
    Credit Suisse Lost $68 Billion in Assets Last Quarter, Outflows Continue
    ZURICH—Credit Suisse said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in ...
    April 24, 2023BY Reuters
  • Credit Suisse Failed to Investigate Its Past Ties With Nazis: Senate Panel
    Credit Suisse Failed to Investigate Its Past Ties With Nazis: Senate Panel
    Swiss investment bank Credit Suisse failed to review “all relevant records” of potential Nazi accounts while also firing ...
    April 20, 2023BY Naveen Athrappully
  • Credit Suisse Rescue Package Rejected by Swiss Parliament
    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) aid for Credit Suisse's merger ...
    April 13, 2023BY Reuters
  • Swiss Prosecutors Probe Credit Suisse Ahead of UBS Takeover
    Swiss Prosecutors Probe Credit Suisse Ahead of UBS Takeover
    GENEVA—The Swiss attorney general’s office says it has opened a probe into the events surrounding embattled bank Credit ...
    April 3, 2023BY The Associated Press
  • Chinese Media Claim Hong Kong Is a Safe Place to Invest Amid Global Banking Crisis, Expert Disagrees
    Chinese Media Claim Hong Kong Is a Safe Place to Invest Amid Global Banking Crisis, Expert Disagrees
    News Analysis Amid low investor confidence due to recent bank failures in the United States and Switzerland, Chinese ...
    April 1, 2023BY Kathleen Li and Sean Tseng
  • Analysts: Deutsche Bank Isn’t Next Credit Suisse
    Analysts: Deutsche Bank Isn’t Next Credit Suisse
    After the collapse of Switzerland’s second-largest bank, Credit Suisse, investors looking for the next bank failure fixed their ...
    March 30, 2023BY Kevin Stocklin
  • Sergio Ermotti Returns as UBS CEO to Steer Credit Suisse Takeover
    Sergio Ermotti Returns as UBS CEO to Steer Credit Suisse Takeover
    ZURICH—UBS Group AG has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbor Credit Suisse—a ...
    March 29, 2023BY Reuters
  • UK Banking System Faces ‘Very Heightened Tension’: BoE Governor
    UK Banking System Faces ‘Very Heightened Tension’: BoE Governor
    The UK financial system is in a period of “very heightened tension and alertness” for further turmoil in ...
    March 28, 2023BY Alexander Zhang
  • The Fed’s Dilemma: Fight Inflation or Save Failing Banks
    The Fed’s Dilemma: Fight Inflation or Save Failing Banks
    News Analysis The Federal Reserve has painted itself into a corner with its fight against inflation, and some ...
    March 25, 2023BY Kevin Stocklin
  • Swiss Central Bank Hikes Interest Rates Despite Credit Suisse Turmoil
    Swiss Central Bank Hikes Interest Rates Despite Credit Suisse Turmoil
    The Swiss National Bank (SNB) raised its interest rates by 50 basis points despite the turmoil over the ...
    March 23, 2023BY Bryan Jung
  • Bank Failures Highlight Risks of Using ESG in Americans’ Pension Funds
    Bank Failures Highlight Risks of Using ESG in Americans’ Pension Funds
    President Joe Biden used his veto power on Monday to block a bipartisan action from Congress that would ...
    March 22, 2023BY Kevin Stocklin
  • Troubled Credit Suisse Has Chinese Communist Party-Linked Member on Its Risk Committee
    Troubled Credit Suisse Has Chinese Communist Party-Linked Member on Its Risk Committee
    Credit Suisse bank, which collapsed last week, revealed on its website that it had a CCP-affiliated member on ...
    March 22, 2023BY Bryan Jung
  • Swiss Suspend Bonus Payouts to Credit Suisse Staffers
    Swiss Suspend Bonus Payouts to Credit Suisse Staffers
    GENEVA—Switzerland's government said Tuesday that it's ordering Credit Suisse to temporarily suspend bonuses for employees after orchestrating a ...
    March 21, 2023BY The Associated Press
  • When One Zombie Eats Another: Why UBS’s Rescue of Credit Suisse Changes Nothing
    When One Zombie Eats Another: Why UBS’s Rescue of Credit Suisse Changes Nothing
    Commentary What happens when one zombie eats another? All the disgusting and fetid zombie parts of the consumed ...
