Credit Suisse Denied $515M Claim Linked To Fraudulent Adviser
Credit Suisse (CSGN.S) on June 19 denied an allegation by Russian businessman Vitaly Malkin for 500 million francs ($515.62 million) he tied to a former client adviser at the bank ...
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Tag: Credit Suisse
7 Of The Global Leading Banks Launch Octaura
Bank of America and Citi have joined JP Morgan, Credit Suisse, Morgan Stanley, Moody’s Analytics, Goldman Sachs, and Wells Fargo to launch an independent company, Octaura. Octaura’s primary goal is ...
Credit Suisse Put On UK Watch List For Keen Supervision – Financial Times
The UK's Financial Conduct Authority (FCA) has added Credit Suisse (CSGN.S) to a watchlist of institutions in need of strict monitoring, the Financial Times reported late on June 12, referring ...
Credit Suisse Considers New Round Of Job Cuts After Forecasting Loss
The bank is trying to reduce risk and relocate resources to wealth management. Credit Suisse is considering a fresh round of job cuts, as part of an extended push to ...
Switzerland Changes Liquidity Rules For Systemically Important Banks
The Swiss government on June 3 declared new rules for the country’s top five banks, requiring that they improve their liquidity to better get through events such as the COVID-19 ...
Credit Suisse Group Rating Lowered By S&P
Credit Suisse Group AG's (CSGN.S) credit rating has been lowered to BBB from BBB+ by Standard & Poors, a setback for the Swiss bank which posted a first-quarter loss and ...
Credit Suisse Denied Malpractice After Client Data Leaked
After dozens of media outlets published results of coordinated, Panama Papers-style investigations into a leak of data on thousands of accounts held at the bank in past decades, Credit Suisse ...
Credit Suisse Faces Money Laundering Charges In Bulgarian Cocaine Traffickers Case
On February 7, charges of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases were leveled against Credit Suisse in a ...
Uproar Increase Against Credit Suisse After Chairman Leaves Abruptly
Summary Chairman Antonio Horta-Osorio apologizes for personal actions Quits within one year after taking charge Bank appoints former UBS executive Axel Lehmann as chairman Lehmann says the bank's strategy is ...
Lloyds Benefits From Mortgage Boom As Its Profits Double To £2bn
The Covid ‘race for space’ and increase in demand for larger homes helped Lloyds Group. In the three months to September, Lloyds Banking Group doubled its profits, helped by a ...