Trends - Credit Suisse - Business Recorder

Credit Suisse

Westpac to raise $488 million in additional Tier 1 capital

SYDNEY: Westpac Banking Corp, Australia’s third largest bank by market capitalisation, said on Monday it would raise...

Published 20 Nov, 2023 10:16am

Business & Finance

UBS posts bigger loss than expected as it absorbs Credit Suisse

ZURICH: UBS on Tuesday posted a larger-than-expected loss in the third quarter as it integrates Credit Suisse...

Published 07 Nov, 2023 01:52pm

Business & Finance

UBS to cut Credit Suisse investment bank staff in Spanish overhaul

ZURICH: UBS is cutting nearly half of the staff it inherited from Credit Suisse in Spain in the latest restructuring...

Published 25 Oct, 2023 08:13pm

Markets

Credit Suisse expects Q3 loss of $1.6bn from reclassifying loans

ZURICH: Credit Suisse expects to make a third quarter loss of about $1.6 billion from reclassification of loans...

Published 29 Sep, 2023 10:12am

World

India court warns SpiceJet of ‘drastic action’ if Credit Suisse dues unpaid

NEW DELHI: India’s top court on Monday directed SpiceJet to pay $1.5 million in a case related to unpaid dues to...

Published 11 Sep, 2023 02:30pm

Business & Finance

UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts

ZURICH: Banking giant UBS said Thursday it plans to fully absorb Credit Suisse’s century-old Swiss division and...

Published 01 Sep, 2023 05:41am

Business & Finance

UBS to cut more than 3,000 Swiss jobs as it integrates Credit Suisse

UBS will cut 3,000 jobs in Switzerland in the coming years as it integrates Credit Suisse, with further staff to go...

Published 31 Aug, 2023 01:08pm

Business & Finance

UBS posts $29bn profit, Credit Suisse $10bn loss amid merger

ZURICH: UBS posted a towering $29-billion net profit in the second quarter amid its takeover of fallen rival Credit...

Published 31 Aug, 2023 10:45am

Markets

UBS set to post first results since Credit Suisse merger

ZURICH: As UBS prepares to post earnings this week, investors and employees are eagerly awaiting clues as to how...

Published 29 Aug, 2023 11:23am

Business & Finance

UBS shuffles bank bosses in bid to better compete with Wall Street

LONDON/NEW YORK: UBS on Monday announced an overhaul of its investment banking division, including naming the...

Published 15 Aug, 2023 06:30am

Markets

Credit Suisse retail investors plan lawsuit challenging UBS buyout

Retail investors who lost money when Credit Suisse was taken over by UBS in March plan to file a lawsuit challenging...

Published 13 Aug, 2023 10:23am

Business & Finance

UBS no longer taking state aid for Credit Suisse takeover

ZURICH: Swiss banking giant UBS voluntarily put an end Friday to the state and central bank support that smoothed ...

Published 12 Aug, 2023 06:44am

Markets

UBS ends state guarantee granted over Credit Suisse rescue

ZURICH: UBS won’t need the government guarantee it secured to rescue failing rival Credit Suisse and has repaid...

Published 11 Aug, 2023 12:34pm

Markets

Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week

HONG KONG: Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts...

Published 07 Aug, 2023 10:55am

Business & Finance

Winners and losers likely as Switzerland absorbs Credit Suisse layoffs

ZURICH: Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade...

Published 03 Aug, 2023 05:26pm

Business & Finance

UBS fined $387m over Credit Suisse misconduct: US Fed

WASHINGTON: The Swiss banking giant UBS has been fined close to $400 million for misconduct by its recently-acquired...

Published 31 Jul, 2023 06:43am

Markets

Saudi National Bank Q2 net profit up 9%, beating estimate

DUBAI: Saudi National Bank (SNB) on Tuesday reported a 9.3% jump in net profit for the second quarter compared with...

Published 25 Jul, 2023 11:58am

Markets

Credit Suisse to lay off more than 40 employees in China securities unit

HONG KONG: Credit Suisse is set to launch a new round of layoffs which may impact more than 40 employees in one of...

Published 19 Jul, 2023 03:15pm

Life & Style

Netflix shielded from Hollywood strike by global crew, strong pipeline

Netflix investors will assess risks from the ongoing strike in Hollywood when the company reports quarterly results...

Published 18 Jul, 2023 04:35pm

Markets

UBS to retain EY as auditor after Credit Suisse takeover: FT

UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse’s accounts...

Published 16 Jul, 2023 12:11pm

Markets

Credit Suisse crash investigated by Swiss lawmakers

ZURICH: A rare Swiss parliamentary investigation due to start this week aims to establish what went wrong before the...

Published 11 Jul, 2023 01:46pm

Business & Finance

Saudi National Bank was denied taking 40pc Credit Suisse stake: report

VIENNA: Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was ...

