All the updated news related to credit suisse

All the news related to credit suisse updated in real time

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City

Former Lloyds boss Horta-Osorio quits Credit Suisse after investigation

The former boss of Lloyds Banking Group has stepped down as chairman of Credit Suisse after less than 12 months following an investigation into his personal actions. Antonio Horta-Osorio, who steered lending giant Lloyds back into private ownership ...

17 Jan 2022 at 07:55

World

Credit Suisse CEO resigns as bank posts second quarter loss

Credit Suisse has said its CEO Thomas Gottstein is resigning after two and a half years in the job, as he announced “disappointing” results, plunging revenues and a net loss in the second quarter. These are the latest signs that the top-drawer ...

27 Jul 2022 at 09:56

City

Credit Suisse to shed 9,000 staff in ‘radical’ cost-saving programme

Investment bank Credit Suisse has announced it is to slim down its global workforce by 9,000 as it ploughs ahead with huge cost-cutting measures. The Switzerland-based banking giant said it wants to reduce its cost base by 2.5 billion Swiss ...

27 Oct 2022 at 12:57

City

Gupta’s Liberty Steel closes in on deal with lenders

Under-pressure industrial giant Liberty Steel has signed an outline of a deal that could see its creditors recoup at least some of its money and allow the company to keep going. Sanjeev Gupta’s business said that the deal – although it is ...

15 Nov 2022 at 12:27

UK economy expected to be second-worst in G20 this year – OECD

The UK’s economy is expected to perform the worst out of any Group of 20 (G20) economies apart from Russia this year and next, new analysis has suggested. The Organisation for Economic Co-operation and Development (OECD) said that it ...

17 Mar 2023 at 12:56

City

US bank deal helps lift London stocks after week of troubles

An overnight injection of cash into another US bank seemed to have brought some more optimism to London’s traders on Friday morning as they sent the FTSE 100 back into positive territory for the year. The index gained another 1.1% ...

17 Mar 2023 at 09:31

City

Stock markets rebound as Chancellor ‘stands ready’ after banking turmoil

Stocks have rebounded as the Chancellor said the UK Government “stands ready” to act if there is instability in the global markets as they adjust to a period of higher interest rates. It came as US Treasury Secretary Janet Yellen ...

21 Mar 2023 at 17:23

World

Credit Suisse shares soar after £45bn central bank aid announced

Credit Suisse’s shares soared by 30% on Thursday after it announced it will shore up its finances by borrowing up to £45 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the ...

16 Mar 2023 at 09:16

City

Credit Suisse shares tumble to lowest ever price after delaying annual report

Global banking giant Credit Suisse has seen its share price drop to its lowest ever level after revealing the publication of its annual report would be delayed. The Switzerland head-quartered bank has suffered huge losses and ...

09 Mar 2023 at 15:37

City

Credit Suisse boss saddened by bank’s collapse fuelled by ‘unfounded rumours’

The boss of Credit Suisse has expressed his “deep personal regret” over the collapse of the bank that was significantly weakened by “unfounded rumours and speculation”. Ulrich Korner, the chief executive of the Swiss banking ...

04 Apr 2023 at 15:34

World

Credit Suisse accused of hindering probe into Nazi-linked accounts

US senators have accused embattled Swiss bank Credit Suisse of limiting the scope of an internal investigation into Nazi clients and Nazi-linked accounts – including some open that were until just a few years ago. The US ...

19 Apr 2023 at 11:35

City

Credit Suisse saw £55bn pulled from bank in lead-up to collapse

Credit Suisse has revealed it saw 61 billion Swiss francs (£55 billion) leave the bank in the first three months of the year as customers rushed to withdraw cash prior to its collapse. The Swiss financial giant suffered ...

24 Apr 2023 at 08:14

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