Page 2 of Credit Suisse

Credit Suisse, Citigroup, hiring, banking, diversified industrials, large-cap, client business

Citi hires Dalle from Credit Suisse to co-head EMEA industrials

In his new role, Dalle will focus on large-cap diversified industrials and industrial technology clients.

March 31, 2023 11:29 IST

Credit Suisse, banking crisis, debt wipeout, AT1 bonds, convertible bonds, equity holders, regulators, US banks, investors

Riskiest bank debt is a tough sell after Credit Suisse wipeout

“It’s doubtful that banks will be able to issue new AT1 anytime soon,” ING credit strategist Timothy Rahill wrote in…

March 30, 2023 18:11 IST

Credit Suisse, shareholders, UBS Group, regulators, restructuring

Credit Suisse board withdraws discharge vote as bank taken over

The Swiss lender is due to hold its last annual shareholder meeting on April 4. Shareholder advisers had recommended investors…

March 30, 2023 16:22 IST

Citigroup, Credit Suisse, investment banking, consumer bankers, capital markets, banking sector, hiring, mergers and acquisitions

Citigroup poaches two Credit Suisse consumer bankers in Europe

The US firm appointed Maarten Swart as co-head of consumer and retail in Europe, the Middle East and Africa for…

March 29, 2023 11:01 IST

ANZ, Silicon Valley Bank, Credit Suisse, fallout, banking turmoil, financial crisis, Great Depression, Global regulators, Shayne Elliott

Ongoing banking turmoil has potential to trigger financial crisis, says ANZ CEO

“It’s a crisis for some obviously, but is it a financial crisis, who knows? Does it have the potential to…

March 27, 2023 11:03 IST

SNB, credit suisse, interest rate, inflation, UBS Group, price stability, foreign exchange market, Swiss economy, US Fed, borrowing

SNB hikes by 50 basis points after Credit Suisse turmoil

Officials lifted the benchmark to 1.5%, an outcome predicted by most economists before Credit Suisse Group AG’s forced takeover by…

March 23, 2023 15:50 IST

Credit Suisse AT-1 horror: Investors reminded of rude Yes Bank shock as bonds written off, made worthless

As Credit Suisse’s $17 billion AT-1 bonds are written down by Swiss regulator, FINMA, domestic investors are reminded of Yes…

March 22, 2023 15:24 IST

How RBI’s watchful eye saved Indian banks from Credit Suisse fallout, global banking contagion

Experts suggested that India’s banks are likely to be well insulated from the fallout resulting from Credit Suisse crisis, partially…

March 21, 2023 16:15 IST

Credit Suisse, UBS, job seekers, recruiters, recruitment, investment bankers, hiring, equities division, emergency rescue, wealth management, job cut

Anxious Credit Suisse bankers seek new jobs, flood recruiters with calls after UBS takeover

From Singapore to London to New York, headhunters and rival lenders have been fielding calls over the past few days…

March 21, 2023 16:08 IST

UBS, Credit Suisse Group, high-risk countries, assets, bankers, balance sheet

UBS most reliant on AT1 bonds wiped out in Credit Suisse takeover deal

Additional Tier 1 bonds, or AT1s, are the equivalent of about 28% of the Swiss lender’s highest quality regulatory capital,…

March 21, 2023 15:54 IST

Credit Suisse, banking sector, wealth managers, financial institutions, business strategies, private sector investor, private wealth, private banking

Credit Suisse crisis sends shivers amongst wealthy Indians

Rajesh Cheruvu, chief investment officer and managing director at LGT Wealth India Private Ltd., said in the past 15 years…

March 21, 2023 15:08 IST

Credit Suisse, UBS deal: What you need to know

Attention is now on this week’s meeting of the U.S. Federal Reserve, with traders wondering whether the central bank’s relentless…

Updated: March 21, 2023 10:49 IST

Asia stocks bounce gingerly but bank fears lurk

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5% in early trade.

Updated: March 21, 2023 07:41 IST

silicon valley bank, silicon valley bank collapse, startups, Napa Valley, startup, depositors, investors, lender, shares, SoftBank Group, FDIC, payrolls

Is 2008 back to haunt 2023? Lessons from SVB, Credit Suisse failures for India

The focus of SVB on startups led to a concentration of risk, with many clients being interconnected, facilitating a run…

March 20, 2023 12:38 IST

credit suisse, UBS, bonus payment, payroll arrangements, liquidity provisions, severance, equity component

Credit Suisse tells staff bonuses will still be paid, go to work

“We know that many of you will have been following the intense media coverage over the past 48 hours on…

March 20, 2023 11:29 IST

Credit Suisse, UBS, job cuts, merger, annual cost, wealth management, investment banking, payroll arrangements, transformation, wealth managers

Credit Suisse’s 9000 job cuts just a beginning, UBS Chairman hints towards ‘significant job cuts’

UBS Chairman Colm Kelleher said it’s too soon to know a job-cut number, but UBS indicated it will be significant.…

March 20, 2023 11:12 IST

credit suisse, UBS, AT1 bondholders, losses, financial crisis, stock holders, investors, profits, public sector, bank equity, capital buffer, bankruptcy

Credit Suisse AT1 bondholders find out life’s unfair, furious on losses from UBS takeover terms

The deal will trigger a complete write-down of Credit Suisse’s 16 billion Swiss francs ($17.3 billion) worth of Additional Tier…

March 20, 2023 10:37 IST

Credit Suisse, UBS, loss making, investment bank, financial markets, liquidity, Swiss National Bank, lenders, value assets, banking landscape, financial crisis

UBS acquires Credit Suisse for $3.3 billion, chairman says will shrink loss-making investment bank unit

“It was indispensable that we acted quickly and find a solution as quickly as possible“ given that Credit Suisse is…

March 20, 2023 10:23 IST

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