Coverage dated March 15, 2023 to March 20, 2023

UBS to buy Credit Suisse for $3.2 billion to rein in turmoil

Headline from WTOL Toledo, from the development of Mar 19, 2023

Newest development Mar 21, 2023 · 3 reportsJobs at risk after UBS takeover of Credit Suisse, as markets grow calmer – business live

The deal follows the collapse of two large U.S. banks last week that spurred a frantic, broad response from the U.S. government to prevent any further bank panics.

WTOL Toledo's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Developments in this update

4 dated developments, oldest first, newest marked. Each is named by one outlet's own headline; open its reports to see every outlet that covered it.

  1. Credit Suisse to Borrow Up to Nearly $54 Billion From Swiss National Bank

    Headline from NBC10 Philadelphia ·

  2. Near ‘cliff’s edge,’ Credit Suisse not seen as systemic risk

    Headline from WTOP Washington DC ·

  3. Names this update

    UBS to buy Credit Suisse for $3.2 billion to rein in turmoil

    Headline from WTOL Toledo ·

  4. Newest

    Jobs at risk after UBS takeover of Credit Suisse, as markets grow calmer – business live

    Headline from The Guardian ·

1 report not tied to one development ·

Reports & sources

183 articles, oldest first.

  1. NBC10 Philadelphia

    Credit Suisse to Borrow Up to Nearly $54 Billion From Swiss National Bank (opens NBC10 Philadelphia)

    Published

    NBC10 Philadelphia's feed description

    Credit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility.

  2. Digital Journal

    Credit Suisse says it will borrow up to $53.7 bn from central bank (opens Digital Journal)

    Published

    Digital Journal's feed description

    Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to reinforce the group after a plunge in its share

  3. France 24

    Credit Suisse to borrow up to $54 billion from central bank after shares plunge (opens France 24)

    Published

    France 24's feed description

    Swiss bank Credit Suisse said Thursday it will move to shore up its finances, borrowing up to $54 billion from the central bank after its shares plunged, dragging down other major European lenders in…

  4. UPI

    Credit Suisse stock jumps after $54B loan from Swiss National Bank (opens UPI)

    Published

    UPI's feed description

    Shares of European financial services giant Credit Suisse jumped 30% when markets opened on Thursday on the news that the bank will borrow $54 billion from the Swiss National Bank.

  5. New York Times

    Credit Suisse to Borrow as Much as $54 Billion From Swiss Central Bank (opens New York Times)

    Published

    New York Times's feed description

    The Swiss lender had ended Wednesday fighting for its life, with shares at a record low and the cost to insure against a default the highest ever. The loan is an effort to avert further damage.

  6. FOX Business

    Swiss National Bank says it will give Credit Suisse backing 'if necessary' (opens FOX Business)

    Published

    FOX Business's feed description

    Swiss National Bank indicated in a statement Wednesday with the Swiss Financial Market Supervisory Authority it would step in to back Credit Suisse if necessary.

  7. NBC 6 South Florida

    Credit Suisse Shares Soar 30% on Swiss National Bank Loan Announcement (opens NBC 6 South Florida)

    Published

    NBC 6 South Florida's feed description

    Credit Suisse shares soared more than 30% on Thursday morning, after the bank announced that it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank. The embattled Swiss lender announced late on Wednesday that it would exercise its option to borrow from the central ba…

  8. CBS News

    Credit Suisse will borrow up to nearly $54 billion from Swiss central bank in bid to calm fears (opens CBS News)

    Published

    CBS News's feed description

    Shares of the financial giant had sunk to an all-time low, fueling further concerns about the stability of other big banks.

  9. The Guardian

    Credit Suisse takes $54bn loan from Swiss central bank after share price plunge (opens The Guardian)

    Published

    The Guardian's feed description

    After largest shareholder was unable to provide backing, Europe’s 17th largest lender says it will use government help to become ‘simpler and more focused’

  10. PBS NewsHour

    Credit Suisse shares soar after European Central Bank offers lifeline (opens PBS NewsHour)

    Published

    PBS NewsHour's feed description

    Credit Suisse shares surged after the Swiss central bank agreed to loan the bank up to 50 billion francs ($54 billion) to bolster confidence in the country's second-biggest lender following the collapse of two U.S. banks.

  11. Los Angeles Times

    After precipitous plunge, Credit Suisse shares soar after central bank aid announced (opens Los Angeles Times)

    Published

    Los Angeles Times's feed description

    Credit Suisse’s shares soar after it says it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank.

