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The Latest Breaking News from Credit Suisse

'We view this as an irrational market,' Citigroup analysts worry that major bank stocks like Deutsche Bank are cratering for psychological reasons

Citi really fears the "knock-on impact from various media headlines on depositors psychologically," regardless of whether the initial reasoning was correct.

Head of Credit Suisse talks of his profound sadness over UBS takeover

Head of Credit Suisse talks of his profound sadness over UBS takeover

Ulrich Körner acknowledges an ‘emotional and challenging week’ after emergency deal was forced through by Swiss authorities

The Guardian - UK

Deutsche Bank is no Credit Suisse, despite investors’ fears

Deutsche Bank is no Credit Suisse, despite investors’ fears

German lender’s shares were hit by general loss of confidence, not by any specific failings

The Guardian - UK

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Stock Market Split As Fed Hikes Rates, Banks Keep Tumbling; Nvidia, On Holding In Focus: Weekly Review

The stock market showed volatile, divergent action as a handful of megacaps propped up the Nasdaq while banks kept tumbling.

Investors Business Daily

Europe will pay the price for wiping out Credit Suisse bondholders, warns ex-CEO Tidjane Thiam

Tidjane Thiam says the controversial decision by Swiss authorities will mean U.S. and Asian lenders could come out of banking crisis stronger.

Deutsche Bank leads sell-off in European bank shares

FTSE 100 also falls amid fears another bank could slip into trouble after UBS takeover of Credit Suisse

The Guardian - UK

Deutsche Bank shares drop amid global jitters over banks

Shares in Deutsche Bank, Germany’s largest lender, have fallen sharply and dragged down major European banks as fears about weaknesses in the global financial system send fresh shudders through the markets

The Independent UK

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Global banking crisis anything but over as investors dump giant USB’s shares

Global banking crisis anything but over as investors dump giant USB’s shares

Banking stocks have fallen sharply with heavyweights Deutsche Bank and UBS hit hard by fears of the worst crisis since 2008 financial crisis

EU Leaders Grapple with Bank Risks as Economy Weakens

EU Leaders Grapple with Bank Risks as Economy Weakens

European Union leaders gathered Friday to gauge the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia's war in Ukraine. The deliberations by EU government heads in Brussels follow US regulators shutting down two US…

Asharq Al-Awsat

EU leaders grapple with bank risks as economy weakens

EU leaders grapple with bank risks as economy weakens

European Union leaders are gauging the risk of a banking crisis developing from recent global financial turmoil and hitting an already weak economy

The Independent UK

Why on earth wasn’t Silicon Valley Bank bailed out by the US government?

Why on earth wasn’t Silicon Valley Bank bailed out by the US government?

While there is little sympathy for banks or the Silicon Valley crowd, surely the US government could have tried saving the bank rather than shutting it overnight.

UBS Acquisition Of Credit Suisse As Anxiety Builds Among Banks’ Subordinated Bondholders

UBS Acquisition Of Credit Suisse As Anxiety Builds Among Banks’ Subordinated Bondholders

UBS Group AG's takeover of Credit Suisse Group AG has done nothing to alleviate market concerns about the banking sector

U.S. Banks are sitting on $1.7 trillion in unrealized losses, research says. That's not a problem—until it is

U.S. Banks are sitting on $1.7 trillion in unrealized losses, research says. That's not a problem—until it is

"As long as people aren't all coming in at the same time and demanding that their deposits back, you're okay, but that's exactly what's been happening," Prof. Stephan Weiler told Fortune. "So the chances of facing those unrealized losses are going up."

Intensive monitoring backs local banks to ride out global market ructions

Intensive monitoring backs local banks to ride out global market ructions

Financial regulators confirm the resilience of Australia's banking system following rigorous oversight during the past fortnight.

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Central banks hike rates despite turmoil

London (AFP) - The Bank of England joined Norway and Switzerland in hiking interest rates Thursday as inflation remains elevated, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

UBS, Credit Suisse tie-up may not lead to Swiss bliss

Geneva (AFP) - The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown -- but the size of the resulting megabank could cause domestic problems in Switzerland, the central bank admitted Thursday.

Citi boss blames banking crisis on a few black sheep: ‘This is not a credit crisis’

Silicon Valley Bank and Credit Suisse only really have themselves to blame for their collapse, argued the native Scot.

More central banks hike rates despite banking turmoil

London (AFP) - The Bank of England joined Norway and Switzerland in hiking interest rates Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

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European bank shares fall as crisis leaves mark

Banking shares have slipped in Europe as investors adjust to more challenging economic and lending conditions ahead.

Evening Standard

Interest rates hiked to 4.25% but Bank of England ‘hopeful’

The quarter-point rise comes amid growing talk in the City that rates are now near their peak

Investors Business Daily

Best Mutual Funds Awards 2023: Best U.S. Taxable Bond Funds

Looking at mutual funds to invest in? We list all the U.S. taxable bond funds that outperformed their benchmark in four periods.

Stocks Nudge Higher, Yellen 'Blanket', Coinbase On Notice, Swiss Hike, Boeing Deal

Stock futures nudge higher as Fed hints at rate hike pause; Yellen says no plan for 'blanket' bank deposit insurance' from Treasury; Coinbase shares tumble after crypto exchange gets SEC Wells Notice; Swiss National Bank hikes rates, says bank crisis 'halted and Boeing confirms $2.5 billion 737 Max deal with…

After Fed, European central banks hike rates

LONDON: The Bank of England joined Norway and Switzerland in hiking interest rates on Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

The Independent UK

Credit Suisse deal halted crisis, Swiss national bank says

The Swiss central bank has hiked its key interest rate and insisted that a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil

After Fed, European central banks hike their rates

London (AFP) - Switzerland and Norway hiked interest rates Thursday to tackle inflation despite banking-sector turmoil, with the UK's central bank next in line after the US Federal Reserve also lifted borrowing costs.

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