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SoftBank faces record loss as Masayoshi Son’s bets tumble again
TOKYO: Billionaire Masayoshi Son is poised to set another record – and not the good kind.
Son loses US$25bil in tech’s brutal winter
TOKYO: Masayoshi Son, SoftBank Group Corp’s billionaire founder, checks the chart. Then again. Another time. And once more for good measure.
No sign of light at end of tunnel for investors
Bank’s share price drops by nearly a third in a year
Insight - Credit Suisse needs Horta-Osorio’s reforms
AT first glance, it seems like a rare, refreshing moment of high principle in public life: Antonio Horta-Osorio, having twice broken Covid-related rules, resigns as chairman of Credit Suisse Group AG. But it’s not that simple.
Credit Suisse taps Axel Lehmann as chairman
Swiss insider to help put group back on path to stability
European shares gain with focus on healthcare M&A, Credit Suisse slips
LONDON: European shares closed higher on Monday, with healthcare stocks lifted by M&A activity, while Credit Suisse slipped after its chairman quit after an internal probe into his personal conduct.
Credit Suisse chairman quits after quarantine questions
ZURICH: Credit Suisse Group AG’s chairman Antonio Horta-Osorio (pic) resigned following scrutiny over reported quarantine breaches, an abrupt departure for a leader who had been tasked with guiding the Swiss banking giant past a series of scandals.
Swiss watchdog seeks more tools to go after errant bankers
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.
Credit Suisse to cut investment bank in wealth-led restructuring
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 to pay at least US$400m in Mozambique scandal
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.