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Cryptocoins News / Blockchain  - 3 years ago

Swiss regulators consider UBS takeover of Credit Suisse to prevent collapse

Swiss regulators are reportedly considering emergency measures to accelerate the acquisition of Credit Suisse by UBS, Switzerland's largest bank. The Swiss National Bank and the Swiss Financial Market Supervisory Authority believe that the acquisitio...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

UBS Group doubles offer and acquires Credit Suisse for $2B

Swiss authorities agreed to change the country's regulations to bypass a shareholder vote and announce the deal over the weekend. UBS Group doubled its initial offer...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

UBS Group agrees to $3.25B ‘emergency rescue’ of Credit Suisse

Swiss authorities agreed to change the country's regulations to bypass a shareholder vote and announce the deal over the weekend. UBS Group has agreed to buy its aili...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Credit Suisse rescue plan may include nationalization, bondholder losses

A bank rescue plan for Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG. A rescue plan...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Switzerland preparing emergency measures for UBS' takeover of Credit Suisse: Report

The emergency preparation will allow the takeover to proceed without the usual “six-week consultation period” with shareholders, according to people familiar with the situation....

Bitcoin News / Bitcoin.com - 3 years ago

UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protec...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Let First Republic and Credit Suisse burn

Silicon Valley Bank and Signature Bank set off a cascade among banks that haven’t been handling their finances responsibly. Let them face the consequences. When crypt...