What are Credit Suisse’s AT1 bonds, or CoCos, and why do they matter
A sign of Credit Suisse bank is seen on a branch building in Geneva, on March 15, 2023. Fabrice Coffrini | AFP | Getty Images In the aftermath of Credit…
SVB collapse was ‘Lehman moment for technology’: Goldman Sachs
The collapse of Silicon Valley Bank was a “Lehman moment” for the technology industry, according to a top Goldman Sachs deal-maker. Cliff Marriott, co-head of technology, media and telecoms in…
Brent oil prices slip under $72 per barrel amid banking turmoil
Bill Ross | The Image Bank | Getty Images Brent oil prices logged losses Monday, dropping below $72 per barrel in intraday trade amid turmoil in the banking sector. The…
Saudi National Bank loses over $1 billion on Credit Suisse investment
Signage for Credit Suisse Group AG outside a building, which houses the company’s branch, in Tokyo, Japan, on Monday, March 20, 2023. UBS Group AG agreed to buy Credit Suisse…
UBS shares tumble after emergency rescue of rival Credit Suisse
The logos of Swiss banks Credit Suisse and UBS on March 16, 2023 in Zurich, Switzerland. Arnd Wiegmann | Getty Images News | Getty Images Shares of Credit Suisse and…
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) Sunday, with Swiss regulators playing a key part in the deal as governments looked…
UBS offers to buy Credit Suisse for up to $1 billion, the Financial Times reports
A customer walks towards an automated teller machine (ATM) inside a Credit Suisse Group AG bank branch in Geneva, Switzerland, on Thursday, Sept. 1, 2022. Jose Cendon | Bloomberg |…
BlackRock denies report that it’s preparing a takeover bid for Credit Suisse
BlackRock headquarters in New York, US, on Friday, Jan. 13, 2023. via Getty Images Michael Nagle | Bloomberg | Getty Images BlackRock has denied a report that it is preparing…
Banking experts predict what could happen next
People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. Spencer Platt | Getty Images Credit Suisse may have received a liquidity…
Apple, Meta, Costco, Marvell, C3.ai and more
An attendee wears a Meta Platforms Inc. Oculus Quest 2 virtual reality (VR) headset at the Telefonica SA stand on day two of the Mobile World Congress at the Fira…