-
UBS completes crisis takeover of Credit Suisse
UBS completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of $1.6 trillion.
#UBS #CreditSuisse #News #Reuters #newsfeed
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Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.
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published: 12 Jun 2023
-
Credit Suisse: What is happening to the Swiss banking giant? - BBC News
Shares in Credit Suisse have plunged to a record low, in the wake of last week's collapse of Silicon Valley Bank in the US.
The Swiss bank - which has been beset by problems - saw its share price fall by as much as 30% at one point.
Credit Suisse insists its financial position is not a concern.
Investors are concerned about the state of the troubled banking giant and have already been spooked by US bank failures.
Please subscribe HERE http://bit.ly/1rbfUog
#CreditSuisse #Banking #BBCNews
published: 15 Mar 2023
-
Why Wealthy Americans Love UBS, The Secretive Swiss Banking Giant
UBS Group AG, with over $5 trillion in invested assets, is Switzerland's largest bank. The company has a sprawling international footprint, with over half of its wealth management assets coming from clients in the United States. Experts believe these customers are drawn to strict bank-client laws in Switzerland. In recent decades, scandals have embroiled both UBS and its latest acquisition, Credit Suisse. After regulators quickly approved of the merger, fresh litigation risks have come to light.
Chapters:
00:00 — Introduction
01:16 — Secrecy
03:08 — Mega banks
06:24 — Acquisitions
09:41 — Capital assets
Producer: Carlos Waters
Editor: Emily Sternlicht
Supervising Producer: Lindsey Jacobson
Graphics: Jason Reginato, Andrea Schmitz
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Su...
published: 02 Jun 2023
-
Emergency rescue of Credit Suisse as banking fears grow - BBC News
Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal.
The announcement came after a weekend of emergency talks in Switzerland between the two banks and the country's financial regulators.
The Swiss National Bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy.
It comes as concerns grows over the stability of the global banking system.
Jane Hill presents BBC News at Ten reporting by business editor Simon Jack.
Please subscribe HERE http://bit.ly/1rbfUog
#BBCNews
published: 19 Mar 2023
-
Credit Suisse: what next for the crisis-hit bank? | FT Film
The Credit Suisse story is about how finance went wrong at one of Switzerland's most important institutions and one of the most important banks in Europe. It's a tale of high-profile scandals, from corporate espionage to cocaine smugglers and oligarchs. But what does the future hold for the venerable institution? Credit Suisse's new chairman, Financial Times reporters and banking industry experts explain it all. Read more at https://on.ft.com/3PrvpZe
Produced, directed and edited by Daniel Garrahan
#banking #creditsuisse #finance #lender #Switzerland #ubs #zurich #scandal #spygate #tidjanethiam #axellehmann #thomasgottstein #banks #morganstanley #spying #oligarchs #covid #lockdown #antoniohortaosorio, #coronavirus #archegosgreensill #markets #bonds #investing #investmentbanks #investme...
published: 14 Jul 2022
-
Switzerland's UBS reaches deal to take over Credit Suisse | DW News
Switzerland's biggest bank UBS has reached a deal to take over its embattled rival Credit Suisse for more than two billion dollars.
The takeover comes amid fears that an ongoing banking crisis could destabilize the global financial system. Switzerland is preparing emergency measures to fast-track the takeover and UBS will receive liquidity assistance from the state. The turmoil was unleashed by the collapse of two banks in the US.
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published: 19 Mar 2023
-
UBS Completes Credit Suisse Takeover
UBS Group AG completed the deal to acquire former rival Credit Suisse Group AG, sealing the biggest merger in banking since the 2008 financial crisis and creating a global wealth-management titan. Leonard Kehnscherper reports on Bloomberg Television.
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
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published: 12 Jun 2023
-
Credit Suisse reveals results of last financial quarter before rescue - BBC News
Collapsed banking giant Credit Suisse has revealed the scale of the bank run that triggered its state-backed rescue in March.
Between January and March almost $69bn (£55bn) was withdrawn, with the bank making a pre-tax loss of nearly $1.5bn (£1.2bn) in the same three-month period.
