The end of Credit Suisse is a Swiss tragedy, yet self-inflicted and damaging to the reputation of Switzerland as a country and a financial center, finance expert Beat Wittmann writes in his guest post for finews.asia.
Troubled Swiss lender Credit Suisse will go ahead with its Hong Kong-based investment conference with some revisions to the agenda, including the host of the event.
Promises on bonuses and pay hikes will be kept, according to troubled Swiss lender Credit Suisse which is facing uncertainty following its acquisition by UBS.
The Monetary Authority of Singapore said that Credit Suisse’s operations in the city-state will remain uninterrupted following the UBS acquisition.
Blackrock has hired a former Goldman Sachs executive to bolster its passive business in Asia.
Hong Kong’s regulators issued statements of reassurance over worries about Credit Suisse and its post-acquisition state.
UBS is taking over Credit Suisse in what amounts to an arranged marriage. But it gains a hefty dowry.
The takeover of Credit Suisse by larger rival UBS leaves Switzerland with only one globally systemically important bank. The Swiss National Bank is providing 200 billion francs in assistance.
After UBS offered to take over Credit Suisse for 25 centimes per share, the troubled bank's largest shareholder is pushing back on the deal.
UBS has offered to buy Credit Suisse for one billion dollars in an all-share-based transaction. The offering price is well below Credit Suisse's closing price on Friday.
A full merger of the wealth management businesses is likely to lead to significant client exits and prolonged internal tumult – and job cuts – in Asia. Investment banking and asset management overlaps will be more easily mopped up by other market players.
It could prove fatal for Switzerland's second-largest bank if negotiations collapse this weekend as it will face constant fire from now on, finance expert Beat Wittmann tells finews.asia.
Credit Suisse's demise seems unavoidable at this point. Parties are working around the clock to solve the crisis while UBS reportedly stands firm on a number of conditions.
First, a no. But now – a possible yes. The two largest Swiss banks, UBS and Credit Suisse, are ostensibly talking about a merger this weekend given the existential crisis the latter faces. Domestic regulators appear to be striving for a «simple and...
Crypto data provider Kaiko is reportedly planning to relocate its Asia base from Singapore to Hong Kong, in yet another example of digital asset tailwinds in the city.
Troubled Swiss lender Credit Suisse continues to see talent outflows with three senior executives reportedly leaving its Asia Pacific equities business.
In just a few short months, Swiss banking has become a risk factor for the functioning of the international financial system. How could this happen? An analysis by finews.asia founder Claude Baumann.
Geneva-based UBP has reorganized its investment services unit in Asia with greater localization of the top roles.
Singapore’s three largest local banks have «insignificant» exposure to troubled Swiss lender Credit Suisse, according to the city-state’s regulator.
China is reportedly pressing pause on approvals for new applications to sell global depository receipts, which is expected to hit the financial center of Zurich.
Page 129 of 1007
