Credit Suisse Notified by NYSE It’s Not Meeting Listing Rules

Bloomberg2023-05-31

Credit Suisse Group AG said that it’s been notified by the New York Stock Exchange that it’s no longer in compliance with minimum listing criteria.The Swiss bank said on Wednesday that it isn’t ...

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omegatron
2023-05-31
omegatron
Finance companies that include personal lending for ESSENTIAL living purchases like housing ie mortgages should be excluded from stock exchange altogether, as per national and international security people need assurances that their creditors are solid
GabbieTeo
2023-05-31
GabbieTeo
Then what is gg to happen next? Delist? Thought existing shares will be converted to UBS shares.
- omegatron:
  what are ubs shares ??

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The government and bank are still negotiating some terms of the deal, potentially leading to a delay. Uncertainty over the $3 billion takeover, which was brokered by the government in March to prevent a total collapse of Credit Suisse, hangs over the thousands of employees whose jobs are likely to be affected by the fusion.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":182323675168912,"gmtCreate":1685521874032,"gmtModify":1685522253343,"author":{"id":"4115698506180872","authorId":"4115698506180872","name":"omegatron","avatar":"https://community-static.tradeup.com/news/7c50ced86f20a5051a501a4ce07fdf91","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Finance companies that include personal lending for ESSENTIAL living purchases like housing ie mortgages should be excluded from stock exchange altogether, as per national and international security people need assurances that their creditors are solid","listText":"Finance companies that include personal lending for ESSENTIAL living purchases like housing ie mortgages should be excluded from stock exchange altogether, as per national and international security people need assurances that their creditors are solid","text":"Finance companies that include personal lending for ESSENTIAL living purchases like housing ie mortgages should be excluded from stock exchange altogether, as per national and international security people need assurances that their creditors are solid","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182323675168912","repostId":2339425262,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":182308038381712,"gmtCreate":1685518056458,"gmtModify":1685518061741,"author":{"id":"3554875446114741","authorId":"3554875446114741","name":"GabbieTeo","avatar":"https://static.tigerbbs.com/866f3a126be2fa4bacd2d1e9086f1b51","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Then what is gg to happen next? 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