The Latest Breaking News on UBS reports $785m loss due to costs of Credit Suisse integration

Local fund managers and economists insist the Swiss government and central bank will not let Credit Suisse collapse, but warn the situation remains fragile and investors should add gold to their portfolios amid the ongoing market volatility.

The Swiss giant went cap-in-hand to the country’s central bank to shore up its finances. Experts called it a vital intervention to stem fears about banking system

So goes Silicon Valley, so goes the world.

ZURICH: Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future.

Swiss bank Credit Suisse said it would borrow up to 50 billion francs from the Swiss central bank to shore up liquidity and boost investor confidence, as the collapse of two banks in the United States last week raises concerns about the health of global banks in the face of…

European markets have calmed down after Credit Suisse secured a lifeline of up to 50 billion Swiss francs from the country's central bank. The crisis is just the latest to hit the embattled lender, which has suffered a string of scandals and management issues. Jitters over the banking sector remain…

Shares in Credit Suisse lost more than a quarter of their value at one stage yesterday after the Swiss bank said it had identified “material weakness” in its financial reporting. The institution revealed that it would borrow up to 50 billion Swiss francs (£35 billion) from Switzerland’s central bank to fortify its…

LONDON: European stock markets rebounded slightly on Thursday after troubled banking giant Credit Suisse secured a big financial lifeline and before a crucial interest-rate decision by the European Central Bank.

Credit Suisse intends to borrow up to $54 billion from the Swiss National Bank to shore up liquidity.