Fall of Credit Suisse has put sports partnerships in doubt. Credit Suisse’s share price plummeted on Sunday. UBS has its own portfolio of Formula One, athletics, and ice hockey sponsorships. Due to the acquisition of the Swiss bank Credit Suisse, numerous athletes, teams, and tournaments’ lucrative sponsorship deals are in jeopardy. The Swiss public football … Read more
Cathal Deasy joins Barclays as co-head of investment banking. Chief Executive C.S. Venkatakrishnan is undergoing treatment for non-Hodgkin lymphoma. JF Astier and John Miller are in “active dialogue” with the company regarding future roles. Cathal Deasy, a veteran dealmaker at Credit Suisse (CSGN.S), has been named co-head of investment banking at Barclays (BARC.L), the institution … Read more
Credit Suisse is first Swiss bank to be found guilty of corporate crime. First time a Swiss-owned and -domiciled bank has been prosecuted criminally. On Monday, Credit Suisse became the first Swiss bank to be found guilty of corporate crime by the country’s authorities, in a landmark court ruling on the laundering of Bulgarian drug … Read more
Credit Suisse rejects a claim by a Russian businessman for $515.62 million. Vitaly Malkin linked money to a former client adviser who was convicted of fraud. Bank says the former client did not suffer from Patrice Lescaudron’s criminal activities. Credit Suisse intends to appeal the 2018 verdict. Credit Suisse (CSGN.S) on Sunday dismissed a case … Read more
Russian oligarch Vitaly Malkin suing Credit Suisse for $515 million. Bank says it “rejects all the allegations”. The ruling said the Credit Suisse affiliate did not prevent Lescaudron’s fraud. Russian oligarch Vitaly Malkin is suing Credit Suisse for the loss of $515 million he claims was the fault of a former adviser at the Swiss … Read more
Credit Suisse has been put on a watchlist of institutions in need of stricter supervision in UK. UK regulators concerned bank had not made enough improvements to its culture, governance, and risk controls. Senior executives were asked to give evidence of steps they would take to prevent instances of misconduct. The bank declined to comment … Read more
Shares in Credit Suisse (CSGN.S) turned pointedly higher on Wednesday evening. Dealers refering to an Inside Paradeplatz report that U.S-based State Street (STT.N) is arranging a takeover bid for the grieved moneylender. Credit Suisse shares wound up 3.8% in Zurich subsequent to hopping following the report in the Swiss monetary blog. From lows hit before … Read more
Credit Suisse was already in the red in the first quarter due to a larger-than-expected loss last year. Russia’s invasion of Ukraine, monetary tightening by central banks and end. Covid-linked stimulus measures have caused “heightened market volatility”, the bank said. Credit Suisse, the scandal-plagued Swiss banking giant, warned on Wednesday that it expects to report … Read more
ZURICH: Credit Suisse, the Swiss banking behemoth, said Wednesday that legal expenses and the financial consequences of Ukraine’s war pushed it farther into the red in the first three months of the year. “The first quarter of 2022 has been marked by volatile market conditions and client risk aversion,” Switzerland bank said in a statement. … Read more
Swiss banking large Credit Suisse warned Wednesday that it’ll face a loss in the first quarter because of the effect of longstanding legal topics and Russia’s invasion of Ukraine. The USA’s 2d-biggest bank stated its results “may be adversely affected” by the Ukraine conflict to the track of 2 hundred million Swiss francs (195 million … Read more
Credit Suisse handled billions of dollars in dirty money for decades, an international media investigation based on a massive data leak claimed on Sunday, in the latest setback for Switzerland’s second-largest bank. The bank held more than $8 billion (seven billion euros) in accounts of criminals, dictators and human rights abusers, among others, according to … Read more
