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 …
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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 …
Credit Suisse top shareholder asks for investment bank overhaul – Bloomberg News
(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, …
Credit Suisse investor Harris says stake increase reflects reporting change
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, …
Credit Suisse says it has no big exposure to Mexico’s Credito Real
ZURICH – Credit Suisse is not exposed to any large losses among lenders to embattled Mexican firm Credito Real, the Swiss bank said on Saturday, …
Credit Suisse shares falter on bleak ratings news
(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 …
Restructuring whiz Koerner lands in Credit Suisse CEO hot seat
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 …
Credit Suisse names Koerner as CEO, sets strategic review
ZURICH – Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss …
Credit Suisse to name Ulrich Korner as its next CEO – FT
(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 eyes more cost cuts, SonntagsZeitung reports
ZURICH – Credit Suisse is considering how it could cut costs further after a dismal performance by the embattled bank in the past quarter, SonntagsZeitung …
Credit Suisse signs Mexico alliance agreement with Actinver
ZURICH – Credit Suisse has signed an alliance agreement with Corporacion Actinver to develop their wealth management businesses in Mexico, the Swiss bank said on …
Credit Suisse delays real estate fund’s float due to market turbulence
ZURICH – Credit Suisse has postponed the initial public offering of its 1a Immo PK real estate fund, the bank said on Wednesday, citing current …
Credit Suisse names new head of Swiss private banking
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 faces verdict in cocaine-cash trial
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 …
Credit Suisse rejects $515 million claim linked to fraudulent adviser
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 …
Credit Suisse plans to call $1.5 billion AT1 instrument
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. …
Credit Suisse reinforces UK investment banking team with two hires – memo
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 …
Credit Suisse looks secure, Sonova could bump SGS in Swiss SMI
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 …
Exclusive-Major Credit Suisse shareholder calls for new CEO
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 …
U.S. pension fund sues Credit Suisse board over losses in Archegos collapse
By Jody Godoy (Reuters) – A Rhode Island pension fund has sued Credit Suisse Group AG former Chairman Urs Rohner and 19 other directors and …
Credit Suisse board has major investors’ backing – chairman
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 …
Credit Suisse has no plans to raise capital – source
ZURICH – Credit Suisse has no plans for a capital increase, a source familiar with the matter told Reuters on Wednesday, after the Swiss bank …
Head of Credit Suisse China securities JV steps down
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, …
Venezuela growth could hit 20% this year, Credit Suisse says: ‘Not typos!’
CARACAS – Venezuela’s economy could surge 20% this year, investment bank Credit Suisse said in a report, sharply hiking its previous forecast of 4.5% due …
Credit Suisse restates results under new divisional reporting structure
ZURICH – Credit Suisse Group published restated historical financial information on Thursday reflecting its new divisional reporting structure that was announced in November. It published …
Credit Suisse has stopped pursuing new client business in Russia
ZURICH – Credit Suisse stopped pursuing new business in Russia after the invasion of Ukraine on Feb. 24, the Swiss bank said on Monday in …
Some Credit Suisse shareholders don’t want to absolve executives of Greensill losses – FT
ZURICH – Some shareholders in Credit Suisse do not want the bank to hold a vote in the annual meeting on absolving senior executives from …
Scandal-hit Credit Suisse shakes up board with Schwan exit
By Silke Koltrowitz ZURICH -Credit Suisse shook up its board on Monday, including the departure of its influential vice chair Severin Schwan, as it attempts …
JPM, Credit Suisse expect China COVID spike to have minimal impact on GDP
– The recent surge in COVID-19 cases across China is likely to have a minimal impact on the country’s GDP this year, two brokerages said …
Credit Suisse upgrades Chinese stocks to ‘overweight’
MILAN – Swiss bank Credit Suisse has upgraded Chinese stocks to ‘overweight’ following a recent commitment by the country’s policymakers to support the economy. “We …
Credit Suisse faces investor call to cut lending for fossil fuels
By Simon Jessop and Brenna Hughes Neghaiwi LONDON/ZURICH – Investors managing $2.4 trillion are calling on Credit Suisse to take tougher climate action, including cutting …
Swiss politician files criminal complaint against Credit Suisse
By Brenna Hughes Neghaiwi ZURICH – A Swiss member of parliament has filed a criminal complaint against Credit Suisse, he told Reuters on Friday, asking …
Credit Suisse names Rawra head of clean tech banking for Canada – memo
– Credit Suisse has named Saad Rawra as its head of clean-energy technology banking and Canadian head of diversified industries group to help drive the …
Credit Suisse appoints Fitzgerald, McCaffrey, Rima to asset management roles
ZURICH – Credit Suisse announced on Tuesday three senior appointments to its asset management business, which will operate under a new organisational structure from April …
Germany not affected by reports of Credit Suisse data leak – finance ministry
BERLIN – Germany does not think it is affected by a leak of Credit Suisse client data that was published by an investigative journalism network, …
Credit Suisse paid out millions despite compliance alert, drugs trial told
By Stephanie Nebehay BELLINZONA, Switzerland – An ex-Credit Suisse manager told a Swiss court on Monday that millions of euros were paid out of accounts …
Credit Suisse entities agree to settle lawsuit in U.S. for $81 million – court filing
WASHINGTON – Credit Suisse Group AG entities, among six defendants in a lawsuit originally filed by Iowa Public Employees Retirement System and other retirement associations, …
Credit Suisse downgrades global equities on key macro concerns
– Credit Suisse on Friday downgraded global equities to “benchmark” rating from “overweight”, citing the need for the U.S. Federal Reserve to raise interest rates …
Ex-Credit Suisse banker says she told bosses “everything” about Bulgarian clients
By Stephanie Nebehay BELLINZONA, Switzerland – A former Credit Suisse employee testified on Thursday that she kept the bank’s management fully informed of outflows from …
Credit Suisse sweetens deal for senior bankers with 800 million Sfr in upfront cash
By Brenna Hughes Neghaiwi ZURICH – Credit Suisse’s bonus pool fell 32% in 2021, the bank said on Thursday, as the bank slashed regular deferred …
Credit Suisse quits wealth management in several African countries
ZURICH – Credit Suisse is pulling out of its wealth management business in a number of African countries, and the private clients are to switch …
Credit Suisse hires Oliver Wyman adviser as investment banking vice chair – memo
By Emma-Victoria Farr LONDON – Credit Suisse has hired a senior Oliver Wyman adviser as vice chairman of investment banking and capital markets, according to …
U.S. yield curve inversion may be ‘false positive’ recession signal – Credit Suisse
NEW YORK – A U.S. Treasuries yield curve inversion this time around may not be the perfect predictor of a recession, a Credit Suisse strategist …
Court says Credit Suisse faces $45.5 million claim in money-laundering case
ZURICH – Swiss prosecutors are pursuing around 42.4 million Swiss francs ($45.5 million) in compensation from Credit Suisse in a money-laundering trial due to begin …
Credit Suisse Resolves Fraudulent Mozambique Loan Case in $547 Million Coordinated Global Resolution
BROOKLYN, NY – Credit Suisse Group AG, a global financial institution headquartered in Switzerland, and Credit Suisse Securities (Europe) Limited (CSSEL), its subsidiary in the …