Tue, Mar 19, 2024
A second issue came about because Credit Suisse's Common Equity Tier 1 ratio capital was not of high enough quality. "
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Sun, Oct 29, 2023
The Swiss franc hit its strongest level since 2015 against the euro last Friday, on the back of investor risk aversion due to the war in the Middle East, as well as broad weakness in the euro.
Tue, Sep 12, 2023
Asia’s relatively strong economic trajectory and inter-generational transfer of wealth remain long-term drivers of growth but with twin troubles in the region, UBS might not be the only one getting its house in order.
Fri, Mar 17, 2023
Share Market Today LIVE: Indian equity benchmarks Nifty and Sensex swung between gains and losses in yet another wild session on Dalal Street, amid positive cues in global markets where financial shares made a comeback with investors cheering a lifeline given to the troubled Credit Suisse. The Indian share market has been bearing the brunt of a fall in bank shares around the globe with investors already rocked by the sudden collapse of Silicon Valley Bank (SVB). Catch all the highlights of the March 17 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog.
Thu, Mar 16, 2023
The ECB hiked rates by half a percentage point Thursday, underlining its determination to fight high inflation
Credit Suisse share price surge sends positive signals to European markets as Swiss National Bank promises lifeline
Credit Suisse — Switzerland's second-largest bank after UBS Group AG — plays an important role in international financial markets with operations across Europe and Asia and a substantial U.S. business.
What has happened so far at Credit Suisse? Swiss National Bank will give a loan of $5370 Cr, but why is the crisis not over yet? Is there a situation like 2008 Lehman Brothers or not? Increased threat to US small banks? Know from Ajay Bagga, Chairman of Elyments Platforms.
European markets were up 2-2.5 per cent in the morning session after the Swiss National Bank accepted Credit Suisse's request for financial assistance up to 50 billion Swiss francs ($54 billion).
US market recovered after Swiss regulator's statement. Dow dropped 280 points. Whereas, the Nasdaq remained flat. However, there was a recovery of 445 points in Dow and 195 points in Nasdaq from the lower level. The Swiss regulator has assured Credit Suisse of providing additional liquidity if necessary. Credit Suisse will take a loan of $ 53.7 billion from Swiss central bank through short term liquidity.
Credit Suisse's borrowing will be made under the covered loan facility and a short-term liquidity facility, fully collateralised by high quality assets.
Share Market HIGHLIGHTS: Indian equity benchmarks Nifty and Sensex finished yet another wild day on Dalal Street with mild gains on Thursday. The Indian stock market took nascent positive cues from European equities and Wall Street futures after a bounceback in Credit Suisse shares led to optimism of an end to the turmoil in banking shares around the globe, already rattled by the sudden collapse of Silicon Valley Bank (SVB). Catch all the highlights of the March 16 session on Dalal Street, market commentary and analysis, the views of Zee Business Managing Editor Anil Singhvi and other experts, stocks to buy and trade recommendations only on Zeebiz.com's blog.
Credit Suisse Group AG’s top shareholder has ruled out providing more financial assistance to the bank. After the Credit Suisse Bank crisis, there was a sharp decline in the markets worldwide. Dow Jones fell by about 500 points. Whereas, the S&P 500 fell by about 1.50%. The Nasdaq declined by about 115 points. Brent slipped below $75 for the first time since December 2021. Credit Suisse's stock fell 28%. As such, the stock of First Republic Bank fell by 15%. European markets fell 2-4%. There has also been a huge decline in the currency market. Watch this special report on India 360.
Wed, Mar 15, 2023
Amidst SVB collapse, Credit Suisse shares on March 15 dropped as much as 17% to new record low, as its largest investor said it could not provide the Swiss bank with more financial assistance. Furthermore, NeelKanth Mishra steps down from credit suisse to join Axis bank
Credit Suisse Group AG’s top shareholder has ruled out providing more financial assistance to the bank. It cited regulatory issues for its decision to step back. After which the stock of Credit Suisse sank to a record low.
Credit Suisse's shares plunged to fresh lows on Wednesday as its main shareholder said it would not provide more financial assistance to the embattled Swiss banking giant. "The answer is absolutely not, for many reasons outside the simplest reason which is regulatory and statutory," Saudi National Bank said in an interview.
Credit Suisse on Tuesday published its annual report for 2022 saying the bank had identified "material weaknesses" in controls over financial reporting and not yet stemmed customer outflows. Switzerland's second-biggest bank is seeking to recover from a string of scandals that have undermined the confidence of investors and clients. Customer outflows in the fourth quarter rose to more than 110 billion Swiss francs ($120 billion).
Neelkanth Mishra, co-head of Asia Pacific strategy and head of securities research of Credit Suisse in India, has quit from his position, Bloomberg reported citing people familiar with the development.
On Monday, Credit Suisse shares plunged more than 14 per cent to hit a record low amid turmoil across banking shares around the globe following the sudden collapse of US-based lenders Silicon Valley Bank (SVB) and Signature Bank.
Fri, Mar 10, 2023
Credit Suisse on Thursday announced that it will delay the publication of its 2022 annual report after a late call from the U.S. Securities and Exchange Commission on Wednesday night. Watch full details in this video.
Sat, Feb 11, 2023
Zee Business brings to you 3 stocks recommended by brokerage firms to keep an eye out for.
Sat, Feb 04, 2023
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