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…
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 to draw a line under a series…
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 in their reports, while adding it could…
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 think that Chinese equities offer attractive upside…
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 its exposure to fossil fuel assets. “The…
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 the country’s attorney general to investigate potential…
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 Swiss bank’s growing global energy tech franchise,…
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 1. The Swiss bank announced the new…
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, a spokesperson for the finance ministry said…
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 linked to a Bulgarian wrestler at the…
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, has agreed to pay $81 million, the…
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 above market expectations amid higher wage growth…
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 Bulgarian customers’ accounts after authorities in Sofia…
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 awards following a string of scandals, but…
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 to Barclays, a spokesperson for the Swiss…
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 a memo seen by Reuters. A bank…
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 said on Wednesday, as the Federal Reserve’s…
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 on Feb. 7, the Swiss Federal Criminal…
Credit Suisse expects 50 bps cut in China’s first-half reserve requirement ratio
– Credit Suisse economists expect a further 50 basis point (bps) cut in China’s reserve requirement ratio (RRR) in the first half of 2022, given the Asian economy is starting to ease…
Fed could resort to outright asset sales to reduce balance sheet – Credit Suisse
NEW YORK – The U.S. Federal Reserve could resort to outright asset sales to reduce its balance sheet as part of plans to fight unabated inflation, a Credit Suisse analyst said in…
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 United Kingdom (collectively, Credit Suisse), each admitted…
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