scorecardresearch
Clear all

Stock Analysis

View More

LATEST NEWS

View More
News
INDUSTRY
Banking

Feedback

Banking

First Republic Bank has secured $30 billion from some major American banks, but few think it may not be enough.
Updated : Mar 21, 2023

Swedish pension fund Alecta sells its stake in First Republic Bank at a loss of $728 mn

First Republic Bank has plunged into a crisis due to depleting liquidity following the quick meltdown of Silicon Valley Bank and Signature Bank. The bank's shares have plunged nearly 90 per cent in two weeks triggering fears that it may also collapse. 

Headhunters have reported that job inquiries from Credit Suisse staff have stepped up in the last week following the market rout.
Updated : Mar 21, 2023

Credit Suisse workers desperately looking for new jobs, claim headhunters in different countries

UBS employs 74,000 staff globally and experts feel that will close overlapping Credit Suisse roles in Switzerland, close branches and reduce staff in administrative positions to cut additional costs.

As part of Credit Suisse takeover deal, Finma said that $17.3 billion worth of AT1 bonds will be written down to zero.
Updated : Mar 21, 2023

Credit Suisse’s AT1 bonds worth $17 bn written off: How Indian banks are exposed to risky these bonds

AT1 bonds are hybrid securities that have loss-absorbing features and can be written-down under certain scenarios, including depletion of capital.

UBS has agreed to buy Credit Suisse for $3.25 billion, under which UBS will be paying the shareholders 0.76 francs per share.
Updated : Mar 21, 2023

Credit Suisse takeover by UBS: Saudi National Bank loses over $1 bn on its investment, says report

Riyadh-based Saudi National Bank has a 9.9 per cent stake in the Swiss bank. It invested 1.4 billion Swiss francs ($1.5 billion) in November 2022 at 3.82 francs per piece.

Credit Suisse has 15,000 employees in India, its second largest employee footprint, just behind its operations in Switzerland.
Updated : Mar 21, 2023

15,000 employees, Rs 2,800 crore deposits: How big is Credit Suisse in India?

Credit Suisse has 15,000 employees in India, its second largest employee footprint, just behind its operations in Switzerland. Although the fine print of the UBS' acquisition of Credit Suisse is not out yet, the employees facilitating Credit Suisse’s India operations have been left in a state of uncertainty.

Shares of First Republic fell 46% to $12.41 as investors fretted that the $30 billion deposited by several big U.S. banks into the lender would not be enough to ease its troubles.
Updated : Mar 21, 2023

JPMorgan CEO leading talks for new First Republic rescue plan

Shares of First Republic fell 46% to $12.41 as investors fretted that the $30 billion deposited by several big U.S. banks into the lender would not be enough to ease its troubles.

The RBI under Governor Shaktikanta Das had rescued the new-generation private bank promoted by a banking professional Rana Kapoor without any cost to the exchequer or the RBI
Updated : Mar 20, 2023

Credit Suisse vs Yes Bank: Swiss regulator's rescue act similar to RBI playbook

The RBI under Governor Shaktikanta Das had rescued the new-generation private bank promoted by a banking professional Rana Kapoor without any cost to the exchequer or the RBI.

The RBI noticed "deficiencies in regulatory compliance" after it examined complaints received against the Mumbai-based lender's recovery agents during the financial years 2018-19 to 2021-22, the central bank said in a statement
Updated : Mar 20, 2023

RBI imposes Rs 2.27-cr penalty on RBL Bank for non-compliance with rules on recovery agents

RBI noticed 'deficiencies in regulatory compliance' after it examined complaints received against the Mumbai-based lender's recovery agents during the financial years 2018-19 to 2021-22

'People were crying on Yes Bank AT1 bonds. Imagine the UHNIs who have invested in AT1 bonds of Credit Suisse,' says a Twitter user
Updated : Mar 20, 2023

Deja vu! Credit Suisse's Rs 1.4 lakh cr debt wipeout reminds investors of Yes Bank's AT1 bond saga

Credit Suisse collapse: 'AT1 bond holders are the biggest loser in case a bank fails. Even equity carries less risk than AT1 bonds,' says a Twitter user

As of March 2022, the Indian unit has a strong capital adequacy ratio of 60.02 per cent, which is well above the levels seen in Indian banks. 
Updated : Mar 20, 2023

Will UBS shut down Credit Suisse's India unit?

