Quick Take European stocks and banks continue to head lower as news on Credit Suisse. Swiss National Bank says no comment on Credit Suisse after bank stock drops 20%. The list below shows all the top ...
Tag: Suisse
Credit Suisse may be ‘too big to be saved’
After its largest shareholder’s announcement that it could not offer any more assistance, Credit Suisse’s share price initially fell by as much as 30% on Wednesday, March 15, requiring the CEO of the ...
Nouriel Roubini says Credit Suisse collapse would be like a Lehman moment
Nouriel Roubini, the high-profile economist and chief economist of Roubini Macro Associated, said on Wednesday that a Credit Suisse failure would be like a “Lehman Brothers moment.” Roubini in an inte...
Investors Brace for Fallout as Credit Suisse Shares Plunge, Bitcoin Price on the Line
Credit Suisse Group’s largest shareholder, Saudi National Bank (SNB), has announced that it will not purchase additional shares in the Swiss bank on regulatory grounds. SNB Chairman Ammar Al Khudairy ...
Stocks plummet, yields fall amid Credit Suisse turmoil
U.S. stock were sharply lower Wednesday morning as two economic prints showed a slowdown in February, coupled with fresh turmoil at Credit Suisse (CS) that weighed on sentiment. The S&P 500 (^GSPC...
Dow opens down 500 points as Credit Suisse reignites bank woes
U.S. stocks opened sharply lower on Wednesday, wiping out all of the prior session’s gains and then some as a punishing selloff in shares of Credit Suisse CS reignited anxieties about the banking sect...
Credit Suisse Stock Hits New Low. Troubles at the Bank Spark New Fears.
Problems at Switzerland’s second-biggest lender are causing bank stocks around the world to falter. On Wednesday, Credit Suisse ‘s top shareholder said in a Bloomberg interview that it wouldn’t invest...
Credit Suisse Stock Craters To All-Time Low, Europe Banks Retreat, Weakness Spills To U.S.
Credit Suisse (CS) unraveled early Wednesday, with CS stock falling nearly 28% premarket after its largest backer said it would not provide the Swiss bank with more financial assistance. European stoc...
Dow Jones Dives 500 Points On Renewed Banking Fears As Credit Suisse Crashes 28%
The Dow Jones Industrial Average dived more than 500 points Wednesday, as Credit Suisse (CS) crashed 28% on reports the company’s largest investor, Saudi National Bank, withdrew funding. Meanwhi...
Bank Stocks Fall as Credit Suisse Raises Fresh Concerns About Europe
Bank shares were falling on Wednesday after starting to recover on Tuesday from the turmoil surrounding the collapse of Silicon Valley Bank, spurred by issues at Switzerland’s second-largest lender. C...
Credit Suisse stock falls 28% as European banks slammed
Credit Suisse (SWX:CSGN) is freefalling. PTSD for Europeans is flaring up, as a phrase they thought had been condemned to the annals fo history – “banking failure” – is suddenly again receiving airtim...
Credit Suisse Sinks, Fueling $60 Billion Rout in European Banks
(Bloomberg) — Credit Suisse Group AG shares plunged and credit default swaps were near a distressed level after its biggest shareholder ruled out any additional support. Most Read from Bloomberg...
Credit Suisse Stock Plunges To Record Low As Bank Concerns Grow
Topline Trading in Credit Suisse shares was halted as they fell as much as 21% on Wednesday, compounding nearly a week of consecutive losses and hitting a new all-time low as the Swiss bank struggles ...
Dow Jones Futures Fall 500 Points As Credit Suisse Triggers European Bank Sell-Off
Dow Jones futures sold off early Wednesday, along with S&P 500 futures and Nasdaq futures, with Credit Suisse (CS) tumbling as its top shareholder ruled out investing more in the ailing Swiss bank...
Breaking: Credit Suisse Shares Drop 24%; Bitcoin Price To Take A Hit?
Bitcoin Price News: Credit Suisse Group AG shares price registered a drop of 24% on Wednesday as the global bank crisis stretches. This comes after Saudi National Bank, Credit Suisse’s biggest investo...
Credit Suisse Default Swaps Are 18 Times UBS, 9 Times Deutsche Bank
(Bloomberg) — The cost of insuring the bonds of Credit Suisse Group AG against default in the near-term is approaching a rarely-seen level that typically signals serious investor concerns. Most ...
Credit Suisse shares tumble to new record low as European banking sector reels
Swiss banking giant Credit Suisse on Wednesday saw its shares fall to a new record low, pressuring the broader market and the rest of the European banking sector days after two lenders collapsed in th...
Dow futures dive over 400 points as Credit Suisse woes reignite bank sector angst, with retail sales data ahead
U.S. stock futures were sliding on Wednesday as fresh concerns over the health of Credit Suisse sparked renewed banking sector anxiety. That’s as investors awaited fresh retail sales data. How are sto...
Credit Suisse becomes toxic wasteland as contagion risks mount
Credit Suisse (SWX: CSGN) came under renewed strains on Wednesday as the company lost confidence of a key investor. In an interview, the head of Saudi National Bank warned that he will not provide mor...
Credit Suisse chairman says Silicon Valley Bank crisis looks contained
The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, November 3, 2021. Arnd Wlegmann | Reuters The contagion effect from the recent collapse of Silicon Valley Bank i...
Credit Suisse Chairman Says State Assistance ‘Not a Topic’
(Bloomberg) — Credit Suisse Group AG Chairman Axel Lehmann said government assistance “isn’t a topic” for the lender as the Swiss bank seeks to shore up confidence among clients, investors and r...
Credit Suisse Finds ‘Material Weaknesses’ In Its Financial Reporting Process
Topline Credit Suisse on Tuesday disclosed it found “material weaknesses” in its financial reporting processes for 2021 and 2022 that could have resulted in “misstatements” of financial results, marki...
Credit Suisse finds ‘material weaknesses’ in financial reporting, says outflows ‘not yet reversed’
The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Credit Suisse on Tuesday said its net asset outflows had declined but “not y...
Credit Suisse Finds ‘Material Weakness’ in Reporting Since 2021
(Bloomberg) — Credit Suisse Group AG said it is adopting a new plan to fix “material weaknesses” in its reporting and control procedures for the past two years, following a fresh review of its f...
Credit Suisse publishes delayed 2022 report after SEC talks end
Credit Suisse Group AG on Tuesday published its annual report for last year, and confirmed previous years’ financial results, after a delay amid discussions requested by the U.S. Securities and Exchan...
Credit Suisse default insurance cost hits all-time high as contagion fears spread
After three banking giants, Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank, all crashed within days of each other, the cost of insuring the bonds of Credit Suisse against the lender de...
Credit Suisse Default Swaps Hit Record as SVB Failure Hits Banks
(Bloomberg) — The cost of insuring the bonds of Credit Suisse Group AG against default climbed to the highest on record as the collapse of Silicon Valley Bank sparked concern about broader conta...
Credit Suisse Postpones Its Annual Report
The management of the company, in a statement, said that it will be wise to postpone the publication for a short period of time to examine and understand more completely the comments received. Credit ...
Credit Suisse Shares Drop After SEC Query Delays Annual Report
(Bloomberg) — Credit Suisse Group AG shares dropped close to a record low after the Swiss bank said it was delaying publication of its annual report following a last-minute query by US regulator...
Credit Suisse Stock Is Falling. Annual Report Is Delayed After Call From SEC.
Credit Suisse shares were falling on Thursday after the Swiss lender said it is delaying the publication of its annual report. The stock was down 5.3% in Zurich trading. Credit Suisse (ticker: CS) Ame...