The global banking sector has witnessed a significant surge in its stocks as Credit Suisse, one of the major players in the industry, taps into the central bank for emergency funding. The move comes as the Swiss bank faces a financial crisis due to its exposure to hedge funds that collapsed in the wake of … Read more
The Taoiseach of Ireland, Micheál Martin, has remained calm and assured in the face of recent market jitters, which have been sparked by Credit Suisse’s involvement in a series of hedge fund losses. Despite concerns about the stability of Irish banks, Martin has stated that he is “not concerned” about the impact of the Credit … Read more
Harris Associates disclosed that it has acquired a stake of more than 10% in the stock Credit Suisse (Credit Suisse Group AG) after converting some of its holdings into US certificates of deposit, confirming its position as the bank’s largest shareholder. Harris Associates Investments said in a disclosure to the U.S. regulator Wednesday that it … Read more
Dax curve The mood of investors is neutral. This indicates only slight price fluctuations in the Dax. – (Photo: dpa) – – – – Düsseldorf After trading in positive all day, the Dax fell into the red in the late afternoon, closing 0.7 percent in minus at 12,089 points. Yesterday Thursday, the leading German index … Read more
The two big Swiss banks Credit Suisse and UBS want to be perceived differently by investors than their competitors in the banking sector. They have now achieved that. According to a stock market index, they are no longer considered a bank. UBS and Credit Suisse (CS) are no longer banks. The index company FTSE Russell … Read more
UBS and Credit Suisse shares are being sold off in the wake of the corona crisis. On Friday, both titles fell below the CHF 10 mark. The shares of the two major Swiss banks UBS and Credit Suisse (CS) cost practically the same on Friday morning: UBS was trading at CHF 9.90 at around 10 … Read more
Credit Suisse shareholders revolt against Chairman of the Board of Directors Urs Rohner – and support CEO Tidjane Thiam. An unprecedented process in Swiss banking history. What are the real motives behind it? With Harris Associates, Silchester International and the US hedge fund Eminence Capital, three well-known investors interfered in the raging power struggle at … Read more
