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Tuesday, November 5, 2024
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Credit Suisse

Before the Bailout, Credit Suisse Had £55 Billion Withdrawn

SWITZERLAND: The world's largest bank in Switzerland reported that 61.2 billion Swiss francs (£55.2 billion; $68.6 billion) departed the institution in the first three months...

Sergio Ermotti Rejoins UBS as CEO: Swiss Banker to Lead the Takeover of Credit Suisse

SWITZERLAND: Sergio Ermotti has been rehired by UBS Group AG (UBSG.S) as CEO to oversee its large acquisition of neighbouring Credit Suisse (CSGN.S). This...

UBS Agrees to Buy Credit Suisse for $3.25 Billion

SWITZERLAND: The Swiss government forced rival UBS to take over ailing bank Credit Suisse for nearly $3.25 billion (£2.65 billion), far below its market value,...

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