The Latest Breaking News from Credit Suisse

Global central banks endorse Switzerland’s Credit Suisse deal

Central banks around the world lined up to hail Credit Suisse’s rescue, and emphasized the strength of the lenders under their remit.

Tribune News Service · Mar 19, 2023

UBS to buy Credit Suisse for nearly $3.25 billion to calm turmoil in banking industry

Credit Suisse’s buyout by UBS was arranged by banking regulators worried that Credit Suisse’s failure could have repercussions similar to the collapse of Lehman Brothers.

Chicago Sun-Times · Mar 19, 2023

Morning Mail: Amazon acts on party drug loophole, Credit Suisse takeover deal, Perrottet talks pokies

Vladimir Putin visits Mariupol, Marles says Iraq war opponents have been vindicated and NSW election nears

The Guardian - AU · Mar 19, 2023

World's central banks rally to prevent banking crisis spreading after UBS takes over embattled Credit Suisse

Beleaguered bank Credit Suisse is bought out by Swiss rival UBS, with the nation's president saying an uncontrolled collapse would have had "incalculable consequences" for the international finance system.

ABC News · Mar 19, 2023

Swiss to hold news conference amid Credit Suisse troubles

Swiss leaders are holding a news conference Sunday night following several media reports that banking giant UBS is believed to be in talks to acquire its smaller rival Credit Suisse

The Independent UK · Mar 19, 2023

UBS agrees to buy Credit Suisse for more than $2bn, reports Financial Times

UBS has agreed to buy Credit Suisse after increasing its offer to more than $2 billion, the Financial Times reported on Sunday.

France 24 · Mar 19, 2023

UBS to take over Credit Suisse, Swiss central bank confirms

Swiss President Alain Berset said the deal was one of great breadth for the stability of international finance’

Evening Standard · Mar 19, 2023

UBS offers ‘to buy Credit Suisse for up to $US1 billion’

UBS Group AG has offered to buy Credit Suisse for up to $US1 billion ($1.5 billion), the Financial Times reports.

The New Daily · Mar 19, 2023

Slash interest rates and stop bond sales, ex-policymaker tells Bank of England

Exclusive: David Blanchflower urges rethink after collapse of Silicon Valley Bank and lifeline thrown to Credit Suisse

The Guardian - UK · Mar 19, 2023

UBS agrees to takeover of stricken Credit Suisse for $3.25bn

Swiss government forces through takeover at well below market value amid fears of global banking crisis

The Guardian - UK · Mar 19, 2023