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The revised deal also ends a transition service agreement that Credit Suisse had entered into shortly before it collapsed into the arms of its larger rival.
March 27 -
The bank confirmed that Credit Suisse's local unit will be completely absorbed into the parent company and the brand retired, likely by 2025.
August 31 -
First-quarter results on Monday showed that its key units continued to lose money and shed clients, and the firm borrowed far more from a central bank liquidity backstop than previously known.
April 24 -
BlackRock's Financial Markets Advisory group has been selling off securities over the last two weeks, including pieces of collateralized loan obligations, commercial mortgage bonds and niche asset backed debt.
April 13 -
As it turns out, the plan was designed to buy time for the financial regulator Finma and the Swiss National Bank to secure a sale — not for Credit Suisse to rescue itself.
March 20 -
The powersport equipment financing company is hoping to see its first profitable year in 2021.
April 23 -
The Swiss banking giant is expected to set aside $850 million for litigation costs stemming from a long-running dispute with bond issuer over the sale of mortgage-backed securities.
January 8 -
Sunnova Energy in Houston plans to issue $158 million in asset-backed securities (ABS), its second term ABS securitization that relies on investors trusting its solar-loan-origination acumen, rather than its loan history.
June 22 -
The bonds will finance the purchase of GSE-eligible loans for the revolving warehouse facility.
May 26 -
The online SME lender is marketing $198.45 million in notes backed by U.S. originations. Funding Circle has previously issued ABS deals backed by small-business loans in its native UK.
August 7