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 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, Bloomberg News reported on Friday. Harris Associates…
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, Finanz und Wirtschaft reported its Chief Investment…
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, contradicting earlier media reports. Mexican newspaper El…
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 after it appointed a new top boss…
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 profitability as the Swiss bank embarks on…
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 bank that announced a strategic review as…
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 did not immediately respond to…
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 reported, citing senior sources. “The numbers are…
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 Wednesday. Under the arrangement Credit Suisse will…
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 market turbulence. Preparations for the float were…
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 is today announcing that Roger…
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 linked to an alleged cocaine trafficking gang…
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 client adviser at the bank who was…
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. “This call is subject to successful completion…
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 capital markets team. Jasper Reiser and Dimitri…
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 in early July, even after the crisis-ridden…
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 Partners told Reuters, becoming the first major…
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 executives, alleging their failure to manage risk…
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 the bank’s dwindling share price and money…
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 reported a dip in capitalisation. As the…
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, a spokeswoman said. Daniel Qiu has been appointed…
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 to growing demand for its crude since…
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 the information on this website: https://www.credit-suisse.com/about-us/en/investor-relations/financial-regulatory-disclosures/quarterly-earnings-material.html (Reporting…
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 an internal document seen by Reuters. According…
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 losses racked up in the Greensill affair,…
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