The $17 billion wipeout of Credit Suisse bondholders has not gone down well in Europe
Credit Suisse’s additional tier one bonds are set to be wiped out following the struggling bank’s takeover by UBS.
French government narrowly survives no-confidence vote amid backlash over pension changes
The government of French President Emmanuel Macron narrowly survived a no-confidence vote Monday evening.
Oil rebounds after Brent prices slipped under $72 per barrel amid banking turmoil
Oil prices rebounded and rose over 1% on Monday after diving to their lowest levels in 15 months amid turmoil in the banking sector.
‘Shotgun wedding’: What the UBS rescue of Credit Suisse means for global markets
Despite bold proclamations about a return to stability, the sale of Credit Suisse to UBS does not appear to have laid to rest contagion concerns.
Bitcoin briefly tops $28,000 for the first time in 9 months after bank crisis sparks weekend rally
Bitcoin climbed over the weekend as some investors turned to digital currencies amid a crisis in the traditional banking sector.
Saudi National Bank loses over $1 billion on Credit Suisse investment
Credit Suisse’s largest shareholder confirmed to CNBC that it had suffered a loss of around 80% on its investment.
Thailand dissolves parliament for election
The move paves the path for elections, expected in May.
UBS shares reverse losses, Credit Suisse craters 55% after takeover deal
UBS agreed to buy Credit Suisse as part of a cut-price deal designed to alleviate panic in the banking sector.
Europe stocks lower; banks slide 2.3% as Credit Suisse and UBS fall on takeover deal
European markets fell at Monday’s open as investors take stock of the Credit Suisse deal.
Asia’s regulators say banking system is robust and stable after UBS-Credit Suisse takeover deal
From Hong Kong to Australia and Singapore, authorities urged that their domestic banking systems were stable.
