Search Results for: Credit Suisse Group AG
Europe Stocks Rise for 2nd Day as Credit Suisse Leads Bank Gains
May 10th, 2016
Carmakers climb as China auto sales increased in April Pandora jumps on better-than-forecast profit, raised outlook European shares rebounded further as investors speculated a selloff that spurred their worst week since February was overdone, and Credit Suisse Group AG ...
Credit Suisse to Sell Distressed-Debt Portfolio for $1.27 Billion
May 4th, 2016
Credit Suisse will take new $100 million charge Credit Suisse Group AG agreed to sell a big chunk of distressed-debt assets, helping to speed the Swiss bank’s retreat from risky trading businesses. TSSP, a credit-investing affiliate of private-equity firm TPG, will ...
Credit Suisse, HSBC dismiss ‘Panama Papers’ tax avoidance allegations
April 6th, 2016
Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. Their comments came a day after a leak of four decades ...
CME Group Appoints Paul Houston as Global Head of FX
April 4th, 2016
CME Group, the world’s leading and most diverse derivatives marketplace, today announced the appointment of Paul Houston as Executive Director, Global Head of FX. Reporting to Sean Tully, Senior Managing Director, Financial and OTC Products, CME Group, Houston will be responsible for ...
Nasdaq readies ‘Ocean’ dark pool for banks and brokerages
April 4th, 2016
Nasdaq Inc is in negotiations with several brokers to host and run their private stock trading venues, or dark pools, within its data center, two of the exchange operator’s executives said on Thursday. There are nearly 40 of the ...
Finra arbitration panel orders UBS to pay for damages over Puerto Rico bond losses
March 28th, 2016
Damages linked to the commonwealth’s distressed debt continue to climb UBS Group AG’s wealth management business for the Americas must pay more than $470,000 to three investors who claimed damages because their accounts were over-concentrated in Puerto Rico bonds ...
UBS and Credit Suisse launch fintech accelerator
March 23rd, 2016
The two largest Swiss banks UBS and Credit Suisse, are partnering with Swisscom, Swiss Life and Ernst & Young to launch a fintech accelerator with an international target audience. Operating under the umbrella of the Kickstart Accelerator, the programme ...
Credit Suisse accelerates its restructuring
March 23rd, 2016
Tidjane Thiam, Chief Executive Officer of Credit Suisse, commented: “Our recent performance has highlighted further two key areas of challenge for Credit Suisse: – Our fixed cost base, and – Our scale in Global Markets in the Americas and ...
Credit Suisse Accused of Money Laundering by Billionaire
March 17th, 2016
Former Georgian PM alleges bank failed to control ex-manager Geneva criminal complaint is latest to target the Zurich bank Lawyers for Georgia’s billionaire former prime minister Bidzina Ivanishvili accused Credit Suisse Group AG of money laundering as they step ...
Credit Suisse Pulled Into Geneva Fight Over Lost Client Cash
March 2nd, 2016
Russians name bank as a potential target, according to lawyer Ex-manager accused in Geneva of defrauding banks’ clients Credit Suisse Group AG has been dragged into a second criminal complaint brought by two Russian clients who claim that a ...
