Tag Archives: Credit Suisse

Investors in the US$250 billion-odd market for AT1 notes may shun new offerings after the Credit Suisse debacle. Banks could be forced to turn to costlier funding avenues, analysts at Fitch and Moody’s said. Source link

US Federal Reserve has been gradually raising interest rates for the past year to combat inflation, prompting Beijing to repeatedly warn of global financial risks. Source link

Financial Times said shareholders would get 0.50 Swiss francs (US$0.54) per share, with the deal to be done on Sunday before the markets open in Asia. Source link

The US$6 billion in government guarantees UBS is seeking would cover the cost of winding down parts of Credit Suisse and potential litigation charges, sources said. Source link

Scenario planning has been going on for a while, but urgency has been added after the firm’s shares plummeted to a record low and the cost to insure the bank’s debt soared. Source link

FRANKFURT: Credit Suisse shares dropped by as much as 30%, leading a 7% fall in the European banking index, while five-year credit default swaps (CDS) for the flagship Swiss bank hit a new record high, highlighting increasing investor concerns. Two sources told Reuters that the European Central Bank (ECB) had …

The 166-year-old Swiss bank sees the sector as a key focus of a ‘radical’ restructuring that aims to return it to its core foundation, according to chairman Axel Lehmann. Source link

Chief Executive Officer Ulrich Koerner had sought to calm employees and the markets over the weekend after the stock touched a record low and credit-default swaps climbed last week. Source link

Penetron’s products can be used directly in the concrete mixture or applied to the surface of existing concrete infrastructures. Source link

A total of 20 financial giants, which also include JPMorgan Chase and Citigroup, have offered to support the development of fintech talent in the region. Source link