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Credit Suisse Rescue Package Retrospectively Rejected By Lower House Of Swiss Parliament — But There's A Catch
Tuesday, April 11, 2023 - 8:58pm | 285Read More...The lower house of Switzerland’s parliament has retrospectively rejected the 109 billion Swiss francs ($120.7 billion) of financial guarantees the government provided to Credit Suisse Group AG (NYSE:CS) as part of a hastily assembled rescue package, according to a report. What Happened: At an...
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UBS CEO Reportedly Sees Credit Suisse Takeover As Growth Opportunity: 'Did Not Buy…Only To Close It'
Tuesday, March 28, 2023 - 12:57am | 388Read More...UBS Group AG (NYSE:UBS) CEO Ralph Hamers reportedly said on Monday the Swiss lender views its government-orchestrated takeover of Credit Suisse Group AG (NYSE:CS) as a growth opportunity. What Happened: “While we did not seek this transaction, we were prepared, and we see it as an opportunity...
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Former Credit Suisse CEO John Mack Praises UBS Chair — Says Swiss Banks Should 'Open Up The Vault' More
Wednesday, March 22, 2023 - 7:46am | 408Read More...John Mack, the former CEO of Credit Suisse Group AG (NYSE:CS), reportedly heaped praises on UBS Group AG (NYSE:UBS) Chairman Colm Kelleher, saying the banker is smart and is a natural leader. "I think as a first-class leader clearly he’s very smart and I think working together through the...
