UBS brings back ex-CEO Sergio Ermotti after Credit Suisse deal
UBS said it will bring back former CEO Sergio Ermotti to lead the Swiss banking giant following its $3.2 billion takeover of distressed rival Credit Suisse. Ermotti, 62, whose reign…
Credit Suisse gold bars, vintage swag for sale after UBS merger deal
Within hours of its state-backed takeover by UBS Group being announced, memorabilia bearing lender Credit Suisse’s name and logo was being put up for sale in Switzerland, marking the end…
Credit Suisse Takeover Eases Crisis Fears, First Republic Shares Sink 50%
S&P Global also downgraded First Republic deeper into junk status, citing liquidity risks. (File) Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need…
European Markets Rise After Credit Suisse Buyout
London’s FTSE 100 was down 0.07 percent after earlier making slight gains. (Representational) Paris: European markets went back in the green on Monday after sliding earlier despite an emergency buyout…
Wife of Credit Suisse executive flashes her butt amid bailout
Well that’s a creative new way to curdle public opinion. Lizzy Asher, the wife of Credit Suisse top exec Daniel Ezra, wore a French maid-style outfit and flashed her derriere…
Credit Suisse Shares Soar Over 30% After Bank Secures Financial Lifeline
Credit Suisse announced it would borrow up to $53.7 billion from the Swiss central bank. (File) London: European stock markets rebounded slightly Thursday after troubled banking giant Credit Suisse secured…
Credit Suisse given $54 billion lifeline to prevent global bank crisis
Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares…
Credit Suisse Shares Plunge 30% To Record Low, Top Shareholder Rules Out More Cash
Zurich: Credit Suisse shares nosedived to historic lows Wednesday after its main shareholder said it would not invest any more money, as market jitters over European lenders spiralled in on…