Credit Suisse settles spying case with former wealth chief Khan
(BLOOMBERG) – Credit Suisse Group said it reached a settlement with its former wealth-management executive Iqbal Khan and a private detective firm, calling to a close a spying scandal that […]
Six Credit Suisse bankers exit as post-Archegos defections mount
NEW YORK (BLOOMBERG) – A half-dozen senior Credit Suisse Group bankers have left the firm in recent weeks, the latest in a raft of defections following the implosion of Archegos […]
Credit Suisse tightens hedge fund limits amid Archegos fallout
ZURICH (BLOOMBERG) – Credit Suisse Group is tightening the financing terms it gives hedge funds and family offices, in a potential harbinger of new industry practices after the Archegos Capital […]
Credit Suisse CEO faces anger in the ranks after Archegos mess
NEW YORK (BLOOMBERG) – For the second time in a little more than a week, Thomas Gottstein was facing a tough crowd: his own bankers. The chief executive officer of […]
Credit Suisse investment bank, risk chiefs to depart after Archegos fiasco: Sources
NEW YORK (REUTERS, BLOOMBERG) – Credit Suisse will announce the departure of two senior executives and detail how much it expects to lose through its exposure to Bill Hwang’s family office Archegos […]
Executive shake-up looms for Credit Suisse in Archegos fallout
ZURICH (BLOOMBERG) – Credit Suisse Group leaders are discussing replacing chief risk officer Lara Warner while sparing chief executive officer Thomas Gottstein as they tally losses that could reach into […]
Credit Suisse seeks to wind up Sanjeev Gupta’s commodity trading unit
LONDON (BLOOMBERG) – Credit Suisse Group is seeking to push one of Sanjeev Gupta’s key commodities-trading units into insolvency, presenting a new threat to his metal empire after the collapse […]
Archegos fallout wipes over US$9b from market value of Credit Suisse, Nomura
LONDON (REUTERS) – Investors on Wednesday (March 31) tallied the fallout from Archegos Capital’s dramatic meltdown, with Nomura and Credit Suisse shares losing a collective US$9 billion (S$12.1 billion) while […]
Credit Suisse shuts $2.67 billion insurance units after withdrawals
ZURICH (BLOOMBERG) – Credit Suisse Group is winding down two reinsurance vehicles with assets of about US$2 billion (S$2.67 billion) after key investors moved their funds out. Humboldt Re and […]