S&P downgrades Credit Suisse Group, Moody’s cuts some ratings ZURICH: S&P Global Ratings has downgraded Credit Suisse Group’s long-term issuer credit rating by one notch to... Published 02 Nov, 2022 03:34pm
Markets Credit Suisse unveils details of $4 billion capital raising plan ZURICH: Credit Suisse on Monday unveiled details of its plan to raise 4 billion Swiss francs ($4.01 billion) from... Updated 31 Oct, 2022 12:42pm
Opinion Cracks appear in Credit Suisse comeback plans After months of reflecting, Credit Suisse’s chairman Axel Lehmann revealed an overhaul “to rebuild Credit Suisse... Published 29 Oct, 2022 05:55am
Business & Finance Credit Suisse launches radical overhaul to stabilise bank GENEVA: Credit Suisse announced a string of radical measures Thursday aimed at turning around the beleaguered bank... Published 28 Oct, 2022 05:58am
Markets European stocks slip ahead of ECB decision; Credit Suisse drops on turnaround plans European shares opened lower on Thursday, as investors were cautious ahead of a widely expected interest rate hike... Published 27 Oct, 2022 12:39pm
Markets Credit Suisse says seeks $4bn capital, Saudi National Bank to invest up to $1.5bn GENEVA: Credit Suisse said Thursday it intends to raise capital worth four billion Swiss francs ($4 billion) as part... Published 27 Oct, 2022 10:32am
Markets Credit Suisse banking on restructure revamp ZURICH: New Credit Suisse chief executive Ulrich Koerner, faced with trying to turn around the beleaguered bank... Published 25 Oct, 2022 01:19pm
Business & Finance Credit Suisse eyes $2bn capital hike, convertible bonds ZURICH: Embattled bank Credit Suisse is considering a capital increase of around 2 billion Swiss francs ($2 billion)... Published 24 Oct, 2022 06:35am
Business & Finance US jury finds Credit Suisse did not rig forex market NEW YORK: A US jury found on Thursday that Credit Suisse Group AG did not conspire with the world’s largest banks... Published 21 Oct, 2022 05:57am
Opinion Credit Suisse rescue hinges on overhaul of its investment arm The soundness of Credit Suisse’s “transformation plan”, set to be unveiled next week, will be mainly judged on... Published 19 Oct, 2022 05:54am
Markets Credit Suisse reaches deal with US over mortgage-backed securities ZURICH: Credit Suisse said Monday it would pay $495 million as part of a deal reached with US prosecutors in a... Published 17 Oct, 2022 12:02pm
Business & Finance Ex Credit Suisse banker in $86m London appeal after Romanian conviction LONDON: A former Credit Suisse banker, who was convicted and sentenced to prison in Romania for a decade for alleged... Published 12 Oct, 2022 05:46am
Markets Credit Suisse seeks to reassure investors with $3bn debt buyback ZURICH: Credit Suisse will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled Swiss bank said... Published 07 Oct, 2022 12:01pm
Markets Credit Suisse’s deputy head of Asia wealth business resigns SINGAPORE: The deputy head of Credit Suisse’s Asia-Pacific wealth management business Young Jin Yee has resigned,... Published 05 Oct, 2022 02:12pm
Opinion Credit Suisse’s turnaround just got a lot tougher as market reels Swiss lender Credit Suisse Group AG, battered by scandals and losses, is racing through a restructuring plan. Wild... Published 05 Oct, 2022 05:49am
Markets Credit Suisse shares slip despite moves to soothe investor concerns ZURICH: Credit Suisse shares slid by as much as 10% in early trading on Monday, reflecting market concerns ahead of... Published 03 Oct, 2022 02:31pm
Business & Finance Credit Suisse shares sink to record low over revamp reports ZURICH: Shares of Credit Suisse plunged to a record low on Friday over reports about a massive revamp after a spate... Published 23 Sep, 2022 05:46pm
Business & Finance Analysis: Price hikes test Zara owner Inditex's ability to stay in fashion MADRID: Zara owner Inditex's strong first-half results show its strategy of raising prices since early 2022 paying... Published 15 Sep, 2022 03:10pm
Technology Apple lovers in some Asian countries to pay more for iPhone 14 SINGAPORE: Apple Inc on Wednesday kept prices for its latest iPhone stable in the United States, but raised prices... Published 08 Sep, 2022 07:20pm
Print RLNG plants’ sell-off: FA Credit Suisse to be reengaged ISLAMABAD: The government has decided to reengage Financial Advisor M/s Credit Suisse, Singapore for privatisation... Updated 07 Sep, 2022 09:24am
World Credit Suisse expands in Qatar, launches tech hub ZURICH: Credit Suisse will expand in Qatar via a partnership with the Gulf country’s Investment Promotion Agency... Published 05 Sep, 2022 08:01pm
Business & Finance Credit Suisse top shareholder asks for investment bank overhaul Credit Suisse Group AG’s top shareholder Harris Associates has asked the Zurich-based lender to fix its investment... Published 19 Aug, 2022 06:13pm
Opinion US, European banks could lose over $5bn from risky buyout loans Top US and European banks are facing tougher times in the riskiest parts of the loan market. The biggest US ... Published 18 Aug, 2022 05:27am
Business & Finance Credit Suisse mulls cutting thousands of jobs globally, report says Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday,... Published 04 Aug, 2022 05:25pm
Opinion Luxembourg banks told to freeze Ecuador assets amid Perenco dispute, documents show A Luxembourg bailiff has ordered banks to freeze assets held by Ecuador at accounts in the country as a result of a... Published 02 Aug, 2022 05:36am
Opinion Europe’s banks brace for bumpy ride after cheap money decade Europe’s banks, facing a potential economic storm and a rise in borrowing costs for the first time in more than a... Published 23 Jul, 2022 04:10am
Business & Finance Dollar gains, euro falls as energy drives currency swings NEW YORK: The dollar rose to fresh 20-year highs on Wednesday and the euro tumbled to a new two-decade low as rising... Published 07 Jul, 2022 05:35am
Business & Finance Credit Suisse scraps negative rates for Swiss private clients ZURICH: Credit Suisse is scrapping the negative interest rates it has charged wealthy Swiss clients since 2020, the... Published 30 Jun, 2022 07:46am
Business & Finance Credit Suisse wealth growth initiatives may need to be ‘tempered’ ZURICH: Credit Suisse’s ambitions to redeploy some 3 billion Swiss francs ($3.14 billion) in capital towards its... Published 28 Jun, 2022 05:45pm
Business & Finance Credit Suisse found guilty in money-laundering case BELLINZONA: Credit Suisse and a former employee have been found guilty by Switzerland's Federal Criminal Court of... Published 27 Jun, 2022 07:12pm