Its forced sale to rival Swiss bank UBS is expected to be completed soon.
Please subscribe here: http://bit.ly/1rbfUog
#CreditSuisse #BBCNews
published: 24 Apr 2023
-
Leak shows Credit Suisse has handled dirty money for decades | DW News
Credit Suisse is facing allegations that it has been handling dirty money for decades. An investigation led by German daily the Süddeutsche Zeitung has revealed that Switzerland's second-biggest lender knowingly managed hundreds of millions of dollars for suspected war criminals, corrupt autocrats and drug dealers. That's according to an investigation by a consortium of over 40 media organizations worldwide. The Swiss bank says it rejects the insinuations about its purported practices.
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For more news go to: http://www.dw.com/en/
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Für Videos in deuts...
published: 21 Feb 2022
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Swiss bank UBS in talks to take over troubled rival Credit Suisse – BBC News
Switzerland's biggest bank, UBS, is in advanced talks to buy all or part of its troubled rival Credit Suisse.
Credit Suisse, the second largest Swiss bank, is facing a crisis of confidence and its shares have fallen sharply in recent days, sending ripples of concern through the markets.
It has been reported that UBS is offering to pay up to $1bn (£820m), and regulators are trying to facilitate a deal before markets reopen on Monday.
Credit Suisse is one of around 30 banks worldwide deemed too big to fail because they are of such importance to the banking system – but the 167-year-old institution is loss-making and has faced a string of problems in recent years, including money laundering charges.
Subscribe HERE: http://bit.ly/1rbfUog
#CreditSuisse #UBS #BBCNews
published: 19 Mar 2023
1:20
UBS completes crisis takeover of Credit Suisse
UBS completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of $1.6 trillion.
#UBS #CreditSu...
UBS completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of $1.6 trillion.
#UBS #CreditSuisse #News #Reuters #newsfeed
Subscribe: http://smarturl.it/reuterssubscribe
Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.
Get the latest news on: https://www.reuters.com/
Follow Reuters on Facebook: https://www.facebook.com/Reuters
Follow Reuters on Twitter: https://twitter.com/Reuters
Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
https://wn.com/Ubs_Completes_Crisis_Takeover_Of_Credit_Suisse
UBS completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of $1.6 trillion.
#UBS #CreditSuisse #News #Reuters #newsfeed
Subscribe: http://smarturl.it/reuterssubscribe
Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.
Get the latest news on: https://www.reuters.com/
Follow Reuters on Facebook: https://www.facebook.com/Reuters
Follow Reuters on Twitter: https://twitter.com/Reuters
Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
- published: 12 Jun 2023
- views: 1338
7:48
Credit Suisse: What is happening to the Swiss banking giant? - BBC News
Shares in Credit Suisse have plunged to a record low, in the wake of last week's collapse of Silicon Valley Bank in the US.
The Swiss bank - which has been bes...
Shares in Credit Suisse have plunged to a record low, in the wake of last week's collapse of Silicon Valley Bank in the US.
The Swiss bank - which has been beset by problems - saw its share price fall by as much as 30% at one point.
Credit Suisse insists its financial position is not a concern.
Investors are concerned about the state of the troubled banking giant and have already been spooked by US bank failures.
Please subscribe HERE http://bit.ly/1rbfUog
#CreditSuisse #Banking #BBCNews
https://wn.com/Credit_Suisse_What_Is_Happening_To_The_Swiss_Banking_Giant_BBC_News
Shares in Credit Suisse have plunged to a record low, in the wake of last week's collapse of Silicon Valley Bank in the US.
The Swiss bank - which has been beset by problems - saw its share price fall by as much as 30% at one point.
Credit Suisse insists its financial position is not a concern.
Investors are concerned about the state of the troubled banking giant and have already been spooked by US bank failures.
