Credit Suisse Reveals it Lost $68 Billion in Q1 2023 as Outflows Continue
Credit Suisse has revealed that it lost 61 billion Swiss francs, equivalent to $68 billion, during the first quarter of 2023. The troubled lender has…
Posts Tagged: Credit Suisse
UBS Announces Massive Job Cuts Following Credit Suisse Merger, Bank Failures
The financial world has been rocked by the recent news of crypto-friendly bank failures, with UBS leading the charge by acquiring Credit Suisse in order…
Credit Suisse’s Sale May Not Have As Strong an Impact on the FX Market As Previously Thought
Credit Suisse has had its fair share of problems lately, and many expected them to have a big impact on the robustness of the wider…
UBS Offers Retention Packages to Credit Suisse Wealth Management Staff in Asia
UBS Group is looking to retain Credit Suisse’s wealth management staff in Asia. To do so, the company has promised staff retention packages. UBS Group…
US Probes Banks for Potential Infringement of Russian Sanctions
The regulatory agencies in the United States are probing into crypto-friendly banking institutions to point out if any infringement of the Russian sanctions was carried…
Gold Tops $2,000 Before Paring Gains, Finds Support on Banking Crisis
Gold futures topped $2,000 in intraday trading to kick off the trading week, buoyed by a weaker US dollar, the banking crisis, and shifting expectations…
UBS Signs Deal To Acquire Credit Suisse for CHF 3 Billion
UBS, one of the leading financial institutions in Switzerland, has announced that it will pay 3 billion Swiss francs, equivalent to $3.23 billion, to acquire…
Switzerland Gearing Up for the UBS Acquisition of Credit Suisse
According to reports, the Swiss National Bank and Switzerland’s financial watchdog think that UBS, the country’s largest bank, should buy investment bank Credit Suisse to…