Verdict on Swiss handling of Credit Suisse meltdown to set tone for UBS

By Ariane Luthi and Oliver Hirt ZURICH (Reuters) – A long-awaited report on how Swiss authorities handled the collapse of Credit Suisse is due to be published in the coming days, potentially paving the way for stricter oversight of its new owner UBS. …

Alliance Bernstein to sue Switzerland over $17bn Credit Suisse debt wipeout

AllianceBernstein to sue Switzerland over $17bn Credit Suisse debt wipeout

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. US asset manager AllianceBernstein is preparing to sue Switzerland for $225mn over the decision to wipe out $17bn of debt when the …

Denmark’s Nykredit in $3.5bn deal for Spar Nord Bank; AllianceBernstein files suit over $17bn Credit Suisse debt wipeout

Danish lender Nykredit has announced a DKr24bn ($3.5bn) all-cash offer to acquire its domestic rival Spar Nord Bank, the two companies said in a joint statement on Tuesday. Nykredit’s offer of DKr210 per share represents a 49 per cent premium on Spar Nord’ …

What to Expect From the PUK Report on Credit Suisse

A crucial piece is still missing in the aftermath of Credit Suisse's (CS) collapse: the report from the Swiss Parliamentary Investigation Commission (PUK). Speculation is rampant, but much of it may prove less explosive than anticipated. Everything …

AllianceBernstein to sue Switzerland over $17bln Credit Suisse debt wipeout, FT reports

U.S. asset manager AllianceBernstein is preparing to sue Switzerland for $225 million after UBS' takeover of Credit Suisse last year led to the erasure of $17 billion of the failed bank's debt, the Financial Times reported on Tuesday. …

Baloise Expands Board With Former Credit Suisse Executive

There will be changes to the Board of Directors at Baloise next year. In addition to two replacement elections, a representative from the major shareholder Cevian will also join the supervisory body. At the upcoming General Assembly, two members of the …

Switzerland prepares to reveal findings on Credit Suisse’s collapse

Switzerland is about to drop one of its most highly anticipated reports: the findings from its investigation into Credit Suisse’s shocking collapse in 2023. The report, led by the Parliamentary Investigation Commission (PUK), will get deep into the chain …

International banks stumble in Q4 earnings amid credit hurdles

Enjoy complimentary access to top ideas and insights — selected by our editors. U.S. banks faced a hard-fought third quarter, as consumer delinquencies and other credit challenges hindered earnings performance but didn't wholly prevent some from …

The rotten core of Credit Suisse

The tale of Credit Suisse ought to be Buddenbrooks on steroids. A staid Swiss lender enters marriage with a racy Wall Street investment bank and gives birth to a monster. Scandal follows scandal. CEOs come and go. In March 2023, the bank ends up being …