Credit Suisse

Credit Suisse is an investment bank and financial services company founded in Switzerland. As of 2022, the bank has over 50,000 employees and 3,500 relationship managers globally. It is reportedly known for its strict bank–client confidentiality and banking secrecy.

Weekly Global News Wrap: Grupo Mexico closing in on $7b Citi Banamex deal; Bank of America opens Luxembourg branch

And Credit Suisse CEO to join UBS board once deal is completed.

Weekly Global News Wrap: Grupo Mexico closing in on $7b Citi Banamex deal; Bank of America opens Luxembourg branch

And Credit Suisse CEO to join UBS board once deal is completed.

UBS appoints new CFO following Credit Suisse’s takeover

Todd Tuckner will take on the CFO post at the close of the acquisition.

Weekly Global News Wrap: UBS to retain only few Credit Suisse senior bankers; open banking to increase liquidity risk

And the UK must make it easier for banking staff to work remotely, says industry body.

Weekly Global News Wrap: Credit Suisse chairman apologises to shareholders; EU banks must be “conservative” with dividends, payouts

And JPMorgan Chase & Co CEO Jamie Dimon said banking crisis not yet over.

Weekly Global News Wrap: UBS appoints Sergio Ermotti as group CEO; French authorities search banks on suspicion of fiscal fraud

And a top US regulator said Silicon Valley Bank did a terrible job of managing risk.

Credit Suisse’s AT1 debt write down to raise market prices for new issuances

This could hamper issuance of new AT1 in the future.

Weekly Global News Wrap: Credit Suisse’s $17.2b of bonds written down to none; Credit Suisse says clients may want to move assets after merger

And Hong Kong pushes to become a virtual asset hub.

UBS’ takeover of Credit Suisse ‘insignificant’ to HK’s banking sector: HKMA

The total assets of Credit Suisse’s HK branch represent less than 0.5% of the local banking sector's.

No interruptions in Credit Suisse operations in Singapore: MAS

MAS said UBS’ takeover of Credit Suisse will not impact SG’s banking system.

UBS buys Credit Suisse in “emergency rescue”

The $3.2b acquisition has the full support of Swiss financial regulators, UBS said.

MAS in “close contact” with Swiss regulators over Credit Suisse

Credit Suisse recently announced that it is borrowing up to CHF50b.

Credit Suisse clinches approval to launch wealth business in China: report

The Swiss bank is pushing to roll out its wealth business by the first half of 2023.

Weekly Global News Wrap: Credit Suisse woos the wealthy with higher deposit rates; Citi cuts jobs

And Goldman Sachs signals possible sale of consumer business assets.

Weekly Global News Wrap: Credit Suisse China beset with senior staff exodus; Israel’s Bank Hapoalim optimistic with interest rate rise

And Tencent’s NFT platform to stop selling new NFTs.

Weekly Global News Wrap: Ex-Goldman SEA chairman’s sentencing for 1MDB fiasco delayed; Crypto trader Voyager goes bust

And Credit Suisse names new head of private banking in Switzerland.

UBS, Credit Suisse’s wealth ambitions in Asia besieged by deleveraging

Both banks posted dismal wealth results in Q1.

Weekly Global News Wrap: State Street not buying Credit Suisse; Italy to expire bad loan scheme

And China gives the first nod to revive Ant IPO. From Reuters: Financial services and bank holding company State Street has denied reports that it is looking to buy Credit Suisse.