Search Results for: Credit Swiss
Citibank Sues Two Former Goldman Sachs Partners Over $29 Million Swiss Franc Margin Call
March 19th, 2015
The sharp and unexpected rise of the Swiss franc in January resulted in big losses for hedge funds, investment banks and other currency speculators, even causing some hedge funds to shut down. Now, there is a lawsuit over a ...
Pru’s boss jumps into Swiss role
March 10th, 2015
Prudentail boss Tidjane Thiam is set to leave the FTSE 100 giant later this year to head Swiss banking titan Credit Suisse, it emerged last night. The surprise exit, which would bring the curtain down on a six-year tenure at the ...
Swiss Banks Try to Keep Italian Clients After Tax Deal Is Signed
February 26th, 2015
Swiss asset managers, faced with the prospect of an exodus of Italian funds, have won a reprieve. An agreement to share tax information among the two nations signed Monday means Italy will remove Switzerland from a black list, enabling ...
HSBC files: Swiss bank hid money for suspected criminals
February 13th, 2015
HSBC’s Swiss bank concealed large sums of money for people facing allegations of serious wrongdoing, including drug-running, corruption and money laundering, leaked files reveal. Despite being legally obliged since 1998 to make special checks on high-risk customers, the bank ...
Credit Suisse Returns to Profit, Offers Stock Dividend Option
February 12th, 2015
Credit Suisse Group AG swung to a fourth-quarter profit, announced additional asset reductions and proposed investors choose whether to receive their dividend in shares or cash for 2014 amid pressure to boost capital. Net income amounted to 921 million ...
Apple Goes Ahead With Swiss Franc Bond Sale
February 10th, 2015
Deal Will Be Apple’s Second Bond Sale Outside of the U.S. Apple Inc. was poised to complete a Swiss-franc bond sale on Tuesday, taking advantage of the country’s record-low borrowing costs. The company was seeking to raise at least 1 ...
Swiss banks try to calm scared shareholders
January 21st, 2015
SWISS financial institutions and firms that trade with them yesterday tried to reassure investors who had been walloped by the soaring franc last week, after the central bank removed the currency’s peg with the euro. The Swiss National Bank ...
London Capital Group Statement on Swiss Franc movement
January 16th, 2015
Following yesterday’s announcement by the Swiss National Bank, which resulted in extreme movement in the value of the Swiss Franc, and a sudden reduced liquidity in the Swiss Franc foreign exchange market, London Capital Group provides an update on ...
Swiss Stocks Tumble, European Equities Rise After SNB
January 15th, 2015
Stocks in Switzerland tumbled, led by the nation’s exporters, while the Euro Stoxx 50 Index rose, after the Swiss National Bank (SNBN) unexpectedly ended its minimum exchange rate. The Swiss Market Index plummeted 8.7 percent at 2:14 p.m. in ...
Credit Suisse says Milan offices searched by Italian tax police
January 8th, 2015
Credit Suisse said on Thursday its offices in Milan were searched by Italian tax police last month, following reports of an investigation into whether a Bermuda subsidiary of the Swiss bank helped wealthy Italians hide undeclared funds. “We can ...
