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All Stories: Credit Suisse

Credit Suisse inquiry will keep files secret for 50 years

A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, newspaper Aargauer Zeitung reported, triggering concerns among...

UBS set to carve up Credit Suisse after takeover day

ZURICH: UBS is set to finalise the takeover of Credit Suisse on Monday, but the hardest part is yet to come: turning the arranged...

Over $68 bn withdrawn from Credit Suisse ahead of UBS takeover

ZURICH: More than $68 billion was withdrawn from Credit Suisse in the first three months of 2023, the bank said Monday in what are...

Saudi National Bank appoints new chairman after Credit Suisse loss

Saudi National Bank, the largest shareholder in Credit Suisse before the bank's rescue earlier this month, on Monday named a new chairman after the...

UBS shares sink after Credit Suisse buyout

ZURICH: UBS share price plunged on Monday as a deal to take over its troubled Swiss rival Credit Suisse for $3.25 billion failed to...

Embattled Credit Suisse shares rebound after $54 billion lifeline

ZURICH: Credit Suisse shares surged more than 30 percent Thursday after announcing it would borrow up to $53.7 billion from the Swiss central bank...

Asian markets sink as Credit Suisse fuels bank contagion fears

HONG KONG: Asian markets slid Thursday, led again by banks, with contagion talk sweeping across trading floors owing to fears about European giant Credit...

Credit Suisse shares sink as top shareholder rules out more cash

PARIS: Credit Suisse's shares plunged to fresh lows on Wednesday as its main shareholder said it would not provide more financial assistance to the...

Credit Suisse: No sign of light at end of tunnel for investors

Weary Credit Suisse investors fear a long wait for the bank to get back on piste after a string of scandals which have wiped...

Britain lost $1.5 trillion in household wealth since Brexit vote: study

ZURICH: Britain lost $1.5 trillion (1.4 trillion euros) in household wealth in 2016, a blow caused by the pound's free-fall after the Brexit vote, Switzerland's...

Credit Suisse CEO defends bank over Panama Papers

HONG KONG: The CEO of Credit Suisse said Tuesday the bank does not endorse offshore accounts for tax avoidance or shady dealings, the latest bank to defend itself against accusations made in the Panama Papers leak.

Two banks paid no tax in UK

LONDON: Two more investment banks have reported paying zero tax in Britain in 2014, prompting the opposition Labour party to urge the government to reverse a tax change it made for banks last year.

Several Swiss banks pull out of U.S. tax program: paper

ZURICH: At least 10 Swiss banks have withdrawn from a U.S. program aimed at settling a tax dispute between them and the United States, Swiss newspaper NZZ am Sonntag said on Sunday, quoting unnamed sources.
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