The banking crisis which has rocked markets for the past two weeks began in the US but the biggest risk was in Switzerland with one of the world’s oldest and most important banks, Credit Suisse.
The banking crisis which has rocked markets for the past two weeks began in the US but the biggest risk was in Switzerland with one of the world’s oldest and most important banks, Credit Suisse.
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Who’s stuck with Credit Suisse’s worthless AT1 bonds?Wealthy individuals and small to mid-sized family offices in Hong Kong and Singapore are among the hardest hit by the bank’s failure.
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Credit Suisse, UBS bankers probed over Russian oligarchsThe US Justice Department has issued subpoenas to bankers over whether they helped Russia’s business people evade Western sanctions over the Ukraine war.
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QBE says Credit Suisse reinsurance exposure ‘very limited’The pressure Australian insurers are facing on reinsurance is mounting following a second bout of wild weather in New Zealand.
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Credit Suisse wipeout shows why blind diversification is dangerousAussie bank hybrids are showing resilience in the face of recent events, but investors are learning that the search for yield is a reach for risk, writes cjoye.
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Credit Suisse’s ‘bloody proud history’, from influence to ignominyCredit Suisse Australia has worked to rebuild its investment bank after overseas scandals hurt the firm’s standings, but they are surplus to requirements at UBS.
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Swiss authorities nuked Credit Suisse hybrids - are yours safe?Hybrids are marketed as unique securities combining elements of stocks and bonds. But they are under fresh scrutiny amid a series of global banking crises.
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