The question now on everyone's mind is whether UBS will choose to surrender the Credit Suisse license in India.

Roughly $60 billion of Signature Bank's loans and $4 billion of its deposits would remain with it in receivership, the agency said.
Updated : Mar 20, 2023

New York Community Bancorp Unit to buy Signature Bank assets: FDIC

The Federal Deposit Insurance Corporation (FDIC) said the deal would see the subsidiary, Flagstar Bank, assume substantially all of Signature Bank's deposits, some of its loan portfolios and all 40 of its former branches.

Many of the regional banks have also said that their deposit base has stabilized.
Updated : Mar 20, 2023

US sees deposits stabilizing as some regional banks reel

Shares of regional banks such as First Republic Bank, PacWest Bancorp and Western Alliance Bancorp have plunged since the banking crisis started on March 8 with the collapse of Silvergate Capital Corp and intensified as US regulators took over Silicon Valley Bank and Signature Bank.

UBS-Credit Suisse merger approved
Updated : Mar 20, 2023

UBS seals deal to acquire Credit Suisse; Swiss regulators to provide $108 billion liquidity assistance

"With the takeover of Credit Suisse by UBS, a solution has been found to secure financial stability and protect the Swiss economy in this exceptional situation," the Swiss central bank said.

Logos of Swiss banks UBS and Credit Suisse
Updated : Mar 19, 2023

European banks brace for potential contagion amid fallout from Credit Suisse and US bank failures

At least two major banks in the region are reportedly examining scenarios of contagion and looking for stronger signals of support from the Federal Reserve and the European Central Bank (ECB)

Credit Suisse
Updated : Mar 19, 2023

Swiss authorities weigh nationalising Credit Suisse amid takeover talks with UBS

According to sources familiar with the matter, the Swiss government is exploring all options to help salvage the beleaguered bank, which has seen its share price plummet this week.

Warren Buffett
Updated : Mar 19, 2023

Warren Buffett in talks with Biden officials about possible investment in regional banks: Report

Buffett has a history of stepping in to aid banks in crisis, using his financial strength and investing expertise to restore confidence in the struggling banking system.

Credit Suisse-UBS
Updated : Mar 19, 2023

Credit Suisse reportedly resisting $1 billion takeover offer by UBS

The offer from UBS is an all-share deal, with the Swiss government planning to change the country's laws to bypass a shareholder vote on the acquisition.

UBS
Updated : Mar 19, 2023

UBS offers to acquire Credit Suisse for $1 billion amidst banking turmoil

The proposed all-share deal between the two biggest banks in Switzerland is expected to be signed as soon as Sunday evening, Financial Times reported.

UBS-Credit Suisse
Updated : Mar 19, 2023

UBS seeks $6 billion from Swiss government to acquire struggling Credit Suisse

According to sources familiar with the negotiations, UBS is seeking a $6 billion bailout from the Swiss government to aid in the acquisition of Credit Suisse.

Silicon Valley Bank
Updated : Mar 19, 2023

First Citizens considers bid to acquire Silicon Valley Bank, report says

The Raleigh, North Carolina-based bank is reportedly one of several prospective buyers with access to the data room as part of the auction process for the failed bank.

UBS-Credit Suisse deal nears
Updated : Mar 19, 2023

UBS nears deal to take over Credit Suisse: Report

Credit Suisse has faced as much as $10 billion in outflows a day, and there are concerns it will become insolvent next week if not dealt with. 

Load More

HOT STOCKS

  • NSE
  • BSE
Most active stocks that’s creating maximum buzz in the share market

TOP VIDEOS