    March 21, 2023BY Michael Wilkerson
  • US Taxpayers Could Be on the Hook for Credit Suisse Bailout, Expert Warns
    US Taxpayers Could Be on the Hook for Credit Suisse Bailout, Expert Warns
    Following an emergency announcement on Sunday evening, the Federal Reserve loaned the Swiss National Bank (SNB) $101 million ...
    March 21, 2023BY Liam Cosgrove
  • ‘Australia’s Banks Are Unquestionably Strong’: RBA Assures Australians After US Banking Crisis
    ‘Australia’s Banks Are Unquestionably Strong’: RBA Assures Australians After US Banking Crisis
    The Reserve Bank of Australia (RBA) has assured the public that Australian banks are in a solid position ...
    March 20, 2023BY Alfred Bui
  • NTD Evening News (March 20): Surprise Witness Testifies in Trump Case; China’s Xi Stresses Close Ties With ‘Dear Friend’ Putin
    NTD Evening News (March 20): Surprise Witness Testifies in Trump Case; China’s Xi Stresses Close Ties With ‘Dear Friend’ Putin
    Attorney Robert Costello gave unexpected testimony on March 20 in the New York hush money investigation of former ...
    March 20, 2023BY Stefania Cox
  • The Fed Is Running Two Policies at Once
    The Fed Is Running Two Policies at Once
    Commentary Last week was a grim reminder that the economic chaos of the lockdown period is far from ...
    March 20, 2023BY Jeffrey A. Tucker
  • Elon Musk Shocked by $100 Billion Liquidity Support for Credit Suisse Rescue Deal
    Elon Musk Shocked by $100 Billion Liquidity Support for Credit Suisse Rescue Deal
    Twitter CEO Elon Musk has expressed his shock that investment banking company UBS would get a $100 billion ...
    March 20, 2023BY Katabella Roberts
  • Credit Suisse Shares Crash to Record Low After Emergency Takeover
    Credit Suisse Shares Crash to Record Low After Emergency Takeover
    Credit Suisse shares dove by 63 percent in early trading on March 20 to a new low after ...
    March 20, 2023BY Tom Ozimek
  • UK Financial System ‘Safe and Sound,’ Central Bank Says After Credit Suisse Deal
    UK Financial System ‘Safe and Sound,’ Central Bank Says After Credit Suisse Deal
    Britain’s central bank has said the UK financial system remains “safe and sound” as it seeks to calm ...
    March 20, 2023BY Alexander Zhang
  • The Swiss Banking Sector: More Holes than Swiss Cheese
    The Swiss Banking Sector: More Holes than Swiss Cheese
    Commentary When someone says Switzerland, you might think of clocks and banks. All because of the country’s reputation ...
    March 20, 2023BY Eric Abetz
  • Swiss Government: UBS to Take Over Credit Suisse for More Than $3 Billion
    Swiss Government: UBS to Take Over Credit Suisse for More Than $3 Billion
    Investment banking company UBS has agreed to purchase its rival Credit Suisse in a deal worth more than ...
    March 19, 2023BY Emel Akan
TOP NEWS
  • Israel Strikes Iran After Tehran’s Missile Attack
    2hr By T.J. Muscaro
    Israel Strikes Iran After Tehran’s Missile Attack
  • America in Photos: USS Iwo Jima Naval Homecoming, Belmont Stakes Horse Race, and Tiananmen Massacre Memorial
    3hr By Epoch Times Staff
    America in Photos: USS Iwo Jima Naval Homecoming, Belmont Stakes Horse Race, and Tiananmen Massacre Memorial
  • Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
    7hr By T.J. Muscaro
    Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
  • Iran Launches First Missiles at Israel Since Ceasefire Agreement
    7hr By Jacki Thrapp and T.J. Muscaro
    Iran Launches First Missiles at Israel Since Ceasefire Agreement
  • Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
    9hr By Jack Phillips
    Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
  • Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
    9hr By Savannah Hulsey Pointer
    Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
  • US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
    11hr By Jacki Thrapp
    US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
  • US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
    11hr By Jacki Thrapp
    US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
  • Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
    12hr By Mercura Wang
    Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
  • Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
    16hr By Lawrence Wilson
    Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
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