Credit Suisse

223 results about this entity

Period: 01 Nov 2005 - 22 Jun 2023

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Credit Suisse investors sue bank’s NY execs over ‘toxic culture’

/wholesale

Credit Suisse investors sue bank’s NY execs over ‘toxic culture’

A group of creditors for failed Swiss bank Credit Suisse have launched legal action against a number of executives in its US operations, alleging that a “toxic culture” that “valued short-term gain over long-term trust” had been allowed to prevail.

Credit Suisse reports material weaknesses in financial reporting

/regulation

Credit Suisse reports material weaknesses in financial reporting

Shares in Credit Suisse have slumped by a further five percent as the Swiss lender identifies material weaknesses in its financial reporting processes.

Banks lead $65 million investment in crypto-infrastructure firm Taurus

/crypto

Banks lead $65 million investment in crypto-infrastructure firm Taurus

Credit Suisse has led a $65 million Series B round in Swiss crypto infrastructure provider Taurus, with participation from other major financial institutions.

Swiss prosecutors investigate 2022 Credit Suisse data leak

/crime

Swiss prosecutors investigate 2022 Credit Suisse data leak

Swiss prosecutors have launched criminal proceedings aimed at those responsible for the 2022 leak at Credit Suisse which exposed the details of accounts held by wealthy clients allegedly involved in a host of illegal activity.

Curve secures $1 billion credit facility from Credit Suisse

/payments

Curve secures $1 billion credit facility from Credit Suisse

All-in-one card and financial app Curve has secured a $1 billion credit line from Credit Suisse to support its instalment transaction product Curve Flex as it scales across the UK, the EU and the United States

Credit Suisse to slash 9000 jobs on £3.5 billion quarterly loss

/wholesale

Credit Suisse to slash 9000 jobs on £3.5 billion quarterly loss

Scandal-stricken lender Credit Suisse is to slash 9000 jobs and hive off its investment banking unit after posting a £3.5 billion loss in its third quarter.

/people

Jesper Andersen named new head of IT Switzerland at Credit Suisse

Jesper Andersen will assume the role of Head of IT Switzerland at Credit Suisse from January 1, 2023, consequently becoming a member of the Executive Board of Credit Suisse (Switzerland) Ltd. and the Chief Information Officer Management Committee.

Credit Suisse teams with Girls Who Code to diversify tech talent

/markets

Credit Suisse teams with Girls Who Code to diversify tech talent

Credit Suisse is collaborating with non-profit venture Girls Who Code to develop a pipeline of new technology talent for the bank's Wall Street operations.

Wall Street players launch syndicated loan platform

/markets

Wall Street players launch syndicated loan platform

Some of the biggest banks on Wall Street are backing a new syndicated loan platform, called Versana, that is aiming to bring transparency, efficiency and velocity to the $5 trillion market.

Credit Suisse calls in expert help to hunt down whistleblower

/crime

Credit Suisse calls in expert help to hunt down whistleblower

Credit Suisse has called in outside experts to help find the source of a leak that exposed the details of accounts held by wealthy clients allegedely involved in torture, drug trafficking, money laundering, and corruption.

/people

Credit Suisse chairman António Horta-Osório resigns for breaking Covid quarantine rules

Credit Suisse Group today announced that the Board of Directors (Board) has appointed Axel P. Lehmann as the bank’s new Chairman effective immediately. He succeeds António Horta-Osório, who resigned following an investigation commissioned by the Board.

/people

Credit Suisse Group chairman Horta-Osório resigns after breaking Covid-19 rules

Credit Suisse Group today announced that the Board of Directors (Board) has appointed Axel P. Lehmann as the bank’s new Chairman effective immediately. He succeeds António Horta-Osório, who resigned following an investigation commissioned by the Board. Under the leadership of Axel Lehmann, the Board and the Executive Board will continue to execute Credit Suisse’s strategy, driving forward the transformation of the bank.

French and Swiss central banks hail completed wholesale CBDC trial

/crypto

French and Swiss central banks hail completed wholesale CBDC trial

The Banque de France, the Swiss National Bank and BIS Innovation Hub are hailing the completion of their cross-border wholesale central bank digital currency (wCBDC) experiment.

/regulation

EU fines banking giants €344 million over FX price fixing cartel

The European Commission has completed its cartel investigation into the Foreign Exchange (‘Forex') spot trading market by imposing fines on five banks.

Credit Suisse digital-only bank CSX signs up 100,000 customers in first year

One year after the launch of CSX, this brand is familiar to every second person in Switzerland. Levels of client activity, the take-up of products and services, and deposited assets provide further confirmation that with CSX, Credit Suisse is successfully reaching its target group of digitally savvy clients.

'The master of kickbacks': Credit Suisse hit with $475 million fine by global regulators

/crime

'The master of kickbacks': Credit Suisse hit with $475 million fine by global regulators

Credit Suisse has been hit with a £147 million penalty by the Financial Conduct Authority, as part of a $475 million global resolution agreement, for serious financial crime due diligence failings related to loans worth over $1.3 billion, which the bank arranged for the Republic of Mozambique.

Credit Suisse poaches HSBC's Orazio Tarda as global co-head of fintech

/people

Credit Suisse poaches HSBC's Orazio Tarda as global co-head of fintech

Credit Suisse has filled a fintech-sized hole in its invesment banking division with the appointment of HSBC's Orazio Tarda as co-head of fintech.

Credit Suisse leads $20 million round in financial data company Daloopa

/startups

Credit Suisse leads $20 million round in financial data company Daloopa

Credit Suisse has led a $20 million Series A financing round in Daloopa, a provider of AI-powered data extraction services to hedge funds, investment banks, and other financial institutions.

Credit Suisse appoints chief tech and ops officer

/people

Credit Suisse appoints chief tech and ops officer

Swiss banking firm Credit Suisse has named former Goldman Sachs tech exec as chief technology and operations officer.

/payments

Credit Suisse opens interfaces to private clients

Credit Suisse opens up its interfaces to private clients and now offers payment transactions via the ePost app

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