Credit Suisse

It is reported that Chris McMillan, head of Credit Suisse Web3 investment bank, left his job and sought a job at TAP Advisors.
Chris McMillan, Head of Credit Suisse Web3 Investment

According to reports, Ian Berg, a professor at the European Studies Institute at the London School of Economics, recently stated in an interview that the continuous interest rate h

On April 2, according to a report by the Financial Times, Swiss federal prosecutors have launched an investigation into the acquisition of Credit Suisse by a larger competitor, UBS

On April 2nd, according to foreign media reports, a senior manager of UBS revealed that UBS plans to cut 20% to 30% of its workforce after acquiring Credit Suisse, potentially cutt

On April 2nd, according to foreign media reports, a senior manager of UBS revealed that UBS plans to cut 20% to 30% of its workforce after acquiring Credit Suisse, potentially cutt

On March 27th, Swiss Finance Minister Karin Keller Sutter stated that the Swiss government was forced to intervene to save Credit Suisse because Credit Suisse might not survive Mon

According to reports, people familiar with the matter said that Credit Suisse and UBS were being reviewed by the US Department of Justice. According to reports, the United States D

According to reports, under the mediation of the Swiss government, UBS agreed to acquire rival Credit Suisse for 3 billion Swiss francs and agreed to bear losses of up to $5.4 billion. UBS said that the 22.48 shares held by its shareholders would be exchanged for one UBS share, equivalent to 0.76 Swiss francs per share, for a total consideration of 3 billion Swiss francs. The transaction is expected to be completed by the end of 2023, with annual cost savings of approximately $7 billion by 2027. The Swiss Central Bank said it would provide liquidity assistance of 100 billion Swiss francs ($108 billion) to the merged banks. The Swiss Financial Market Supervisory Authority (FINMA) stated that all business activities of the two banks would likely continue without restriction or interruption. With the support of the Swiss government, Credit Suisse’s additional Tier 1 capital bond (AT1) with a nominal value of approximately 16 billion Swiss francs ($17.2 billion) will be…

According to reports, the Swiss Central Bank said that UBS announced its acquisition of Credit Suisse today. Significant liquidity assistance will be provided to support UBS’s acquisition of Credit Suisse. Both UBS and Credit Suisse have unrestricted access to the existing facilities of the Swiss Central Bank. The acquisition was achieved with the support of the Swiss Federal Government, the Swiss financial market regulator Finma, and the Swiss Central Bank. The Swiss Central Bank said it could provide up to 100 billion Swiss francs of liquidity assistance loans to Credit Suisse and provide federal default guarantees. Swiss Central Bank: Can provide up to 100 billion Swiss francs of liquidity assistance loans to Credit Suisse Analysis based on this information:UBS, a Swiss multinational investment bank and financial services company, has announced its acquisition of Credit Suisse, a leading global wealth manager and investment bank. Reports state that the Swiss Central Bank will provide significant liquidity assistance to support UBS’s acquisition of…

According to reports from the Financial Times, people familiar with the matter said UBS had agreed to acquire Credit Suisse and raised its bid to more than $2 billion. UBS will purchase the shares of Credit Suisse at a price of more than 0.5 Swiss francs per share, which is still far below the closing price of 1.86 Swiss francs last Friday. In addition, UBS has agreed to soften the “material adverse change” clause, which stipulates that if UBS’s credit default spreads soar, the transaction will lapse. The material adverse change clause will apply between the signing and completion of the transaction. People familiar with the matter also said that the Swiss authorities have obtained the prior approval of relevant regulatory bodies in the United States and Europe, and it is expected that the United States and Europe will issue a joint statement today. Two people familiar with the matter said UBS would significantly shrink Credit Suisse’s investment banking business,…

It is reported that Sun Yuchen, founder of the blockchain platform Tron, will purchase Credit Suisse for $1.5 billion and integrate it into the Web 3.0 world. (Jin Shi) Sun Yuchen: Will acquire Credit Suisse for $1.5 billion and integrate it into the Web 3.0 world Analysis based on this information:The recent news about Sun Yuchen, the founder of blockchain platform Tron, acquiring Credit Suisse for $1.5 billion has raised eyebrows in the financial world. The proposed acquisition is significant not only because of its size, but also because of its potential implications on the future of finance, particularly in the context of Web 3.0. It is important to note that Tron is a blockchain-based decentralized platform that aims to create a distributed content entertainment system. Through Tron, content creators are empowered to control their creations and monetize them without the need for intermediaries such as YouTube or Spotify. This approach is aligned with the principles of Web 3.0, which…

