Switzerland’s national pride dealt heavy blow by the merger of its banking titans ‘A monster is born’, say local press, as Credit Suisse takeover by UBS creates bank twice the size of the Swiss economy
Until bankers have more to lose themselves, collapses like SVB and Credit Suisse will keep happening Those at the top need to have skin in the game – and know that risky decisions they make will affect them too, says economist Natacha Postel-Vinay
UK and US shares climb as banks and ministers aim to calm Credit Suisse fears FTSE 100 rises and European banking shares are up after early jitters over what UBS takeover deal means for bondholders
UBS agrees to takeover of stricken Credit Suisse for $3.25bn Swiss government forces through takeover at well below market value amid fears of global banking crisis
If it’s growth the chancellor wants, here’s one suggestion: rejoin the EU Jeremy Hunt says the economy is his priority; but it and he are still really in thrall to the ideological blight of Brexit
Bank runs, bailouts, rescues: are the ghosts of 2008 rising again? The travails of Credit Suisse and others have stirred up bad memories for a public still scarred by the financial crisis
Credit Suisse shares continue to fall despite efforts to calm nerves Lifelines handed to Swiss bank and US regional bank First Republic fail to ease investor concerns
SVB parent files for bankruptcy; Credit Suisse shares slide again amid banking crisis – as it happened European and US banking shares fall, with Credit Suisse down 12% as sentiment remains fragile
What is happening in financial markets and could there be a global crisis? Banking system is reeling from a series of shocks but is in better shape than at time of 2008 crash
Central banks must keep interest rates high to combat inflation, says OECD Organisation also says UK will be only G20 economy apart from Russia to shrink this year
Credit Suisse hit by legal action from US investors amid banking turmoil Complaint claims bank made ‘materially false and misleading statements’ in 2021 annual report
Swiss authorities only buy Credit Suisse time with £44bn loan Leisurely turnaround timetable from a crisis 10 years in the making can’t take many more setbacks
ECB raises eurozone interest rate despite banking sector fears Concerns half-point could set off domino effect across financial industry knocked by Credit Suisse crisis
ECB faces dilemma over interest rate rise amid Credit Suisse crisis European Central Bank could opt for a smaller increase as concerns spread over health of banking system
Credit Suisse takes $54bn loan from Swiss central bank after share price plunge After largest shareholder was unable to provide backing, Europe’s 17th largest lender says it will use government help to become ‘simpler and more focused’