Credit Suisse chief compliance officer set to leave – Bloomberg News
(Reuters) – Credit Suisse Group AG’s Chief Compliance Officer Rafael Lopez is set to leave the Swiss bank in the coming weeks after spending little …
Credit
Credit Suisse sells stake in EIP venture to management
ZURICH (Reuters) – Credit Suisse has sold its 30% stake in Energy Infrastructure Partners to EIP’s managing partners, EIP said on Friday without giving any …
Fitch cuts Pakistan’s sovereign credit rating to ‘CCC+’ from ‘B-‘
(Reuters) -Global ratings agency Fitch cut Pakistan’s sovereign credit rating on Friday by a notch to ‘CCC+’ from ‘B-‘, citing further deterioration in the country’s …
Speculators bet Credit Suisse shares have further to fall
By Nell Mackenzie (Reuters) – Investors have been adding to bets that Credit Suisse’s shares still have further to fall after a social media storm …
Credit Suisse taps RBC, Morgan Stanley for capital increase -Bloomberg News
(Reuters) -Credit Suisse Group AG is working with banks including Royal Bank of Canada (RBC) and Morgan Stanley on a potential capital increase, should it …
Credit Agricole and CACEIS to buy RBC Investor Services’ Europe unit
PARIS (Reuters) – CACEIS, the asset servicing business owned by French bank Credit Agricole and Spanish bank Santander, has struck a preliminary deal to buy …
UK CFOs say credit is expensive, hit by “mini-budget” – Deloitte survey
By William Schomberg LONDON (Reuters) – More large British companies view borrowing as expensive than at any time in the past decade, due partly to …
Credit Suisse prepares Swiss business sales to raise capital – FT
(Reuters) – Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around 4.5 …
Credit Suisse in talks with underwriters as it weighs capital options – report
(Reuters) – Credit Suisse Group AG has held talks with a number of banks about underwriting a potential capital increase in case it needs to …
Credit Suisse capital gap conundrum draws analyst answers
By Noele Illien ZURICH (Reuters) – As Credit Suisse finalises a much-anticipated restructuring, analysts are crunching the numbers on how much capital the bank may …
Credit Suisse considers Allfunds disposal, Cinco Dias reports
MADRID (Reuters) – Credit Suisse is considering selling its stake in Madrid-based tech company Allfunds to raise cash, Spanish newspaper Cinco Dias reported on Friday, …
Credit Suisse debt insurance costs rise, bonds ease after tax probe report
LONDON (Reuters) – The cost of insuring the debt of Credit Suisse against default rose on Wednesday, while its bonds and shares fell, after reports …
Targeted Turkish credit policies benefiting SMEs -deputy cenbank head
By Nevzat Devranoglu ANKARA (Reuters) – Targeted credit policies adopted by Turkey’s central bank have this year enabled small and medium-sized businesses (SMEs) to grab …
Credit Suisse faces U.S. tax probe, senate inquiry – Bloomberg News
(Reuters) -The U.S. Justice Department is investigating whether Credit Suisse continued helping U.S. clients hide assets from authorities, eight years after the Swiss bank paid …
Ex Credit Suisse banker in $86 million London appeal after Romanian conviction
By Kirstin Ridley LONDON (Reuters) – A former Credit Suisse banker, who was convicted and sentenced to prison in Romania for a decade for alleged …
U.S. Treasury sets new tax credit rule to expand affordable housing
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury moved to preserve and expand the supply of affordable housing on Friday by finalizing a new …
Members of Multi-State Credit Card Fraud Ring Sentenced for Conspiracy, Credit Card Fraud, and Aggravated Identity Theft
INDIANAPOLIS – Seven individuals have been sentenced for conspiracy to commit access device fraud, with some also being sentenced for access device fraud and aggravated …
Moody’s says Credit Suisse could suffer $3 billion loss in 2022
By Saeed Azhar NEW YORK (Reuters) – Rating agency Moody’s Investors Service expects losses for Credit Suisse to swell to $3 billion by year-end, potentially …
Swiss National Bank monitoring Credit Suisse situation – Maechler
ZURICH (Reuters) – The Swiss National Bank (SNB) is following the situation at Credit Suisse closely, SNB Governing Board member Andrea Maechler told Reuters on …
Credit Suisse’s deputy head of Asia wealth business resigns
By Anshuman Daga SINGAPORE (Reuters) – The deputy head of Credit Suisse’s Asia-Pacific wealth management business Young Jin Yee has resigned, according to a company …
UBS credit default swaps hit decade high after Credit Suisse blow out
LONDON (Reuters) – The cost of insuring exposure to debt issued by Swiss lender UBS rose to a decade high on Monday after peer Credit …
Credit Suisse, Citi cut 2022 year-end target for S&P 500
(Reuters) – Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity …
Credit Suisse executives reassure investors after CDS spike, Financial Times reports
(Reuters) – Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on …
Toms River Police seeking to identify suspects wanted for credit card fraud at Walmart
TOMS RIVER, NJ – The Toms River Police Department is asking for the Public’s assistance in identifying two suspects wanted for questioning in reference to …
Texas AG Paxton joins probe into S&P Global’s use of ESG in credit ratings
(Reuters) – Texas Attorney General Ken Paxton has joined a multi-state investigation into whether S&P Global Inc violated consumer protection laws over its use of …
Lack of credit sends Venezuelan businesses seeking loans abroad
By Mayela Armas CARACAS (Reuters) – Venezuelan business owners struggling to get access to credit amid their country’s continued economic crisis are seeking loans through …
