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Credit Suisse

What is Systemic Risk and How Does it Lead to a Banking Crisis?

By Spiros Bougheas The recent collapse of Silicon Valley Bank (SVB), a regional US bank that funded start-up companies in the technology and innovation sector, has created a worldwide wave of financial instability. Despite the efforts of US financial regulators to...

Will First Republic Bank Survive the Storm?

Shares of First Republic Bank continued their free-fall despite a rare move by the biggest U.S. banks to pump $30 billion into the regional lender. The company's stock plunged more than 47% on Monday, while trading was halted numerous times...

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...

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.

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...

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...

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...

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...

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...

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...