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Wall Street is ignoring the risk of corporate tax hikes US Treasury Secretary Janet Yellen calls for a global minimum corporate tax rate, a pitch that comes as the Biden administration begins to sell its roughly $2 trillion infrastructure and jobs proposal that would raise US corporate taxes to fund the massive plan. Posted: Apr 6, 2021 8:10 AM Updated: Apr 6, 2021 8:10 AM Posted By: By Julia Horowitz, CNN Business President Joe Biden has made clear that if he gets his way, companies will soon be paying more taxes. What's happening: Biden's $2 trillion infrastructure proposal, called the Am...

Publishing date: Apr 06, 2021  •  1 hour ago  •  4 minute read  •  Article content ZURICH — Credit Suisse said on Tuesday it will take a 4.4 billion Swiss franc ($4.7 billion) hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank and risk division. The scandal-hit bank now expects to post a loss for the first quarter of around 900 million Swiss francs. It is also suspending its share buyback plans and cutting its dividend by two thirds. We apologize, but this video has failed to load. Try refreshing your browser, or...

Heads roll at Credit Suisse after huge loss on Archegos Scandal-hit bank overhauls leadership of its investment and risk units 06 April 2021 - 11:26 Brenna Hughes Neghaiwi and Matt Scuffham The Credit Suisse building is shown in Canary Wharf in London, England, in this file photo. Picture: GETTY IMAGES/CHRIS J RATCLIFFE Zurich — Credit Suisse says it will take a 4.4-billion Swiss franc hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank and risk division. The scandal-hit bank now expects to post a loss f...

By Reuters Staff 2 Min Read FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann/File Photo ZURICH (Reuters) - The structure of Credit Suisse’s investment bank will be scrutinised closely by incoming chairman Antonio Horta-Osorio, CEO Thomas Gottstein told a newspaper, as the bank aims to boost risk management after billions in losses on U.S fund Archegos. “That is with certainty one of the core strategic themes that the board under the new chairman, together with the bank’s executive leadership, will...

Credit Swiss in a $4.7 Billion Bind Thanks to Hwang’s Leveraged Bets Even the world’s biggest banks have difficulty keeping track of risks involved with financial innovations like CFDs. Last updated on April 06, 2021 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. After “The Big Short” movie, followed by Netflix and HBO Max announcements for two movies on the GameStop saga, another contender enters the fray. “Bill” Hwang is likely to be immortalized as the most ...