Featured

The shocking demise of Credit Suisse may well sully Switzerland’s banking reputation for years, possibly decades, to come. Earlier this week, Swiss President Alain Berset went so far as to say that an “uncontrolled collapse” of one of the country’s biggest and oldest banks would lead to “incalculable consequences”...

ONE of Credit Suisse Group’s biggest shareholder groups said the rushed merger of its bank with UBS Group over the weekend is an unprecedented breach of shareholder rights that may scare off institutional investors.

INVESTORS stepped cautiously into bank stocks on Tuesday (Mar 21), emboldened by the rescue of Credit Suisse, with share prices tentatively rising in Europe and Asia amid lingering concerns about further damage to credit markets and smaller US lenders.

The US Federal Reserve could try to shock the banking system back to life and avert a burgeoning financial crisis by holding interest rates steady at the end of its two-day meeting on Wednesday.

AMID the banking fallout in the US and the European Union(EU), Asian banks are seen as relatively low-risk given their lower exposure to US and EU corporate bonds.

AN EXTRAORDINARY weekend in Switzerland culminated in the collapse of Credit Suisse into the wary embrace of its great rival, UBS. The latter did not want to have to buy the former. For all the Swiss authorities’ insistence that this was a takeover – a “commercial solution” according to...

RECRUITERS across the world are getting an unprecedented flood of calls from Credit Suisse Group bankers seeking new jobs as the embattled Swiss lender is set to be taken over by UBS Group.

RECRUITERS across the world are getting an unprecedented flood of calls from Credit Suisse Group bankers seeking new jobs as the embattled Swiss lender is set to be taken over by UBS Group.

GREAT Eastern board chairman Koh Beng Seng will resign on Apr 21 when the insurer’s annual general meeting concludes. Replacing him will be Soon Tit Koon, who will take on the chairman role the day after.

LAWYERS from Switzerland, the United States and UK are talking to a number of Credit Suisse Additional Tier 1 (AT1) bondholders about possible legal action after the state-backed rescue of Credit Suisse by UBS wiped out AT1 bonds, law firm Quinn Emanuel Urquhart & Sullivan said on Monday (Mar...