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The European Union's General Court substantially reduced a fine imposed on Credit Suisse to 28.9 million euros ($33.92 million) from 83.2 million euros on Wednesday, over its participation in a ...
By forcing staff to return to the office, Credit Suisse demonstrated a lack of empathy for its employees' wellbeing and work-life balance.
Credit Suisse is not out of the woods just yet. Shares in the Swiss lender fell by as much as 12% Friday, erasing most of Thursday’s gains, as investors feared that a $54 billion lifeline from ...
Credit Suisse has been exploring ways to revive its once sterling investment bank and one way of accelerating the rebrand, according to a Bloomberg report, is to bring back a name it retired 17 yea… ...
Credit Suisse said in November it would exit prime brokerage, which provides financing, custody, clearing and advisory services to hedge funds and institutional clients.
Credit Suisse has been unsettled by a number of setbacks, including billion-dollar entanglements with bankrupt lenders and hedge funds, large legal settlements and management upheaval.
Credit Suisse is raising more than $1 billion in capital, Reuters reported. The bank has suffered a string of scandals and high executive turnover during the past few years.
Credit Suisse said on Monday it had struck a deal to refer hedge fund clients to rival BNP Paribas following the Swiss lender's decision to exit prime broking and some derivatives businesses in ...
Morgan Stanley, JPMorgan, and Goldman Sachs this week reported records in their prime brokerage businesses. They've benefited as hedge funds soar and Credit Suisse and Nomura reel from the ...
An extensive review of the prime brokerage business at Credit Suisse will focus on derisking and resizing its hedge fund servicing unit.
The Swiss bank raised its shareholding in Credit Suisse Founder Securities (CSFS) to 51% from the existing 33.3%.
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