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 Chinese securities joint venture, reaffirming…
By Selena Li HONG KONG (Reuters) – Credit Suisse said on Thursday it had struck a deal to buy out its local partner in a Chinese securities joint venture, reaffirming…
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 outcome of October’s presidential election,…
By Anshuman Daga SINGAPORE (Reuters) – Credit Suisse, which has been buffeted by a string of scandals, management changes and global strategy rejigs, is still betting big on China and…
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 on Thursday, citing an unnamed…
(Reuters) – Credit Suisse Group AG’s top shareholder Harris Associates has asked the Zurich-based lender to fix its investment bank unit or seek other options, Bloomberg News reported on Friday.…
ZURICH – Credit Suisse shareholder Harris Associates’ increased holding in the Swiss bank reflected an adjustment in how it reports stakes to the U.S. regulator, Finanz und Wirtschaft reported its…
ZURICH – Credit Suisse is not exposed to any large losses among lenders to embattled Mexican firm Credito Real, the Swiss bank said on Saturday, contradicting earlier media reports. Mexican…
(Reuters) – Shares of Credit Suisse fell more than 6% on Tuesday after ratings agencies Moody’s and S&P’s “negative” outlook on the Swiss bank, days after it appointed a new…
By Oliver Hirt ZURICH – Ulrich Koerner, a Porsche fan and rally driver, will need all his navigation skills to steer loss-making Credit Suisse towards profitability as the Swiss bank…
ZURICH – Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss bank that announced a strategic…
(Reuters) – Credit Suisse is set to announce Ulrich Korner as its new chief executive officer, replacing Thomas Gottstein, the Financial Times reported on Tuesday. Credit Suisse did not immediately…
ZURICH – Credit Suisse is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung reported, citing senior sources. “The…
ZURICH – Credit Suisse has signed an alliance agreement with Corporacion Actinver to develop their wealth management businesses in Mexico, the Swiss bank said on Wednesday. Under the arrangement Credit…
ZURICH – Credit Suisse has postponed the initial public offering of its 1a Immo PK real estate fund, the bank said on Wednesday, citing current market turbulence. Preparations for the…
ZURICH – Credit Suisse on Tuesday said it was naming Roger Suter its new head of private banking in Switzerland, succeeding current manager Serge Fehr. “Credit Suisse is today announcing…
By Brenna Hughes Neghaiwi and John O’Donnell ZURICH – Swiss judges are set to rule on Monday whether Credit Suisse failed to prevent money laundering linked to an alleged cocaine…
ZURICH – Credit Suisse on Sunday rejected a claim by Russian businessman Vitaly Malkin for 500 million francs ($515.62 million) he linked to a former client adviser at the bank…
ZURICH – Credit Suisse plans to call its $1.5 billion 7.125% high-trigger Tier 1 capital instrument for redemption on July 29, it said on Thursday. “This call is subject to…
LONDON – Switzerland’s second-largest bank Credit Suisse has hired two managing directors from JP Morgan and BNP Paribas to reinforce its UK investment banking and capital markets team. Jasper Reiser…
By Paul Arnold ZURICH – Credit Suisse is likely to remain in the blue-chip Swiss Market Index (SMI) when it is up for a review in early July, even after…
By Oliver Hirt and Brenna Hughes Neghaiwi ZURICH – Credit Suisse should start looking for a new CEO to replace Thomas Gottstein, top-ten shareholder Artisan Partners told Reuters, becoming the…
By Jody Godoy (Reuters) – A Rhode Island pension fund has sued Credit Suisse Group AG former Chairman Urs Rohner and 19 other directors and executives, alleging their failure to…
ZURICH – Credit Suisse’s roughly 10 key investors back the bank’s board and its strategy, Chairman Axel Lehmann told Swiss newspaper NZZ. While unhappy over the bank’s dwindling share price…
ZURICH – Credit Suisse has no plans for a capital increase, a source familiar with the matter told Reuters on Wednesday, after the Swiss bank reported a dip in capitalisation.…
ZURICH – The head of Credit Suisse’s securities joint venture in China, Tim Tu, has stepped down to pursue other opportunities within the Swiss bank, a spokeswoman said. Daniel Qiu has…