Please subscribe HERE http://bit.ly/1rbfUog
#CreditSuisse #Banking #BBCNews
- published: 15 Mar 2023
- views: 1075276
11:49
Why Wealthy Americans Love UBS, The Secretive Swiss Banking Giant
UBS Group AG, with over $5 trillion in invested assets, is Switzerland's largest bank. The company has a sprawling international footprint, with over half of it...
UBS Group AG, with over $5 trillion in invested assets, is Switzerland's largest bank. The company has a sprawling international footprint, with over half of its wealth management assets coming from clients in the United States. Experts believe these customers are drawn to strict bank-client laws in Switzerland. In recent decades, scandals have embroiled both UBS and its latest acquisition, Credit Suisse. After regulators quickly approved of the merger, fresh litigation risks have come to light.
Chapters:
00:00 — Introduction
01:16 — Secrecy
03:08 — Mega banks
06:24 — Acquisitions
09:41 — Capital assets
Producer: Carlos Waters
Editor: Emily Sternlicht
Supervising Producer: Lindsey Jacobson
Graphics: Jason Reginato, Andrea Schmitz
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
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#CNBC
Why Wealthy Americans Love UBS, the Secretive Swiss Banking Giant
https://wn.com/Why_Wealthy_Americans_Love_Ubs,_The_Secretive_Swiss_Banking_Giant
UBS Group AG, with over $5 trillion in invested assets, is Switzerland's largest bank. The company has a sprawling international footprint, with over half of its wealth management assets coming from clients in the United States. Experts believe these customers are drawn to strict bank-client laws in Switzerland. In recent decades, scandals have embroiled both UBS and its latest acquisition, Credit Suisse. After regulators quickly approved of the merger, fresh litigation risks have come to light.
Chapters:
00:00 — Introduction
01:16 — Secrecy
03:08 — Mega banks
06:24 — Acquisitions
09:41 — Capital assets
Producer: Carlos Waters
Editor: Emily Sternlicht
Supervising Producer: Lindsey Jacobson
Graphics: Jason Reginato, Andrea Schmitz
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
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#CNBC
Why Wealthy Americans Love UBS, the Secretive Swiss Banking Giant
- published: 02 Jun 2023
- views: 447730
2:04
Emergency rescue of Credit Suisse as banking fears grow - BBC News
Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal.
The announcement came after a weekend of emergency talks in S...
Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal.
The announcement came after a weekend of emergency talks in Switzerland between the two banks and the country's financial regulators.
The Swiss National Bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy.
It comes as concerns grows over the stability of the global banking system.
Jane Hill presents BBC News at Ten reporting by business editor Simon Jack.
Please subscribe HERE http://bit.ly/1rbfUog
#BBCNews
https://wn.com/Emergency_Rescue_Of_Credit_Suisse_As_Banking_Fears_Grow_BBC_News
Troubled bank Credit Suisse has been rescued by its Swiss rival UBS in a government-backed deal.
The announcement came after a weekend of emergency talks in Switzerland between the two banks and the country's financial regulators.
The Swiss National Bank said the deal was the best way to restore the confidence of financial markets and to manage risks to the economy.
It comes as concerns grows over the stability of the global banking system.
Jane Hill presents BBC News at Ten reporting by business editor Simon Jack.
Please subscribe HERE http://bit.ly/1rbfUog
#BBCNews
- published: 19 Mar 2023
- views: 66802
26:11
Credit Suisse: what next for the crisis-hit bank? | FT Film
The Credit Suisse story is about how finance went wrong at one of Switzerland's most important institutions and one of the most important banks in Europe. It's ...
The Credit Suisse story is about how finance went wrong at one of Switzerland's most important institutions and one of the most important banks in Europe. It's a tale of high-profile scandals, from corporate espionage to cocaine smugglers and oligarchs. But what does the future hold for the venerable institution? Credit Suisse's new chairman, Financial Times reporters and banking industry experts explain it all. Read more at https://on.ft.com/3PrvpZe
Produced, directed and edited by Daniel Garrahan
#banking #creditsuisse #finance #lender #Switzerland #ubs #zurich #scandal #spygate #tidjanethiam #axellehmann #thomasgottstein #banks #morganstanley #spying #oligarchs #covid #lockdown #antoniohortaosorio, #coronavirus #archegosgreensill #markets #bonds #investing #investmentbanks #investment #money #scandals
See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132.
