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The Latest Breaking News from Credit Suisse

UBS to pay $1.44 billion to settle 2007 financial crisis-era mortgage fraud case, last of such cases

UBS will pay U.S. authorities $1.44 billion to settle the last lingering legal case over Wall Street’s role in the housing bubble of the early 2000s, which ultimately led to the 2008 financial crisis and Great Recession

The Independent UK

‘Like horse trading’: Credit Suisse retail investors challenge UBS takeover

Fresh legal claim planned by group of almost 1,000 shareholders to rushed rescue in March

The Guardian - UK

Indexes Mixed After Economic Data; Warren Buffett Stock Rises On Big Win

The Dow Jones rose as the Nasdaq fell. Retail stocks are in focus. Walmart rose on an analyst upgrade. Target and Walmart report earnings next week.

Investors Business Daily

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Markets Today: Stocks Fall on a Hot U.S. July PPI

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.25%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.47%. Stock indexes this morning are moderately lower. Concerns that weakness in China’s economy will curb global growth prospects are weighing on stocks. Losses in stock...

Barchart

UBS ends billions in taxpayer-funded support that paved way for Credit Suisse takeover

Swiss taxpayers are off the hook from a government-engineered rescue plan that doled out billions to help UBS, the country’s largest bank, take over its ailing rival Credit Suisse

The Independent UK

Credit Suisse Bank Investigation Files To Remain Confidential For 50 Years

Swiss historians express concerns over extended access delay to crucial documents

Zenger

Shopify Payments Monetization: Credit Suisse’s Perspective On Revenue Modelling And Future Upside

Credit Suisse analyst Timothy Chiodo maintained Shopify Inc (NYSE: SHOP) with a Neutral and raised the price target from $53 to $55

Zenger

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Credit Suisse Analyst Praises IBM’s Revenue Guidance, M&A Focus

Shannon Cross believes IBM is well-positioned to become a leader in artificial intelligence.

Zenger

Swiss Taxpayers Spared From Funding UBS’ Rescue Of Credit Suisse

UBS to handle potential losses of CHF 5 billion, Swiss government to cover next CHF 9 billion.

Zenger

UBS ‘preparing to cut more than half of inherited Credit Suisse workforce’

Between 30,000 and 35,000 staff likely to leave combined group this year, according to report

The Guardian - UK

UBS to cut 35,000 jobs after Credit Suisse rescue

GENEVA: 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.

Bangkok Post

Swiss central bank urges review of 'too big to fail' bank safeguards after Credit Suisse debacle

Switzerland’s central bank says it's time to review rules aimed at preventing disastrous bank collapses

The Independent UK

Bristol interior design firm wins multi-million pound contract to 'transform' city centre complex

Paramount has been tasked with providing a "high-spec refurbishment" for global investment bank Credit Suisse

Birmingham Post

UBS finishes takeover of Credit Suisse in deal meant to stem global financial turmoil

UBS said Monday that it has completed its takeover of embattled rival Credit Suisse in a bid to safeguard Switzerland's reputation as a global financial center and choke off market turmoil.

WEKU

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The Independent UK

UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil

UBS says it has completed its takeover of embattled rival Credit Suisse

Evening Standard

FTSE 100 Live: City expects interest rates to stay higher for longer as gilts surge again; shares fade

Gilt yields rose closer to mini-Budget levels today ami new fears the Bank of England will keep interest rates higher for longer.

Bangkok Post

UBS set for 'bumpy' integration of Credit Suisse

ZURICH - UBS is poised to complete on Monday its takeover of Credit Suisse, but integrating the former rival is a Herculean task that clients, employees and Swiss political leaders will closely watch.

The Independent UK

Credit Suisse owes millions to Georgia's billionaire ex-prime minister, court says

A Singapore court says Credit Suisse owes billionaire and former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect his money in a trust pilfered by a manager

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The Guardian - UK

UBS to make $35bn in Credit Suisse takeover – but lose $17bn in rushed deal

UBS says it will absorb costs related to litigation, regulatory matters and liability adjustments in emergency rescue

Investors Business Daily

Walmart Stock Trades In Buy Zone After Beat And Raise Report. Target Warns Inventory, Theft To Weigh On Guidance.

Walmart stock is in a buy zone after topping forecasts, raising guidance early Thursday. Target warns of inventory theft in earnings beat.

Reuters

Ecuador seals record debt-for-nature swap with Galapagos bond

Ecuador sealed the world's largest "debt-for-nature" swap on record on Tuesday, selling a new "blue bond" that will funnel at least $12 million a year into conservation of the Galapagos Islands, one of the world's most precious ecosystems.

The Independent UK

UBS to take in Credit Suisse CEO as merger closes in 2 weeks

UBS says it’s bringing the CEO of Credit Suisse on to its executive board and will keep the two banks operating separately “for the foreseeable future” as it moves forward with a high-profile merger expected to close within two weeks

Reuters

Ecuador frees cash for Galapagos conservation with $1.6 billion bond buyback

Ecuador is set to complete the biggest ever debt-for-nature swap, freeing up cash for conservation of the Galapagos Islands, one of the world's most precious ecosystems, after Credit Suisse bought up three of its bonds.

The Conversation

Digital bank runs: social media played a role in recent financial failures but could also help investors avoid panic

A crisis of confidence in the US banking sector led people to pull their money from banks including Silicon Valley Bank and Credit Suisse, and more recently, First Republic Bank and California-based PacWest Bancorp. The way these events have unfolded have created a new term in the vocabulary of finance:…

Zenger

Credit Suisse History Of Doing Business Members Of The Nazi Party Remembered

Top Republican in the U.S. Senate Budget Committee questions the bank's history of the Nazi's interests.

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