Swiss National Bank – MOSAEC

Central Banks Around the World Are Cutting Rates

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Central Banks Around the World Are Cutting Rates

Inflation has fallen in most developed nations, and central bank officials are now trying to steer their economies toward a so-called soft landing.

By Eshe Nelson

UBS Nears Deal to Buy Credit Suisse

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UBS Nears Deal to Buy Credit Suisse

The Swiss government is close to announcing a deal for UBS to buy Credit Suisse, its smaller rival, for about $1 billion.

By Andrew Ross Sorkin Michael J. de la Merced and Maureen Farre

Credit Suisse Shares Jump As Banking Backstops Go Global

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Credit Suisse Shares Jump As Banking Backstops Go Global

Bank stocks recovered after Credit Suisse secured a $54 billion lifeline from Switzerland’s central bank.

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Credit Suisse to Borrow as Much as $54 Billion From Swiss Central Bank

Banking and Financial Institutions Credit Suisse Group AG Finances Greensill Capital Saudi National Bank Swiss Financial Market Supervisory Authority Swiss National Bank

Credit Suisse to Borrow as Much as $54 Billion From Swiss Central Bank

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.

By Andres R. Martinez