The conventional wisdom is saying that after the high inflation and severe market losses of 2022, we’re in for a rough ride going forward. But there are always contrarian voices, giving alternate opin...
Tag: Suisse
Credit Suisse – A ‘New Company Is Emerging,’ Says BofA While Upgrading Stock
BofA Securities upgraded Credit Suisse Group AG (NYSE: CS) to Buy from Neutral with a CHF 3.60 price target suggesting more than 20% upside potential. BofA analyst sees the rebuilding of Credit Suisse...
Credit Suisse Raises $4.3 Billion Capital After Wild Ride
(Bloomberg) — Credit Suisse Group AG completed a 4 billion-franc ($4.3 billion), two-pronged capital increase, giving Chief Executive Officer Ulrich Koerner the funds needed to embark on a compr...
Credit Suisse Rises on Report of Saudi Crown Prince Interest
(Bloomberg) — Credit Suisse Group AG shares rose as much as 7.5% on reports that Saudi Arabian Crown Prince Mohammed bin Salman is preparing to invest around $500 million in the bank’s planned i...
Saudi Crown Prince to Invest in Credit Suisse Unit, WSJ Reports
(Bloomberg) — Saudi Arabia’s Crown Prince Mohammed bin Salman is preparing to invest in Credit Suisse Group AG’s investment bank, the Wall Street Journal reported. Most Read from Bloomberg Princ...
Credit Suisse Shares on Worst Run Since 1989 as Losses Deepen
(Bloomberg) — Credit Suisse Group AG’s losing streak took the stock closer to the price that the Swiss lender is pitching to investors in a crucial capital raise, increasing risks that underwrit...
Credit Suisse Comeback Challenge Seen in Three Charts of Woe
(Bloomberg) — Credit Suisse Group AG is struggling to restore confidence in its battered brand, with investors so far showing little optimism that last month’s strategy revamp will succeed after...
Credit Suisse Shares Are Having Their Worst Run in 11 Years
(Bloomberg) — Shares in troubled Swiss lender Credit Suisse Group AG slipped as much as 5.4% on Monday, hitting a fresh record low and putting them on track for their longest losing streak since...
Credit Suisse Hits New Low as Investors Weigh Outflow Damage
(Bloomberg) — Credit Suisse Group AG fell to a fresh record low as investors weighed the impact of the massive outflows the bank reported this week and news that rivals in the key growth market ...
Rich Asians Not Crazy About Credit Suisse Worries
Singapore’s iconic promenade and skyline. ROSLAN RAHMAN/AFP via Getty Images Singapore has a message for those betting 2023 will be a better year for the global economy: not so fast. On Wednesda...
Credit Suisse slipped to an all-time low on Wednesday: explore why
Credit Suisse Group AG (SWX: CSGN) is trading down on Wednesday after the struggling lender said it could lose as much as $1.60 billion in its fourth financial quarter. Credit Suisse continues to wres...
Credit Suisse shareholders greenlight $4.2 billion capital raise
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse shareholders on Wednesday approved a 4 billion Swiss franc...
Credit Suisse projects $1.6 billion fourth-quarter loss
Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected a 1.5 billion Swi...
Blackstone shares fall on Credit Suisse downgrade to underperform
Blackstone Inc. BX, -2.28% shares fell 2.5% on Tuesday after Credit Suisse downgraded the alternative investment manager to underperform from neutral and cut its price target to $67.50 a share from $8...
Credit Suisse Says AbbVie’s Humira Patent Cliff Could Provide Momentum to Boost Growth
Credit Suisse has initiated coverage on AbbVie Inc (NYSE: ABBV) with an Outperform rating and a price target of $170. AbbVie stands on the edge of best-selling Humira’s U.S. loss of exclusivity (LOE) ...
Credit Suisse sells most of its securitized products business to Apollo as it speeds up restructure
Credit Suisse on Tuesday announced that it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group (SPG) to Apollo Global Management....
Credit Suisse shares are a ‘steal,’ say new Saudi backers SNB
The chairman of one of Credit Suisse’s newest and biggest shareholders called on the beleaguered bank to deliver a swift overhaul and return to a “very stable, conservative Swiss banking p...
Is Credit Suisse a Canary in the Financial Industry Coal Mine?
Really seeing the deeper limits of high finance, though, requires attention to the relationship between speculation and crisis. Entities like Suisse and Deutsche that try to “break in” to mergers advi...
Credit Suisse to Layoff 9,000 Employees and Raise $4 Billion
Credit Suisse plans to cut 9,000 jobs and raise $4 billion in additional capital as it faces stock price declines and fallout from significant scandals. Credit Suisse will cut 2,700 jobs by the end he...
Credit Suisse stock lost another 20% this morning: detailed here
Credit Suisse Group AG (SWX: CSGN) lost another 20% on Thursday after reporting a massive loss for its fiscal third quarter and announcing a significant strategic overhaul. Details of the announced ov...
Credit Suisse is about to unveil its restructuring plan. Here’s what to watch.
Besieged Swiss lender Credit Suisse has been racing to finalize asset sales to help pay for its much-anticipated strategic overhaul, set to be unveiled on Thursday. The pressure is on new CEO Ulrich K...
Credit Suisse Slashes Assets and Staff; Deutsche Bank Faces Fresh Crisis
Credit Suisse is planning to decimate its workforce and sell off key assets as the institution attempts to emerge from a period of financial distress, and Deutsche Bank is being sued by an employee. C...
Fed Swaps $9 Billion to Swiss National Bank, Bail Out For Credit Suisse? – Trustnodes
The Federal Reserve Banks have extended $6.3 billion to the Swiss National Bank through the Dollar Liquidity Swap line. That’s after swapping $3.1 billion last week, with Credit Suisse announcing shor...
What Credit Suisse and Three Arrows Capital Have in Common
3AC was considered the most important fund in crypto, while Archegos was just one of many in TradFi. However, there are a few parallels between the firms worth noting. First, the numbers are shockingl...
Credit Suisse Extends Rally as Bidders Line Up for Key Unit
(Bloomberg) — Credit Suisse Group AG shares extended their rally to a third day after Bloomberg News reported that bidders are lining up for the bank’s securitized products unit, a key pillar in...
Credit Suisse CEO Tries to Shield Employees from the Storm
Reassuring internally and externally. This is the mission that Ulrich Körner set for himself at a time when Credit Suisse, founded in 1856, is going through one of the most difficult and painful perio...