On March 20th, the Chairman of Credit Suisse responded to the news that Credit Suisse would be acquired by UBS Group for 3 billion Swiss francs. A merger is the best outcome.
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According to reports, the Singapore Monetary Authority has stated that it is prepared to provide liquidity to ensure stability, and Credit Suisse customers will continue to have full access rights. The domestic financial system will continue to be closely monitored, and UBS’s main business in Singapore is not retail. The Credit Suisse incident will not affect the stability of Singapore’s banking industry. Currently, Credit Suisse continues to operate continuously in Singapore. During the takeover process, close contact will be maintained with the Swiss Financial Market Supervision Authority, Credit Suisse and UBS. Monetary Authority of Singapore: Ready to provide liquidity to ensure stability, Credit Suisse clients will continue to have full access rights Analysis based on this information:The recent news concerning Credit Suisse has caused a stir in the banking industry, with many concerned about its impact on Singapore’s financial stability. However, the Monetary Authority of Singapore has reassured the public by announcing that it is prepared to provide liquidity to…

According to reports, after Credit Suisse Group announced that it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group is reportedly considering acquiring the banking giant. However, UBS requires regulatory support to prevent any losses it may incur when acquiring Credit Suisse. According to unnamed sources familiar with the matter, UBS Group, the world’s largest private bank, hopes regulators will uphold the transaction. Source: UBS is considering acquiring Credit Suisse and requesting regulatory support for the transaction Analysis based on this information:Credit Suisse Group’s announcement that it will borrow 50 billion Swiss francs from the Swiss National Bank has brought significant attention in the banking industry. Rumours suggest that UBS Group, the world’s largest private bank, is interested in acquiring Credit Suisse. However, UBS requires regulatory support to prevent any potential losses that may arise from such an acquisition. UBS’s interest in acquiring Credit Suisse is not surprising considering the challenges facing Credit Suisse. The bank’s…

According to reports, the Swiss authorities are considering allowing Credit Suisse bondholders to bear losses as part of the rescue agreement. If Credit Suisse were liquidated rather than acquired by UBS, its bondholders’ losses could be even greater. (Reuters) Swiss authorities consider assuming losses to Credit Suisse bondholders Analysis based on this information:The Swiss authorities are reportedly considering a proposal that could allow Credit Suisse bondholders to bear losses as part of the bank’s rescue agreement. The move comes as a potential solution to the bank’s financial struggles in the wake of the Archegos Capital Management scandal, which resulted in a $4.7 billion loss for Credit Suisse. If the bank were to be liquidated instead of being acquired by UBS, bondholders could potentially face even greater losses. Credit Suisse is one of the largest banks in Switzerland, with a focus on wealth management, investment banking, and asset management. In recent years, the bank has been struggling to maintain profitability, with…

According to reports, Credit Suisse is said to be rejecting UBS’s $1 billion acquisition offer. Previously, UBS proposed to acquire Credit Suisse for up to US $1 billion and acquire Credit Suisse shares for 0.25 Swiss francs per share. Credit Suisse reportedly will reject UBS’s $1 billion acquisition offer Analysis based on this information:According to recent reports, Credit Suisse has rejected UBS’s acquisition offer of approximately US $1 billion. UBS had proposed to acquire Credit Suisse for up to a billion dollars and purchase its shares for 0.25 Swiss francs per share. Credit Suisse rejected this offer without revealing its reasons. Credit Suisse is a major Swiss multinational investment bank and financial services company based in Zurich, Switzerland. It was founded in 1856 and has a reputation as one of the world’s most prominent and successful banks. Credit Suisse offers a comprehensive range of services, including wealth management, investment banking, and asset management. The bank has been in the news…

