Credit Suisse Says $17 Billion Of Its Debt Now Worthless, Angering Bondholders
By Pablo Mayo Cerqueiro, Chiara Elisei and Davide Barbuscia LONDON/NEW YORK (Reuters) – Credit Suisse said 16 billion Swiss francs…
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World Markets Set For Relief After UBS Rescues Credit Suisse
By Dhara Ranasinghe and Amanda Cooper LONDON (Reuters) – Financial markets are poised for relief on Monday after UBS Group…
Credit Suisse Writes Down $17 Billion Of Bonds To Zero, Angering Holders
By Pablo Mayo Cerqueiro and Chiara Elisei LONDON (Reuters) – Credit Suisse has written down its Additional Tier 1 bonds…
UBS To Take Over Credit Suisse To Stem Global Crisis Of Confidence
BERN (Reuters) -UBS will take over Credit Suisse, Swiss authorities said on Sunday, in a deal to combine Switzerland’s top…
UBS Close To Finalizing Deal For Credit Suisse -source
By Stefania Spezzati, Oliver Hirt and John O’Donnell (Reuters) – UBS is close to finalizing a deal to buy rival…
Former Goldman Sachs CEO Blankfein Says US Banking Crisis Will Slow Growth
By Kanishka Singh WASHINGTON (Reuters) – Former Goldman Sachs CEO Lloyd Blankfein said on Sunday the banking crisis in the…
UBS Makes Offer For Credit Suisse As Contagion Fears Grow
By Stefania Spezzati, Oliver Hirt and John O’Donnell (Reuters) – UBS Group AG is in emergency talks to buy fellow…
VW’s Skoda Would Cut 3,000 Jobs If ‘Euro 7’ Implemented In Current Form
PRAGUE (Reuters) – Czech carmaker Skoda would have to cut 3,000 jobs and axe some models if the European Union’s…
UBS Offers Up To $1 Billion For Credit Suisse In Race To Save Bank: FT
By Stefania Spezzati, Oliver Hirt and John O’Donnell (Reuters) – UBS Group AG has offered to buy Credit Suisse for…
As Economy Worsens, Lebanese Juggle Dizzying Rates For Devalued Pound
By Emilie Madi and Mohamed Azakir BEIRUT (Reuters) – When Caroline Sadaka buys groceries in the Lebanese capital Beirut, she…