About six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to inject 50 billion Swiss francs ($57.6 billion) into the lender and nationalise it, according to three sources with direct knowledge of the matter. Hobbled by a series of scandals and failed restructuring plans under successive management teams, Credit Suisse had experienced massive deposit outflows in October 2022. Swiss National Bank Chairman Thomas Jordan and other officials believed the lender faced an existential crisis that could not be solved by just injecting cash, two of the sources said.
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HSBC expanded its Americas equity research team to 24 people this year, adding to its coverage of U.S. stock markets for wealthy clients, the bank said on Tuesday. . -December 19, 2023 at 02:16 pm EST
- MarketScreener
By Tatiana Bautzer NEW YORK (Reuters) - HSBC expanded its Americas equity research team to 24 people this year, adding to its coverage of U.S. stock m.