According to reports, according to the Financial Times, UBS has proposed to acquire Credit Suisse for up to $1 billion. The Swiss authorities are planning to amend the country’s laws to bypass shareholder votes on the deal, as they are eager to finalize the deal by Monday. Four people familiar with the matter said that an all stock transaction between Switzerland’s two largest banks would be signed as early as Sunday night, and the transaction price would be only a small portion of Credit Suisse’s closing price on Friday, which would almost cost Credit Suisse’s shareholders nothing. People familiar with the matter said that on Sunday morning, the two sides had a communication on the acquisition offer. UBS proposed to purchase the shares of Credit Suisse at a price of 0.25 Swiss francs per share, which was far lower than the closing price of 1.86 Swiss francs last Friday. People familiar with the matter added that UBS also insisted on…

According to reports, according to Sky News, the UK banking regulator has approved UBS’s acquisition of Credit Suisse. Credit Suisse, with about 5000 employees in the UK, is one of the largest investment banking employers in the City of London. Currently, global financial regulators are racing to contain the biggest banking crisis since 2008. According to reports, the Bank of England has indicated to international peers and UBS that it will support this emergency transaction, and both European banking giants hope to announce a deal later on Sunday. British Chancellor of the Exchequer Hunter and Bank of England Governor Bailey are closely monitoring the progress of the transaction. Sources in the City of London said that this weekend, the US authorities have put pressure on the Swiss government to speed up the formulation of a crisis resolution. UK regulators are known to support the merger of UBS and Credit Suisse Analysis based on this information:The news has emerged that the…

According to reports, according to the Financial Times, Switzerland (the authorities) is preparing to take emergency measures to allow UBS to acquire Credit Suisse. Switzerland is preparing to take emergency measures to get UBS to buy Credit Suisse Analysis based on this information:The Financial Times recently reported that Swiss authorities are planning to implement emergency measures to allow UBS, the largest bank in Switzerland, to acquire Credit Suisse, Switzerland’s second-largest bank. This news has sparked many speculations about the implications of such a move, both for the banking sector in Switzerland and the global financial industry. To understand the significance of Switzerland’s decision to take emergency measures for this acquisition, we first need to look at the current state of the two banks. While UBS has been performing reasonably well, Credit Suisse has been struggling in recent years, facing various scandals, regulatory fines, and operational challenges. As a result, its stock price and reputation have taken a hit, making it…

According to reports, the Financial Times quoted people familiar with the matter as saying that Credit Suisse, UBS and their main regulators are stepping up efforts to reach an agreement on the historic merger of Switzerland’s two largest banks, which will be reached as soon as Saturday evening. The Swiss Central Bank and the Swiss Financial Market Supervisory Authority (Finma) have stated to their international counterparts that they believe that reaching a deal with UBS is the only option to prevent the market from collapsing in confidence in Credit Suisse. Regulators in the United States, Britain, and Switzerland are considering the legal structure of the transaction, as well as several concessions UBS is seeking. People familiar with the matter: UBS and Swiss regulators will complete the transaction with Credit Suisse as soon as Saturday evening Analysis based on this information:Reports have emerged suggesting that Credit Suisse and UBS, Switzerland’s two largest banks, are on the verge of reaching a historic…

According to reports, according to people familiar with the matter, Deutsche Bank is closely monitoring the situation of Credit Suisse Group to look for possible opportunities to acquire certain businesses of Credit Suisse. The internal discussions at Deutsche Bank involved which parts of Credit Suisse would be attractive if they were acquired or spun off by UBS Group, and how large a valuation they would give to these assets if they were listed. Insider: Deutsche Bank is studying the acquisition of Credit Suisse assets Analysis based on this information:Deutsche Bank is reportedly keeping a close eye on Credit Suisse Group for potential acquisition opportunities. According to people familiar with the matter, the internal discussions at Deutsche Bank have revolved around which parts of Credit Suisse would be attractive if they were to be acquired or spun off by UBS Group, and how large a valuation they would give to these assets if they were listed. This news comes at a…

