Credit Suisse faces anger at final shareholder meetingTuesday's shareholder meeting marks an ignominious end for the 167-year-old flagship bank founded by Alfred Escher, a Swiss magnate affecti...
04 Apr, 2023, 01.38 PM IST
UBS tells employees: Don't divulge business secrets to your Credit Suisse colleaguesUBS hasn’t detailed how many jobs may be at stake from the merger, though it indicated the number will be significant. The firm said in a s...
20 Mar, 2023, 10.03 PM IST
The one big winner and many losers of UBS’s Credit Suisse rescueCredit Suisse’s chief executive officer Ulrich Koerner, AT1 Bondholders, Credit Suisse’s Top Shareholders, and even the Swiss government it...
20 Mar, 2023, 04.44 PM IST
Explainer-Credit Suisse: How did it get to crisis point?Credit Suisse Group AG is in a critical situation as it enters a make-or-break weekend. The Swiss lender was thrown a $54 billion lifeline ...
18 Mar, 2023, 03.37 PM IST
Credit Suisse sued by US shareholders over finances, controlsThe proposed class action accuses Credit Suisse of deceiving investors by failing to disclose that it was suffering from "significant" cust...
17 Mar, 2023, 12.47 AM IST
Credit Suisse CEO tells staff to focus on facts amid turmoil -memoThe bank would continue to focus on the transformation of Credit Suisse from a position of strength, citing an improved liquidity coverage ...
16 Mar, 2023, 02.11 PM IST
Credit Suisse more relevant than Silicon Valley Bank in India: JefferiesCredit Suisse is of greater importance to the Indian banking sector than Silicon Valley Bank, which is in the process of collapsing. The fa...
16 Mar, 2023, 12.35 PM IST
Credit Suisse CEO said bank's liquidity basis is "very very strong"Earlier, Credit Suisse's largest shareholder, Saudi National Bank, said it would not buy more shares in the Swiss bank on regulatory ground...
15 Mar, 2023, 07.50 PM IST
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...
14 Mar, 2023, 02.13 PM IST
Credit Suisse CEO fights on all Fronts as he faces lost yearCredit Suisse lost an unprecedented 111 billion Swiss francs ($120 billion) worth of assets during the three final months of last year, mos...
11 Feb, 2023, 10.44 PM IST
Indices dip 1% on oil, global signalsA rebound in oil prices ahead of the meeting of the world's top oil producers on Wednesday also soured sentiment, with the Nifty closing be...
04 Oct, 2022, 05.54 AM IST
Credit Suisse at ‘critical moment’ as bank prepares for latest overhaul: CEOIn the second carefully-worded memo sent to reassure staff in as many weeks, Koerner told employees not to confuse the “day-to-day” stock p...
04 Oct, 2022, 12.38 AM IST
Credit Suisse shares slip despite moves to soothe investor concernsSwiss regulator FINMA and the Bank of England in London, where the lender has a major hub, were monitoring the situation at Credit Suisse a...
03 Oct, 2022, 07.39 PM IST
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...
03 Oct, 2022, 06.33 AM IST
Credit Suisse appoints Dixit Joshi as new CFO, Francesca McDonagh as COOFrancesco De Ferrari, who remains head of the Wealth Management division, is also appointed CEO of the Europe, Middle East and Africa (EMEA...
22 Aug, 2022, 12.09 PM IST
Credit Suisse names new CEO as losses widenKoerner previously worked at Credit Suisse in different roles between 1998 and 2009 after which he worked at rival bank UBS between 2009 an...
27 Jul, 2022, 11.58 PM IST
Credit Suisse, under regulatory scrutiny, rejigs asset managementIn its annual report, the lender said Swiss regulator FINMA was one watchdog looking into the matter, and was reviewing it in relation to t...
18 Mar, 2021, 01.06 PM IST