On Wednesday, Credit Suisse shocked investors as its stock price collapsed. Today, losses were reversed on the news that Swiss authorities are coming to the aid of the beleaguered bank.
As recently as October, Credit Suisse was buying back its bonds to calm the markets. Now it is drawing billions from the Swiss National Bank. It raises the question of its current liquidity situation.
Banking is a relationship business. But crisis-ridden Credit Suisse finds itself surrounded by partners who are reluctant to stand by it and, in the worst-case scenario, become dangerous, finews.asia observes.
Coinbase is upgrading its retail offering in Singapore by allowing customers to freely move funds between their crypto and local bank accounts.
Hong Kong authorities have arrested another five syndicate members involved in a multi-million dollar ramp-and-dump scheme.
German asset manager DWS and Japanese insurer Nippon Life have announced an extension of their strategic alliance.
The US banking crisis has penetrated the heart of the Swiss finance hub in just a few days. Credit Suisse’s fate now hangs by a thread. Only a miracle can prevent the worst from happening on Zurich’s Paradeplatz, writes Swiss finance professor Teodoro Cocca...
Private markets specialist Partners Group has added two new executives for its wealth business in Asia Pacific.
Credit Suisse, already under severe strain, now has to contend with a major shareholder who, to his detriment, clearly does not care enough about his investment.
Citic-owned CLSA plans to double its investment banking headcount in Southeast Asia to link investors, most notably from China, with opportunities in the region.
Credit Suisse chief Ulrich Koerner continues to make efforts to reassure markets about the troubled Swiss lender’s financial health, spotlighting its «too big to fail» status.
Although Credit Suisse's share price dropped below the two-franc mark for the first time, the crisis engulfing the bank is being met with nonchalance in Switzerland, as finews.asia discovered. Still, nobody seriously wants to discuss the liquidation of the...
In an attempt to shore up its financial position, Silicon Valley Bank sold most of its marketable assets, resulting in a loss that panicked markets. Goldman Sachs was the buyer.
Troubled lender Credit Suisse has announced its intention to borrow from the Swiss National Bank to help strengthen liquidity amid continued loss of confidence.
The chairman of the Saudi National Bank, which holds a major stake in Credit Suisse, is happy with the bank's restructuring. Still, the price of Credit Suisse shares continues to fall.
Following a request by Credit Suisse on Wednesday for a statement of support from the Swiss National Bank and the Swiss Financial Market Supervisory Authority, they did just that.
Credit Suisse saw its stock price drop by 30 percent on Wednesday, sent lower by comments from the Saudi National Bank (SNB) Chairman. It is now asking an institution with the same acronym for a show of support. Europe is concerned.
DBS announced the first close of an impact fund with itself as the anchor investor alongside other family offices, foundations, corporates and high net worth individuals.
A former Credit Suisse executive is reportedly joining Mumbai-based Axis Bank to lead its research division.
US authorities are reportedly investigating the recent collapse of Silicon Valley Bank and possible wrongdoing by the tech-focused lender’s top executives.
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