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Credit Suisse

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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
by Felipe Erazo
Institutional FX

Money-Laundering Case Involving Credit Suisse Finds the Bank Guilty

  • Switzerland’s Federal Criminal Court accused a former bank employee of the wrongdoing.
  • Both Credit Suisse and the former employee denied the charges.
by Felipe Erazo
Institutional FX

Credit Suisse Froze Assets Worth $10.6 Billion in Q1 2022

  • An estimated CHF 10.4 billion is lost to the bank because of frozen assets.
  • Less than 4% of its assets under management are Russian.
by Felipe Erazo
Institutional FX

Credit Suisse Expects Q1 Loss amid Russia Exposure, Legal Costs

  • Its revenue took a CHF 200 million hit in the period.
  • Its legal provisions mounted to CHF 700 million.
by Arnab Shome
Executives

Tim Tu, CEO of Credit Suisse Securities Joint Venture in China Has Stepped Down

  • Unconfirmed reports are suggesting Tu will relocate to Hong Kong.
  • His future position at the bank is undisclosed at the time of this writing.
by Matti Williamson
Institutional FX

Credit Suisse Expects $500M Hit from a Bermuda Lawsuit

  • The bank reportedly lost a case against the former Georgian billionaire prime minister.
  • A former employee of the bank stole from several private banking clients.
by Arnab Shome
Executive Moves

Credit Suisse Names Christian Gellerstad to Succeed Severin Schwan, as VC

  • Gellerstad brings around 20 years of financial experience to the role.
  • Schwan chose not to stand for Board re-election due to shareholder opposition.
by Tom Hazan
Executive Moves

Mizuho Americas Has Recruited Dominic Konstam as Its MD and Head of Macro Strategy

  • Dominic Konstam brings more than three decades of financial experience to the position.
  • His experience includes portfolio management, global rates, Forex and more.
by Tom Hazan
Institutional FX

Credit Suisse Aims to Almost Halve Emissions Financing to Fossil Fuels

  • The plan looks to reduce exposure to emissions it financed between 2020 and 2021.
  • This is the first report to detail the bank's exposure to fossil fuel emissions.
by Felipe Erazo
Institutional FX

Credit Suisse Has $914M Russian Exposure, Calls It ‘Not Significant’

  • All US and European banks are now disclosing their Russian exposures.
  • UniCredit has the most Russian exposure in Europe with $8.1 billion.
by Arnab Shome
Executive Moves

HKEX Will Place Daniel Sonder as Its Co-Head of Emerging Business Development

  • Sonder will be in charge of advancing the Group’s emerging business opportunities.
  • He will work alongside his Co-Head, Julien Martin.
by Tom Hazan
Executive Moves

Credit Suisse Makes Structural Changes to Its Asset Management Business

  • Colin Fitzgerald, Jo McCaffrey, Filippo Rima join Credit Suisse's Asset Management Business.
  • The structure was announced back in November to draw in investment.
by Tom Hazan
Institutional FX

Data Leak Shows Credit Suisse’s Criminal Clientele, Bank Denies Wrongdoings

  • It took deposits from drug traffickers and individuals involved in other serious crimes.
  • It is also fighting allegations of money laundering lapses in a Swiss court.
by Arnab Shome
Executive Moves

Zenfinex Has Recruited Michel Chabbouh as CEO MENA to Head Its UAE operations

  • Chabbouh brings more than fourteen years of experience in Forex and banking.
  • He will head the company’s UAE-based operations as the new CEO MENA.
by Tom Hazan
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