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Credit Suisse's troubles - spies, money laundering and takeoverSwitzerland's UBS has agreed to buy rival Credit Suisse for 3 billion Swiss francs in stock in a shotgun merger engineered by Swiss authori...
Credit Suisse shares soar 40% after central bank lifelineThe Euro Stoxx Banks Index climbed 3.5% at 9:09 a.m. in Paris after tumbling 8.4% Wednesday, the most since March 2020, on mounting concern...
Credit Suisse flags 'material weaknesses' in reporting, outflows not reversedCredit Suisse has identified "material weaknesses" in its internal controls over financial reporting, which has led to a reassessment of it...
Credit Suisse flags 'material weaknesses' in financial reportingCredit Suisse released its delayed annual report on Tuesday in which it identified "material weaknesses" in its internal controls over fina...
Credit Suisse says outflows have stabilized but not reversedBattered by a string of scandals, the bank saw a sharp acceleration in customer withdrawals in the fourth quarter, with outflows of more th...
CS CEO seeks to calm Street as default swaps near 2009 rangeKoerner's memo was the second straight Friday missive as speculation over the beleaguered bank's future increases. Analysts at KBW estimate...
LME nickel surge puts clearing houses in the spotlightThe LME, which clears all trading of its metals contracts, said on Friday it was raising margin requirements for nickel contracts by 12.5% ...
Hedge fund fallout wipes over $9 bn from market value of Credit Suisse, NomuraThe bank's market capitalisation has shrunk by five billion Swiss francs since Friday to 25.57 billion Swiss francs ($27.12 billion). Sourc...
A 'No' vote means probability of a Grexit would rise to 75%: Credit SuisseA 'No' vote means that the probability of a Grexit would rise to 75 per cent, Credit Suisse said in a report released today.
51% FDI in insurance would be better: Jean-Marc Pillu, CEO, CofaceCoface has been present in India since February 2001 through its subsidiary Coface India Credit Management Services.
- Why Greece election is important for the world?
The outcome in Athens can impact a BPO employee in Bangalore and a Wall Street banker in nearly the same way.
ECB's manoeuvring on Greek debt leaves much to be desired, and to be explainedGermany insists on a deep restructuring for bondholders, whereas the ECB insists that any debt restructuring must be voluntary.
Lloyd's of London pulls out of European banks amidst fear of worsening debt crisisLloyd's, which holds about a third of its £2.5 billion of central assets in cash, has stopped depositing money with some banks in Europe's ...
- Indian banks put bond issues on hold
The turmoil in the international market has made it difficult for Indian banks to raise money overseas.
- Germany, France may have to bail out entire euro nations in distress
Germany and France may be forced to contemplate the bailout of entire nations rather than just individual banks as European government budg...
- Buffett bails out Swiss Re with $2.6 bn investment
Swiss Reinsurance Co, the world’s second-biggest reinsurer, turned to Warren Buffett’s Berkshire Hathaway Inc for 3 bn Swiss francs ($2.6 b...
- Swiss insurers feeling financial whiplash
After battering the banking sector, the global financial crisis is lashing Switzerland's venerable insurance companies, which showed their ...