Page 8 - Credit Suisse

Credit Suisse considers splitting investment bank in three: Report

Under proposals to the board, the bank is looking to sell profitable units such as its securitised products business to prevent a damaging capital raise, the report said

Global wealth up 9.8% YoY at $463.6 trn in 2021; India, China lead the way

India, Credit Suisse said, saw a 12 per cent year-on-year (YoY) rise in total household wealth in 2021 to $14,225 billion

Credit Suisse retains 'outperform' on IndusInd Bk on robust growth outlook

IndusInd Bank emerged as the top Sensex gainer in Friday's early deals, with the shares surging 3.5 per cent to Rs 1,147 per share on the BSE

Credit Suisse looking at cutting around 5,000 jobs in cost drive: Report

Credit Suisse in July named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 bn in costs

Equities turn unattractive for Credit Suisse; cuts rating to underweight

Markets, Credit Suisse said, had factored in excessive hope and not enough economic realities ahead of the Jackson Hole Symposium

Correction likely after a sharp run; buy on dips: Credit Suisse Wealth Mgmt

The recent 'hope rally' in Indian markets was mostly led by a presumption that global central banks, especially the US Fed, may go slow on rate hikes in the rest of 2022 as the inflation cools off.

Credit Suisse names Dixit Joshi chief financial officer, replaces Mathers

Joshi will take over on October 1

Credit Suisse dispute: How SpiceJet came close to getting wound up

SpiceJet has reached an out of court settlement with Swiss bank Credit Suisse over payment of dues

Have settled dispute: SpiceJet, Credit Suisse tell Supreme Court

The Swiss firm had filed a plea in the high court against the airline for non-payment of over $24 million towards maintenance, repairing, and overhauling of aircraft engines and components in 2013

SpiceJet, Credit Suisse AG resolve financial dispute, inform SC

Low cost airline SpiceJet and Swiss firm Credit Suisse AG on Thursday told the Supreme Court they have resolved their financial dispute. The apex court then permitted SpiceJet to withdraw its appeal against a Madras High Court verdict ordering that the airline be wound up on account of alleged non-payment of dues to Credit Suisse AG. "There is a settlement which has taken place on May 23, 2022 as per the consent terms. In view of it, both the parties are satisfied with the settlement and want to withdraw the SLP (special leave petition) filed by the petitioner. "Accordingly, the application is allowed," an apex court bench comprising Chief Justice N V Ramana and Justices Hima Kohli and C T Ravikumar said in the order. The parties, it said, are directed to abide by the consent terms. "It is noted that some amount was deposited in the Madras High Court in pursuance of the order of Madras High Court. Parties are at liberty to make an application for release of the money," the court ..

Credit Suisse in revival mode, may cut thousands of jobs globally

The bank, which began trimming front line roles in Asia last month, is mulling an aggressive plan to reduce its headcount, which stood at 51,410 at the end of June

Credit Suisse posts $1.6 bn loss in fresh blow to recovery, names new CEO

The bank saw net outflows of 7.7 billion francs as clients traded less and cut risk in response to gyrating equity markets

Credit Suisse considers fresh round of job cuts as losses mount: Report

Discussions among the board of directors and management about a large cost savings package have reached an advanced stage

Sensex at 85,000; Nifty at 25,000 by 2024? It's very much possible

However, for the markets to achieve this ambitious target, a number of variables at the fundamental level first need to fall into place to complete the jigsaw puzzle

Markets should be able to withstand inflation up to 8%: Credit Suisse

The key risks to India's economy, and thus the markets, stem from crude oil prices and a worsening balance-of payment situation, Credit Suisse analysts said

Indian stocks set to post their worst half-year performance in two years

Among sectors, the largest decline was seen in metal & information technology (IT) stocks, while relative outperformance was seen in auto counters

Credit Suisse fined over $2 mn for facilitating cocaine cash laundering

A Swiss court on Monday said it has fined Credit Suisse more than $2 million for failing to prevent money laundering linked to a Bulgarian criminal organization a decade-and-a-half ago

Credit Suisse found guilty by Swiss court in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial; Credit Suisse said the case arose from a investigation that dated back more than 14 years

Credit Suisse CEO calls queries over State Street takeover 'really stupid'

Gottstein said on Thursday no joint venture or strategic option was on the table for the business, adding asset management remained a key division for Credit Suisse.

Credit Suisse stock falls 7.6% after warning of third straight loss

Shares of the troubled Swiss lender fell as much as 7.6% in Zurich trading after warning that results in the second quarter were impacted by clients pulling back, particularly in Asia