Topic

Greensill

Credit Suisse ends 2021 in the red after turbulent year

Published 14 Feb, 2022 06:47am

ZURICH: Credit Suisse plunged into the red in 2021, shaken by the meltdowns at Greensill and Archegos that resulted...

Credit Suisse repays another $400mn to Greensill-linked fund investors

Published 06 Aug, 2021 06:08pm

The payout, originally announced with the bank's second-quarter earnings last week, is the fourth distribution so far and takes the total amount returned to the investors to roughly $5.9 billion

Credit Suisse 78% Q2 net profit slide shows Archegos hit

Published 29 Jul, 2021 11:44am

Excluding Archegos and other significant items, Credit Suisse said pre-tax income would have dropped 11%

Liberty Steel to sell UK assets

Published 25 May, 2021 04:40am

LONDON: British-based steelmaker Liberty Steel on Monday launched a major restructuring to sell part of its UK ...

Credit Suisse crisis worst yet for banking veteran Horta-Osorio

Published 30 Apr, 2021 05:12pm

"Over three and a half decades, I have personally worked at and led several banks in different countries and have lived through many crises," the former Lloyds chief executive said during Credit Suisse's webcast annual general meeting.
"What has happened with Credit Suisse over the last eight weeks, with the US-based hedge fund and the supply chain finance funds matters, certainly goes beyond that."

Credit Suisse board member quits after Archegos fiasco: bank

Published 30 Apr, 2021 10:28am

The Swiss bank said in a brief statement that Andreas Gottschling, the head of the board's risk committee, would not seek re-election at a general assembly.

Credit Suisse to boost capital ahead of further Archegos hit

Published 22 Apr, 2021 05:26pm

Its shares fell 5.7%, with analysts pointing to the further Archegos hit and dilution caused by the issuance announced on Thursday of bonds convertible into 203 million shares.
In response, the bank is cutting its prime brokerage business, which caters to hedge fund clients, by about a third.

Credit Suisse to return another $1.7bn to investors

Published 13 Apr, 2021 04:35pm

Switzerland's second-largest bank, which suspended four funds linked to Greensill in early March, had already made a first repayment of $3.1 billion.

Britain opens official probe into former PM Cameron's lobbying

Published 12 Apr, 2021 06:26pm

The probe is likely to be independent and carried out on behalf of the Cabinet Office, the BBC said. Reuters has not been able to independently verify the reports.
In his first comments on the row on Sunday, Cameron said that in his representations to government he was breaking no codes of conduct and no government rules.

Steel tycoon Gupta rules out bailout, UK closures

Updated 02 Apr, 2021 09:06am

LONDON: Indian-British billionaire Sanjeev Gupta on Thursday ruled out a bailout or factory closures for his...

Credit Suisse aims to recoup most Greensill-linked fund assets

Published 01 Apr, 2021 08:03pm

Investors in frozen funds to get more cash this month.
Swiss bank aims to recover most of funds' assets.
Shares rebound of slide on risk-management worries.

Credit Suisse warns of 'significant' losses from exiting hedge fund positions

Published 29 Mar, 2021 11:08am

Credit Suisse said it would provide an update on the matter in "due course."

Demise of financier Greensill sparks global jobs panic

Published 15 Mar, 2021 05:22am

LONDON: The collapse of British finance firm Greensill has sparked panic and threatened 50,000 jobs, in particular ...

Demise of financier Greensill sparks global jobs panic

Published 10 Mar, 2021 12:21pm

Its demise has now created massive uncertainty for clients, who depended on its finance services to pay their bills and could now potentially default on payments and lead to further turmoil.

Credit Suisse suspends supply chain finance funds

Updated 02 Mar, 2021 09:41am

ZURICH / LONDON: The asset management arm of Zurich-based Credit Suisse said on Monday it has suspended redemptions...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
Dow Jones / Jul 20	51,839.26
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86
FTSE 100 / Jul 21	10,506.59
Germany DAX 30 / Jul 21	24,879.67
France CAC40 / Jul 21	8,348.97

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Petrol/Litre / Jul 21	316.15
Crude Oil USD/Barrel / Jul 21	82.50
Gold Spot USD/Ounce / Jul 21	4,050.88
Diesel/Litre / Jul 21	354.35
Cotton US¢/pound / Jul 21	79.38

Gainers
Losers
Leaders

Stock	Price
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	2.39 ▲ 0.24 (11.16%)
Invest Capital Invest Bank / Jul 21 Invest Capital Investment Bank Limited(ICIBL)	21.75 ▲ 1.98 (10.02%)
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Gammon Pak / Jul 21 Gammon Pakistan Limited(GAMON)	21.98 ▲ 2 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Biafo Ind. / Jul 21 Biafo Industries Limited(BIFO)	130.83 ▲ 11.89 (10%)
Dewan Farooque Sp. / Jul 21 Dewan Farooque Spinning Mills Limited(DFSM)	18.15 ▲ 1.65 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)

Stock	Price
United Insurance / Jul 21 The United Insurance Company(UNIC)	12.68 ▼ -1.41 (-10.01%)
Baba Farid Sugar / Jul 21 Baba Farid Sugar Mills Limited(BAFS)	414.40 ▼ -46.02 (-10%)
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	79.05 ▼ -8.78 (-10%)
Shams Textile / Jul 21 Shams Textile Mills Limited(STML)	57.58 ▼ -6.4 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.44 ▼ -5.6 (-9.99%)
Pakistan Credit Rating Agency / Jul 21 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	36 ▼ -3.62 (-9.14%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	22.90 ▼ -2.21 (-8.8%)
Frontier Ceramics / Jul 21 Frontier Ceramics Limited(FRCL)	98.02 ▼ -7.77 (-7.34%)
Azgard Nine (Non-Voti) / Jul 21 Azgard Nine (Non-Voti)(ANLNV)	7.71 ▼ -0.61 (-7.33%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	263,436,960 ▼ -0.69
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	110,849,016 ▲ 0.24
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	73,851,952 ▲ 0.89
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	58,224,946 ▲ 0
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	26,116,799 ▲ 0.02
TPL Corp Ltd / Jul 21 TPL Corp Limited(TPL)	24,336,000 ▲ 0.97
WorldCall Telecom / Jul 21 Worldcall Telecom Limited(WTL)	22,413,148 ▲ 0.03
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	20,069,620 ▲ 0.41
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	15,692,784 ▲ 0.14
Maple Leaf Cement / Jul 21 Maple Leaf Cement Factory Limited(MLCF)	13,608,067 ▼ -2.01

Greensill

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