Published 2 years ago

Credit Suisse to buy back $3 billion in debt, sell landmark hotel as credit fears persist

Summary by Ground News

Troubled bank Credit Suisse offered to buy back up to 3 billion Swiss francs ($3.03 billion) of debt securities Friday, as it navigates a plunging share price and a rise in bets against its debt.

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Reuters

Credit Suisse pays down debt to calm investors

Credit Suisse will buy back up to 3 billion Swiss francs ($3 billion) of debt, an attempt by the Swiss bank to show its financial muscle and reassure investors concerned about the lender's overhaul and how much it may cost.

2 years ago·United Kingdom

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CNBC

Credit Suisse to buy back $3 billion in debt, sell landmark hotel as credit fears persist

The Swiss lender revealed debt buyback plans and confirmed it is selling its famous Savoy Hotel in Zurich's financial district.

2 years ago·United States

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RTÉ

Credit Suisse announces $3 billion debt buyback

Credit Suisse will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled Swiss bank said today, making a show of strength as it seeks to reassure investors after a tumultuous week.

2 years ago·Ireland

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IBTimes

Credit Suisse Seeks To Reassure Investors With $3 Billion Debt Buyback

Credit Suisse will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled Swiss bank said on Friday, making a show of strength as it seeks to reassure investors after a tumultuous week.

2 years ago·United States

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Benzinga

Credit Suisse Floats Plan For $3B Debt Buyback To Reassure Investors - First Majestic Silver (NYSE:AG)

Credit Suisse Group AG (NYSE: AG) has offered to buy back its debt securities worth about $3 billion in the backdrop of concerns about the Swiss bank's financial health, which had dragged its share price and led to an increase in bets against its debt.What Happened: Credit Suisse’s shares had briefly hit an all-time low on Monday, while its credit default swaps hit a record high in the backdrop of the market’s concerns over the bank's future. Ho…

2 years ago·New York, United States

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Bloomberg

Credit Suisse Offers $3 Billion Debt Buyback After Market Rout

Credit Suisse Group AG offered to buy back up to $3 billion of its own debt, in a move aimed at calming investor jitters ahead of the unveiling of a crucial strategy revamp.

2 years ago·United States

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