Credit Suisse

• Credit Suisse lost US$68B in assets last quarter amid banking challenges

  Clients rapidly started pulling money from Credit Suisse after it was ensnared in market turmoil unleashed by the collapse of Silicon Valley Bank and Signature Bank.

  World

  Apr 24, 2023
  
• Credit Suisse ‘could not be saved,’ chairman says in apology to shareholders

  The chairman of Credit Suisse apologized Tuesday to shareholders for failures of the once-venerable bank and acknowledged the shock and anger felt.

  World

  Apr 4, 2023
  
• Advertisement
• Getting inflation back to 2% has ‘long way to go’ and will be ‘bumpy’: Powell 

  The Fed would likely welcome slower growth, which would help cool inflation. But few economists are sure what the effects would be of a pullback in bank lending.

  Money

  Mar 22, 2023
• Advertisement
• U.S. banking system stabilizing, situation ‘very different’ from 2008 crisis: Yellen

  In a speech aimed at calming nerves rattled by two prominent bank failures this month, Janet Yellen said that the U.S. banking system was stabilizing.

  U.S. News

  Mar 21, 2023
• Credit Suisse, UBS shares dive following takeover announcement

  Investors and banking industry analysts were still digesting the deal, but at least one analyst suggested it might tarnish Switzerland’s global banking image.

  World

  Mar 20, 2023
• UBS to buy Credit Suisse in effort to create stability, Swiss president says

  Swiss president Alain Berset, who did not specify a value of the deal, called the announcement ``one of great breadth for the stability of international finance."

  World

  Mar 19, 2023
• Banking turmoil is adding to sense of looming economic ‘precipice.’ What’s next?

  The mounting feeling of economic disaster comes as Finance Minister Chrystia Freeland is set to table the government's latest budget on March 28.

  Economy

  Mar 19, 2023
• Credit Suisse faces a pivotal weekend. Here’s what could be next for the Swiss bank

  The frantic effort to shore up Credit Suisse come as assurances from policymakers that the global banking system is safe fail to assuage fears about broader troubles in the sector.

  Economy

  Mar 17, 2023
• Advertisement
• Credit Suisse and First Republic are the latest banks in peril. What’s happening?

  Credit Suisse and First Republic Bank are now in the spotlight after the collapse of Silicon Valley Bank. Why is risk spreading to bank after bank?

  Money

  Mar 16, 2023
• Advertisement
• Amid bank crisis fears, Janet Yellen tells Congress banking system ‘remains sound’

  Janet Yellen is the first Biden administration official to face lawmakers over the decision to protect uninsured money at two failed regional banks.

  Economy

  Mar 16, 2023