Former Credit Suisse APAC asset management head exiting UBS – sources
By Selena Li and Xie Yu HONG KONG (Reuters) – Former asset management head of Credit Suisse in Asia Pacific, Min Huang, is leaving UBS as the bank embarks on reviewing its…
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 financial details. Energy Infrastructure Partners is a…
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 forced a fresh look at the Swiss…
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 need to shore up its balance sheet…
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 billion Swiss francs ($4.48 billion), the Financial…
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 shore up its balance sheet, Bloomberg Law…
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 need and suggesting how best to plug…
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, citing unidentified market sources. The Swiss bank…
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 that the Swiss lender may be the…
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 from embattled Swiss bank Credit Suisse. Singapore-based…
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 a $2.6-billion tax evasion settlement, Bloomberg News…
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 espionage in 2013, is hoping to revive…
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 bringing its core capital below the key…
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 Wednesday. Switzerland’s second-biggest bank saw its shares…
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 Suisse was caught in the market spotlight…
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 bank has insisted its capital and liquidity…
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 markets bear the heat of aggressive central…
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 Sunday. A spokesman for Credit Suisse declined…
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 the longer term, according to a memo…
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 cash. Credit Suisse has started sounding out…
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 and cost savings than other parts of…
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 two years will likely lead to a…
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 its commitment…
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 outcome of October’s presidential election, said 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 betting big on China and plans to…
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 on Thursday, citing an unnamed company source.…
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