The Swiss bank tells shareholders “so many questions remain unanswered.”
Category: Swiss Financial Market Supervisory Authority
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Investors Greet Emergency Credit Suisse Deal Warily
The New York Times – Business:Swiss regulators announced that UBS, Switzerland’s largest bank, would take over the troubled Credit Suisse.
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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.
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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.