According to reports, in response to the previous news that “BlackRock is preparing to bid for Credit Suisse”, a BlackRock spokesman responded that BlackRock will not participate in any plan to acquire all or part of Credit Suisse’s business. BlackRock spokesman: Will not participate in any plan to acquire all or part of Credit Suisse’s business Analysis based on this information:BlackRock, the world’s largest investment manager, has denied reports that it is preparing to bid for Credit Suisse. This statement was in response to recent news that BlackRock was interested in acquiring all or part of Credit Suisse’s business. The BlackRock spokesman clarified that the investment management company will not participate in any plan to acquire Credit Suisse. The financial industry is known for its constant mergers and acquisitions as companies try to expand their reach and diversify their offerings. However, this announcement from BlackRock indicates that it has no intention of acquiring Credit Suisse. At the same time, it…

According to reports, according to people familiar with the matter, BlackRock is embarking on a competitive acquisition of Credit Suisse, aimed at defeating UBS’s plan to acquire Credit Suisse this weekend, which is supported by the Swiss Central Bank. Insider: BlackRock is preparing to launch a competitive acquisition of Credit Suisse Analysis based on this information:Reports reveal that BlackRock, a global investment management company, is in competition with UBS to acquire Credit Suisse. This acquisition is aimed at defeating UBS’s plan to acquire Credit Suisse over the upcoming weekend, which is supported by the Swiss Central Bank. The acquisition of Credit Suisse is seen as a significant step towards gaining a competitive edge in the global investment market. BlackRock’s move to acquire Credit Suisse is a clear indication of its intent to dominate the investment market by expanding its portfolio of clients and diversifying its products and services offerings. As a leading global investment management company, BlackRock has a vast…

It is reported that UBS Group (UBS) is negotiating a partial or overall acquisition of Credit Suisse; The two sides will hold separate talks over the weekend; The Swiss Central Bank and the Swiss Financial Supervisory Authority (Finma) coordinate negotiations; Swiss regulators told the Federal Reserve and the Bank of England on Friday that merging the two banks is their “Plan A”; The two banks are discussing numerous options; Both parties assess regulatory restrictions in different jurisdictions; There is no guarantee that an agreement can be reached. (Financial Times) UBS negotiates the acquisition of Credit Suisse in whole or in part Analysis based on this information:UBS Group is reportedly in discussions for a partial or overall acquisition of Credit Suisse, Switzerland’s second-largest bank. Over the weekend, the two banks will hold separate talks after Swiss regulators coordinated negotiations with the Swiss Central Bank and the Swiss Financial Supervisory Authority (FINMA). The merger of the two banks is their “Plan A,”…

Credit Suisse shares reportedly rose 21% in pre market trading on the Swiss Exchange after the Swiss Central Bank provided liquidity. (Jin Shi) Credit Suisse shares rose 21% in pre market trading on the Swiss Exchange Analysis based on this information:Credit Suisse, one of Switzerland’s leading financial institutions, saw a remarkable surge in its share price by 21% during the pre-market trading of the Swiss Exchange. This sudden jump in the bank’s stock value is reportedly linked to the Swiss Central Bank’s provision of liquidity. The Swiss Central Bank’s move to provide liquidity comes as a relief to the banking sector, which has faced significant challenges amid the COVID-19 pandemic. The bank has played a crucial role in stabilizing the country’s economy and the financial market. By increasing liquidity, the Swiss Central Bank has helped ease the pressure on financial institutions and, as a result, provided a more favorable environment for Credit Suisse to grow and develop its business. The…

Credit Suisse reportedly said it plans to borrow up to 50 billion Swiss francs from the Swiss Central Bank through a secured loan project. Credit Suisse also announced that Credit Suisse International plans to repurchase certain OpCo senior debt securities with no more than 3 billion Swiss francs in cash. Credit Suisse stated in a statement that this additional liquidity will support its core businesses and customers. Credit Suisse will take the necessary steps to create a simpler bank that is more focused on customer needs. Credit Suisse has also made a cash acquisition offer for 10 US dollar denominated senior debt securities at a total price of no more than US $2.5 billion; Another cash offer was announced involving four euro denominated senior debt securities at a total cost of no more than 500 million euros. Both offers are subject to a number of conditions contained in the offer memorandum and expire on March 22. Credit Suisse will borrow…