With an increase in wealth in Greater China, there is a significant rise in the number of clients wanting family office services. Credit Suisse aims to tap this emerging market. In a move aimed at increasing its services among wealthy… Read More ›
Credit Suisse
European Commission likely to penalise banks for rigging foreign exchange rates
Banks that are likely to face the legal heat include HSBC, Barclays, JPMorgan, Citigroup, UBS, Royal Bank of Scotland, as well as a small Japanese bank. According to two sources familiar with the matter at hand, the European Commission is… Read More ›
Credit Suisse’s CEO took home $12.74 million as pay package for 2018
The 30% hike is reflective of Tidjane Thiam’s stewardship of the bank and was contingent on meeting a number of targets. On Friday, Credit Suisse’s annual report showed, that it has awarded its Chief Executive Tidjane Thiam a compensation of… Read More ›
Large group of institutional investors drag 16 major banks to court over rigging forex market
The 221 page complaint alleges that these 16 major banks had colluded to rig the roughly $5.1 trillion-a-day foreign exchange market. In a significant development, a group of big institutional investors, which includes BlackRock Inc and Allianz SE’s Pacific Investment… Read More ›
Swiss financial watchdog raps Credit Suisse for non-compliance to Swiss anti-money laundering processes
FINMA’s investigation has focused on Credit Suisse failing to combat corruption in cases linked to soccer body FIFA and Venezuelan and Brazilian state oil companies. On Monday, Swiss finance industry watchdog FINMA stated, the operations of Swiss multinational investment bank… Read More ›
Refinitiv launches $8 billion buyout – the largest since the 2007-2009 financial crisis
Refinitiv is essentially Thomson Reuters’ F&R unit, which acquired a 55% majority stake by Blackstone on January 30 2018. Thomson Reuters’ Financial and Risk (F&R) division – Refinitiv has has launched a price guidance on its term loan B, equivalent… Read More ›
Credit Suisse strengthens its Southeast Asia businesses with key changes in HR
The move underscores Southeast Asia’s growing importance for churning out more profits for the bank. On Tuesday, in a move aimed at strengthening Credit Suisse’s franchise in Southeast Asia, Credit Suisse Group AG appointed Felicity Chan and Yvonne Voon in… Read More ›
SEC questions Credit Suisse on the closure of its VelocityShares product
Along with the SEC, Switzerland’s Financial Market Supervisory Authority has also stated it is in contact with Credit Suisse regarding the closure of its product. On Tuesday, a report by the Wall Street Journal stated that the U.S Securities and… Read More ›
Credit Suisse to write-down $2.3 billion due to changes in U.S. tax law
The Swiss banking giant stated it will provide a more detailed report on the impact of the U.S tax bill on its operations in its fourth quarter report, scheduled to be published on Feb. 14. Swiss banking giant Credit Suisse… Read More ›
Credit Suisse deploys AI to manage calls to its compliance call center
The bank is in a transitory stage as it pushes to revamp its operations and go digital. Brian Chin, the global markets chief executive of Credit Suisse AG has disclosed, that the Swiss bank has deployed twenty robots within the… Read More ›
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