Preview Mode

FM Home
> Credit suisse
Understanding Stock Splits: Everything You Need to Know
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
How to Buy Stocks: A Step-by-Step Guide
Education Center
FP Markets Wins Best Trading Conditions, Most Trusted Broker at Thought Leadership

Credit Suisse

Search for a tag
Institutional FX

UBS Posts $29 Billion Q2 Profit Induced by Credit Suisse Takeover

  • UBS will absorb the domestic banking unit of Credit Suisse.
  • It is planning to save up to $10 billion by 2026.
by Arnab Shome
Retail FX

News Nuggets | 18 July: Binance and CS to Cut Staff; Big Banks Partner on FX Trading

  • IPC Partners with CryptoStruct, and StoneX Group Rebrands.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
by Finance Magnates Staff
Institutional FX

More Japanese Brokers Entangled in Credit Suisse’s AT1 Bond Fallout

  • Japanese investors lost about $1 billion after Credit Suisse's AT1 bond write-off.
  • SBI, Rakuten and Monex sold the debt instruments, Bloomberg reported.
by Solomon Oladipupo
Institutional FX

Swiss Lawmakers’ Probe of Credit Suisse Crash to Kick Off This Week: Report

  • The lawmakers formally agreed to create an investigative commission in early June.
  • Credit Suisse was a troubled banking institution before its collapse in March.
by Solomon Oladipupo
Executives

Credit Suisse’s Execs in Israel Move to Swiss Private Bank EFG: Report

  • The CEO of UBS recently warned about major job cuts at CS' investment banking division.
  • Meanwhile, some top Credit Suisse executives exited after the UBS takeover.
by Solomon Oladipupo
Institutional FX

FINRA Slaps $900k Penalty on Credit Suisse's US Subsidiary

  • FINRA has sanctioned the US subsidiary of the Swiss giant.
  • Accusations included inaccurate trade reports.
by Damian Chmiel
Institutional FX

UBS' CEO Suggests Massive Job Cuts Loom for Credit Suisse's Investment Banking Division

  • The decision is explained by the need to reduce costs.
  • However, UBS does not provide exact figures.
by Damian Chmiel
Retail FX

News Nuggets | 12 June: Nasdaq to Acquire Adenza; A16z's London Office

  • Opensee names new COO; UBS changes Credit Suisse leadership.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
by Finance Magnates Staff
Institutional FX

UBS Completes Credit Suisse Takeover

  • The complex takeover was completed in three months.
  • The merged group now has a balance sheet of $1.6 trillion and assets of $5 trillion.
by Arnab Shome
FinTech

Switzerland Gives $10B Loss Guarantee to UBS for Credit Suisse Takeover

  • The guarantee covers a specific portfolio of Credit Suisse worth about CHF 44 Billion.
  • The Swiss government mediated UBS' emergency acquisition of Credit Suisse in March.
by Solomon Oladipupo
Institutional FX

UBS Expects to Close Credit Suisse Merger by Next Monday

  • Credit Suisse shares and ADS will delist following the merger.
  • Credit Suisse shareholders will receive one UBS share for every 22.48 shares held.
by Arnab Shome
Institutional FX

G20 Launches Inquiry into SVB and Credit Suisse amidst Global Banking Crisis

  • G20 to scrutinize SVB and Credit Suisse amidst the recent banking crisis.
  • In the meantime, HSBC renames SVB in the UK.
by Damian Chmiel
Institutional FX

Swiss Lawmakers Want to Cap UBS Assets Following Credit Suisse Takeover

  • Legislators say the huge amount of assets owned by UBS is a threat to the country.
  • The lender's assets doubled the size of Swiss GDP after the Credit Suisse acquisition.
by Jared Kirui
FinTech

Switzerland Hastens Bank Liquidity Project after Credit Suisse Fiasco

  • The public liquidity backstop is targeted at systemically important Swiss banks.
  • Switzerland deployed emergency laws for liquidity to rescue Credit Suisse.
by Solomon Oladipupo
Institutional FX

UBS' Q1 Profit Dips 52% due to an Increased Legal Provision

  • The bank sided $665 million for litigation fees.
  • Its wealth management unit added $28 billion in new funds.
by Arnab Shome
Institutional FX

Credit Suisse Loses CHF 1.3 Billion in Q1 2023, Resigns From Klein Takeover

  • The controversial write-off of CHF 15 billion AT1 bonds resulted in a one-off profit.
  • However, the adjusted results showed a loss of CHF 1.3 billion.
by Damian Chmiel
FinTech

US Senators: Credit Suisse Restricted Internal Probe into Nazi-Linked Accounts

  • Credit Suisse allegedly operated 99 undisclosed Nazi-linked accounts.
  • The 166-year-old Swiss lender said no evidence was found, according to Reuters.
by Solomon Oladipupo
Retail FX

News Nuggets | 13 April: CySEC's Warning; New Features on Fortex's XForce

  • A new funding round of Altruist and Next Gate Tech; and a fraudulent crypto platform in Botswana.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
by Finance Magnates Staff
Institutional FX

Swiss Lawmakers Reject CHF 109B Guarantee to Credit Suisse

  • The voting was symbolic as it could not overturn the state's decision.
  • Lawmakers are now questioning the country's emergency laws.
by Arnab Shome
Institutional FX

UBS Slashes 36,000 Jobs Following Credit Suisse Takeover

  • UBS leads the layoffs in the finance and technology sector.
  • The massive job cuts started in October 2022.
by Damian Chmiel
Op-ed
Op-ed
FinTech
Op-ed
Op-ed

The Fall of Credit Suisse Gives Wings to PSD2

  • The directive that regulates the field of electronic money institutions is the cornerstone of open banking licensing.
  • The collapse of Credit Suisse has similar indicators in the US to Silvergate and Silicon Valley Bank.
by Ella Rosenberg
Institutional FX

Swiss Prosecutors Probe UBS and Credit Suisse Merger

  • The federal prosecutors are concerned about any criminal breaches.
  • The Swiss government backed the acquisition.
by Arnab Shome
Op-ed
Op-ed
Retail FX
Op-ed
Op-ed

Previous Restructuring May Minimise Impact of Credit Suisse Sale on FX Market

  • Traders Looking for Pointers on Euro Prospects Following UBS Acquisition.
  • Swiss Franc Expected to Retain Safe Haven Status.
by Paul Golden
FinTech

US Report: Credit Suisse Aided Rich Clients’ Tax Evasion in Deal Breach

  • The Swiss bank paid $495 million as a settlement to the US regulator last year.
  • Rival UBS recalled the former CEO to oversee the Credit Suisse takeover.
by Solomon Oladipupo
Executives

Ex-UBS CEO Is Back after 2 Years to Lead the Credit Suisse Takeover

  • Ermotti replaces Hamers and returns after a two-year break.
  • Hamers embraced the change and wanted to "serve the interests of the new combination."
by Damian Chmiel
See more
Next
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}