Search Results for: Credit Suisse
Credit Suisse profits down 34 percent
April 16th, 2014
Swiss bank Credit Suisse says net profit fell 34 percent in the first quarter as bond-market woes hurt earnings at its investment banking business. Profit fell to 859 million Swiss francs ($979 million) from 1.303 billion francs in the ...
Credit Suisse Restates Fourth-Quarter Loss on U.S. Tax Provision
April 3rd, 2014
Credit Suisse Group (CSGN) AG, the second-biggest Swiss bank, restated its fourth-quarter loss after taking additional provisions related to the U.S. probe into whether the bank helped Americans evade taxes. The net loss amounted to 476 million Swiss francs ...
FINMA finds deficiencies in anti-money laundering processes at Credit Suisse
September 19th, 2018
The Swiss Financial Market Supervisory Authority FINMA has concluded two enforcement procedures against Credit Suisse AG. In the first procedure, FINMA identified deficiencies in the bank’s adherence to anti-money laundering due diligence obligations in relation to suspected corruption involving ...
Pound Sterling to Avoid a 10% Hit Against the Euro and Dollar say Credit Suisse
January 19th, 2017
Pound to Euro exchange rate today: 1.1560 Euro to Pound Sterling exchange rate today: 0.8652 Pound to Dollar exchange rate today: 1.2324 Pound Sterling was forecast to take another 10% slump on hard-Brexit manifesting itself according to Credit Suisse ...
Financial adviser banned for price manipulation of MINI warrants issued by Credit Suisse
November 10th, 2016
On 8 September 2016, ASIC banned Michael Spencer, formerly a financial adviser, from providing financial services for three years. ASIC found that Mr Spencer engaged in manipulation of the price of three types of MINI warrants issued by Credit ...
Credit Suisse, HSBC dismiss ‘Panama Papers’ tax avoidance allegations
April 6th, 2016
Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. Their comments came a day after a leak of four decades ...
Credit Suisse, Barclays and Deutsche Bank under new management
December 28th, 2015
In 2015, new bank chief executives have been rather like buses. You wait ages while anger mounts over regulation of the service, then three turn up at once. In the space of seven months in 2015, a trio of ...
Credit Suisse, Julius Baer eye bids for BTG Pactual’s Swiss unit
December 10th, 2015
Credit Suisse (CSGN.VX) and Julius Baer (BAER.VX) are among a handful of banks vying to buy the Swiss private-banking arm of embattled Brazilian investment bank Grupo BTG Pactual SA (BBTG11.SA) in a cut-price deal, sources with direct knowledge of ...
Swiss Lawmakers to Vote on New Rules for UBS, Credit Suisse
September 16th, 2015
Banks may have to hold larger capital buffers, separate investment banking from other operations Swiss lawmakers may deliver a sharp reminder to the country’s biggest banks, UBS Group AG and Credit Suisse Group AG, that they remain under close scrutiny at ...
Credit Suisse, Barclays in Talks to Settle ‘Dark Pool’ Allegations
August 12th, 2015
U.S. regulators could levy large fines over alleged wrongdoings Credit Suisse Group AG and Barclays PLC, two of the biggest operators of “dark pools,” have entered settlement negotiations with the New York attorney general and the Securities and Exchange Commission over allegations of ...
