Credit Suisse issued a statement on Wednesday, revealing that it is expecting negative impacts on its first-quarter earnings due to the impact of its business in Russia and several litigation provisio...
Tag: Suisse
Tim Tu, CEO of Credit Suisse Securities in China Has Stepped Down
Tim Tu, the Chief Executive Officer (CEO) of Credit Suisse’s securities joint venture in China has stepped down. Tu will seek other opportunities in Credit Suisse. Daniel Qiu is currently acting as th...
Credit Suisse Warns of $500 Million Hit From Billionaire’s Lawsuit
Credit Suisse CS 0.49% Group AG is expected to pay around $500 million after losing a lawsuit brought by a Georgian billionaire who claimed the bank mismanaged his money. Credit Suisse has spent years...
Credit Suisse board member –
Crypto is not a major threat to fiat currency or the banking sector Blythe Masters is of the fact that we should remain skeptical of the industry The major promises of cryptocurrencies were discussed...
Crypto provider Bitcoin Suisse picks Atfinity to enhance AML/KYC setup » CryptoNinjas
Bitcoin Suisse, a Swiss crypto-finance and technology provider, announced today that it partnered with software company Atfinity to further enhance its AML (anti-money laundering) processes and stream...
Credit Suisse Expects $500M Hit from a Bermuda Lawsuit
Credit Suisse is facing another setback as the Swiss bank announced on Wednesday that a potential court judgment against one of its subsidiaries would force it to pay a total sum in excess of $500 mil...
Credit Suisse Names Christian Gellerstad to Succeed Severin Schwan, as VC
Credit Suisse announced that it has named Christian Gellerstad as successor to Severin Schwan as Vice-Chairman. Shared in a recent press release with Finance Magnates, Christian Gellerstad, an executi...
Credit Suisse Aims to Almost Halve Emissions Financing to Fossil Fuels
Credit Suisse, which is the second-largest bank in Switzerland, has said on Thursday that it strives to have nearly halve emissions financing to fossil fuels by 2030. According to Reuters, Credit Suis...
Bitcoin (BTC) Will Benefit From War and Emerging Monetary Order, According to Credit Suisse Analyst
A Credit Suisse investment strategist says Bitcoin (BTC) will likely benefit from the current geopolitical turmoil. In a new analysis, Zoltan Pozsar says the world is witnessing a shift to a new monet...
Credit Suisse Has $914M Russian Exposure, Calls Its ‘Not Significant’
Credit Suisse, which is the second-largest bank in Switzerland, said that its net loan exposure to Russia at the end of 2021 was at CHF 848m ($914m). Additionally, the lender highlighted that its Russ...
Credit Suisse claims we are witnessing the birth of a “new world monetary order”
The Bretton Woods system was created after the massive economic devastation World War II caused. To save the global ethe conomy, 44 countries shook hands on the Bretton Woods, New Hemisphere, in 1944....
Bitcoin Will Benefit from New Monetary World Order, Predicts Credit Suisse
Credit Suisse – a Switzerland-based global investment bank – released a report yesterday predicting radical change to the global monetary system. Given western inflation dynamics and eastern geopoliti...
Credit Suisse Makes Structural Changes to Its Asset Management Business
Credit Suisse announced that it has made structural changes to Its Asset Management Business in effect from 1 April 2022. In a recent press release shared with Finance Magnates, Colin Fitzgerald, who ...
Data Leak Shows Credit Suisse Welcomes ‘Rogues’ Gallery of Criminals, Dictators and Spies
A data leak at Credit Suisse has revealed the kind of customers the Swiss bank is happy to do business with. Among the many customers the bank has catered for are organized crime bosses, dictators, co...
Credit Suisse faces fresh scrutiny over culture after client data leaks
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters LONDON — Credit Suisse is facing fresh scrutiny from Swiss regulators an...
Credit Suisse shady clients: Controversial data leaked
Swiss bank secrecy regulations have shielded Credit Suisse from having to reveal if it was financing criminal activity, which is in marked contrast to the openness provided by blockchain technology. A...
Bitcoin Bad? Leaked Documents Allege Credit Suisse Operated Accounts of Criminals
Recently leaked documents allege that the giant private bank Credit Suisse had held hundreds of billions of dollars of clients alleged or involved in drug trafficking, corruption, torture, money laund...
Credit Suisse Leak Exposes Financial Foul Players – crypto.news
A massive Credit Suisse leak has exposed dirty players, including corrupt politicians who own over 80B Euros in the Swiss bank. A whistleblower leaked the bank’s data to expose immoral banking practic...
Credit Suisse data leak reveals decades of shady clients and activity
Leaked data shows that until recently, Swiss bank Credit Suisse held accounts valued at more than $100 billion for sanctioned individuals and heads of state reportedly accused of money laundering. The...
Massive Credit Suisse leak reportedly reveals possible criminal ties among 18,000 accounts
A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse was scrambling Su...
Credit Suisse Vice Chair Severin Schwan Faces Re-election Opposition from Shareholders
Severin Schwan, the Vice Chairman of Credit Suisse investment bank, is facing opposition from some major shareholders who are against his re-election bid to the Board of the Swiss bank in April, Reute...
Credit Suisse AML Lawsuit Will Determine Future of Swiss Banking Rules
The trial of Credit Suisse in Switzerland court for allowing a Bulgarian drug trafficker to launder illicitly gained money has started on Monday. It is the first criminal trial of a Swiss bank and the...
Robinhood, Bitcoin, Credit Suisse, XTB: Editor’s Pick
With the first week of February almost over, let’s take a look back at the news stories that dominated the worlds of Forex, Fintech, and Crypto in our best of the week segment. Robinhood Shares ...
Credit Suisse Appoints Michael Bonacker as Bank’s Vice Chairman
Credit Suisse, a global investment bank based in Switzerland, has today announced the appointment of a senior Oliver Wyman adviser, Michael Bonacker, as the bank’s vice chairman of investment banking ...
Credit Suisse to Face Class-Action Lawsuit in the US for FX Rigging
Credit Suisse is going to face a class-action lawsuit brought by investors in the United States for foreign exchange (forex) rigging as a New York court judge refused the bank’s appeal for the dismiss...
Credit Suisse Launches New Wealth Management Structure
On Monday January 31, Credit Suisse Wealth Management division, in line with its new management structure to revamp its business areas for Europe and Latin America, announced the appointment of Christ...
Tesla stock ‘checks all the boxes,’ soars 8% after Credit Suisse upgrade
Tesla (TSLA) stock soared 8% on Monday on the heels of an upgrade from analysts at Credit Suisse. Shares of the electric vehicle giant are at an attractive entry point and “checks all the boxes...
Tesla climbs more than 10% on Monday after Credit Suisse upgrade
A Tesla mobile service vehicle outside a dealership in Vallejo, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Shares in electric vehicle maker Tesla climbed...
Credit Suisse to Defend $45M Penalty Order in Swiss Court
Swiss federal prosecutors are seeking around 42.4 million Swiss francs ($45 million) in penalties from Credit Suisse for its involvement in serious anti-money laundering breaches. The trial against th...
Credit Suisse Onboards Robery Huray as SE Asia Investment Banking Vice-Chairman
Credit Suisse announced that it has onboarded Robery Huray as its South East Asia Investment Banking Vice-Chairman, effective January 2022. Finance Magnates recently learned from a press release that ...
Empty Private Jet Flights Hastened Credit Suisse Chairman António Horta-Osório’s Downfall
After relocating to Zurich last spring to run Credit Suisse Group AG CS -1.83% as chairman, António Horta-Osório flew to London and Lisbon for work meetings and business events, then spent time with h...