Rolling coverage of the latest economic and financial news, as troubled Credit Suisse gets central bank support to stem crisis rocking financial markets
Credit Suisse: what is happening at Swiss bank and should we be worried?
European bank shares are rallying, with an index of Europe’s bank stocks jumping 3.3% at the start of trading.
Credit Suisse’s decision to borrow up to 50bn Swiss francs from Switzerland’s central bank is “staunching worries about a bigger run on Credit Suisse”, and the impact on other banks around the world, says Susannah Streeter, head of money and markets at Hargreaves Lansdown.
For now, the move has restored a little stability to global markets, with the S&P 500 regaining ground, once it appeared the Swiss National Bank was standing by to help.
Nerves are still frayed though and that has been evident during trade in Asia.
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 20:16
Well, this was always coming. Pity it was regulator led, rather than co initiated but there you go. Part of the … https://t.co/RtOyRUdLmJ
Posted on: 2023-03-21 20:10
Let’s get down to brass tacks. This is the only question that really matters. Are the banks safe? https://t.co/Ay3FOQ3uk6
Posted on: 2023-03-21 19:01
Switzerland takes aim at Credit Suisse bonus payouts https://t.co/XkutQ81BtV #seo
Posted on: 2023-03-21 18:56
RT @CreditSuisse: Credit Suisse Group announces public tender offers for debt securities and takes decisive action to further strengthen li…
Posted on: 2023-03-21 18:38
RT @stespezzati: Reuters takes you inside the Switzerland's secretive Credit Suisse rescue that's rocking global finance. "When you are a…
Posted on: 2023-03-21 18:37
RT @JudeJack: “If this monster institute gets in trouble, it takes the whole country and its population hostage.” Credit Suisse and the po…
Posted on: 2023-03-21 18:32
RT @72powpow: World's central banks rally to prevent banking crisis spreading after UBS takes over embattled Credit Suisse https://t.co/cS…
Posted on: 2023-03-21 18:15
RT @JudeJack: “If this monster institute gets in trouble, it takes the whole country and its population hostage.” Credit Suisse and the po…
Posted on: 2023-03-21 18:03
RT @stespezzati: Reuters takes you inside the Switzerland's secretive Credit Suisse rescue that's rocking global finance. "When you are a…
Posted on: 2023-03-21 17:56
RT @CreditSuisse: Credit Suisse Group announces public tender offers for debt securities and takes decisive action to further strengthen li…
Posted on: 2023-03-21 17:35
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 17:22
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 17:22
RT @72powpow: World's central banks rally to prevent banking crisis spreading after UBS takes over embattled Credit Suisse https://t.co/cS…
Posted on: 2023-03-21 17:11
World's central banks rally to prevent banking crisis spreading after UBS takes over embattled Credit Suisse https://t.co/cSKgnWdXLT
Posted on: 2023-03-21 17:11
RT @stespezzati: Reuters takes you inside the Switzerland's secretive Credit Suisse rescue that's rocking global finance. "When you are a…
Posted on: 2023-03-21 16:48
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 16:41
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 16:14
RT @financialjuice: S&P: THE BASE CASE CONTINUES TO BE THAT EUROPEAN BANKS' PERFORMANCE WILL BE RESILIENT, ALBEIT DIVERGENT, AS THE ECONOMI…
Posted on: 2023-03-21 16:08
RT @stespezzati: Reuters takes you inside the Switzerland's secretive Credit Suisse rescue that's rocking global finance. "When you are a…
Posted on: 2023-03-21 16:07
Takes 200 years to build its reputation. Lost it over the weekend. https://t.co/ZSDtZLmyj6
Posted on: 2023-03-21 15:37
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 15:35
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 15:34
RT @MythofMoney: In this week's edition of the #MythOfMoney, we discuss: - UBS buys Credit Suisse - First Republic takes $30B in emergency…
Posted on: 2023-03-21 15:16
S&P: THE BASE CASE CONTINUES TO BE THAT EUROPEAN BANKS' PERFORMANCE WILL BE RESILIENT, ALBEIT DIVERGENT, AS THE ECO… https://t.co/7Sgtaab3ef
Posted on: 2023-03-21 14:46
S&P: THE BASE CASE CONTINUES TO BE THAT EUROPEAN BANKS' PERFORMANCE WILL BE RESILIENT, ALBEIT DIVERGENT, AS THE ECO… https://t.co/7Ex3bdDKkZ
Posted on: 2023-03-21 14:46
RT @financialjuice: S&P: THE BASE CASE CONTINUES TO BE THAT EUROPEAN BANKS' PERFORMANCE WILL BE RESILIENT, ALBEIT DIVERGENT, AS THE ECONOMI…
Posted on: 2023-03-21 14:45
RT @financialjuice: S&P: THE BASE CASE CONTINUES TO BE THAT EUROPEAN BANKS' PERFORMANCE WILL BE RESILIENT, ALBEIT DIVERGENT, AS THE ECONOMI…
Posted on: 2023-03-21 14:44
S&p: the base case continues to be that european banks' performance will be resilient, albeit divergent, as the eco… https://t.co/ATPdIS7Uim
Posted on: 2023-03-21 14:44
S&P: THE BASE CASE CONTINUES TO BE THAT EUROPEAN BANKS' PERFORMANCE WILL BE RESILIENT, ALBEIT DIVERGENT, AS THE ECO… https://t.co/p7frHYCCAE
Posted on: 2023-03-21 14:44
S&P: THE BASE CASE CONTINUES TO BE THAT EUROPEAN BANKS' PERFORMANCE WILL BE RESILIENT, ALBEIT DIVERGENT, AS THE ECO… https://t.co/PdCYolw40D
Posted on: 2023-03-21 14:43
RT @JudeJack: “If this monster institute gets in trouble, it takes the whole country and its population hostage.” Credit Suisse and the po…
Posted on: 2023-03-21 14:32
RT @stespezzati: Reuters takes you inside the Switzerland's secretive Credit Suisse rescue that's rocking global finance. "When you are a…
Posted on: 2023-03-21 14:26
Reuters takes you inside the Switzerland's secretive Credit Suisse rescue that's rocking global finance. "When yo… https://t.co/BJq42Mgc0T
Posted on: 2023-03-21 14:07
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 13:53
Credit Suisse Australian investment bank faces job losses as UBS takes over in an overbanked market https://t.co/buq1DREKjn
Posted on: 2023-03-21 13:41
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 12:31
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 12:30
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 12:14
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 12:06
Spooking investors and depositors who were already spooked by the banks long standing issues. It was highly importa… https://t.co/ADjiWlAuot
Posted on: 2023-03-21 11:55
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 11:53
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 11:49
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 11:48
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 11:48
RT @JamesEagle17: It’s not over yet! The cost of default protection for UBS has soared. We’re talking about UBS – not Credit Suisse. This…
Posted on: 2023-03-21 11:47
RT @sonalibasak: UBS to suspend share buybacks as it takes over Credit Suisse
Posted on: 2023-03-21 11:46
Largest #SwissBank #UBS Takes Over Credit Suisse " Topics Covered in this News" >What is #CreditSuisse ? >What's… https://t.co/34jbSumxH8
Posted on: 2023-03-21 11:34
My art-UBS takes over Credit Suisse. Know about origin of Protestant work ethic. Why must Indians design an Indic w… https://t.co/shbZktRuF9
Posted on: 2023-03-21 11:31