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► Follow us on Instagram: https://www.instagram.com/financialtimes'
https://wn.com/Credit_Suisse_What_Next_For_The_Crisis_Hit_Bank_|_Ft_Film
The Credit Suisse story is about how finance went wrong at one of Switzerland's most important institutions and one of the most important banks in Europe. It's a tale of high-profile scandals, from corporate espionage to cocaine smugglers and oligarchs. But what does the future hold for the venerable institution? Credit Suisse's new chairman, Financial Times reporters and banking industry experts explain it all. Read more at https://on.ft.com/3PrvpZe
Produced, directed and edited by Daniel Garrahan
#banking #creditsuisse #finance #lender #Switzerland #ubs #zurich #scandal #spygate #tidjanethiam #axellehmann #thomasgottstein #banks #morganstanley #spying #oligarchs #covid #lockdown #antoniohortaosorio, #coronavirus #archegosgreensill #markets #bonds #investing #investmentbanks #investment #money #scandals
See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132.
► Check out our Community tab for more stories on the economy.
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► Follow us on Instagram: https://www.instagram.com/financialtimes'
- published: 14 Jul 2022
- views: 1583799
4:07
Switzerland's UBS reaches deal to take over Credit Suisse | DW News
Switzerland's biggest bank UBS has reached a deal to take over its embattled rival Credit Suisse for more than two billion dollars.
The takeover comes amid fear...
Switzerland's biggest bank UBS has reached a deal to take over its embattled rival Credit Suisse for more than two billion dollars.
The takeover comes amid fears that an ongoing banking crisis could destabilize the global financial system. Switzerland is preparing emergency measures to fast-track the takeover and UBS will receive liquidity assistance from the state. The turmoil was unleashed by the collapse of two banks in the US.
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#Switzerland #CreditSuisse #BankFailure
https://wn.com/Switzerland's_Ubs_Reaches_Deal_To_Take_Over_Credit_Suisse_|_Dw_News
Switzerland's biggest bank UBS has reached a deal to take over its embattled rival Credit Suisse for more than two billion dollars.
The takeover comes amid fears that an ongoing banking crisis could destabilize the global financial system. Switzerland is preparing emergency measures to fast-track the takeover and UBS will receive liquidity assistance from the state. The turmoil was unleashed by the collapse of two banks in the US.
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
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#Switzerland #CreditSuisse #BankFailure
- published: 19 Mar 2023
- views: 148210
2:35
UBS Completes Credit Suisse Takeover
UBS Group AG completed the deal to acquire former rival Credit Suisse Group AG, sealing the biggest merger in banking since the 2008 financial crisis and creati...
UBS Group AG completed the deal to acquire former rival Credit Suisse Group AG, sealing the biggest merger in banking since the 2008 financial crisis and creating a global wealth-management titan. Leonard Kehnscherper reports on Bloomberg Television.
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
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https://wn.com/Ubs_Completes_Credit_Suisse_Takeover
UBS Group AG completed the deal to acquire former rival Credit Suisse Group AG, sealing the biggest merger in banking since the 2008 financial crisis and creating a global wealth-management titan. Leonard Kehnscherper reports on Bloomberg Television.
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
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- published: 12 Jun 2023
- views: 4840
3:42
Credit Suisse reveals results of last financial quarter before rescue - BBC News
Collapsed banking giant Credit Suisse has revealed the scale of the bank run that triggered its state-backed rescue in March.
Between January and March almost ...
Collapsed banking giant Credit Suisse has revealed the scale of the bank run that triggered its state-backed rescue in March.
Between January and March almost $69bn (£55bn) was withdrawn, with the bank making a pre-tax loss of nearly $1.5bn (£1.2bn) in the same three-month period.
Its forced sale to rival Swiss bank UBS is expected to be completed soon.
