Credit Suisse Is In Crisis. What Went Wrong?

Unease about the bank’s mounting problems snowballed and its shares slumped.

Latest News

2023-03-29
UBS Names Sergio Ermotti as New CEO and President
UBS Names Sergio Ermotti as New CEO and President
2023-03-23
Spin-Off of Credit Suisse Swiss Unit Not on Table, SNB’s Jordan Says
Spin-Off of Credit Suisse Swiss Unit Not on Table, SNB’s Jordan Says
2023-03-21
UBS Set for Talks With Michael Klein to Terminate Credit Suisse Investment Bank Deal
UBS Set for Talks With Michael Klein to Terminate Credit Suisse Investment Bank Deal
2023-03-21
UBS Aims to Boost Its Dealmaker Ranks, Not Spin Out First Boston
UBS Aims to Boost Its Dealmaker Ranks, Not Spin Out First Boston
2023-03-21
Credit Suisse Shareholder Says Override of Vote "Unprecedented"
Credit Suisse Shareholder Says Override of Vote "Unprecedented"
2023-03-21
Credit Suisse Bankers Swarm Headhunters After UBS Rescue
Credit Suisse Bankers Swarm Headhunters After UBS Rescue
2023-03-21
Credit Suisse AT1 Bondholders Consider Possible Legal Action -Law Firm
Credit Suisse AT1 Bondholders Consider Possible Legal Action -Law Firm
2023-03-21
The End of the Everything Bubble Has Finally Hit the Banking System. Credit Suisse and SVB Might Be Just the First of Many Shocks
The End of the Everything Bubble Has Finally Hit the Banking System. Credit Suisse and SVB Might Be Just the First of Many Shocks
2023-03-21
Credit Suisse ECM Bankers Leave for Wells, RBC Ahead of UBS Deal
Credit Suisse ECM Bankers Leave for Wells, RBC Ahead of UBS Deal
2023-03-20
Bank of America Halts Trading With Credit Suisse Electronic Stocks Desk -Email
Bank of America Halts Trading With Credit Suisse Electronic Stocks Desk -Email
2023-03-20
A $2.5 Billion Credit Suisse Junior Bond Escaped Wipeout
A $2.5 Billion Credit Suisse Junior Bond Escaped Wipeout
2023-03-20
Switzerland Puts up 260 Billion Francs for Credit Suisse Rescue, Documents Show
Switzerland Puts up 260 Billion Francs for Credit Suisse Rescue, Documents Show
2023-03-20
Credit Suisse Deal Hands Saudi National Bank $1 Billion Investment Loss
Credit Suisse Deal Hands Saudi National Bank $1 Billion Investment Loss
2023-03-20
How Scandal and Mistrust Ended Credit Suisse’s 166-Year History
How Scandal and Mistrust Ended Credit Suisse’s 166-Year History
2023-03-20
Why $17 Billion in Credit Suisse "CoCos" Got Wiped Out in UBS Takeover
Why $17 Billion in Credit Suisse "CoCos" Got Wiped Out in UBS Takeover
2023-03-20
The One Big Winner and Many Losers of UBS’s Credit Suisse Rescue
The One Big Winner and Many Losers of UBS’s Credit Suisse Rescue
2023-03-20
Credit Suisse Says $17 Billion of Its Debt Now Worthless, Angering Bondholders
Credit Suisse Says $17 Billion of Its Debt Now Worthless, Angering Bondholders
2023-03-19
UBS to Buy Credit Suisse for More Than $3 Billion in Deal Backed By Swiss Government
UBS to Buy Credit Suisse for More Than $3 Billion in Deal Backed By Swiss Government
2023-03-19
Credit Suisse Said to Push Back Against UBS’s $1 Billion Offer
Credit Suisse Said to Push Back Against UBS’s $1 Billion Offer
2023-03-19
UBS Offers to Buy Credit Suisse for up to $1bn
UBS Offers to Buy Credit Suisse for up to $1bn
2023-03-19
US Authorities Engaged on Possible Credit Suisse-UBS Deal
US Authorities Engaged on Possible Credit Suisse-UBS Deal
2023-03-19
UBS, Regulators Race to Seal Credit Suisse Deal As Soon As Saturday, Financial Times Reports
UBS, Regulators Race to Seal Credit Suisse Deal As Soon As Saturday, Financial Times Reports
2023-03-19
UBS Seeks $6 Billion in Government Guarantees for Credit Suisse Takeover
UBS Seeks $6 Billion in Government Guarantees for Credit Suisse Takeover
2023-03-18
Credit Suisse Faces Crucial Weekend With Its Future in Balance
Credit Suisse Faces Crucial Weekend With Its Future in Balance
2023-03-17
UBS in Talks to Acquire Credit Suisse
UBS in Talks to Acquire Credit Suisse
2023-03-17
Credit Suisse Shares Fall to Cap Its Worst Week since 2008 Financial Crisis
Credit Suisse Shares Fall to Cap Its Worst Week since 2008 Financial Crisis
2023-03-17
Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity
Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity
2023-03-16
Credit Suisse Got Its Lifeline. Now It Needs to Win Back Clients
Credit Suisse Got Its Lifeline. Now It Needs to Win Back Clients
2023-03-16
Here's Why A Failure Of Credit Suisse Matters To U.S. Investors
Here's Why A Failure Of Credit Suisse Matters To U.S. Investors
2023-03-16
Credit Suisse To Borrow Up To $54 Bln As It Seeks To Calm Investor Fears
Credit Suisse To Borrow Up To $54 Bln As It Seeks To Calm Investor Fears
2023-03-16
Swiss Central Bank Throws Financial Lifeline To Credit Suisse After Shares Pummelled
Swiss Central Bank Throws Financial Lifeline To Credit Suisse After Shares Pummelled
2023-03-15
Credit Suisse Is In Crisis. What Went Wrong?
Credit Suisse Is In Crisis. What Went Wrong?
2023-03-15
Credit Suisse Appeals to Swiss Central Bank for Show of Support as Share Slide Sparks Wider Rout
Credit Suisse Appeals to Swiss Central Bank for Show of Support as Share Slide Sparks Wider Rout
2023-03-15
Regional and Big Banks Fall as Crisis Fears Rise, with Credit Suisse Plunging 18%
Regional and Big Banks Fall as Crisis Fears Rise, with Credit Suisse Plunging 18%
2023-03-15
Credit Suisse Default Swaps Are 18 Times UBS, 9 Times Deutsche Bank
Credit Suisse Default Swaps Are 18 Times UBS, 9 Times Deutsche Bank
2023-03-15
Credit Suisse Top Shareholder Rules Out More Assistance to Bank
Credit Suisse Top Shareholder Rules Out More Assistance to Bank
2023-03-14
Credit Suisse Says Outflows Have Stabilized But Not Reversed
Credit Suisse Says Outflows Have Stabilized But Not Reversed
2023-03-14
Credit Suisse Finds "Material Weakness" in Financial Reporting
Credit Suisse Finds "Material Weakness" in Financial Reporting

