#creditsuissedefault

UBS will take over Credit Suisse, Swiss authorities have confirmed. The deal to rescue the embattled lender includes 100bn Swiss francs in liquidity assistance for both banks. In a statement, the Swiss central bank and other officials said that the agreeme

Colm Kelleher, chairman of UBS Group, said the takeover of Credit Suisse "represents enormous opportunities", adding that his bank's long-term aim would be to downsize Credit Suisse's investment banking business and align it with the "conservative culture"

British banking watchdogs have given their blessing to a takeover of Credit Suisse by its Swiss peer UBS, as financial regulators around the world race to contain the industry's biggest crisis since 2008. Credit Suisse has a market capitalisation of just $

Rattled clients pull millions from the bank, Credit Suisse group has reported biggest annual loss since 2008 Global Financial Crisis. It also warned that a further substantial loss would come this year. #creditsuisse #businessnews #worldnews About Channel:

Investors are worried about the future of Credit Suisse. The bank's shares have fallen by 60% in a year. Is credit Suisse in trouble? Priyanka Sharma brings you an assessment. #CreditSuisse #FInancialCrisis #Gravitas About Channel: WION The World is

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