Workers pass a Credit Suisse Group AG bank branch in Geneva, Switzerland, on Thursday, Sept. 1, 2022. Jose Cendon | Bloomberg | Getty Images Credit Suisse on Thursday announced that it will delay the ...
Tag: Suisse
Is it the new Credit Suisse?
Adidas (ETR: ADS) share price pulled back on Wednesday amid rising concerns about the company. The firm slashed its dividend and warned of a tough road ahead toward recovery. It dropped to a low of €1...
Liquid Collective launches on Coinbase Prime and Bitcoin Suisse
Software development company Alluvial launched Liquid Collective, an enterprise-grade liquid staking protocol, on Coinbase Prime and Bitcoin Suisse. Customers of the institutional crypto platfor...
The Future of Credit Suisse is Doubtful: Harris Associates
Credit Suisse has been abandoned by one of its shareholders, Harris Associates. Harris Associates divested its entire stake in the financial institution after observing continuous losses and clients’ ...
Embattled Swiss Banking Giant Credit Suisse Loses One of Its Major Backers
Zurich-based financial powerhouse Credit Suisse plans to improve its operational outlook after losing one of its biggest backers. Credit Suisse recently lost one of its most significant backers after...
The loss of a major shareholder delivers another blow to Credit Suisse
Stakes are changing hands. Once Credit Suisse’s largest shareholder, Harris Associates no longer holds any stock in the Swiss bank, which warned of losses for this year and witnessed unprecedented cli...
Top Shareholder Sold Out of Credit Suisse Over the Past 3 to 4 months
(Bloomberg) — Harris Associates stock picker David Herro sold the firm’s entire stake in Credit Suisse Group AG, ending ties with the bank after about two decades of ownership and piling further...
Credit Suisse stock rude wake-up call as challenges remain
Credit Suisse (NYSE: CS) stock price remains under intense pressure amid wealth management outflows and a lack of investor confidence. Harris Associates, one of the biggest investors, sold its stake i...
Credit Suisse ‘seriously breached’ obligations in Greensill case
The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Credit Suisse “seriously breached its supervisory obligations” in the ...
Credit Suisse Chairman’s Outflow Claims Probed, Reuters Says
(Bloomberg) — Switzerland’s financial regulator is reviewing comments that Credit Suisse Chairman Axel Lehmann made in December on outflows from the company having stabilized, on the basis that ...
Credit Suisse friendly towards crypto
Swiss investment bank, Credit Suisse, is investing in the cryptocurrency world. In a $65 million fundraising run by the company Taurus, Credit Suisse provides the largest contribution. Credit Suisse’s...
‘Landmark Transactions’ To Come After Credit Suisse Deal, Taurus Exec Says
Crypto infrastructure provider Taurus is gearing up to open offices in Paris and Dubai — and boost its engineering team via incoming capital from two prominent banks. The plans come after Credit...
Credit Suisse Exits Distressed-Debt Trading in Risk Pullback
(Bloomberg) — Credit Suisse Group AG is exiting distressed debt and special-situations trading, as part of its broader exit from risky and capital-intensive businesses. Most Read from Bloomberg ...
Swiss Crypto Company Taurus Raises $65 Million From Credit Suisse, Other Banks – Finance Bitcoin News
Digital asset infrastructure provider Taurus has secured millions of U.S. dollars in investment from major banking institutions. The successful funding round comes in the aftermath of negative develop...
Crypto Firm Taurus Completes $65 Million Funding Round Led by Credit Suisse, Deutsche Bank
Taurus SA – a Swiss entity that provides an infrastructure to issue, custody, and trade cryptocurrencies – raised $65 million to improve its platform and expand internationally. Major monetary instit...
Credit Suisse leads $65 million Series B in digital asset firm Taurus
Taurus SA, a Switzerland-based digital asset infrastructure company focused on servicing financial institutions in Europe, raised $65 million in a Series B funding round. Credit Suisse, Switzerl...
Six numbers that show why Credit Suisse has little leeway
It has been a year since Axel Lehmann took over as chair of accident-prone Credit Suisse and about half that since Ulrich Körner became chief executive. But they have yet to stem the problems at Switz...
Credit Suisse CEO Fights on All Fronts as He Faces Lost Year
(Bloomberg) — When Ulrich Koerner unveiled a plan to salvage Credit Suisse Group AG in October, the chief executive officer promised to create a new bank. His subsequent failure to reverse a sta...
Credit Suisse reports ‘completely unacceptable’ numbers for its Q4
Credit Suisse Group AG (NYSE:CS) is trading down on Thursday after reporting another quarterly loss as net asset outflows climbed sharply to CHF 110.5 billion ($120.3 billion). Credit Suisse needs to ...
Tapestry, Credit Suisse, Disney and more
CNBC: Coach Store Harry Reid International Airport A Coach store inside Harry Reid International Airport. Check out the companies making the biggest moves in premarket trading: Tapestry — The company...
Wealthy clients pulled more than $100 billion from Credit Suisse in the fourth quarter
Beleaguered Swiss banking giant Credit Suisse on Thursday revealed that wealthy clients pulled 92.7 billion francs ($101 billion) out of the bank in the fourth quarter. Credit Suisse said two-thirds o...
Credit Suisse posts massive annual loss as ‘radical’ restructure gets underway
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse’s restructuring plans include the sale of part of th...
Credit Suisse Says These 2 Stocks Could Surge Over 30% From Current Levels
It’s become mainstream to predict a recession this year. The Federal Reserve is on a steady path of interest rate increases – the latest was a 25-basis point hike announced today – to fight inflation,...
Credit Suisse Reportedly Assigns Zero Lending Value To Adani Group Bonds Following Hindenburg Allegations
Topline Credit Suisse has assigned zero lending value for bonds issued by Adani Group’s listed subsidiaries, Bloomberg reported on Wednesday, a move that will deepen concerns for the beleaguered India...
Bitcoin Suisse: the regulation of the sector
Bitcoin Suisse, through the words of its president, explains what will be the path taken by European regulators towards cryptocurrencies Speaking at the microphones of CoinDesk TV is Luzius Meisser, ...
Bitcoin Suisse to offer Ethereum Liquid staking for Swiss Market and joins Liquid Collective
Leading Swiss crypto platform Bitcoin Suisse joined Liquid Collective to offer Ethereum liquid staking on its platform. Its clients will be able to stake Ethereum through Liquid Collective and w...
Credit Suisse CEO says ‘money is coming back into the firm’
Credit Suisse Group AG (NYSE: CS) is executing well on the strategic overhaul that it announced in the final quarter of 2022, says Ulrich Koerner – Chief Executive of the Wall Street bank. Highlights ...
Credit Suisse Set to Cut 10% of European Investment Bankers: FT
(Bloomberg) — Most Read from Bloomberg Credit Suisse is planning to cut more than 10% of its European investment bankers this year, adding to hundreds of job losses in London and Zurich, the Fin...
Credit Suisse to delay publication of 2022 annual report on SEC comments
Credit Suisse Group AG said Thursday that it will delay the publication of its 2022 report after a late call from U.S. market regulators over 2019 and 2020 cash-flow statements, adding a further heada...