Credit Suisse sees torment go on as it forecasts US$1.6bn Q4 loss
The group cited a ‘substantial’ industry-wide slowdown in capital markets for its woes
Company
Credit Suisse Group AG
NYSE:CS
Credit Suisse Group AG (Credit Suisse) is a financial services company. It provides advisory services, solutions and products to companies, institutional clients and private clients globally, as well as to the retail clients in Switzerland. The Company operates in three business segments: Private Banking, Investment Banking and Asset Management.
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Credit Suisse to axe 9,000 and hive off investment bank
The Zurich-based lender is also raising US$4bn to shore up its finances
Credit Suisse launches auction to possibly offload US asset management arm amid reshape - Reuters
Initial interest from prospective buyers, likely to be a private equity firm, is due at the end of this week, Reuters reported
Credit Suisse pays US$495mln to settle US case
It is an issue which has followed the bank for nearly 15 years
Credit Suisse steadies ship with US$3bn loan buyback
Shares in the Swiss bank rose 3% to their highest for a fortnight
FIVE at FIVE: Royal Mail no longer, Credit Suisse solvency concerns, Watkin Jones profit warning and Legal & General meets collateral calls
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Credit Suisse faces pressure to raise cash amid solvency concerns
The Swiss banking giant faces a race against time to raise funds to address funding and solvency concerns.
Credit Suisse shares sink to record-low amid more capital raise rumours and reassurance talks with top investors
Its shares were changing hands 7.2% lower on the Swiss exchange on Monday afternoon, with the bank losing almost 60% of its market value in the year to date
Credit Suisse slumps to all-time low on cash call rumour
Since 2015, the bank has raised more than US$12bn in new capital.
Credit Suisse to sell its offshore trust businesses as restructuring starts
New chief executive Ulrich Körner announced the disposals as part of the Swiss bank's restructuring
Credit Suisse weighs slashing 5,000 jobs - report
Ulrich Koerner was appointed by Credit Suisse as its new chief in July, tasked with scaling back investment banking and cutting costs by more than US$1bn
Credit Suisse to appeal cocaine cash laundering conviction
The ruling is seen as a test case for prosecutors to take a tougher line against the country's banks
Credit Suisse on FCA watchlist due to concerns over culture
Credit Suisse has a "lack of curiosity" over the causes of its run of losses and scandals
State Street denies interest in buying beleaguered Credit Suisse
Asset manager State Street, which first declined to comment on the merger, later clarified it is not seeking to acquire or merge with Credit Suisse and market rumours are unfounded
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Credit Suisse upgrades Barclays
The FTSE 100-listed company’s share price rose 3.2% to 162.8p on Tuesday
Credit Suisse reportedly faces US$500mln payout after losing Bermuda court battle
The bank may have to pay in excess of US$500mln after the latest controversy
Credit Suisse sanguine about exposure to Russia; executive bonuses slashed after another year of scandals
Shed a tear for Credit Suisse executive board members who had one full year of variable compensation cancelled, equivalent to more than SFr40mln.
Credit Suisse rejects wrongdoing after fallout from data leak
Bank said New York Times said the leak covered more than 18,000 accounts collectively holding more than $100bn.
Ex-Lloyds boss Horta-Osorio departs Credit Suisse after Covid breaches
"I regret that a number of my personal actions have led to difficulties for the bank"