Euro’s Use in International Payments at 3-Year Low, Yuan at 5-Month High
The euro’s use in international payments fell to its lowest level in three years in April as usage of the US dollar rose, while the...
Tag : Credit Suisse Group AG
First Republic Bank’s Depositors Withdraw $100 Billion, Share Hits New Low
First Republic Bank’s stock dropped over 50% to a record low on Tuesday after the firm disclosed that depositors withdrew more than $100 billion during...
US Fed Approves UBS’s Plan to Takeover US Subsidiaries of Credit Suisse
UBS Group AG has received approval from the US Federal Reserve to acquire Credit Suisse’s US subsidiaries. The deal, brokered by the Swiss authorities, will...
Saudi National Bank Chair Resigns over “Personal Reasons” following the Credit Suisse Debacle
The Saudi National Bank (SNB) has appointed Saeed Mohammed Al Ghamdi as its new chairman, replacing Ammar Al Khudairy, who resigned for personal reasons. The...
Indian Client Services won’t be affected after UBS acquisition, says Credit Suisse Spokesperson
Credit Suisse has confirmed that its merger with UBS will not affect services to its Indian clients, as the bank is focused on ensuring a...
Credit Suisse and UBS Under Pressure to Merge
Credit Suisse Group AG began a make-or-break weekend as regulators urged it to strike a deal with Swiss rival UBS AG, with some rivals turning...
Credit Suisse Raises $2 Billion as CEO Cuts Hedge Fund Unit
Credit Suisse Group AG is raising $2 billion from investors and cutting the hedge fund unit at the center of the Archegos Capital Management losses...
ICICI Bank Weighs Share Sale of Upto $3 Billion
ICICI Bank Ltd. is considering raising as much as $3 billion in a share sale as the lender seeks to bolster its capital ratios, according to...