Credit Suisse: How scandal and mistrust ended bank's 166-year run
UBS's purchase of Credit Suisse marks the final fall from grace, as a crisis of confidence threatened to spread to global markets. Read on.
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UBS's purchase of Credit Suisse marks the final fall from grace, as a crisis of confidence threatened to spread to global markets. Read on.
UBS Group AG is emerging as a rare winner in Credit Suisse Group AG's crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.
For 166 years, Credit Suisse helped position Switzerland as a linchpin of international finance and went toe-to-toe with Wall Street titans.
With the fallout in the financial system being more extreme than could have been predicted, the eventual reckoning in the real economy is likely to be much worse.
Middle East-based banks own a fifth of Credit Suisse