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Credit Suisse 'bankrolled Gupta despite warnings' from colleagues elsewhere at bank

Executives at Credit Suisse ignored warnings from colleagues about troubled Sanjeev Gupta, pressing ahead with funnelling billions to his business despite others at the bank blacklisting the steel tycoon. ....

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Nationwide customer savings more than double over the pandemic to £10.6bn

Nationwide customer savings more than double over the pandemic to £10.6bn
As well as deposits, Nationwide’s pre-tax profits nearly doubled from £466m to £823m, as cost-cutting measures collided with a rise in income across the business.
Customer deposits have more than doubled since the year before the pandemic, Nationwide said today, while remote working has made its workforce ‘more productive’.
With lockdown restrictions closing high streets and putting a pin in travel, Nationwide found deposits increased by £10.6bn in the year to 4 April, as customers stashed cash into savings accounts.
Just £5.7bn was deposited in 2019, highlighting the spending limit of multiple lockdowns and the ‘financial strength’ of the high street lender over the pandemic, CEO Joe Garner said. ....

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JP Morgan Chase: Potential successors to Jamie Dimon move up as Pinto becomes sole president

JP Morgan Chase: Potential successors to Jamie Dimon move up as Pinto becomes sole president
cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.

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Credit Suisse executives 'overruled' risk managers on $160m loan to Greensill

Credit Suisse executives âoverruledâ risk managers on $160m loan to Greensill
Credit Suisse is scrambling to gauge the magnitude of its exposure to Greensill Â© Keystone / Christian Beutler
Senior Credit Suisse executives overruled risk managers to approve a $160 million (CHF148 million) loan to Greensill Capital, which the collapsing finance group now has âno conceivable wayâ to repay, according to people familiar with the matter.
This content was published on March 12, 2021 - 08:54
March 12, 2021 - 08:54
Stephen Morris, Robert Smith, Arash Massoudi and Owen Walker in London, Financial Times
Several people with direct knowledge of the loan said that it was initially rejected by London-based risk managers in the investment bank. ....

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Credit Suisse executives 'overruled' risk managers on $160m loan to Greensill

Credit Suisse executives 'overruled' risk managers on $160m loan to Greensill
swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.

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