Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n
\u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n See Related:<\/em><\/strong> Banks Are Losing Money On Mortgages Financed; Unaffordable Housing Prices Are The Cause<\/a><\/p>\n\n\n\n Karin Keller, a member of the Swiss Federal Council, commented that the acquisition was important in saving the financial institution in Switzerland despite the concerns raised by the country\u2019s legislators on using the emergency law in the Credit Suisse-UBS deal.<\/p>\n\n\n\n \u2018\u2018I heard anger, I heard frustration, sometimes I also heard a bit of helplessness,\u2019\u2019<\/em> she said, commenting on the division in parliament. The politicians also questioned why the Swiss financial regulator could not prevent the collapse of Credit Suisse.<\/p>\n\n\n\n Troubles began mid-March when Credit Suisse announced that it had discovered material weaknesses in its financial reporting and internal controls, causing a drop in the company\u2019s shares by 4%. The events came amid similar banking collapses in the US involving SVB, Silvergate, and Signature Bank.<\/p>\n\n\n\n See Related: <\/em><\/strong>Silicon Valley Bank Deposits and Loans Bought by First-Citizens Bank<\/a><\/p>\n","post_title":"BlackRock Contracted To Dispose Of Credit Suisse Asset-Backed Bonds","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"blackrock-contracted-to-dispose-of-credit-suisse-asset-backed-bonds","to_ping":"","pinged":"","post_modified":"2023-04-15 18:31:21","post_modified_gmt":"2023-04-15 08:31:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10948","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Credit Suisse has contracted the New York City-based investment company BlackRock to sell its portfolio of structured bonds.<\/p>\n\n\n\n The securities of the beleaguered Swiss lender\u2019s assets, comprising collateralized loans obligations, niche asset-backed debt, and commercial mortgage bonds, have been on sale for the past two weeks, according to a report<\/a> by Bloomberg.<\/p>\n\n\n\n Last month, UBS, the investment bank based in Switzerland, acquired<\/a> Credit Suisse for US $3.2 billion in a state-brokered deal involving $120.5 billion in financial guarantees. The rescue deal was not well-received by a section of Switzerland's parliament. The lower house objected to the arrangement, while the upper house agreed.<\/p>\n\n\n\n Nonetheless, the Swiss government had already committed the funds under an emergency law provision, and the parliamentary vote was symbolic.<\/p>\n\n\n\n
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