Latest News for: Suisse advisor

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Saudi National Bank chair resigns days after Credit Suisse comments sparked panic

New York Post 27 Mar 2023
credit suisse ... Hedge fund boss shreds Credit Suisse creditors ... Credit Suisse rescue could spur ‘tens of thousands’ of layoffs ... “The SNB Chairman was a victim of giving his honest opinion at such a tense time for Credit Suisse,” Mohammed Ali Yasin, a capital markets specialist and investment advisor, told Bloomberg.
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The New UBS Is a Wealth Management Behemoth. That’s a Risk.

Market Watch 24 Mar 2023
UBS Group’s lightning rescue of Credit Suisse Group is, at its core, about wealth management. Both UBS and Credit Suisse have Swiss retail banks and global investment banks. Credit Suisse’s investment bank has had a brilliant, if rocky, history ... Credit Suisse closed its U.S ... Credit Suisse’s non-U.S ... And Credit Suisse was already shedding assets.
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Will Credit Suisse cut back investment banking operation in Seoul?

Korea Times 23 Mar 2023
Sources say that appears to be the reason why Credit Suisse did not participate in a recent bid to select the financial advisor for an estimated four trillion won ($3.1 billion) sale of HMM, Korea's largest shipping company, which is expected to be one of the largest deals this year.
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Deal for UBS to buy Credit Suisse sends shares tumbling

The News-Enterprise 21 Mar 2023
LONDON (AP) — Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion in a deal orchestrated by regulators to try to stave off further turmoil in the global banking system ... Credit Suisse did weather the 2008 financial crisis without assistance, unlike UBS.
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Fed, US banks in focus as mood improves on Credit Suisse rescue

RTE 21 Mar 2023
regional banks and Credit Suisse has raised concerns about contagion risk," said Grace Tam, chief investment advisor Hong Kong at BNP Paribas Wealth Management ... Credit Suisse CEO Ulrich Koerner, who was expected to attend the conference, however, dropped out and the event was closed to media after the weekend rescue.
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TSX starts week on firmer ground as materials, financials gain

Reuters 20 Mar 2023
... of Credit Suisse. "The TSX is heavily weighted in banks and today it looks like there's some stabilization in the banking sector at least, initially based on UBS buying Credit Suisse," said Allan Small, senior investment advisor at Allan Small Financial Group.
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UBS to buy Credit Suisse for nearly $3.25B to calm turmoil

Decatur Daily 20 Mar 2023
GENEVA — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system ... Shares of Credit Suisse and other banks sold off this week after the failure of two banks in the U.S.
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Credit Suisse, UBS shares plunge after takeover announcement

Fort Wayne Journal Gazette 20 Mar 2023
LONDON — Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion in a deal orchestrated by regulators to try to stave off further turmoil in the global banking system ... Credit Suisse did weather the 2008 financial crisis without assistance, unlike UBS.
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Silicon Valley Bank successor’s auction extended by FDIC

The Associated Press 20 Mar 2023
LONDON (AP) — Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion in a deal orchestrated by regulators to try to stave off further turmoil in the global banking system ... Credit Suisse did weather the 2008 financial crisis without assistance, unlike UBS.
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China says deadly 2022 plane crash still being investigated

The Associated Press 20 Mar 2023
LONDON (AP) — Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion in a deal orchestrated by regulators to try to stave off further turmoil in the global banking system ... Credit Suisse did weather the 2008 financial crisis without assistance, unlike UBS.
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Credit Suisse s'effondre en Bourse malgré le rachat par UBS, le secteur bancaire plie information ...

Boursorama 20 Mar 2023
Le logo de Credit SuisseSingapour ... Michael Ashley Schulman, directeur des investissements chez Running Point Capital Advisors, souligne que la d�cision des autorit�s suisse va rendre les titres AT1 plus ch�res pour toutes les autres banques � l'avenir, car "d�sormais tout le monde est conscient de ce risque suppl�mentaire" ... CREDIT SUISSE GROUP.
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UBS to buy Credit Suisse for nearly $3.25B

Republican American 20 Mar 2023
GENEVA – Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system ... Shares of Credit Suisse and other banks sold off this week after the failure of two banks in the U.S.
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Banking giant UBS acquiring Credit Suisse for $3.2 billion

Detroit news 20 Mar 2023
Geneva, Switzerland — Banking giant UBS is buying its smaller rival Credit Suisse for $3.2 billion in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night ... Credit Suisse Chairman Axel Lehmann called the deal “a clear turning point.”.
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UBS acquiring smaller, troubled rival Credit Suisse for nearly $3.25B

Newsday 20 Mar 2023
The illuminated logo of Swiss bank Credit Suisse is seen behind a clock at the bank's headquarters at Paradeplatz in Zurich, Switzerland, on Saturday ... Credit Suisse Chairman Axel Lehmann called the deal “a clear turning point.” ... Still, global financial markets have been on edge since Credit Suisse’s share price began plummeting this week.
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This week: Fed meeting, home sales, Nike earnings

The Associated Press 20 Mar 2023
GENEVA (AP) — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system ... Shares of Credit Suisse and other banks plunged this week after the failure of two banks in the U.S.

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