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- Credit Suisse, the second-largest bank in Switzerland, collapsed in March 2023 and was bought by rival UBS for 3 billion CHF (about $3.3 billion USD). Credit Suisse faced numerous scandals in recent years, including a spying scandal, the collapse of two investment funds in which the bank was heavily involved, and a rotating group of executives.
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Mar 28, 2023 · Key Takeaways. Credit Suisse, the second-largest bank in Switzerland, collapsed in March 2023 and was bought by rival UBS for 3 billion CHF (about $3.3 billion USD).
Mar 16, 2023 · Credit Suisse was thrown a $54 billion lifeline by the Swiss central bank on Thursday to shore up liquidity after a slump in its shares and bonds intensified fears about a global banking...
Apr 24, 2023 · Apart from UBS agreeing a $3.25bn deal to buy Credit Suisse on March 19, potentially averting a global economic meltdown, nothing much happened while the analysts were away.
Mar 16, 2023 · Credit Suisse had been tipped into crisis last week as the global financial sector reeled from the sudden collapse of tech-focused Silicon Valley Bank and other US lenders.
Mar 20, 2023 · Employees of Credit Suisse Group AG, desperate to learn of the fate of the Swiss bank after days of chaos and confusion, dialed into a hastily arranged call Sunday night after its $3.25 billion...
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Sep 22, 2024 · Photographer: Stefan Wermuth/Bloomberg (Stefan Wermuth/Bloomberg) (Bloomberg) -- Switzerland’s banking regulator is investigating the final 15 months of Credit Suisse as an independent bank and its rescue by UBS Group AG, according to SonntagsZeitung. Finma issued a 36-page order to Credit Suisse, which now only exists in name, and UBS in ...
Mar 19, 2024 · A year has passed since Credit Suisse was spared a catastrophic collapse by its sale to banking rival UBS. The emergency merger of the two large banks is still ongoing, leaving some important ...