Credit Suisse reports net asset outflows of CHF 61.2 billion for Q1 2023
Credit Suisse’s performance in Q1 2023 was mainly impacted by actions leading up to the planned merger with UBS.
Credit Suisse’s performance in Q1 2023 was mainly impacted by actions leading up to the planned merger with UBS.
Credit Suisse also has to examine whether variable remuneration already paid out can be recovered.
The Swiss FINMA explains the basis for the complete write-down of the nominal value of AT1 capital instruments issued by Credit Suisse.
In response to the current banking industry crisis , Dukascopy Bank has changed the trading conditions for certain stock CFD instruments.
The UBS-Credit Suisse discussions were initiated jointly by the Swiss Finance ministry, FINMA, and the Swiss National Bank.
UBS is offering just CHF 0.25 per share for Credit Suisse, which would value CS at just USD $1B – only 1/7 of its current $7B market cap.
The SNB and FINMA are pointing out that there are no indications of a direct risk of contagion for Swiss institutions.
Credit Suisse plans to exercise its option to borrow from the Swiss National Bank (SNB) up to CHF 50 billion under a Covered Loan Facility.
Credit Suisse announces change of leadership in Personal & Business Banking at Credit Suisse (Switzerland) Ltd.
FINMA has concluded its enforcement proceedings against Credit Suisse in connection with its business relationship with financier Lex Greensill.