Published 10 Jul, 2023 06:52am

Business & Finance

Saudi National Bank was denied taking 40% Credit Suisse stake: report

VIENNA: Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was...

Published 09 Jul, 2023 06:34pm

Business & Finance

UBS looks to axe 30pc of staff and keep Credit Suisse’s domestic business

ZURICH: UBS is weighing cutting tens of thousands of jobs following its emergency takeover of Credit Suisse, as the...

Published 03 Jul, 2023 06:04am

Markets

UBS to cut 35,000 jobs after Credit Suisse rescue: report

GENEVA: Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse – more than half its workforce – as part...

Published 28 Jun, 2023 02:32pm

Business & Finance

UBS embarks on ‘bumpy’ integration of Credit Suisse

ZURICH: UBS said on Monday that it had finalised the takeover of its former rival Credit Suisse, clearing the way ...

Published 19 Jun, 2023 06:54am

Markets

UBS embarks on ‘bumpy’ integration of Credit Suisse

ZURICH: UBS said Monday that it had finalised the takeover of its former rival Credit Suisse, clearing the way for a...

Published 12 Jun, 2023 11:14am

Business & Finance

UBS set to carve up Credit Suisse after takeover day

ZURICH: UBS is set to finalise the takeover of Credit Suisse on Monday, but the hardest part is yet to come: turning...

Published 10 Jun, 2023 11:32am

Markets

UBS agrees with Swiss government on Credit Suisse loss guarantee

ZURICH: UBS has signed an agreement with the Swiss government to cover up to 9 billion Swiss francs ($10.00 billion)...

Published 09 Jun, 2023 01:34pm

Markets

Japanese investors plans to sue MUFG unit over Credit Suisse bonds

A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including...

Published 09 Jun, 2023 09:26am

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
LSE Propetech / Dec 1 LSE Propetech Limited(LSEPL)	3.84 ▲ 0.52 (15.66%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	6.95 ▲ 0.78 (12.64%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)
Haseeb Waqas / Dec 1 Haseeb Waqas Sugar Mills Limited(HWQS)	11.38 ▲ 1.00 (9.63%)
Bilal Fibres / Dec 1 Bilal Fibres Limited(BILF)	2.77 ▲ 0.24 (9.49%)
Ruby Textile / Dec 1 Ruby Textile Mills Limited(RUBY)	4.80 ▲ 0.40 (9.09%)
Sakrand Sugar / Dec 1 Sakrand Sugar Mills Limited(SKRS)	9.85 ▲ 0.80 (8.84%)

Stock	Price
Tri-Star Mutual / Dec 1 Tri-Star Mutual Fund Limited(TSMF)	5 ▼ -0.63 (-11.19%)
Aruj Industries / Dec 1 Aruj Industries Limited(ARUJ)	8.15 ▼ -0.87 (-9.65%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	8.35 ▼ -0.71 (-7.84%)
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.49 ▼ -0.46 (-7.73%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Leiner Pak Gelat / Dec 1 Leiner Pak Gelatine Limited(LPGL)	21.71 ▼ -1.46 (-6.30%)
HBL Growth Fund / Dec 1 HBL Growth Fund(HGFA)	8.06 ▼ -0.43 (-5.06%)
Unilever Foods / Dec 1 Unilever Pakistan Foods Limited(UPFL)	21500 ▼ -1000.00 (-4.44%)
Samba Bank / Dec 1 Samba Bank Limited(SBL)	8 ▼ -0.36 (-4.31%)
Kohinoor Power / Dec 1 Kohinoor Power Company Limited(KOHP)	5.20 ▼ -0.22 (-4.06%)

Stock	Volume
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.06
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▼ -0.03
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.06
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	22,572,566 ▲ 1.15
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	18,711,500 ▲ 1.11
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	17,836,287 ▲ 1.34
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▲ 0.08
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.05
Hum Network / Dec 1 Hum Network Limited(HUMNL)	12,271,000 ▲ 0.36
Air Link Com. / Dec 1 Air Link Communication Limited(AIRLINK)	11,913,395 ▲ 3.52

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	148.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.26
Euro to USD / Nov 30	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Nov 30	4567.80
India Sensex / Nov 30	66988.44
Tokyo Nikkei / Nov 30	33486.89
Nasdaq / Nov 30	14226.22
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7453.75
Dow Jones / Nov 30	35950.89
Germany DAX 30 / Nov 30	16215.43
France CAC40 / Nov 30	7310.77

Item	Value
Crude Oil USD/Barrel / Nov 30	75.50
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Gold 10 Grams PKR / Nov 30	189472
Gold Spot USD/Ounce / Nov 30	2039.45
Cotton US¢/pound / Nov 30	80.06

Avari Hotels, Avari family target of alleged blackmail & vilification campaign

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