Credit Suisse
Business
Bitcoin Surges as Crisis Hits Global Banking
Bitcoin was close to nine-month highs on Monday and had its best week in four years as the global banking crisis drives some investors to turn to digital assets.
The biggest cryptocurrency by market value hit its highest since June...
Business
UBS Agrees To Buy Credit Suisse For More Than $2 Billion
Credit Suisse has accepted a takeover offer of over $2 billion by UBS, in a historic government-brokered rescue deal.
Business
Big American Banks Inject $30bn into First Republic to Avert Crisis
A group of big American banks has injected $30bn into a smaller regional bank, First Republic, to avert the crisis in the sector.
The move came as authorities in the US are trying to quell panic over the health of...
Business
Would Greek Banks Survive a Global Financial Crisis?
The shares of Greek banks took a hit on Wednesday following fears of a global meltdown after the troubles of banking giant Credit Suisse.
Piraeus Bank and Alpha Bank closed with losses of 10.98 percent and 10.39 percent respectively, with...
Business
Credit Suisse Borrows $54bn from Central Bank as Fears of Global Crisis Grow
Banking giant Credit Suisse secured a deal on Wednesday to borrow up to $54bn from the Swiss Central Bank to shore up its finances as authorities try to avert a global financial meltdown.
Shares in Credit Suisse fell 24 percent...
Business
Stock Markets in Turmoil as Banking Fears Spread
Stock markets are in turmoil with banking shares falling sharply on Wednesday as investors remain nervous following the collapse of Silicon Valley Bank (SVB) in the US last week.
The failure of SVB has raised fears that other banks could...
Business
Credit Suisse Leaks Indicate Clients Had Corruption, Drug Trafficking Ties
Credit Suisse managed accounts for clients involved in corruption and drug trafficking, Sunday's "Suisse Secrets" data leak showed.
A self-described whistle-blower leaked data on more than 18,000 bank accounts, collectively holding more than $100 billion, to the German newspaper Süddeutsche...
Greece
Greeks Lost one GDP in Net Wealth During the Crisis
Greeks' present net wealth, excluding loans, was 856 billion euros, from 1,023 billion in 2009 -- before the Greek debt crisis -- and 683 billion euros in 2000 before the country entered the Eurozone, according to Credit Suisse data...
Greece
International Media On Scenarios of a SYRIZA Govt in Greece
International media flirt more and more with the scenario of opposition party SYRIZA being the next government in Greece, in a way “forcing” banks, economists and analysts to prepare reports and examine the positive or negative economic effects of such...
Business
Bank of Greece Acquires Eurobank
With Greek banks still reeling from big losses imposed by the government in a desperate bid to write down its staggering $460 billion debt, shareholders at Eurobank have voted to accept a buyout offer from the National Bank of...