The chairman of the Saudi National Bank has resigned for “personal reasons” less than two weeks after his comments on Credit Suisse fuelled the lender’s share price crash that ultimately saw it acquired by rival company UBS.

The Swiss central bank has hiked its key interest rate and insisted a government-orchestrated takeover of troubled Credit Suisse by rival bank UBS ended the financial turmoil.

Switzerland’s government has ordered Credit Suisse to temporarily suspend bonuses for employees, after orchestrating a plan for the Swiss bank to be taken over by rival UBS.

Asian stock markets fell on Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis.

Credit Suisse is designated by the Financial Stability Board, an international body that monitors the global financial system, as one of the world’s globally systemic important banks

Credit Suisse shares surged on Thursday after the Swiss central bank agreed to loan the bank up to £45 billion to bolster confidence in the country’s second-biggest lender and blunt concerns about the international financial system after the ...

Credit Suisse’s shares soared by 30% on Thursday after it announced it will shore up its finances by borrowing up to £45 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the US to Europe.

The turmoil prompted an automatic pause in trading of Credit Suisse shares on the Swiss market and sent shares of other European banks tumbling, some by double digits.

Credit Suisse has agreed to pay €238 million to settle tax fraud allegations, French prosecutors have said, in the latest blow for the embattled Swiss bank.

Swiss prosecutors have filed an indictment against bank Credit Suisse for allegedly failing to do enough to stop money laundering linked to drug trafficking by a Bulgarian criminal organisation in a scheme that involved a wrestler who once hauled ...

Swiss bank Credit Suisse said it plans to close 37 branches in its home country as part of an effort to streamline its business, and said that some job cuts are inevitable.