Credit Suisse post another quarterly loss, reshuffles management
By Brenna Hughes Neghaiwi ZURICH (Reuters) - Credit Suisse posted on Wednesday a 273 million Swiss franc ($283.6 million) first-quarter loss, prolonging
Source: shorenewsnetwork.com
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Credit Suisse posts another quarterly loss, rejigs management
The bank also announced another set of top management departures.
Source: businesstoday.in
Credit Suisse suspends any new client business in Russia
Swiss Bank Credit Suisse has suspended taking on any new client business in Russia post the Russian invasion of Ukraine.
Source: techstory.in
Credit Suisse Cuts Executive Bonuses; Reports Russia Credit Exposure Of CHF 848 Mln
ZURICH (dpa-AFX) - Swiss lender Credit Suisse Group (CS) slashed bonuses for its executive managers by 64 percent in fiscal 2021 amid sharply wider net loss in its fourth quarter, negatively impacted
Source: finanznachrichten.de
Credit Suisse Plans Investment Bank Trims Rather Than Teardown
(Bloomberg) -- Credit Suisse Group AG’s planned changes at the investment bank will focus on further cuts to the prime brokerage business at the center of Archegos Capital Management scandal, with the wider division escaping the drastic changes some had feared, according to people with knowledge of the matter. The Swiss bank, which has already said that it will slash lending to hedge funds by a third or $35 billion, will announce plans to further reduce capital at the unit and a fresh round of job cuts as it seeks to move away from balance-sheet intensive areas where it doesn’t believe it ...
Source: swissinfo.ch