Gupta, who was head of equity research for India at Credit Suisse, left the Zurich-based bank last November after a 14-year stint
The Swiss bank was ordered to take remedial measures by Finma, which include a periodic executive board level-review of the most important business relationships for counterparty risks
Global equities have delivered 5% annualised returns versus 1.7% for bonds since 1900
While withdrawals were concentrated in a hectic two-week period in October, the full scale of the exodus - 110.5 billion francs - still surprised analysts
The Swiss lender's private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy and Adani Electricity Mumbai Ltd
Most independent directors who quit do not explain why they are leaving before the end of their terms
Scheme is skewed towards assembly-based operations for attaining peak revenue targets, but they make the least capex investment
Credit Suisse expects domestic earnings to grow 15 per cent over the next one year and market returns could be in line with that
India is growing faster than what is captured by the country's official data, and it presents a case for an upgrade of equities outlook, a Swiss brokerage said on Thursday. Upgrading Indian equities to 'benchmark' from 'underweight', Credit Suisse said there is a scope for a growth of up to 14 per cent on the benchmark indices. The brokerage firm's head of research Neelkanth Mishra said the country will grow at 7 per cent in FY24, as against the consensus estimates which peg the real growth to slip below 6 per cent. Mishra told reporters that the consensus estimates are based on official data alone, whereas the brokerage analysis has taken into account a broad data set to arrive at its expectation. Mishra said the growth in dense fuels -- which is typically below the real GDP growth as fuel efficiencies go up -- is over 4 per cent per annum for the last three years. Similarly, revenue growths of the BSE500 companies also point out to a faster growth, he said. "We are expecting a
Sensex declines in 4 out of 5 sessions in the week, Nifty50 in 3 sessions
Indian IT valuations, the brokerage and research house argues, are at large premium to history despite material correction from the top
Credit Suisse rose as much as 6.9% in Zurich trading, putting the stock on course to end a record 13-day losing streak, as the comments calmed investors
Higher-rates-for-longer theme triggered significant derating this year
The profit warning is a blow for the bank which had previously said it expected to make a net loss during the last three months of the year but did not give a figure
Credit Suisse has laid off about one-third of its China-based investment banking team and nearly half of its research department
Gupta's sprawling group of metals firms, gathered under a loose umbrella called GFG Alliance, were pushed to the brink when Greensill collapsed in March 2021
The pause generally doesn't apply to teams working on future devices and long-term initiatives, but it affects some corporate functions and standard hardware and software engineering roles
Investors have wiped about $7 billion off Saudi National Bank's market value amid growing concern over the lender's plans to purchase a stake in Credit Suisse Group AG
S&P cut its rating one notch to BBB- and reduced its view on main operating unit Credit Suisse AG
With its share price slumping by more than half this year, the 166-year-old institution has been vulnerable to rumors of takeover bids and concerns over its stability