Credit Suisse News

Media cameras filming FINMA executives at a press conference

Cracks show at ‘stressed’ Swiss financial watchdog

This content was published on Sep 7, 2023 What the resignation of FINMA’s CEO says about the financial watchdog and the challenge of restoring order in the Swiss banking sector.

Credit Suisse parliamentary probe ventures into the unknown

This content was published on Jul 14, 2023 A rare Swiss parliamentary investigation to define method of engagement before launching into a Credit Suisse probe.

Swiss investors in Credit Suisse join class action challenging UBS deal

This content was published on Jul 5, 2023 UBS is facing a new legal challenge to its takeover of Credit Suisse after a group of leading Swiss investors joined a class-action lawsuit.

UBS seals state-funded CHF9bn takeover loss guarantee

This content was published on Jun 9, 2023 Swiss government formally earmarks CHF9 billion of taxpayer funds to plug potential losses from UBS’s takeover of Credit Suisse.

Credit Suisse AT1 bond ‘rip-off’ could cost Swiss taxpayer

This content was published on Jun 8, 2023 The Swiss courts must decide if the Credit Suisse AT1 bond write-off was illegal – and, if so, who should pay.

Credit Suisse share prices fall on stock market list

Credit Suisse staff prepare to sue regulator Finma over lost AT1 bonuses

This content was published on May 22, 2023 Credit Suisse staff are preparing to sue the Swiss financial regulator over $400 million of bonuses that were cancelled following its rescue by UBS.

Credit Suisse has plugged client outflows, says UBS boss

This content was published on May 12, 2023 A crippling bank run that forced Credit Suisse into the arms of its Swiss banking rival has ended, says UBS boss.

Credit Suisse to operate under own flag after UBS takeover

This content was published on May 9, 2023 Swiss bank Credit Suisse will continue to function under its own name as a separate subsidiary of UBS in the first phase of the takeover process.

Protestors with a boat named Crisis Suisse

Credit Suisse bosses ‘enriched themselves with massive bonuses’

This content was published on May 7, 2023 A handful of Credit Suisse bosses were handed hundreds of millions of francs in opaque deals, reports a newspaper.

Let’s Talk: What next after the Credit Suisse debacle?

This content was published on May 5, 2023 The Let’s Talk debate webcast examines the implications of the Credit Suisse failure for Switzerland and its financial centre.

UBS wary of buying Credit Suisse in February, US filing shows

This content was published on May 3, 2023 The Swiss bank UBS said it had concluded in February that buying its rival Credit Suisse was not desirable.

Swiss lawmakers agree to ban bonuses at too-big-to-fail banks

This content was published on May 3, 2023 The House of Representatives has passed a bill to ban systemically relevant banks from paying some bonuses to bank executives.

Credit Suisse AT1 bondholders who lost $1.7 billion in UBS deal file lawsuits

This content was published on May 2, 2023 Hundreds more bondholders have sued Switzerland’s banking regulator after their securities were wiped out during April’s emergency UBS.

Ermotti shuffling deck of key personnel for enlarged UBS

This content was published on May 1, 2023 UBS CEO Sergio Ermotti selects former executive Tom Naratil as a key member of the new management team, according to a newspaper report.

Retail investors flock to join Credit Suisse bondholder lawsuit

This content was published on Apr 28, 2023 Switzerland’s financial regulator had ordered the wipeout of the bank’s subordinated bonds as condition of UBS rescue.

Credit Suisse was cushioned against catastrophe, says regulator

This content was published on Apr 26, 2023 Regulator says Credit Suisse was armed with practically every safeguard against chaotic disintegration when it collapsed.

UBS picks up chunk of assets escaping failed Credit Suisse

This content was published on Apr 25, 2023 UBS bank saw $28 billion of new client assets in the first three months of the year as its rival, Credit Suisse, fell into ruin.

Credit Suisse reports CHF60bn of client withdrawals

This content was published on Apr 24, 2023 Credit Suisse clients pulled out CHF61.2 billion of their assets in the first three months of the year as they rushed to leave the collapsing bank.

Credit Suisse bondholders sue Swiss regulator over bond wipe-out

This content was published on Apr 21, 2023 Credit Suisse Group bondholders have filed a lawsuit against Switzerland’s banking regulator, according to the Financial Times.

Credit Suisse files London High Court claim against SoftBank in $440m dispute

This content was published on Apr 20, 2023 Legal action marks escalation in Swiss bank’s efforts to recover funds linked to collapse of Greensill Capital.