Credit
Swiss to hold news conference amid Credit Suisse troubles
3 days ago | By Chron
Swiss leaders are holding a news conference Sunday night following several media reports that banking giant UBS is believed to be in talks to acquire its smaller rival Credit Suisse. The Federal Council, the seven-member governing body that includes Swiss President Alain Berset, is expected to announce that UBS is acquiring Credit Suisse, in a potential deal brokered by the Swiss government in an effort to avoid further market-shaking turmoil in global banking. Sunday's news conference follows the collapse of two large U.S. banks last week that spurred a frantic, broad response from the...
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Credit Suisse's riskiest bonds face possible wipe-out if Swiss authorities follow through with nationalization
3 days ago | By Fortune
Goldman Sachs and others have kept their bond sales and trading desks open this weekend for Credit Suisse bonds.
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