private banking

Credit Suisse, UBS, First Republic, New York Community, PacWest, and More Movers

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Credit Suisse, UBS, First Republic, New York Community, PacWest, and More Movers

American depositary receipts of Swiss bank Credit Suisse (ticker: CS) plunged more than 47% to about 83 cents after larger rival UBS (UBS) agreed to buy Credit Suisse in a deal valued at about $3.2 billion. The merger of Switzerland’s two largest banks—engineered over the weekend by Swiss authorities—comes against a backdrop of industry turmoil. U.S.-listed shares … Read more

From SVB’s sudden collapse to Credit Suisse’s fallout: 8 charts show turbulence in financial markets

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From SVB’s sudden collapse to Credit Suisse’s fallout: 8 charts show turbulence in financial markets

A tumultuous week in the U.S. financial markets ended on an uncertain note Friday after a massive $30 billion injection of big-bank deposits into First Republic Bank failed to calm investors.  Last week, the sudden meltdown of three U.S. banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began to rekindle concerns … Read more