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 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 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 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 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. Continue reading
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. Continue reading
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… Continue watching
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. Continue reading
May 20 Watch Will Justice Department’s crackdown on Credit Suisse lead to more bank prosecutions? By PBS News Hour Continue watching