Explainer-Credit Suisse in spotlight ahead of strategy shift
ZURICH (Reuters) – With only days to go before unveiling a major strategic overhaul, Credit Suisse is racing to firm up sales of parts of its business that could reduce…
ZURICH (Reuters) – With only days to go before unveiling a major strategic overhaul, Credit Suisse is racing to firm up sales of parts of its business that could reduce…
PARIS (Reuters) – A French court approved an agreement between Credit Suisse Group and the French financial prosecution office to settle a tax fraud and money laundering case in the…
(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 more than a year in…
By Pamela Barbaglia, David French and Anirban Sen (Reuters) – Money managers such as Janus Henderson Group and investment firms including Blue Owl Capital Inc are weighing potential offers for…
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 financial details. Energy Infrastructure Partners…
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 forced a fresh look at…
(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 need to shore up its…
(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 billion Swiss francs ($4.48 billion),…
(Reuters) – Credit Suisse Group AG has held talks with a number of banks about underwriting a potential capital increase in case it needs to shore up its balance sheet,…
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 need and suggesting how best…
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, citing unidentified market sources. The…
LONDON (Reuters) – The cost of insuring the debt of Credit Suisse against default rose on Wednesday, while its bonds and shares fell, after reports that the Swiss lender may…
By Xinghui Kok SINGAPORE (Reuters) -Deutsche Bank said on Wednesday it was replacing its Asia Pacific head of international private banking with a senior hire from embattled Swiss bank Credit…
(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 a $2.6-billion tax evasion settlement,…
By Kirstin Ridley LONDON (Reuters) – A former Credit Suisse banker, who was convicted and sentenced to prison in Romania for a decade for alleged espionage in 2013, is hoping…
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 bringing its core capital below…
ZURICH (Reuters) – The Swiss National Bank (SNB) is following the situation at Credit Suisse closely, SNB Governing Board member Andrea Maechler told Reuters on Wednesday. Switzerland’s second-biggest bank saw…
LONDON (Reuters) – The cost of insuring exposure to debt issued by Swiss lender UBS rose to a decade high on Monday after peer Credit Suisse was caught in the…
ZURICH (Reuters) – Credit Suisse saw sharp falls in its shares and bonds on Monday as markets put the bank under intense scrutiny. The Swiss bank has insisted its capital…
(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 markets bear the heat of…
(Reuters) – Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on Sunday. A spokesman for Credit…
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 the longer term, according to…
LONDON (Reuters) – Credit Suisse shares dropped to a record low on Friday after a Reuters report said the company is looking to raise fresh cash. Credit Suisse has started…
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 and cost savings than other…
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 two years will likely lead…