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credit suisse

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The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. File photo by Denis Balibouse/REUTERS

Politics Jun 12

UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil

By Geir Moulson, Courtney Bonnell, Associated Press

World May 26

The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. File photo by Denis Balibouse/REUTERS
Court says Credit Suisse owes millions to Georgia’s billionaire former prime minister

A Singapore court says Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire's money in a trust pilfered by a manager.

By Courtney Bonnell, Associated Press

Politics Mar 29

Credit Suisse logo in Geneva
Credit Suisse violated plea deal with failure to report offshore accounts for clients’ tax evasion, U.S. lawmakers

U.S. lawmakers say Credit Suisse violated a plea agreement by failing to report secret offshore accounts that wealthy Americans used to avoid paying taxes.

By Jamey Keaten, Courtney Bonnell, Associated Press

World Mar 24

A worker walks past Deutsche Bank offices in London
Shares of Germany’s largest lender Deutsche Bank fall amid global jitters over banks

Shares in Deutsche Bank, Germany's largest lender, have fallen sharply and dragged down major European banks as fears about the global financial system send fresh shudders through the market.

By David McHugh, Associated Press

Economy Mar 20

A man puts a sign on the door of the Silicon Valley Bank as an onlooker watches at the bank’s headquarters in Santa Clara, California, U.S. March 10, 2023. Photo by Nathan Frandino/REUTERS
FDIC extends bidding process for Silicon Valley Bank successor

The FDIC said Monday that there’s been “substantial interest” from multiple parties for Silicon Valley Bridge Bank.

By Michelle Chapman, Associated Press

Mar 19

Banking giant UBS announces acquisition of Credit Suisse amid financial turmoil

By Jamey Keaten, Ken Sweet, Associated Press

Banking giant UBS is buying its smaller rival Credit Suisse in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night.

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Mar 16

Credit Suisse shares soar after European Central Bank offers lifeline

By Jamey Keaten, Danica Kirka, Associated Press

Credit Suisse shares surged after the Swiss central bank agreed to loan the bank up to 50 billion francs ($54 billion) to bolster confidence in the country's second-biggest lender following the collapse of two U.S. banks.

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Mar 15

Watch 6:26
Global markets tumble as Credit Suisse acknowledges signs of instability

By William Brangham, Diane Lincoln Estes, Ryan Connelly Holmes

Trouble at a major European bank injected fresh fear into global financial markets. Shares in Credit Suisse plunged after its largest lender ruled out a rescue. That touched off a broader sell-off a day after Wall Street appeared to weather…

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Mar 15

Credit Suisse shares plunge, drag down European lenders

By Jamey Keaten, David McHugh, Associated Press

Shares in the globally connected Swiss bank Credit Suisse plunged and dragged down other major European lenders.

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May 20

Watch
Will Justice Department’s crackdown on Credit Suisse lead to more bank prosecutions?

By PBS News Hour

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