Credit Suisse

UBS was 'rushed into' unwanted Credit Suisse rescue merger

Credit Suisse's involvement in a series of corporate collapses spooked clients who began withdrawing their money, a trend that accelerated when US bank failures sparked fear of a broader banking crisis

US Fed admits to failure in identifying start-up bank troubles

SVB’s failure on March 10 after taking on too much interest-rate risk caused shock waves throughout the banking sector, and led to the failure of another regional US bank and the merger under pressure of Swiss investment banking giant Credit Suisse

UBS-Credit Suisse merger: What the future will look like for the 'superbank'

UBS CEO Sergio Ermotti revealed how Switzerland's largest bank will integrate Credit Suisse once the takeover is completed in the coming months

More than $68 billion withdrawn from Credit Suisse ahead of UBS takeover

Credit Suisse said the 'significant net asset outflows' were particularly heavy in the second half of March, as it was engulfed by panic prior to the hastily arranged takeover by its larger domestic competitor

Credit Suisse bankers jostle for slim pickings at UBS, say sources

In order to move rapidly on possible new employment after the merger is done, UBS bankers have recently started meeting with their Credit Suisse colleagues in the world's largest financial cities, according to sources

Following backlash, Swiss parliament calls emergency session on Credit Suisse bailout

Swiss parliamentarians have criticized the rapid rescue effort, which saw Credit Suisse taken over by UBS for 3 billion Swiss francs and propped up with over 250 billion francs in guarantees. The Swiss parliament will meet in Bern for an extraordinary session to discuss Credit Suisse’s downfall

'Truly sorry': Credit Suisse chiefs apologise to angry shareholders

The 167-year-old bank's final AGM was the first chance Credit Suisse shareholders had to voice their frustrations, and some were in tears as they counted the cost of the bank's implosion

Up to 30% of jobs may go in UBS-Credit Suisse merger, say reports

The takeover by UBS of Credit Suisse was hastily arranged by the Swiss government on 19 March to prevent a global financial meltdown, following fears of contagion from the collapse of banks in the United States

Credit Suisse hid over $700 million from US Department of Justice: Senate

The report released on Wednesday found Credit Suisse had “violated key terms of its plea agreement,” in particular by not informing the DOJ when it moved close to $100 million from a previously undisclosed account belonging to a single US-Latin American family to other Swiss banks

Shotgun Marriage: Union Bank of Switzerland chief says integrating UBS-Credit Suisse is risky

UBS and Credit Suisse, the second-biggest bank in Switzerland, were both among the select banks around the world considered to be global systemically important financial institutions