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 / Oct 1	277.30
USD PKR Interbank Buying / Oct 1	277.10
USD to Japanese Yen / Oct 1	158
USD to Swiss Franc / Oct 1	0.83
Pound Sterling to USD / Oct 1	1.32
Euro to USD / Oct 1	1.12
SOFR % / Sep 30	3.90

Stock	Volume
S&P 500 / Oct 1	7,666.45
India Sensex / Oct 1	71,909.70
Nasdaq / Oct 1	26,871.60
FTSE 100 / Oct 1	10,428.27
Dow Jones / Oct 1	50,926.56
Germany DAX 30 / Oct 1	24,939.35
France CAC40 / Oct 1	7,835.31
Tokyo Nikkei / Oct 2	68,326.72
Hang Seng / Oct 2	24,012.97

Item	Value
Crude Oil USD/Barrel / Oct 1	93.16
Karachi Cotton PKR/37.32 KG / Oct 1	18,480
Gold 10 Grams PKR / Oct 1	376,059
Gold Spot USD/Ounce / Oct 1	4,163.39
Cotton US¢/pound / Oct 1	77.76
Petrol/Litre / Oct 2	387.40
Diesel/Litre / Oct 2	400.35

Gainers
Losers
Leaders

Stock	Price
Dewan Motors / Oct 1 Dewan Farooque Motors Limited(DFML)	17.49 ▲ 1.59 (10%)
Ellcot Spinning / Oct 1 Ellcot Spinning Mills Limited(ELSM)	196.28 ▲ 17.84 (10%)
First Imrooz Mod. / Oct 1 First Imrooz Modaraba(FIMM)	286.94 ▲ 26.09 (10%)
Fazal Cloth / Oct 1 Fazal Cloth Mills Limited(FZCM)	280.46 ▲ 25.5 (10%)
Mandviwala / Oct 1 Mandviwala Mauser Plastic Industries(MWMP)	84.78 ▲ 7.71 (10%)
Popular Islamic / Oct 1 Popular Islamic Modaraba(PIM)	65.60 ▲ 5.96 (9.99%)
Arctic Textile / Oct 1 Arctic Textile Mills Limited(ARCTM)	57.29 ▲ 5.17 (9.92%)
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	15.68 ▲ 1.41 (9.88%)
Lse Spac-I Ltd. / Oct 1 Lse Spac-I Limited(SPAC1)	22.36 ▲ 1.95 (9.55%)
Asim Textile / Oct 1 Asim Textile Mills Limited(ASTM)	124.56 ▲ 10.6 (9.3%)

Stock	Price
EFU Life Assr / Oct 1 EFU Life Assurance Limited(EFUL)	125 ▼ -39.01 (-23.79%)
Ashfaq Textile / Oct 1 Ashfaq Textile Mills Limited(ASHT)	45.51 ▼ -5.06 (-10.01%)
First Tri-Star Mod. / Oct 1 First Tri-Star Modaraba(FTSM)	44.03 ▼ -4.89 (-10%)
Pakistan Credit Rating Agency / Oct 1 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	43.67 ▼ -4.85 (-10%)
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	26.14 ▼ -2.9 (-9.99%)
East West Ins. / Oct 1 East West Insurance Company Limited(EWIC)	59.25 ▼ -6.37 (-9.71%)
Asia Ins. / Oct 1 Asia Insurance Company Limited(ASIC)	32.42 ▼ -3.43 (-9.57%)
Karam Ceramics / Oct 1 Karam Ceramics Limited(KCL)	156.18 ▼ -15.27 (-8.91%)
Power Cem(Pref) / Oct 1 Power Cement (Pref)(POWERPS)	29.62 ▼ -2.87 (-8.83%)
Apna Microfin. / Oct 1 Apna Microfinance Bank Limited(AMBL)	18.07 ▼ -1.73 (-8.74%)

Stock	Volume
Kohinoor Spinning / Oct 1 Kohinoor Spinning Mills Limited(KOSM)	93,751,754 ▲ 0.11
F. Nat.Equities / Oct 1 First National Equities Limited(FNEL)	38,616,570 ▲ 0.09
Cnergyico PK / Oct 1 Cnergyico PK Limited(CNERGY)	26,026,242 ▼ -0.14
Pak Int.Bulk / Oct 1 Pakistan International Bulk Terminal(PIBTL)	25,714,456 ▲ 0.03
First Punjab Modaraba / Oct 1 First Punjab Modaraba(FPJM)	22,551,198 ▼ -2.9
Tasdeeq Info. Serv. / Oct 1 Tasdeeq Information Services Limited(TISL)	19,722,398 ▲ 0
K-Electric Ltd. / Oct 1 K-Electric Limited(KEL)	17,323,432 ▼ -0.03
WorldCall Telecom / Oct 1 Worldcall Telecom Limited(WTL)	17,315,970 ▼ -0.01
D.S. Ind. Ltd. / Oct 1 D.S. Industries Limited(DSIL)	16,558,025 ▲ 1.41
Pak Refinery / Oct 1 Pakistan Refinery Limited(PRL)	16,113,756 ▼ -1.8

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