Please subscribe here: http://bit.ly/1rbfUog
#CreditSuisse #BBCNews
https://wn.com/Credit_Suisse_Reveals_Results_Of_Last_Financial_Quarter_Before_Rescue_BBC_News
Collapsed banking giant Credit Suisse has revealed the scale of the bank run that triggered its state-backed rescue in March.
Between January and March almost $69bn (£55bn) was withdrawn, with the bank making a pre-tax loss of nearly $1.5bn (£1.2bn) in the same three-month period.
Its forced sale to rival Swiss bank UBS is expected to be completed soon.
Please subscribe here: http://bit.ly/1rbfUog
#CreditSuisse #BBCNews
- published: 24 Apr 2023
- views: 25156
3:38
Leak shows Credit Suisse has handled dirty money for decades | DW News
Credit Suisse is facing allegations that it has been handling dirty money for decades. An investigation led by German daily the Süddeutsche Zeitung has revealed...
Credit Suisse is facing allegations that it has been handling dirty money for decades. An investigation led by German daily the Süddeutsche Zeitung has revealed that Switzerland's second-biggest lender knowingly managed hundreds of millions of dollars for suspected war criminals, corrupt autocrats and drug dealers. That's according to an investigation by a consortium of over 40 media organizations worldwide. The Swiss bank says it rejects the insinuations about its purported practices.
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#CreditSuisse #WarCrimes #MoneyLaundering
https://wn.com/Leak_Shows_Credit_Suisse_Has_Handled_Dirty_Money_For_Decades_|_Dw_News
Credit Suisse is facing allegations that it has been handling dirty money for decades. An investigation led by German daily the Süddeutsche Zeitung has revealed that Switzerland's second-biggest lender knowingly managed hundreds of millions of dollars for suspected war criminals, corrupt autocrats and drug dealers. That's according to an investigation by a consortium of over 40 media organizations worldwide. The Swiss bank says it rejects the insinuations about its purported practices.
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
For more news go to: http://www.dw.com/en/
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#CreditSuisse #WarCrimes #MoneyLaundering
- published: 21 Feb 2022
- views: 65420
5:48
Swiss bank UBS in talks to take over troubled rival Credit Suisse – BBC News
Switzerland's biggest bank, UBS, is in advanced talks to buy all or part of its troubled rival Credit Suisse.
Credit Suisse, the second largest Swiss bank, is...
Switzerland's biggest bank, UBS, is in advanced talks to buy all or part of its troubled rival Credit Suisse.
Credit Suisse, the second largest Swiss bank, is facing a crisis of confidence and its shares have fallen sharply in recent days, sending ripples of concern through the markets.
It has been reported that UBS is offering to pay up to $1bn (£820m), and regulators are trying to facilitate a deal before markets reopen on Monday.
Credit Suisse is one of around 30 banks worldwide deemed too big to fail because they are of such importance to the banking system – but the 167-year-old institution is loss-making and has faced a string of problems in recent years, including money laundering charges.
Subscribe HERE: http://bit.ly/1rbfUog
#CreditSuisse #UBS #BBCNews
https://wn.com/Swiss_Bank_Ubs_In_Talks_To_Take_Over_Troubled_Rival_Credit_Suisse_–_BBC_News
Switzerland's biggest bank, UBS, is in advanced talks to buy all or part of its troubled rival Credit Suisse.
Credit Suisse, the second largest Swiss bank, is facing a crisis of confidence and its shares have fallen sharply in recent days, sending ripples of concern through the markets.
It has been reported that UBS is offering to pay up to $1bn (£820m), and regulators are trying to facilitate a deal before markets reopen on Monday.
Credit Suisse is one of around 30 banks worldwide deemed too big to fail because they are of such importance to the banking system – but the 167-year-old institution is loss-making and has faced a string of problems in recent years, including money laundering charges.
Subscribe HERE: http://bit.ly/1rbfUog
#CreditSuisse #UBS #BBCNews
- published: 19 Mar 2023
- views: 102881