Credit Suisse Secures $54 Bln Lifeline As Authorities Rush to Prevent Global Bank Crisis
Credit Suisse (CSGN.S) on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up its liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis.
Strategist Warns Credit Suisse Next to Collapse — Says ‘There’s a Run on the Bank’
Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble and a run on the bank. The Swiss banking giant has also identified “material weaknesses” in its financial reporting controls. Its shares plunged on Wednesday after the bank failed to raise capital from its largest investor.
Credit Suisse Shares Drop 24%
Credit Suisse Group AG shares price registered a drop of 24% on Wednesday as the global bank crisis stretches. This comes after Saudi National Bank, Credit Suisse’s biggest investor reportedly said that it is unable to provide any further financial assistance to the struggling bank.
Credit Suisse Sparks De-Risking As EU, US Equities Markets Sink – Bitcoin Steady Above $24,500
European stocks and banks continue to head lower as news on Credit Suisse.
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Credit Suisse Group AG of Class Action Lawsuit and Upcoming Deadline – CS
Pomerantz LLP announces that a class action lawsuit has been filed against Credit Suisse Group AG ("Credit Suisse" or the "Company") (NYSE: CS), and certain officers. The class action, filed in the United States District Court for the District of New Jersey, and docketed under 23-cv-01297, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Credit Suisse securities between December 1, 2022 and February 17, 2023, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
Credit Suisse Stock Price Hits Record Low After SVB Collapse
Credit Suisse shares sank to a new low Monday on fears about the ability of banks to hang onto deposits following the collapse of Silicon Valley Bank.
Digital Asset Provider Raises $65M in Series B Led by Credit Suisse
Taurus, a digital asset infrastructure provider for financial institutions in Europe, has raised $65 million in a Series B capital raise led by Credit Suisse. The funding round also saw participation from several other institutional investors, including Deutsche Bank, Pictet Group, Cedar Mundi Ventures, Arab Bank Switzerland, and Investis.
Credit Suisse Leads $65 Million Series B in Digital Asset Firm Taurus
Taurus SA, a Switzerland-based digital asset infrastructure company focused on servicing financial institutions in Europe, raised $65 million in a Series B funding round.
