Credit Suisse had been preparing for years to set up a wholly owned local bank in China.
June 2, 2023Credit Suisse was ordered to pay billionaire Bidzina Ivanishvili $926mn in compensation for failing to safeguard his assets from misappropriation.
May 30, 2023The UBS acquisition of Credit Suisse has been approved in the EU, but is being complicated in China by regulatory requirements.
May 29, 2023The investigation's exact mandate and the membership of the commission will be decided in legislative sessions which begin on 30 May.
May 18, 2023The EMEA Credit Derivatives Determination Committee was asked to rule on whether the Credit Suisse takeover should trigger insurance payouts on bonds.
May 18, 2023The FDIC proposes to require lenders with more than $50bn in assets to cover 95% of the losses associated with the SVB and Signature Bank failures.
May 15, 2023Regulation Asia and Wolters Kluwer held a roundtable with Hong Kong bankers to discuss the evolving risk landscape in the city.
May 14, 2023The suit means that investors representing up to a third of the $17bn in AT1 bonds issued by Credit Suisse have now launched legal action.
May 4, 2023UBS is expected to record up to $57bn in profits in Q2 as a result of the deal, the largest ever banking profit recorded.
April 28, 2023Investors representing over $5bn of Credit Suisse AT1 bonds are seeking redress for the losses they suffered during the takeover by UBS.
April 23, 2023