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CS / U.S. stock-market futures edge higher after historic deal to rescue Credit Suisse

U.S. stock-market futures edge higher after historic deal to rescue Credit Suisse
U.S. stock-index futures opened with modest gains Sunday evening as investors assessed a historic deal to rescue troubled Swiss lender Credit Suisse as authorities scrambled to head off a deeper loss of confidence in the global banking system. Rival bank UBS Group UBS, -5.50% agreed to buy Credit Suisse CS, -6.94% CSGN, -8.01% for more than $3 billion in a deal shepherded by Swiss regulators. Read More
Posted: Mar 19 2023, 18:24
Author Name: Market Watch
Views: 111896

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UBS hit with $387 million in fines for 'misconduct' by Credit Suisse in Archegos dealings

By CNN Business
July 24, 2023

UBS hit with $387 million in fines for 'misconduct' by Credit Suisse in Archegos dealings

UBS is being fined for missteps by Credit Suisse less than two months after UBS completed an emergency takeover of its former rival. more_horizontal

UBS Takes a $268 Million Hit for 'Credit Suisse Misconduct'

By Investopedia
July 24, 2023

UBS Takes a $268 Million Hit for 'Credit Suisse Misconduct'

The U.S. Federal Reserve has hit Swiss bank UBS with a $268.5 million fine over "misconduct" by its rival, Credit Suisse, before the two merged in Mar more_horizontal

UBS to pay nearly $400M to settle Credit Suisse's Archegos dealings

By New York Post
July 24, 2023

UBS to pay nearly $400M to settle Credit Suisse's Archegos dealings

The settlement is the first of several thatĀ UBSĀ could have to pay after it last month closed its takeover of Credit Suisse, which was involved in a more_horizontal

UBS agrees to pay $388 million over Credit Suisse's Archegos failings

By Reuters
July 24, 2023

UBS agrees to pay $388 million over Credit Suisse's Archegos failings

UBS has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse's dealings with private investment firm Archegos Capital Ma more_horizontal

Fed fines UBS for alleged misconduct by Credit Suisse in the Archegos blow-up

By Market Watch
July 24, 2023

Fed fines UBS for alleged misconduct by Credit Suisse in the Archegos blow-up

The U.S. Federal Reserve said Monday that UBS Group AG UBS, +1.13% must pay a total of $387 million for alleged misconduct related to $5.5 billion in more_horizontal

Fed fines UBS $268.5 mln for Credit Suisse missteps with Archegos

By Reuters
July 24, 2023

Fed fines UBS $268.5 mln for Credit Suisse missteps with Archegos

The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse's misconduct around its dealings with the defunct more_horizontal

Credit Suisse to axe investment bankers in London

By Proactive Investors
July 19, 2023

Credit Suisse to axe investment bankers in London

Credit Suisse will reportedly let go of a third of its investment bankers in London by the end of this month, according to reports. The bank, which is more_horizontal

Exclusive: Credit Suisse to lay off more than 40 employees in China securities unit - sources

By Reuters
July 19, 2023

Exclusive: Credit Suisse to lay off more than 40 employees in China securities unit - sources

Credit Suisse is set to launch a new round of layoffs which may impact more than 40 employees in one of its China units, two people with direct knowle more_horizontal


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