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ZURICH: Credit Suisse Group AG is considering moving its Asian investment banking operations into its global securities and advisory business as part of a wider overhaul by chairman Antonio Horta-Osorio to turn around the troubled bank.
ASSET managers are about to see trading costs surge under new rules meant to reduce risk in the US$15.8 trillion (RM65.64 trillion) derivatives market.
HONG KONG: Deutsche Bank Wealth Management said it has hired three executives from Credit Suisse to work across South-East Asia as part of an ongoing expansion strategy for the region
ZURICH: Credit Suisse Group AG sold US$3.75bil (RM15.84bil) of bonds as the bank recovers from losses stemming from the March collapse of Archegos Capital Management.
TOKYO: Nomura Holdings Inc, Japan's biggest brokerage and investment bank, on Friday reported a 66% drop in first-quarter net profit due to a slowdown in the trading business and a previously flagged loss from the Archegos debacle.
ZURICH: Credit Suisse Group AG failed to properly monitor tens of billions of dollars of exposure that piled up while handling trades for Archegos Capital Management that generated relatively little revenue, according to people briefed on the findings of the bank’s internal inquiry.
Firm to stop offering cash prime-brokerage in US, Europe
ZURICH: Credit Suisse expects to decide on a new strategy by the end of the year, chairman Antonio Horta-Osorio said in his first interview since assuming the role at the troubled lender.