Credit Suisse said on Monday 61 billion Swiss francs ($68 billion) left the bank in the first quarter, shedding light on the scale of the bank run that caused the 167-year-old institution to crumble and forced its state-engineered rescue.
said on Monday 61 billion Swiss francs left the bank in the first quarter, shedding light on the scale of the bank run that caused the 167-year-old institution to crumble and forced its state-engineered rescue.The bank reported results for what is likely to be the last time, as its shotgun marriage with rival Swiss bank UBSAssets managed by Credit Suisse's flagship wealth management division dropped to 502.
This led Swiss authorities to scramble together a rescue package that included over 200 billion francs in financial guarantees and saw UBS agree to take over Credit Suisse for 3 billion Swiss francs in stock and assume up to 5 billion francs in losses.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Credit Suisse saw record fund outflows during March turmoil, data shows By Reuters*CREDIT SUISSE SAW RECORD FUND OUTFLOWS DURING MARCH TURMOIL, DATA SHOWS $CS 🇨🇭🇨🇭
Consulte Mais informação »
Markets are calm but volatility may soar as credit tightens, UBS saysMarkets are eerily calm after the banking chaos - but tightening credit and tumbling earnings could reignite volatility, UBS says
Consulte Mais informação »
Germany's Verdi union sets strike at Berlin airport on MondayGermany's Verdi union called on Saturday for a one-day strike of air security staff at Berlin airport on Monday as part of an ongoing wage dispute.
Consulte Mais informação »
Berlin airport cancels all departures on Monday due to strikeGermany's Verdi union called for a one-day strike of air security staff at Berlin airport on Monday as part of an ongoing wage dispute, prompting the airport to cancel all passenger departures that day.
Consulte Mais informação »
Treasury lets automakers do the math on EV tax credit eligibility - AutoblogRules for the transition from ICE to EV are being hammered out by both businesses and U.S. regulators.
Consulte Mais informação »
Resurfacing project on Alabama Highway 51 in Barbour County begins MondayAccording to ALDOT, The project will consist of resurfacing and a new traffic stripe on Alabama Highway 51
Consulte Mais informação »