Instrument NameCredit Suisse GroupInstrument Symbol(CSGKF)

Instrument ExchangeOTC US

The announcement came as the Zurich-based bank reported $29 billion in net and pre-tax profit in the second quarter, its first earnings release since the government-orchestrated merger to help stave off a possible global financial meltdown

Jefferies Financial Group Inc. recruits a team of five dealmakers from rival Barclays

Benjamin Gohman will join Scotiabank in New York as head of non-investment grade finance and capital markets and U.S. loan syndication

UBS also said it no longer needed a public liquidity backstop or a liquidity assistance loan of up to 100 billion francs from the Swiss National Bank (SNB) and backed by a federal guarantee, freeing it of taxpayer-backed funding

UBS estimated a negative impact of $13 billion from fair value adjustments of the combined group’s financial assets and liabilities, and a further $4 billion in potential litigation and regulatory costs stemming from outflows

The considerations are at an early stage as UBS is focused on completing that takeover and it may not make a final decision on whether to pursue an IPO for months, a source claimed

The move comes after the Swiss lender was acquired by UBS Group AG in a state-brokered deal

Correspondence published in the SEC’s online database on Tuesday show that agency staff first raised questions with Credit Suisse officials in July 2022

Switzerland’s upper house of parliament voted on Tuesday to retrospectively approve 109 billion Swiss francs (US$120.5 billion) in financial guarantees used to rescue Credit Suisse after a heated debate.

In recent weeks sight deposits have soared as Credit Suisse received emergency liquidity infusions to head off a bank run as nervous customers pulled out their cash

Canada’s banks have historically come through global meltdowns virtually unscathed, with our last major banking collapse coming in 1923

Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit Suisse managers

Canadian banks are stable and successful, but it’s unwise to assume they can continue to be an exception to the general malaise in the global financial sector

Prudent and even-keeled risk management is what is needed by firms and by investors

The acquisition of Credit Suisse may have costly consequences for Canadian banks and insurance companies

The wipeout of Credit Suisse’s holders of bail-in bonds while shareholders got at least some money back inverts the typical hierarchy of losses

With investor sentiment already in the dumps, one ingredient to a rebound may have arrived

Governments are signalling they would rescue their banks no matter what, and that raises a fundamental question of identity

Credit Suisse found itself the subject of scrutiny on many occasions over its often-controversial history. Here are some recent examples

The deal was announced Sunday evening, as regulators sought an agreement before markets open in a bid to avert another banking industry selloff

It’s not alarmist for Canadian depositors to wonder how safe their bank deposits are – it’s common sense

Berman Tabacco, a national law firm representing investors, is investigating potential securities law violations by Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS). On March 8, 2023, a securities class action lawsuit was filed...