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(Image: Ricardo Gomez Angel / Unsplash) Friday, 23 April 2021 15:42 | Written by Katharina Bart Credit Suisse Taps Favored Law Firm for Probes finews.com has learned.  Credit Suisse retained Homburger as well as Deloitte for two investigations ordered by its board into Greensill and Archegos, respectively, a source familiar with the matter told finews.com. The choice of Homburger in particular is puzzling: the Zurich law firm led a 2019 investigation into a corporate espionage scandal. Homburger’s probe found the spying of defecting banker Iqbal Khan to be a «rogue» incid...

By David Rothnie 22 Apr 2021 When António Horta-Osório takes over as chairman of Credit Suisse on May 1, he will be fighting fires on all fronts. While the bank has a relatively strong capital position, boosted by a $2bn fundraising announced on Thursday, shareholders are demanding answers over strategy and controls. Perhaps more ominously, the Swiss regulator Finma has instigated enforcement proceedings, writes David Rothnie. Horta-Osório may reflect on the maxim “never waste a good crisis”, but when he began sketching out his wish-list after agreeing to take over from chairman Urs Ro...

Provided by Dow Jones By Margot Patrick Credit Suisse Group AG said it would issue new shares after losses from Archegos Capital Management wiped out a strong first quarter, highlighting the damage caused by the collapse of the investment firm. On Thursday, the bank said it placed notes that convert to stock in six months to counter damage to its capital position from the loss and new charges imposed by the Swiss financial regulator. The offering will be based on the bank's share price in the coming days and could raise close to $2 billion in fresh capital. ...

How Credit Suisse rolled the dice on risk management – and lost Senior executives pushed compliance to become ‘more commercial’ and dissenting voices were suppressed. Lara Warner, the chief risk and compliance officer at Credit Suisse, was at the centre of controversies.  Stephen Morris, Tabby Kinder, Owen Walker and Robert Smith Apr 21, 2021 – 2.50pm Save Share Five months before Greensill Capital’s collapse, Credit Suisse invited a special guest to present to its top ranks in Asia. The visitor was hailed as the sort of bold entrepreneur the bank wanted to do busi...

Credit Suisse (Image: Keystone) For Credit Suisse, More Pain Seen Ahead Less than three years after naming then-CEO  Tidjane Thiam its banker of the year, «Euromoney»  (behind paywall) suggested Credit Suisse had put itself in play: the Swiss bank's roughly $26 billion market cap, trading at less than 0.6 times book value, make it a bargain. The Zurich-based bank, still unwinding $4.7 billion in wreckage from Archegos, is in limbo until incoming Chairman  António Horta-Osório arrives in two weeks. Everyone is angry – shareholders robbed of most of their promised dividend, employee...