Page 5 - ப்ளூம்பெர்க் கடன் ஸ்யூயி குழு News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Credit Suisse Extends Pay Boost to Bankers in Wealth Management
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Credit Suisse Weighs Overhaul of Wealth Management Business
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Credit Suisse Must Pay Highland $121 Million Over Las Vegas Deal
This content was published on June 29, 2021 - 00:12
June 29, 2021 - 00:12
(Bloomberg) Credit Suisse Group AG must pay Highland Capital Management $121 million for a failed 2007 Las Vegas real estate deal, a Texas state court ruled.
The ruling follows a decision by the Texas Supreme Court in April 2020 throwing out $287.5 million in damages awarded to Credit Suisse by a Dallas trial judge and ordering the court to recalculate the $40 million awarded by a jury. The jury found that the bank had inflated the appraisal used to finance a golf development ahead of the 2008 housing crash.
Credit Suisse s New Chairman Sends Chill Through Investment Bank
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Credit Suisse Scraps Plan to Back Traderâs Fund Amid Crises
This content was published on June 9, 2021 - 12:31
June 9, 2021 - 12:31
(Bloomberg) Credit Suisse Group AG canceled a plan to back star trader Hamza Lemssouguerâs credit fund in a stunning about-face as it dials back risk after the implosion of Archegos Capital Management and Greensill Capital.
The Swiss lender agreed with Lemssouguer that he should take his Arini European Credit fund outside the bank, according to an internal memo seen by Bloomberg. Credit Suisse will not invest any money or retain an ownership stake, said a person familiar with the matter.