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Credit Suisse Group AG ( French pronunciation: [kʁe.di sɥis], lit. 'Swiss Credit') is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and provides services in investment banking, private banking, asset ...
The final deal to purchase Credit Suisse for CHF 3 billion ($3.2 billion) was accepted by the board of Credit Suisse prior to the opening of Asian financial markets on Monday morning. The acquisition was an all-stock deal, with Credit Suisse shareholders receiving 1 UBS share per 22.48 Credit Suisse shares, equivalent to CHF 0.76 per share. [1 ...
By Tom Westbrook, Saeed Azhar and Scott Murdoch. (Reuters) - Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor ...
The takeover involved a large cull of up to 30% of staffers as part of the Credit Suisse merger, and UBS said last month that it was looking to trim costs further by $3 billion.
In 2015, he left the U.S. Treasury department to join Credit Suisse as a director, and was later promoted to a managing director responsible for the bank's short-term interest rate strategy. At Credit Suisse, Pozsar correctly predicted a major shift in U.S. purchase agreement markets that occurred in 2019. He left Credit Suisse in May 2023.
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Suisse Secrets was a February 2022 leak of details of more than CHF 100 billion (roughly US$108.5bn, €95.5bn or £80bn) held in nominee accounts linked to over 30,000 clients of Credit Suisse, [1] the largest ever leak from a major Swiss bank. It revealed that autocrats, oligarchs, war criminals, human traffickers and drug dealers had ...
UBS said Monday that it has completed its takeover of embattled rival Credit Suisse, nearly three months after the Swiss government hastily arranged a rescue deal to combine the country's two ...