IRS Sent Out Over $1 Billion In Child Tax Credit Payments To The Wrong People
IRS Sent Out Over $1 Billion In Child Tax Credit Payments To The Wrong People Arjun Singh on September 27, 2022 The Internal Revenue …
UK tax cuts raise stakes for debt sustainability, Scope credit rating agency warns
LONDON (Reuters) – Britain’s new tax cut and spending plans will push up its debt levels and raise the stakes in terms of the sustainability …
Turtle Creek Man Sentenced to 5 Years for Using Stolen Credit Cards at Area Retail Stores
PITTSBURGH – A former resident of Turtle Creek, Pennsylvania, has been sentenced in federal court to five years of imprisonment on his conviction of identity …
‘The Next Step In Banning Guns’: Tucker Carlson, Glenn Beck Break Down Credit Card Tracking Of Gun Purchases
‘The Next Step In Banning Guns’: Tucker Carlson, Glenn Beck Break Down Credit Card Tracking Of Gun Purchases Harold Hutchison on September 22, 2022 Fox …
Credit Suisse aims for stronger franchise from global review
By Scott Murdoch HONG KONG (Reuters) – Credit Suisse’s top two executives have told staff the bank is working to establish a stronger franchise in …
Credit Suisse shares hit record low after report bank is looking to raise cash
LONDON (Reuters) – Credit Suisse shares dropped to a record low on Friday after a Reuters report said the company is looking to raise fresh …
JPMorgan reduces credit to China’s Tsingshan and metal clients globally
By Eric Onstad, Pratima Desai and Peter Hobson LONDON (Reuters) – JPMorgan Chase & Co has reduced lending to China’s Tsingshan, one of the world’s …
Cleveland Heights Man Sentenced to Prison and Ordered to Pay $177k in Restitution for Credit Card Fraud Scheme
CLEVELAND – Carlos Dashawn Brown, 28, of Bowling Green and Cleveland Heights, Ohio, was sentenced on Wednesday, September 14, 2022, to 38 months in prison …
Chief Credit Officer Admits to Conspiracy to Defraud First NBC Bank
NEW ORLEANS – United States Attorney Duane A. Evans announced that WILLIAM J. BURNELL (“BURNELL”), age 72, a resident of Kenner, Louisiana, pleaded guilty today …
Credit Suisse exec: Swiss bank not main focus for cost savings
ZURICH (Reuters) – Credit Suisse’s Swiss unit has become more efficient and growth focused in recent years and will thus be hit less by restructuring …
Former New Pilgrim Federal Credit Union Manager Charged with Embezzlement
BIRMINGHAM, Ala. – A Birmingham man has been charged with devising a scheme to embezzle from his employer, announced U.S. Attorney Prim F. Escalona and …
Credit Suisse raises UK GDP forecast after energy package
LONDON (Reuters) – Credit Suisse raised its 2023 UK GDP forecast on Friday, predicting that the UK government’s plan to freeze household energy bills for …
Credit Suisse strikes deal to buy out China joint venture partner
By Selena Li HONG KONG (Reuters) – Credit Suisse said on Thursday it had struck a deal to buy out its local partner in a …
Kalispell couple sentenced to more than 30 months in prison in scheme to steal mail and use stolen credit cards to defraud businesses
MISSOULA — A Kalispell couple convicted in a scheme to steal hundreds of pieces of mail from rural mailboxes in Lincoln and Flathead counties and …
Analysis-As interest rates jump, Canadian borrowers turn to credit unions for mortgages
By Nichola Saminather TORONTO (Reuters) – In a country where the Big Six banks control 80% mortgage market share, Canada’s smaller lenders are making some …
UK credit default swaps hit fresh 27 month high
LONDON (Reuters) – The cost of insuring exposure to Britain’s sovereign debt rose by 2 basis points on Wednesday, hitting levels last seen in June …
Vietnam central bank lifts cap on credit growth for some banks
HANOI (Reuters) – The State Bank of Vietnam (SBV) said on Wednesday it has raised caps on credit growth for some banks this year, based …
Essex County Man Admits Using Credit Cards and Checks Stolen from U.S. Mail to Attempt to Defraud Banks of Over $250,000
NEWARK, N.J. – An Essex County, New Jersey, man today admitted scheming with others to use credit cards and checks that were stolen from the …
Investors must wait for Brazil election for fiscal clarity -Credit Suisse executive
By Paula Arend Laier SAO PAULO (Reuters) – Investors seeking clarity about the future of Brazil’s fiscal policy from 2023 on must wait for the …
Exclusive-Embattled Credit Suisse aims to launch China wealth business next year
By Anshuman Daga SINGAPORE (Reuters) – Credit Suisse, which has been buffeted by a string of scandals, management changes and global strategy rejigs, is still …
Credit Suisse plans 3,200 job cuts in Zurich – Blick paper
ZURICH (Reuters) – Credit Suisse plans to cut 3,200 jobs in Zurich as part of a cost-cutting drive at the bank, Swiss newspaper Blick reported …
South Korea presses concerns over U.S. EV tax credit reform
WASHINGTON (Reuters) – Korean Deputy Trade Minister Ahn Sung-il raised concerns on Tuesday with the Biden administration over the revamped $7,500 electric vehicle tax credit …
Liberal Pension Leaders Petition Credit Card Companies To Track Firearm Purchases
Liberal Pension Leaders Petition Credit Card Companies To Track Firearm Purchases John Hugh DeMastri on August 30, 2022 Pension officials in New York City and California have …
Springfield, Illinois, Man Sentenced to 24 Months in Prison for Six Counts Related to Possession and Use of Counterfeit Credit Cards and Counterfeit Device Making Equipment
SPRINGFIELD, Ill. –A Springfield, Illinois, man, Calvin Christian, III, 31, of the 1700 block of South College Street was sentenced on August 25, 2022, to …