Big banks' shares are falling after the SVB collapse, confirmed on 10 March 2023.
Swiss lender's stock price touched a new record low on Monday morning.

Monday, 13/03/2023 | 10:47 GMT by Damian Chmiel

Institutional FX

Credit Suisse Delays Annual Report and Cuts Investment Banking Jobs

CS shares fell after the SEC call forced the lender to delay its report.
Additionally, the bank is cutting other investment banking jobs.

Thursday, 09/03/2023 | 12:05 GMT by Damian Chmiel

Institutional FX

FINMA Concludes Proceedings in $10b 'Greensill' Case against Credit Suisse

The Swiss regulator investigated the lender's relationship with Lex Greensill and his funds.
The funds were launched in 2017 and closed four years later.

Tuesday, 28/02/2023 | 11:26 GMT by Damian Chmiel

Institutional FX

Credit Suisse Reports CHF 7.3 Billion Annual Loss in 2022

The banking giant lost 20% of its assets under management.
The CEO confirms that current results are “unacceptable.”

Thursday, 09/02/2023 | 11:03 GMT by Damian Chmiel

Executives

Credit Suisse Appoints Aurélien Gleyze as Head of FX Spot for EMEA

Gleyze served as the Director and Co-Head of Electronic Macro Trading for over two years.
His appointment comes at a time Credit Suisse is reducing its workforce.

Friday, 20/01/2023 | 13:31 GMT by Solomon Oladipupo

Institutional FX

Credit Suisse Starts Job Cuts, Goes after European Investment Bankers

Credit Suisse aims to cut 10% of its European investment banking staff, FT reveals.
In total, CS wants to reduce its workforce by 9,000.

Monday, 16/01/2023 | 12:17 GMT by Damian Chmiel

Executives

Credit Suisse’s Cathal Deasy Exits European Banking Co-Head Role

Giuseppe Monarchi is now the sole Head of IBCM, EMEA.
Credit Suisse has seen the departures of several senior executives in recent times.

Tuesday, 03/01/2023 | 15:42 GMT by Solomon Oladipupo

Institutional FX

Credit Suisse Expects to End Q4 with a Loss of $1.58B

The bank is undertaking a massive strategic overhaul.
It is focusing on reducing its expenses.

Wednesday, 23/11/2022 | 09:15 GMT by Arnab Shome

Institutional FX

Credit Suisse Plans to Raise $4b as a Part of "Radical Restructure"

CS wants to raise 1.86 billion CHF from new investors and 2.24 billion from current investors.
The bank is trying to resolve problems and controversies for the third time.

Monday, 31/10/2022 | 08:54 GMT by Damian Chmiel

Institutional FX

Credit Suisse Post Heavy Q3 Losses, "Radical Restructure" Needed

Swiss bank posts over $4 billion quarterly loss.
It has strategic overhaul plans to lay off 9,000 staff and raise billions.

Thursday, 27/10/2022 | 08:05 GMT by Damian Chmiel

Institutional FX

Credit Suisse Agrees to Pay $234m Settlement in France

Swiss banking giant settles court case with the French prosecutors.
In October, the institution approved settlements worth more than $700 million.

Monday, 24/10/2022 | 10:30 GMT by Damian Chmiel

Institutional FX

Credit Suisse to Pay $495m Settlement Related to 2008 Financial Crisis

Settlement is related to the 'Residential Mortgage Backed Securities' part of the business.
Credit Suisse, in the past, paid a settlement that was ten times higher for the same misconduct.

Monday, 17/10/2022 | 09:34 GMT by Damian Chmiel

Executive Moves

Credit Suisse Picks Dixit Joshi as CFO

He joins the company from Deutsche Bank.
Credit Suisse has also named Francesca McDonagh as COO.

Monday, 22/08/2022 | 12:28 GMT by Bilal Jafar

FinTech

Credit Suisse Says ‘Clear No’ to Bank’s Possible Sale or Capital Raise

The bank lost $1.6 billion in the second quarter of 2022.
The newly-confirmed CEO, Ulrich Körner, to take over on August 1.

Wednesday, 27/07/2022 | 13:27 GMT by Solomon Oladipupo

Executive Moves

Credit Suisse Names Ulrich Körner as CEO; Q2 Losses Deepen to $1.6B

The Swiss bank has been reeling from a series of scandals.
Körner is currently heading Credit Suisse’s asset management division.

Wednesday, 27/07/2022 | 06:00 GMT by Arnab Shome

Institutional FX

Court Bans Credit Suisse from Disposing of Shares in Russian Units

A Moscow court issued the order.
The bank cannot dispose of its shares in Bank Credit Suisse and Credit Suisse Securities.

Thursday, 21/07/2022 | 21:25 GMT by Felipe Erazo

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