Credit Suisse
UBS preparing to cut over half of Credit Suisse workforce after takeover
Tens of thousands of jobs are at risk across the world, including in Australia, with the cuts set to start next month,
- by Marion Halftermeyer, Laura Benitez and Myriam Balezou
Latest
‘Dark and troubling past’: Credit Suisse accused of hampering probe of Nazi-linked accounts
The embattled Swiss bank has been accused of limiting the scope of an internal investigation into Nazi clients and Nazi-linked accounts, including some that were open until just a few years ago.
- by Jamey Keaten
Analysis
Executive shake-up
The banker Switzerland trusts to stop the bleeding
Sergio Ermotti fixed Switzerland’s biggest bank after it fell victim to the last financial crash. Now he is being asked to do it all over again.
- by John O'Donnell, John Revill and Stefania Spezzati
Opinion
Switzerland
The era of Swiss exceptionalism is dead
Finance and neutrality, linchpins of Switzerland for so many years, have left it exposed like never before. Everything is going wrong at once.
- by Ambrose Evans-Pritchard
Opinion
Big four
The butterfly effect: How the failure of a small US bank toppled a giant in Switzerland
The spate of bank collapses in the US and Credit Suisse’s near-death experience has shone a light on the risks of financial contagion. Australia’s bank regulation might be a useful starting point to tackle them.
- by Stephen Bartholomeusz
World Bank warns of ‘lost decade’ for the global economy
The pandemic and Russia’s war in Ukraine could lead to a “lost decade” that would mean more poverty and fewer resources to combat climate change, the World Bank says.
- by Alan Rappeport
Opinion
Global economy
Deutsche Bank was once ‘the riskiest bank in the world’. But there are bigger dangers to worry about
Fear and loathing is spreading through the global financial system, with Deutsche Bank the latest giant in the crosshairs. But there are greater points of vulnerability that cause concern.
- by Stephen Bartholomeusz
Analysis
Investment banking
Banking badly: What went wrong at Credit Suisse
The collapse of Credit Suisse and the problems with America’s smaller banks may seem part of a broader malaise. But they’re also the victims of their own poor decisions.
- by Sarah Danckert
UK central bank lifts interest rates to 4.25% despite banking turmoil
Policymakers said they were expecting the pace of price rises to slow “significantly” in the coming months despite February’s surprise increase in inflation.
- by Rob Harris
Local crypto boss says US banking turmoil means it’s bitcoin’s ‘time to shine’
The chief executive of one of Australia’s largest cryptocurrency exchanges has said the recent banking turmoil has provided an opportunity for digital assets.
- by Dominic Powell
Switzerland takes aim at Credit Suisse bonus payouts
Swiss authorities imposed curbs on bonus payments for Credit Suisse employees, a move that will penalise bankers after a multi-billion-franc state rescue of the bank.
- by Tom Sims, Noele Illien and Stefania Spezzati
Original URL: https://www.watoday.com.au/topic/credit-suisse-group-ag-1mv9