Category: Credit Suisse Group AG

Federal Reserve and Global Central Banks Act to Shore Up Dollar Access

The New York Times – Business:
America’s central bank and its counterparts around the world are rushing to cushion markets against the impact of bank problems.
UBS Nears Deal to Buy Credit Suisse

The New York Times – Business:
The Swiss government is close to announcing a deal for UBS to buy Credit Suisse, its smaller rival, for about $1 billion.
Markets Worry First Republic and Other Banks Remain Under Pressure

The New York Times – Business:
The nation’s top lenders banded together to rescue First Republic Bank. But markets worry that regional institutions remain under pressure.
Investors Warily Approach the End of a Tumultuous Week

The New York Times – Business:
The rescues of two ailing lenders provided a tenuous sense of relief in stock markets.
What Are Markets Saying About the World?

The New York Times – Business:
Stocks, bonds and commodities markets are all sending different signals. While the S&P 500 actually rose this week, oil prices fell along with bond yields, signs that investors are worried about the economy.
Stocks on Wall Street Rally, Even as Worry About Regional Banks Continues

The New York Times – Business:
The S&P 500 climbed by midday, but shares of First Republic Bank and other regional lenders continued to slide.
Credit Suisse Shares Jump As Banking Backstops Go Global

The New York Times – Business:
Bank stocks recovered after Credit Suisse secured a $54 billion lifeline from Switzerland’s central bank.
Asian Markets Drop After Credit Suisse Moves to Borrow Billions

The New York Times – Business:
Stocks were set to open higher in Europe and the United States after days of volatility, but markets in Asia were down as fears grew about unseen risks.
Credit Suisse to Borrow as Much as $54 Billion From Swiss Central Bank

The New York Times – Business:
The Swiss lender had ended Wednesday fighting for its life, with shares at a record low and the cost to insure against a default the highest ever. The loan is an effort to avert further damage.
Swiss Authorities Say They Will Back Credit Suisse After Shares Plunge

The New York Times – Business:
The beleaguered Swiss lender tumbled on Wednesday, adding to concerns about the banking sector.
Credit Suisse Shares Slide After Shareholder Rules Out More Support

The New York Times – Business:
The beleaguered Swiss lenders tumbled on Wednesday, adding to concerns about the banking sector.
Stock Markets Tumble as Bank Fears Go Global

The New York Times – Business:
Shares fell sharply, with banking stocks taking a beating, as Tuesday’s rally quickly faded.