Page 2 Credit Suisse: Latest News and Updates, Top Stories, Videos, Photos About Credit Suisse

Swiss Prosecutors Probe 'Credit Suisse' Ahead Of UBS Takeover

The Swiss attorney general's office says it has opened a probe into the events surrounding embattled bank Credit Suisse, which is to be taken over by rival UBS. Switzerland's government and financial regulators helped engineer the hastily arranged, USD 3.25 billion ...

US: 'Credit Suisse' Violates Deal On Rich Clients' Tax Evasion

Credit Suisse violated a plea agreement with US authorities by failing to report secret offshore accounts that wealthy Americans used to avoid paying taxes, US lawmakers said Wednesday, releasing a two-year investigation that detailed the role employees at the embattled Swiss ...

Senate: 'Credit Suisse' Still Helps Rich Americans Evade Taxes

US lawmakers say Credit Suisse kept allowing wealthy Americans to dodge tax payments, finding after a two-year investigation that the embattled Swiss bank violated a 2014 plea agreement it entered for enabling tax evasion. The US Senate Finance Committee on Wednesday ...

UBS Rehires Ex-CEO, Sergio Ermotti To Handle Credit Suisse Takeover

Ex-CEO Sergio Ermotti has been rehired as the CEO by UBS Group AG to handle the massive takeover of neighbour Credit Suisse, as per a Reuters report. It is a suprising move by UBS indents to take advantage of his experience ...

Saudi National Bank Chair Resigns After 'Credit Suisse' Storm

The chairman of Saudi National Bank resigned for "personal reasons" after his comments on Credit Suisse sent that firm's stock cratering, a regulatory filing in the kingdom said on Monday. The filing on Riyadh's Tadawul stock exchange announced Ammar al-Khudairy's resignation ...

'Credit Suisse'-UBS Deal Offers Hope, But Bank Doubts Persist

Credit Suisse shares plunged on Monday after Swiss authorities cut a deal with its bigger rival UBS to acquire the troubled bank at a marked-down price. But European bank stocks and the wider market gained as investors watch whether moves to ...

'Credit Suisse', UBS Shares Plunge After Takeover Announcement

Shares of Credit Suisse plunged 63 per cent in early trading Monday after the announcement that banking giant UBS would buy its troubled rival for almost USD 3.25 billion in a deal orchestrated by regulators to stave off further market-shaking turmoil ...

7 Key Things You Must Know As UBS Takes Over Credit Suisse

Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night. Swiss president Alain Berset, who did not specify a value of the ...

UBS To Buy Credit Suisse In $3.25 Billion Deal

Banking giant UBS is buying Credit Suisse for almost $3.25 billion, in a deal that largely involved regulators, who are looking to calm turmoil in the global banking system. Swiss authorities pushed for UBS to take over its smaller rival ...

Banking Giant UBS Is Acquiring Smaller Rival 'Credit Suisse'

UBS Offers To Buy Credit Suisse For Up To $1 Billion: Financial Times Report

UBS has made an offer to buy Credit Suisse, the Financial Times reported citing four people with direct knowledge of the situation. The deal, which the FT said could be signed as early as Sunday evening, values Credit Suisse at around ...

Trouble In 'Credit Suisse' Unlikely To Impact India's Banking System: Experts

India's banking system is expected to remain unscathed from the troubles in Credit Suisse as it has a very small presence in the country, experts said. Although Credit Suisse is more relevant to India's financial system than Silicon Valley Bank (SVB), ...

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