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ZURICH: The chairperson of Switzerland’s financial watchdog has called for more power to punish wayward bankers after a string of scandals tarnished the sector’s international reputation.
EVERY week before I choose a topic to write, I weigh between the topics I enjoy writing versus an urgent need to address a pertinent issue in the realm of economics, finance or policies.
ZURICH: Credit Suisse Group AG will shrink its investment bank and shift more resources to the wealth management unit as part of a restructuring intended to draw a line under a tumultuous year in which it was rocked by the Archegos Capital Management and Greensill scandals.
CREDIT Suisse Group AG agreed to pay almost $475 million to resolve multiple investigations into its role in a fundraising scandal that saw hundreds of millions looted from Mozambique and tipped the country into economic crisis.
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.