The Latest Breaking News from Credit Suisse

Shareholders won in UBS's Credit Suisse takeover -but this investment manager lost $340m

PIMCO's exposure now runs into the billions, a source familiar with the matter said.

Fortune · Mar 22, 2023

The long, strange history between Credit Suisse and UBS

The two banks have a long history of not getting along.

Fortune · Mar 22, 2023

What is systemic risk and how does it lead to a banking crisis?

The recent collapse of Silicon Valley Bank (SVB), a regional US bank that funded start-up companies in the technology and innovation sector, has created a worldwide wave of financial instability.

The Conversation · Mar 22, 2023

Yellen says banking stabilising, US may intervene more if needed

WASHINGTON - The United States banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen told a lenders' conference Tuesday, as leaders seek to calm global worries.

Bangkok Post · Mar 21, 2023

Swiss suspends bonus payouts to Credit Suisse staffers

Switzerland’s government says it’s ordering Credit Suisse to temporarily suspend bonuses for employees after orchestrating a plan for the No. 2 Swiss bank to be taken over by rival UBS

The Independent UK · Mar 21, 2023

The SVB collapse 'contagion effect' will make it harder for startups, and more banks may fall

The SVB collapse didn't just leave the banking sector in disarray; technology startups are bracing for a harder time, and there are fears the global economy is at risk of recession.

ABC News · Mar 21, 2023

Thousands of UK jobs at risk after UBS takeover of Credit Suisse

Investment banking roles expected to be worst hit at Credit Suisse in London

The Guardian - UK · Mar 21, 2023

How changing banks' corporate social responsibility reporting could prevent future financial failures

The recent collapse of Silicon Valley Bank (SVB) – the failure of the biggest US lender since the 2008 global financial crisis – has created waves across the global banking system. The subsequent collapse of another US institution, Signature Bank, the US$30 billion (£24.5 billion) lifeline given to First Republic…

The Conversation · Mar 21, 2023

Budgets squeeze putting families off house buying

Stamp duty receipts in February, down 27 per cent compared to the same month last year

Evening Standard · Mar 21, 2023

‘Monster’ bank must not become too big to save

City Comment: The concern now must be that the banking is in the hands of one gigantic institution

Evening Standard · Mar 21, 2023