Swiss bank Credit Suisse (ticker: CS ) U.S. depositary receipts fell more than 58% to around 83 cents after larger rival UBS ( UBS ) agreed to buy Credit Suisse in a deal worth about $3.2 billion. The merger of Switzerland’s two biggest banks – hammered out by Swiss authorities over the weekend – comes…
2 hours ago Hong Kong regulators say Credit Suisse branches will open for business as usual The Monetary Authority of Hong Kong and its Securities and Futures Commission declared Credit Suisse operations in the city will continue as normal after taking over UBS Bank over the weekend. Credit Suisse’s operations in Hong Kong include a…
London CNN — Switzerland’s biggest bank UBS agreed earlier this month to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming the financial market panic unleashed by the failure of two US banks. “UPS today announced the acquisition of Credit Suisse,” the Swiss National Bank said in a statement. It…
The sale to UBS, which could be signed this evening, values Credit Suisse $7 billion below its market value at Friday’s close. It comes after Credit Suisse shares posted their worst weekly decline since the start of the coronavirus pandemic. This is despite an announcement that it will borrow up to 50 billion Swiss francs…
Trey Turner delivered for Team USA with an eighth-inning grand slam on Saturday in Miami. (Photo by Gene Wang/Getty Images) Trey Turner blew up an arena on Saturday in Miami. Behind an eighth-inning grand slam from the Philadelphia Phillies shortstop, Team USA defeated Venezuela 9-7 to advance to the semifinals of the 2023 World Baseball…
President Joe Biden said Friday that the International Criminal Court’s verdict against Russian President Vladimir Putin was “fair.” The ICC on Friday issued arrest warrants for Putin and Russia’s presidential commissioner for children’s rights, accusing them of war crimes and the illegal deportation and transfer of Ukrainian children from occupied parts of Ukraine to Russia….
Washington CNN — Former President Donald Trump is expected to be arrested next week in connection with an investigation by the Manhattan district attorney, and has called for protests as a result. In a social media post on Saturday, Trump, referring to himself, said, “The leading Republican candidate and former President of the United States…
COLUMBUS, Ohio – Fairleigh Dickinson, the No. 16 seed in men’s college basketball, delivered a stunning NCAA Tournament upset over top-ranked Purdue and its 7-foot-4 big man Zach Eddy on Friday. March Madness is the underdog. The game brought excitement and frenzy to Nationwide Arena, the NHL home of the Blue Jackets, where thousands of…
Lance Reddick, who rose to fame playing the police chief in the Baltimore crime drama “The Wire” and later starred in the “John Wick” film franchise and the Amazon series “Bosch,” died Friday. He is 60 years old. His death was confirmed by his publicist Mia Hansen. No reason was given. Lt. Cedric Daniels, the…
The Mets have a legitimate shot at winning the World Series. Even after the devastating injury to their closer Edwin Diaz, that’s why they need to explore the trade market soon. Rather later. They were aggressive in the offseason and struck early to prevent Diaz from reaching free agency, signing him to a five-year, $102…
