Suisse

Credit Suisse says buy stocks with this characteristic popularized by Warren Buffett

Credit Suisse is recommending stocks with a characteristic favored by Warren Buffett for investors navigating growing risk in equity markets. The firm expects companies with “economic moats” could help investors shield their portfolios from increasing economic uncertainty. It’s a term popularized by the legendary investor that refers to a company’s ability to maintain competitive advantages …

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Credit Suisse looking at cutting around 5,000 jobs -source

A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis BalibouseRegister now for FREE unlimited access to Reuters.comRegisterZURICH, Sept 2 (Reuters) – Credit Suisse (CSGN.S) is considering cutting around 5,000 jobs, about one position in 10, as part of a cost reduction drive at Switzerland’s second-biggest bank, a source …

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Credit Suisse chairman denies plans to sell or raise capital after mammoth loss

Speculation has emerged in recent months that Credit Suisse may be considering a capital raise.Thi My Lien Nguyen | Bloomberg | Getty ImagesCredit Suisse Chairman Axel Lehmann denied any intention to sell or merge the embattled Swiss lender after it reported a massive second-quarter loss.The bank posted a net loss of 1.593 billion Swiss francs …

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Credit Suisse expected to announce Koerner as CEO, latest change at helm – sources

July 26 (Reuters) – Credit Suisse Group AG (CSGN.S) is expected to announce Ulrich Koerner as its new chief executive, the latest management churn at the Swiss bank as it struggles to recover from a series of scandals, two sources familiar with the situation said on Tuesday.Pressure had been mounting on current CEO Thomas Gottstein …

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Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trialFormer banker found guilty of qualified money launderingBank plans to appealBELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country’s first criminal trial of …

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