Tag: CreditSuisse
Banks: "It is not a systemic financial crisis"
Federal Minister of Finance Christian Lindner considers the needs of financial institutions in the USA and Switzerland to be isolated cases. Germany’s banking system is stable. Critics still see room…
SZ podcast: Banking crisis: “Precarious, but different from 2008” – Economy
There was bad news from the banking world almost every day this week: A total of four banks stumbled, some of them even went bankrupt. It all started with the…
Financial industry: $30 billion in aid for First Republic Bank
The ailing regional bank receives a multi-billion dollar cash injection from the major US banks. Chancellor Scholz does not see the danger of a new financial crisis. The monetary system…
Banks and Credit Suisse: It smells like a financial crisis – economy
The situation on the financial markets is extremely nervous on Thursday morning after the turbulence surrounding Credit Suisse. Politicians and central banks are making hectic efforts to calm investors and…
Crédit Suisse wants up to 50 billion francs from the central bank – economy
The ailing bank Crédit Suisse wants to borrow up to 50 billion francs (around 50.7 billion euros) from the Swiss National Bank (SNB). The institute announced this in an ad…
Crisis at Credit Suisse: share temporarily falls by 30 percent – economy
From Isabel Pfaff and Meike Schreiber, Bern/Frankfurt Hopes for a quick recovery on the stock markets after the collapse of the Silicon Valley Bank (SVB) were premature: on Wednesday, the…
Banks: The crisis at Credit Suisse is coming to a head – economy
From Isabel Pfaff and Meike Schreiber, Bern/Frankfurt Hopes for a quick recovery on the stock markets after the collapse of the Silicon Valley Bank (SVB) were premature: on Wednesday, the…
Credit Suisse – major shareholder exits – Economy
Long-time Credit Suisse shareholder Harris Associates has left the crisis-ridden Swiss bank completely. Harris began reducing its stake in October and has now completely divested itself of it, Harris vice-president…
“Serious violation of Swiss supervisory law” – Economy
At Credit Suisse, number two in the Swiss banking sector, they hardly get a chance to catch their breath. The crisis bank just had to report a record loss of…
7.3 billion francs loss: Credit Suisse reports disastrous numbers – economy
The managers of the venerable Credit Suisse used to hold press conferences in Zurich to present their annual results. Afterwards, you could still discuss the numbers with the management team…