UBS to cut 35,000 jobs after Credit Suisse rescue: report
June 28, 2023 | 15:00
Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse - more than half its workforce - as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.
Learning the key bank crisis lessons
April 18, 2023 | 10:00
Just over a month ago, the global banking system was shocked by the failure of Silicon Valley Bank (SVB) and the ensuing wave of panic, which was disastrous for Signature Bank, a New York City lender. The turbulence soon spread to Europe, where Credit Suisse came to the brink of collapse and was eventually forced to merge with large Swiss bank UBS.
No time to panic thanks to higher financial stability
April 04, 2023 | 11:57
In contrast with the collapse of Lehman Brothers on the eve of the 2008-2009 global financial crisis, the recent failures of Silicon Valley Bank (SVB) and Credit Suisse are not systemic and interconnected cases.
Developments for Vietnam to watch in midst of bank crisis
March 29, 2023 | 10:15
The banking system is bracing for difficulties after the events surrounding Silicon Valley Bank, Credit Suisse, and others. Patrick Lenain, senior associate at the Council on Economic Policies, shared his views on what should Vietnam watch for during this period.
Credit Suisse to pay $495 mn in US to settle securities case
October 17, 2022 | 16:00
Credit Suisse said Monday it would pay $495 million to settle a row over mortgage-backed securities dating back to the 2008 financial crisis.
Making Vietnam more attractive to foreign investors
November 09, 2020 | 12:09
Michael Isenschmid, managing director of Zurich-based IAP Investment & Trust Services AG, shares a few suggestions to make Vietnam even more attractive.
Credit Suisse named Vietnam’s Best Investment Bank for ninth time
August 08, 2018 | 13:49
Credit Suisse has been named Vietnam's Best Investment Bank by Euromoney 2018 Awards and best international investment bank by FinanceAsia 2018 Country Awards.
Credit Suisse AG allocates $200 million credit package to FLC Group
July 14, 2018 | 12:28
FLC Group is the latest partner of Credit Suisse in Vietnam, along with VPBank, Vietcombank, and FE Credit.
HAG looking to tap international market
December 21, 2010 | 09:05
As international bond markets recover after the 2008 global financial crisis, Hoang Anh Gia Lai group is looking to benefit from attractive borrowing costs.
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