Credit Suisse tells staff to keep working and that salary and bonus will be paid 'as previously communicated' after UBS takeover deal: reports

Tech Insider
People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. After its largest shareholder said it could not provide further support, Credit Suisse shares fell by as much as 30% on Wednesday as global concerns over the stability of major banks continued to spread.
Credit Suisse tells employees to continue working.

Spencer Platt/Getty Images

UBS is officially buying Credit Suisse in a historic rescue deal. This is how we got here.

Tech Insider
Swiss Switzerland Fan Flag Soccer
Credit Suisse's stock is plunging as investors fear a banking crisis.

AP Photo/Schalk van Zuydam

It's official: UBS to acquire Credit Suisse in historic rescue deal

Tech Insider
UBS CEO Ralph Hamers of Swiss bank UBS addresses a news conference in Zurich, Switzerland February 20, 2020.
UBS CEO Ralph Hamers

REUTERS/Arnd Wiegmann

Meet UBS CEO Ralph Hamers, a leader behind Credit Suisse negotiations who opts for open-necked shirts and wants to build 'Netflix of wealth'

Tech Insider
CEO Ralph Hamers of Swiss bank UBS addresses the Annual Meeting of Swiss Financial Institute (SFI) in Zurich, Switzerland November 10, 2022.
CEO Ralph Hamers of Swiss bank UBS addresses the Annual Meeting of Swiss Financial Institute (SFI) in Zurich, Switzerland November 10, 2022.

Arnd Wiegmann/Reuters

Switzerland may use emergency measures to expedite a deal with UBS and Credit Suisse, reports say

Tech Insider
Credit Suisse logo
UBS is in talks about a merger with Credit Suisse.

Arnd Wiegmann/Getty Images

Investors are still worried about a run on deposits of some ailing banks while massive lifelines buy more time

Tech Insider
Credit Suisse
Credit Suisse stock plummeted on Wednesday during the bank's largest one-day selloff to date.

NurPhoto/Getty Images

Everything you need to know to catch up on Silicon Valley Bank, Credit Suisse, and the trouble rattling the financial world

Tech Insider

Happy Saturday readers. I'm Phil Rosen. "Happy" is used loosely here, as the past week has been defined by chaos and uncertainty across the banking system. 

Credit Suisse shares slide 10% as the shine of its rescue package wears off

Tech Insider
Credit Suisse logo
Credit Suisse in Geneva.

Fabrice Coffrini/AFP/Getty Images

Dow jumps 372 points as US stocks surge on rescue plans for struggling banks

Tech Insider
traders

(Photo by ANGELA WEISS/AFP via Getty Images)

The bank crisis has raised the odds of a recession in the next year to 35%, according to Goldman Sachs

Tech Insider
SVB
Silicon Valley Bank was shut down by regulators on Friday.

Getty Images

Subscribe to Credit Suisse