Credit Suisse obtains key approval to launch wealth business in China
By Selena Li HONG KONG (Reuters) – Credit Suisse has received regulatory green light from China after years of waiting to launch a full-fledged wealth …
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Credit Suisse Singapore CEO to leave in latest banker exit at firm
SINGAPORE (Reuters) – Credit Suisse Singapore chief executive officer, Chien Chien Wong, is leaving to pursue outside interests, according to a memo seen by Reuters, …
Exclusive-Credit Suisse markets CSFB as ‘super boutique’, sees revenue rebound
By Paritosh Bansal (Reuters) – Credit Suisse Group AG is marketing its First Boston investment banking unit to investors as a “super boutique” and sees …
Credit Suisse sees money returning to the bank -CEO
ZURICH (Reuters) -Credit Suisse is seeing a reversal of outflows, CEO Ulrich Koerner said in an interview with CNBC in Davos on Wednesday. “Outflows have …
Hedge fund manager Boaz Weinstein bets market is wrong on Credit Suisse
By Nell Mackenzie LONDON (Reuters) – Hedge fund manager Boaz Weinstein doesn’t believe Credit Suisse will default on its debt but if it does, the …
Credit Suisse set to cut 10% of European investment bankers -FT
(Reuters) – Swiss lender Credit Suisse is looking to cut more than 10% of its staff of European investment bankers this year, the Financial Times …
Credit Suisse nears deal to buy Michael Klein’s advisory firm – Bloomberg News
(Reuters) – Credit Suisse Group AG is close to an agreement to acquire former Citigroup executive Michael Klein’s advisory boutique, Bloomberg News reported on Monday. …
Credit Suisse clients are returning, CEO of bank’s Swiss business says
ZURICH (Reuters) – Credit Suisse’s client withdrawals have stabilised and reversed in some cases, Andre Helfenstein, the head of Credit Suisse’s Swiss business said in …
Swiss central bank sees onus on Credit Suisse to execute revamp
ZURICH (Reuters) – Credit Suisse needs to execute its revamp successfully and end a string of negative headlines from Switzerland’s second-biggest bank, Swiss National Bank …
ZKB not poaching Credit Suisse clients – CEO in paper
ZURICH (Reuters) – Zuercher Kantonalbank is not trying to poach clients from embattled Credit Suisse, the state-backed cantonal bank’s chief executive said in a newspaper …
Ex-JPMorgan, Credit Suisse trader convicted at U.S. spoofing trial
(Reuters) – A former trader at JPMorgan Chase & Co and Credit Suisse was convicted of fraud in U.S. court on Friday for scheming to …
Credit Suisse chairman says outflows have basically stopped
ZURICH (Reuters) – Credit Suisse Chairman Axel Lehmann said in a TV interview with Bloomberg on Friday the embattled bank’s outflows have basically stopped and …
Credit Suisse shares get closer to offer price in $2.4 billion cash call
MILAN (Reuters) – Credit Suisse shares fell to a fresh record low on Thursday approaching the offer price of the 2.24 billion Swiss francs ($2.37 …
Few Credit Suisse clients have closed accounts – CEO of the bank’s Swiss unit
ZURICH (Reuters) – The head of Credit Suisse’s Swiss unit said “some customers have withdrawn some of their money, but very few have actually closed …
Credit Suisse wealth boss De Ferrari targets growth markets, tech boost
By Oliver Hirt, Noele Illien and Michael Shields ZURICH (Reuters) – Francesco De Ferrari, the head of Credit Suisse’s wealth management business, is focused on …
Harris Associates backs Credit Suisse handling of governance
ZURICH (Reuters) – Credit Suisse shareholder Harris Associates backed the Swiss bank’s handling of any potential conflicts of interest for Michael Klein, then board member, …
Credit Suisse to use repurchased shares for employee plans
ZURICH (Reuters) – Credit Suisse’s board of directors has decided not to cancel more than 25 million shares it repurchased under a buyback programme halted …
S&P downgrades Credit Suisse Group, Moody’s cuts some ratings
ZURICH (Reuters) – S&P Global Ratings has downgraded Credit Suisse Group’s long-term issuer credit rating by one notch to BBB- and cut its view on …
Credit Suisse confirms shareholder meeting for capital hike
ZURICH (Reuters) – Credit Suisse Group AG on Tuesday confirmed an extraordinary general meeting will take place on November 23 for shareholders to approve a …
Credit Suisse plans to push ahead with China expansion after overhaul
By Selena Li HONG KONG (Reuters) – Credit Suisse is forging ahead with expansion in China, with the country and Hong Kong set to see …
Credit Suisse overhaul welcomed by Swiss National Bank – paper
ZURICH (Reuters) – The Swiss National Bank endorses the measures Credit Suisse has taken to transform the embattled Swiss bank and shore up its capital, …
Credit Suisse mulls IPO for CS First Boston – source
ZURICH (Reuters) – Credit Suisse is exploring the possibility of an initial public offering for its CS First Boston spinoff, a source familiar with the …
The evolution of Credit Suisse over 166 years
ZURICH (Reuters) – Credit Suisse announced on Thursday a strategic revamp aiming to turn the corner on years of scandals, losses and executive upheaval at …
Credit Suisse posts Q3 loss of 4 billion Swiss francs
ZURICH (Reuters) – Credit Suisse Group lost 4 billion Swiss francs ($4.06 billion) in the third quarter, badly missing the average estimate of 413 million …
Credit Suisse under investor scrutiny ahead of business overhaul
By Vincent Flasseur and Davide Barbuscia (Reuters) – Credit Suisse Group AG is set to announce a major strategic overhaul on Thursday after a string …
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 …
French court approves Credit Suisse 238 million euro settlement agreement in tax case
PARIS (Reuters) – A French court approved an agreement between Credit Suisse Group and the French financial prosecution office to settle a tax fraud and …
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 …
Exclusive-Credit Suisse U.S. asset manager draws interest from Janus, Blue Owl, others -sources
By Pamela Barbaglia, David French and Anirban Sen (Reuters) – Money managers such as Janus Henderson Group and investment firms including Blue Owl Capital Inc …
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 …
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 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 …
Deutsche Bank names ex-Credit Suisse banker as new APAC head of private bank
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 …
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 …
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 …
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 …
Explainer-Credit Suisse stuck in spotlight ahead of strategy shift
ZURICH (Reuters) – Credit Suisse saw sharp falls in its shares and bonds on Monday as markets put the bank under intense scrutiny. The Swiss …
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 …
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 …
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 …
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 …