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UBS Acquisition of Credit Suisse: Bye Bye AT1 Investors, Anxiety Builds Among Banks' Subordinated Bondholders

Benzinga

UBS Group AG 's (NYSE: UBS ) takeover of Credit Suisse Group AG (NYSE: CBS ) has done nothing to alleviate market concerns about the banking sector, and it continues to throw a shadow over the rights of credit institution shareholders and bondholders. shares they own, or CHF 0.76

Banking 98
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It's Official: UBS Confirms Deal To Buy Troubled Peer Credit Suisse For $3.2B In Swiss Central Bank-Brokered Deal

Benzinga

Swiss investment bank UBS Group AG (NYSE: UBS ) and its beleaguered peer Credit Suisse AG (NYSE: CS ) have reached an agreement for the former to acquire the latter in a deal brokered by the Swiss government. billion) in stock to acquire Credit Suisse, the companies confirmed following widespread speculation.

Banking 98
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Top Financial Media Stories Friday, September 23: Apple Resolves iPhone 14 Pro Camera Glitch, Credit Suisse Shares Tumble As It Looks For Capital Infusion, Boeing Penalized $200M For Misleading About 737 MAX Safety And More.

Benzinga

Troubled Credit Suisse Slides To 52-Week After Report On Raising Fresh Capital. Credit Suisse Group AG (NYSE: CS ) shares fell after reports that the company is looking to raise fresh capital. Hedge fund Third Point LLC , which owns 6.4%

Banking 98
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Crash and Bailouts

Valutico

UBS Group AG Weekly Valuation – Valutico | 28 March 2023 Link to the valuation Context In recent days, the financial markets have experienced increased turmoil, causing growing concerns about financial stability. However, this has put pressure on banks, including Credit Suisse, a globally systemically important bank.

Banking 52
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UBS Reports $29 Billion Profit, a Record

NYT M&A

The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.

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Final Days at Credit Suisse Were Marked by a $69 Billion Race for the Exits

NYT M&A

Clients hurried to withdraw money as the Swiss bank faced collapse last month. It was eventually forced to sell itself to a rival, UBS.

Banking 62
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Tesla Manufactured 4,000 Model Ys In One Week, UBS Prepping For Massive Layoffs, McDonald's Temporary Shuttering Of US Offices: Today's Top Stories

Benzinga

Bloomberg UBS Prepping For Massive Layoffs Amid Credit Suisse Takeover UBS Group AG (NYSE: UBS ), which agreed to buy peer Credit Suisse AG (NYSE: CS ) in a central-bank-brokered deal, is preparing to eliminate about 20 to 30% of jobs worldwide. as the burger chain prepares for corporate layoffs.