ZURICH (Reuters) – Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam personally traveled to Saudi Arabia to use for a banking license, he stated on Tuesday, confirming Reuters info the Swiss financial institution is seeking a full banking license within the Middle East’s largest financial system. Tidjane Thiam, CEO, Credit Suisse Group AG, speaks on the […]
The remnant of Lehman Brothers Holdings Inc. has settled a $1.2 billion derivatives lawsuit with Credit Suisse Group AG, wrapping up one of many final remaining massive authorized battles involving the failed funding financial institution almost a decade after its collapse. Creditors will recuperate about $280 million on Credit Suisse’s derivatives claims towards Lehman, based […]
ZURICH (Reuters) – Credit Suisse nonetheless has work ahead after making good progress in the direction of attaining targets set for a three-year turnaround, Chairman Urs Rohner informed the group’s annual basic assembly on Friday. FILE PHOTO – CEO Tidjane Thiam websites beside Chairman Urs Rohner of Swiss financial institution Credit Suisse as he addresses […]
ZURICH (Reuters) – Credit Suisse delivered its best quarterly outcomes on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland’s second-biggest financial institution in 2016, pushed by its wealth administration enterprise. After 6.6 billion Swiss francs ($6.7 billion) of losses in 2015 and 2016, and an enormous tax writedown that worn out […]
ZURICH (Reuters) – Activist investor RBR Capital Advisors, which final yr referred to as for Credit Suisse to be damaged up, does not maintain any registered shares in the financial institution, each events stated on Wednesday. The emblem of Swiss financial institution Credit Suisse is seen at a department in Winterthur, Switzerland November 2, 2017. […]
GENEVA (Reuters) – Former Credit Suisse shopper adviser Patrice Lescaudron was sentenced to 5 years imprisonment by a Geneva courtroom on Friday for abusing the belief of shoppers and setting up a fraudulent scheme that introduced him tens of hundreds of thousands of francs. Lescaudron, who’s French, appeared in courtroom for the decision sporting a […]
In cooperation with Bitcoin Suisse AG, a regulated Swiss monetary middleman, service supplier and asset supervisor that focuses on crypto-assets, Swiss personal banking establishment Falcon Private Bank will increase its blockchain asset administration providers by including ether (ETH), litecoin (LTC) and Bitco… The submit Falcon Private Bank, Bitcoin Suisse to offer ETH, LTC, BCH to […]
The financial institution stated it will retain full possession of its Swiss common financial institution and increase further capital via a share sale because it continued restructuring. SOURCE: NYT > DealBook – Read complete story here.