Category: Saudi National Bank

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.
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.

UBS Nears Deal to Buy Credit Suisse