  12. Washington Examiner

    SVB collapse: Credit Suisse shares soar following two-day decline (opens Washington Examiner)

    Published

    Washington Examiner's feed description

    Credit Suisse shares soared on Thursday following its announcement that it would borrow over $50 billion from the Swiss National Bank.

  13. Breitbart News

    Credit Suisse to Borrow up to 50 Billion Swiss Francs from National Bank (opens Breitbart News)

    Published

    Breitbart News's feed description

    Credit Suisse announced it would borrow up to 50 billion Swiss francs from the Swiss National Bank in a move to strengthen its liquidity.

  14. Newsweek

    Credit Suisse raises $54 billion from central bank amid global market panic (opens Newsweek)

    Published

    Newsweek's feed description

    Switzerland's second-largest bank said the move was a "decisive action to pre-emptively strengthen" liquidity and reassure investors.

  15. WFMZ Allentown

    Credit Suisse shares soar after central bank aid announced (opens WFMZ Allentown)

    Published

    WFMZ Allentown's feed description

    Credit Suisse’s shares have soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank. It’s

  16. WTOP Washington DC

    Credit Suisse shares soar after central bank offers lifeline (opens WTOP Washington DC)

    Published

    WTOP Washington DC's feed description

    GENEVA (AP) — Credit Suisse shares surged Thursday after the Swiss central bank agreed to loan the bank up to 50 billion francs ($54 billion) to bolster confidence in the country’s second-biggest…

  17. Deutsche Welle

    Credit Suisse to borrow $54 billion from Swiss central bank – DW (opens Deutsche Welle)

    Published

    Deutsche Welle's feed description

    The move to borrow from the Swiss National Bank makes Credit Suisse the first major global bank to be extended such a lifeline since the 2008 global financial crisis.

  18. KEYT Santa Barbara

    Credit Suisse to borrow $54 billion from Swiss central bank | News Channel 3-12 (opens KEYT Santa Barbara)

    Published

    KEYT Santa Barbara's feed description

    Credit Suisse to borrow $54 billion from Swiss central bank

  19. Washington Examiner

    Credit Suisse borrows over $50B from Swiss National Bank after shares crash by nearly one-third (opens Washington Examiner)

    Published

    Washington Examiner's feed description

    Credit Suisse borrowed over $50 billion from the Swiss National Bank after its shares tanked by nearly 30%.

  20. Insider

    Credit Suisse to borrow up to $54 billion from Swiss National Bank as it looks to shore up liquidity amid the banking crisis (opens Insider)

    Published

    Insider's feed description

    CS said this supports its "core businesses and clients" as it "takes the necessary steps to create a simpler and more focused bank."

  21. FOX Business

    Credit Suisse to borrow up to $54B from Swiss National Bank (opens FOX Business)

    Published

    FOX Business's feed description

    Credit Suisse announced it will borrow up to 50 billion Swiss francs ($54 billion) from the Swiss National Bank to boost liquidity.

  22. NBC 5 Dallas-Fort Worth

    Credit Suisse to Borrow Up to About $54 Billion From Swiss National Bank (opens NBC 5 Dallas-Fort Worth)

    Published

    NBC 5 Dallas-Fort Worth's feed description

    Credit Suisse announced it will be borrowing up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank under a covered loan facility and a short-term liquidity facility. The steps will “support Credit Suisse’s core businesses and clients as Credit Suisse takes the necessary steps t…

  23. NPR

    Credit Suisse shares soar after securing a $54 billion lifeline from Switzerland (opens NPR)

    Published

    NPR's feed description

    Shares of the Swiss banking giant rallied significantly Thursday after Switzerland's central bank agreed to lend it $54 billion.

  24. Washington Times

    Near ‘cliff’s edge,’ Credit Suisse not seen as systemic risk (opens Washington Times)

    Published

    Washington Times's feed description

    Longtime troubles at Credit Suisse came to a head this week with a record stock plunge that spread fears of a banking crisis jumping from the U.S. to Europe. But the problems have been building for years at Switzerland’s second-largest bank, ranging from bad bets on hedge funds to a spying scandal i…

  25. The Guardian

    UBS in talks to take over all or part of Credit Suisse as share prices fall – report (opens The Guardian)

    Published

    The Guardian's feed description

    The troubled bank continued to see its price fall despite a $54bn cash infusion from the Swiss national bank

Showing the first 25 of 91 headlines. ·

Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.