Credit Suisse Group AG ADR (CS) News
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CS News Highlights
- For CS, its 30 day story count is now at 45.
- Over the past 12 days, the trend for CS's stories per day has been choppy and unclear. It has oscillated between 1 and 22.
- The most mentioned tickers in articles about CS are UBS, AG and LI.
Latest CS News From Around the Web
Below are the latest news stories about CREDIT SUISSE GROUP AG that investors may wish to consider to help them evaluate CS as an investment opportunity.
Banking Crisis Looms Large
The list of "problem" banks is growing larger and will continue to grow. Any bank at any time is a potential candidate for negative publicity and bankruptcy. Things will get worse (a lot worse) before they get better.
Weekly Market Pulse: Perspective
There has been a lot of angst over the last couple of weeks about a potential banking crisis.
Charts: Three key readings to track financial market stress
A bank crisis has pressured financial markets and made it hard for investors to know where to turn for signs of stability or worry. A few key readings on volatility, the bond market, and the currency market offer some guidance.
The Banking Crisis: A Timeline of Silicon Valley Bank’s Collapse and Other Key Events
Silicon Valley Bank served the world of startups and their investors. As the Federal Reserve began raising rates last year, venture capital dried up, leading startups to burn cash. To meet accelerating withdrawals, SVB was forced to sell off some of its government bonds at steep losses as yields on new bonds were much higher.
'Deutsche Bank has been a problem child,': Author
The most recent leg of the ongoing bank crisis saw First Citizens BancShares (FCNCA) move to acquire the collapsed Silicon Valley Bank. First Citizens will pay $16.5B for SVB's $72B in loans and the transfer of all the bank’s deposits, worth $56B. Roughly $90B in Silicon Valley Bank’s securities and other assets were not included in that sale, and remain in the custody of the Federal Deposit Insurance Corporation. It was speculated that U.S. taxpayers could be on the hook for the $90B in unsold assets -- when asked if that scenario was likely in an interview with Yahoo Finance's Rachelle Akuffo, New York Times Business Investigations Editor David Enrich said, "I don't think this is likely to be a huge taxpayer bailout... at least not compared to the bailouts we have seen in 2008, and ev...
Credit Suisse’s Catastrophe Bonds Could Outlive the Bank
(Bloomberg) -- Bonds designed to insure Credit Suisse Group AG against disaster could outlive the bank.Most Read from BloombergSaudi National Bank Chair Resigns After Credit Suisse RemarkBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsFirst Citizens to Buy SVB After Biggest Failure Since 2008Schwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksCredit Suisse’s Operational Re bonds, insurance-linked securities that cover the bank against perils such as falling victim to fr
Hedge Fund Marathon Asset Management Earns $30M Due To Timely Bet On Credit Suisse's Senior Bonds
Marathon Asset Management LP's gained around $30 million due to its opportune bet on Credit Suisse Group AG (NYSE: CS) bonds. The hedge fund amassed around $150 million in bonds in Credit Suisse's senior operating company at rock bottom prices just days before the Swiss bank offered to repurchase them at a high premium in a March 16 statement, Bloomberg reported citing a person with knowledge of the matter. The trade was an opportunistic move to capitalize on current bank disruption, the report
The latest bank failures show the dangers of aiming too high
To have one banking crisis might be regarded as misfortune, to have a second within 15 years looks distinctly careless. Credit Suisse, Silicon Valley Bank and others were brought down by rapid, technology-enabled withdrawals of deposits, set off by falling share prices. News spread through social media, triggering a further fall in share prices and yet more withdrawals.
Eurozone Banks Cut Lending Even Before Latest Financial Turmoil
The decline in bank lending could deepen as financial institutions move to retain deposits, strengthening the effect of rate moves by the ECB.
Swiss Regulator Mulls Disciplinary Action Against Credit Suisse, Says Bank Made Numerous Mistakes
Swiss Financial Market, Supervisory Authority FINMA, is reportedly considering disciplinary action against Credit Suisse Group AG's (NYSE: CS) managers. FINMA President Marlene Amstad told Swiss newspaper NZZ am Sonntag it was "still open" whether new proceedings would be started, but the regulator's main focus was on "the transitional phase of integration" and "preserving financial stability." Also Read: European Bank Trouble: Deutsche Bank Stock Under Pressure Due To Higher Costs Of Default In