User Discussion

avatarJonak
2023-03-19
0.25? Come on
Credit Suisse Said to Push Back Against UBS’s $1 Billion Offer
avatarSoe77
2023-03-19
 Might as well go for $1😆
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avatarXiaoming05
2023-03-19
Share your opinion about this news…
UBS Offers to Buy Credit Suisse for up to $1bn
avatarTw90
2023-03-19
Market to rally tomorrow?
UBS Offers to Buy Credit Suisse for up to $1bn
avatardaz888888888
2023-03-17
$Credit Suisse Group AG(CS)$  Shares of Credit Suisse (CS), the beleaguered Swiss bank closed lower by 14% on Wednesday after it's biggest shareholder said they wouldn't be investing more money in the company. The chairman of Saudi National Bank, Ammar Al Khudairy, told Bloomberg Television the bank will not invest further in Credit Suisse due to regulatory concerns. His comments came the day after the bank revealed it found "material weakness" in its financial reporting. By late Wednesday, there was so much turmoil regarding Credit Suisse that Swiss National Bank, Switzerland's central bank, said it would provide the bank with liquidity if necessary.
avatarStreetCat
2023-03-17
Ask their precious Swiss WEF to save them pls 🙏
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avatarStreetCat
2023-03-17
So it is not tax payers being forked out for free but borrowed. Interesting 👍
Banks Borrow $164.8 Billion From Fed in Rush to Backstop Liquidity
avatarBKT
2023-03-16
Pls like thanks 
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