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. 

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. 

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: 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.