Credit Suisse violated the terms of a 2014 agreement in which it promised to stop helping Americans hide assets from the U.S. tax authorities, said a Senate report
The Swiss bank failed to disclose transfers linked to a continuing tax conspiracy, according to a Senate investigation
Swiss bank UBS agreed to take over its longtime rival Credit Suisse as authorities seek to halt a dangerous decline in confidence in the global banking system. WSJ’s Patricia Kowsmann explains how the deal unfolded and what might come next. Photo: Hannah McKay/ReutersWASHINGTON— Credit Suisse Group AG violated the terms of a 2014 criminal plea agreement in which it promised to stop helping Americans hide assets from the U.S.
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Breakingviews - Credit Suisse investor’s exit will zip some lipsThe fate of Saudi National Bank’s chairman may persuade other investors to maintain radio silence for a while. The lender on Monday said Ammar Al Khudairy resigned for personal reasons and will be replaced by current CEO Saeed Mohammed Al Ghamdi. The reshuffle comes less than two weeks after comments by Credit Suisse’s largest shareholder fuelled a panic by investors in the Swiss lender, prompting the government to orchestrate its cut-price rescue by rival UBS .
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UBS’s acquisition of Credit Suisse brings some good and bad for cryptoDespite negative macroeconomic developments, the crypto market performed well when news broke that UBS would take over Credit Suisse.
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Chairman of Saudi National Bank, who sparked turmoil for Credit Suisse, resignsAmmar Al Khudairy, the chairman of Saudi National Bank, has resigned and will be replaced by the bank’s chief executive officer, Saeed Mohammed Al Ghamdi, the lender said in a statement.
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Saudi National Bank chair resigns days after Credit Suisse comments sparked panicSaudi National Bank Chairman Ammar Al Khudairy is stepping down “due to personal reasons.”
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'We did not buy Credit Suisse only to close it' - UBS CEOUBS's CEO Ralph Hamers on Monday said the Swiss bank sees its government-orchestrated takeover of Credit Suisse as a growth opportunity, in an internal memo seen by Reuters.
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Zurich bank looks to capitalise on Credit Suisse's demiseThe largest of Switzerland's state-owned cantonal banks expects a boost in growth from the planned merger of UBS and Credit Suisse , its chief executive has told Reuters.
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