DARK SECRETS: Ulrich koerner | Vintage Vibes

The one winner and many losers of UBS’s Credit Suisse rescue

BERN: UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.

The Times of India · Mar 20, 2023

Credit Suisse to borrow up to $54bn amid banking crisis fears

Announcement comes after Zurich-based bank’s shares lost more than one-quarter of their value in a day.

Al Jazeera · Mar 15, 2023

'Transformation' Beckons for Embattled Credit Suisse

Battered by a series of scandals, rumors of financial trouble and plunging shares, Credit Suisse is preparing "transformation plans" to restore confidence in the Swiss banking giant. Ulrich Koerner, who took over as chief executive in August, is due to present the strategic review on October 27, AFP said. With…

Asharq Al-Awsat · Oct 9, 2022