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Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait | Jaipur gas tanker crash: Toll touches 14, 30 critical | Arrest warrant against former cricketer Robin Uthappa over 'PF fraud' | PM Modi emplanes for a visit to Kuwait
Swiss bank major UBS to acquire Credit Suisse

Swiss bank major UBS to acquire Credit Suisse

Mar 20, 2023, at 02:46 pm

Swiss bank major UBS is planning to acquire troubled Credit Suisse in a government-backed deal.

Losses, mismanagement, failed strategies; how Credit Suisse reached crisis point

Losses, mismanagement, failed strategies; how Credit Suisse reached crisis point

Mar 18, 2023, at 10:07 am

The crisis in Credit Suisse had been brewing since 2021, but the Swiss lender rattled investors on Tuesday by revealing that it had discovered "material weaknesses" in its 2021 and 2022 financial reports. On Wednesday, its stocks tumbled to an all-time low, stoking concerns over the overall heath of the banking sector, especially after the collapse of two banks in the U.S.

Adani Properties raised Rs 800 cr from Credit Suisse to finance expansion plans: Report

Adani Properties raised Rs 800 cr from Credit Suisse to finance expansion plans: Report

Aug 09, 2022, at 10:50 pm

Adani Properties Pvt Ltd (APPL) has raised Rs 800 crore from Credit Suisse to finance its expansion plans, media reports said.