Credit Suisse’s $17 Billion of Risky Bonds Are Now Worthless
Holders of Credit Suisse Group AG bonds suffered a historic loss when a takeover by UBS Group AG wiped out about 16 billion Swiss francs ($17.3 billion) worth of risky notes.
Bloomberg Business
Anxious Traders Map Out Strategies for Monday Market Drama
With the fate of Credit Suisse Group AG finally decided, investors were getting ready for another gut-wrenching week of trading.
From Bear Stearns to Credit Suisse: Crises, Mergers and Bailouts
From as much as $96 billion to around $3 billion: Credit Suisse Group AG is poised to join the historic ranks of finance giants sold at fire-sale prices in the grip of a market crisis.
Morgan Stanley, JPMorgan Advise on UBS Deal for Credit Suisse
Morgan Stanley and JPMorgan Chase & Co. advised UBS Group AG on its historic takeover of battered crosstown rival Credit Suisse Group AG in a government-brokered deal aimed at containing a financial crisis.
UBS Chairman Says Determined to Keep Credit Suisse’s Swiss Unit
UBS Group AG Chairman Colm Kelleher said that the Swiss lender is “determined” to keep hold of Credit Suisse Group AG’s local business after the takeover.
UBS Buys Credit Suisse in All-Share Transaction
UBS Group AG agreed to buy Credit Suisse Group AG in a government-brokered deal aimed at containing a crisis of confidence that threatened to spread across global financial markets.
Switzerland Grants UBS 9 Billion-Franc Credit Suisse Guarantee
Switzerland is granting UBS Group AG a 9 billion franc ($9.7 billion) guarantee to cover potential losses related to its takeover of Credit Suisse Group AG.
Credit Suisse’s Riskiest $17 Billion Bonds Rise After UBS Deal
Credit Suisse Group AG’s riskiest bonds rose sharply as traders bet that UBS Group AG’s deal to buy the troubled lender would spare holders significant losses.
Warren Says She Favors Increasing FDIC’s Deposit Insurance Cap
Senator Elizabeth Warren is calling for more US deposits to be covered by federal insurance and demanding government probes into whether lax regulation fueled this month’s collapse of Silicon Valley Bank and Signature Bank.
Trump Arrest Claim Draws Allies to His Side as 2024 Bid Heats Up
Donald Trump’s claim of an imminent arrest jolted the 2024 Republican primary field, with party leaders rallying to his side while forcing his potential challengers to choose between publicly supporting the former president or backing the moves of a Democratic prosecutor.
