Credit Suisse Financial News

23.01 / 15:39

MSCI Credit Suisse ETFs UBS AM cuts fees of over 200 ETFs as Credit Suisse integration offers 'increased scale'

UBS reported losses last year due to the integration of Credit Suisse, following the acquisition in March 2023.

24.01 / 17:19

regulation UBS Credit Suisse European Central Bank People moves FINMA Swiss regulator appoints ECB veteran as CEO

Most recently, Walter developed the supervision of global systemically important banks at the European Central Bank in Frankfurt.

15.01 / 16:29

UBS Morningstar Credit Suisse ETFs Vanguard iShares Xtrackers European ETF and ETC inflows soar 80% in 2023

Equity ETFs were the biggest gainers for both Q4 and the whole year, adding €34.6bn in the last three months of 2023 and €89.7bn over 2023, a 72% increase from 2022.

15.01 / 16:29

UBS Credit Suisse Unit trusts/OEICs People moves Credit Suisse managers depart to launch macro fund at Lombard Odier IM

The fund will comprise a blend of discretionary and systematic strategies, and is expected to launch on LOIM’s 1798 alternatives platform in Q3 2024.

19.12 / 18:48

regulation Strategy companies Credit Suisse Risk Management FINMA Financial Swiss financial regulator finds strategy and management shortcomings led to Credit Suisse collapse

FINMA found the 'inadequate implementation' of strategic focus areas, alongside several scandals and management errors, led to the bank’s demise in March 2023.

14.12 / 15:55

Crypto Trading Credit Suisse Financial Former Credit Suisse Executive Launches Crypto Trading Platform for Financial Institutions

A new Zurich-based startup Rulematch is creating a customized crypto trading experience for banks and securities firms. The trading venue is launched by a former Credit Suisse executive David Riegelnig.

17.11 / 13:01

Reuters Europe UBS Bank of England ECB Credit Suisse ECB supports creation of global standards for AT1 bonds after Credit Suisse wipe-out - reports

The ECB's Enria has encouraged international standard-setters within the Basel Committee on Banking Supervision to bring order to this market.

10.11 / 13:47

UBS Bank of England industry Credit Suisse bonds TwentyFour AM: Importance of UBS deal for AT1 market 'cannot be overstated'

The instruments were sold in two tranches that could be redeemed in either five or ten years, with an initial price talk marketed at 10% for a five-year call and 10.125% for a 10-year call.

08.11 / 12:00

UBS Bank of England companies Credit Suisse bonds FINMA Takeover UBS offers first AT1 bonds since Credit Suisse takeover

Holders of $17bn of Credit Suisse’s AT1 bonds had their holdings wiped out as part of the historic takeover of the bank by UBS, a move that has sparked controversy across European debt markets.

07.11 / 12:06

UBS companies Results Credit Suisse Costs UBS reports $785m loss as Credit Suisse integration costs swell to $2bn

In its asset management arm, net new money declined by $1.5bn, and by $8.3bn excluding money market flows and associates, while invested assets declined 3% to $1.6trn.

17.10 / 14:33

regulation Bank of England Financial Services Credit Suisse Wealth managers Treasury BoE's Woods outlines plans to overhaul banking regulation after SVB and Credit Suisse collapses

Sam Woods, deputy governor of the BoE and head of the Prudential Regulation Authority

27.09 / 10:27

Credit Suisse People moves Atlantic House hires Credit Suisse director for fund manager role

The firm’s investment team has also welcomed Benjamin Forster, who has joined as an analyst.

18.09 / 11:43

UBS companies industry Credit Suisse FINMA Group of Credit Suisse bondholders plan lawsuit against Swiss government

The suit could be filed by the end of the year but is not certain to proceed, people familiar with the discussions told the FT.

18.09 / 07:57

UBS Credit Suisse bonds FINMA reports Takeover UBS mulls first AT1 bonds sale since Credit Suisse takeover - reports

Some investors are still sceptical after losing billions of dollars during the Credit Suisse bailout.

06.09 / 13:53

UBS Financial Services Credit Suisse FINMA Swiss CEO of Swiss regulator FINMA resigns over 'high and permanent stress level'

In a statement, Angehrn cited the “high and permanent stress” that came with the role, which he said had led to health consequences.

06.09 / 08:47

UBS companies Credit Suisse Acquisition reports Deal UBS to reopen Credit Suisse-Apollo Global Management M&A deal - reports

UBS executives are concerned with the fees Credit Suisse agreed to pay to Apollo Global Management.

31.08 / 07:57

UBS banking companies Results Credit Suisse Wealth Management UBS posts record bank profit following Credit Suisse acquisition

“Our analysis clearly shows that full integration is the best outcome for UBS, our stakeholders and the Swiss economy,” said UBS group CEO Sergio Ermotti.

30.08 / 07:49

regulation Federal Reserve US Credit Suisse Debt US regulators US regulators move to shore up regional banks stability

The proposal will require large banks with total assets of $100bn or more to maintain a layer of long-term debt.

29.08 / 12:55

UBS companies Lawsuit Credit Suisse UBS settles Credit Suisse lawsuit against finance blog

'Inside Paradeplatz undertakes to carefully examine readers' comments in advance and not to allow any personal infringements against the plaintiffs.'

14.08 / 08:21

UBS companies Lawsuit Credit Suisse Swiss National Bank Takeover Credit Suisse shareholders sue over UBS takeover

SASV noted that UBS originally offered just CHF 1bn, then CHF 3bn for Credit Suisse, compared to the firm’s equity capital of CHF 54bn.

11.08 / 08:41

UBS companies Credit Suisse Swiss National Bank Swiss Deal Takeover UBS ends loss protection deal agreed with Swiss government for Credit Suisse takeover

The loss protection deal marked the final step in UBS' takeover of Credit Suisse, which was completed on 12 June.

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