Credit Suisse
12 Jun
The merger was finalised just under three months after a rapid agreement brokered by the Swiss government. Meanwhile, European leaders are exerting pressure on Tunisia to accept a $1.9 billion IMF bailout. In other news, financier George Soros is transferring control of his $25 billion empire to his 37-year-old son.
25 Apr
Credit Suisse has published its financial details for the first quarter of the year, when it rapidly collapsed. It shows investors rushing to withdraw billions amid rumors of the bank's precarious position.
2 Apr
US lawmakers say the embattled bank Credit Suisse has violated the terms of a plea deal, related to tax evasion. A two-year investigation suggests the lender has continued to conceal the bank accounts of wealthy Americans. Meanwhile, UBS has brought back former CEO Sergio Ermotti to lead its takeover of Credit Suisse.
24 Mar
Global stock markets plunged as they opened to the news of the shotgun buyout of Credit Suisse by rival UBS. Swiss authorities had hoped the takeover will calm investors.
20 Mar
Embattled bank Credit Suisse could be bought out by larger rival UBS, several media outlets reported. Politicians insist a European banking crisis is unlikely, but Swiss regulators reportedly want a deal before Monday.
17 Mar
Shares of Credit Suisse have plunged to a record low, after its top shareholder declined to increase its stake. The slide has added to market jitters over the state of Europe's banking sector, although it's not directly related to the recent collapse of two American lenders. Also in the show: the UK government outlines its budget, as it tries to protect households and businesses from the ongoing cost-of-living crisis.
17 Mar
European markets have calmed down after Credit Suisse secured a lifeline of up to 50 billion Swiss francs from the country's central bank. The crisis is just the latest to hit the embattled lender, which has suffered a string of scandals and management issues. Jitters over the banking sector remain as the European Central Bank decides on the next rate hike.
21 Feb 2022
Switzerland's second-largest bank stands accused of handling funds for dictators, drug traffickers and torturers after a whistleblower leak led to a year-long investigation by a consortium of journalists. And the United States and Britain have raised the stakes for potential sanctions on Russia if it invades Ukraine. Finally, Italy's famed glassblowers are cracking under red-hot energy prices.
1 Sep 2019
Ahmed Badr, head of equities for the Middle East, North Africa at Credit Suisse, talks about the region's stock markets. He speaks with Bloomberg's Manus Cranny and Tracy Alloway on "Bloomberg Daybreak: Middle East."
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