Tag: credit suisse bank trouble

Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland.(REUTERS)
Posted in Business

UBS offers retention packages to Credit Suisse Asia team: Report

Reuters | | Posted by Singh Rahul Sunilkumar UBS promised retention packages to wealth-management staff in Asia at Credit Suisse, two people with knowledge of…

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British Prime Minister Rishi Sunak.(REUTERS)
Posted in Business

UK PM Sunak trusts UK Banking system safe despite Credit Suisse collapse

Prime Minister Rishi Sunak believes the UK’s banking system remains safe from contagion in the wake of the collapse of Swiss giant Credit Suisse. British…

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UBS Chairman Colm Kelleher (R) shakes hands with Credit Suisse chairman Axel Lehmann (L) after a press conference. (AFP)
Posted in Business

Who are the winners and losers of UBS-Credit Suisse deal

UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of…

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Dixit Joshi had first joined Credit Suisse in 1995. (LinkedIn)
Posted in Business

Meet Dixit Joshi, the Indian-origin CFO of Credit Suisse

The UBS deal of acquiring its embattled Swiss rival Credit Suisse for $3.25 billion was finalised after weekend meetings involving teams that report to Dixit…

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Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland. (Reuters)
Posted in Business

Credit Suisse opposes ‘too low’ offer of $1 bn by UBS: Report

UBS Group AG is offering to buy Credit Suisse Group AG for as much as $1 billion, a deal that the troubled Swiss firm is…

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The illuminated logos of the Swiss banks Credit Suisse and UBS in Zurich, Switzerland. (AP)
Posted in Business

Credit Suisse to assess survival options as regulators push for UBS merger

Credit Suisse Group AG began a make-or-break weekend after some rivals grew cautious in their dealings with the bank and regulators urged it to pursue…

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Credit Suisse says the merger of the PSU Banks unlikely to revive credit flow.(Reuters photo)
Posted in Business

UBS in talks to acquire embattled Credit Suisse: Report

Switzerland’s largest bank, UBS, is in talks to buy all or part of Credit Suisse, according to a report by the Financial Times. Credit Suisse…

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