Credit Suisse Stories
Russian Economy 2015: Ruble Overvalued As Crude Oil Prices Drop, Threatening Kremlin Budget And Recession, Credit Suisse Says
“The revenues from oil exports need to increase, and I don’t see any other solution but through devaluing the ruble,” a Credit Suisse analyst said.
To Weaken Swiss Franc, Switzerland Banks Extend Use Of Negative Interest Rates
The Swiss National Bank said its monetary policy is based on two pillars: negative interest rates and a willingness to intervene in the currency market, if necessary.
Banker Bonuses: Despite Weak Earnings, Boards At Top European Banks Will Give Big Payouts To Keep Top Executives
Europe’s top investment banks are restructuring, but one thing won’t change: Bonuses for their top executives will rise.
Philippine Economy Misses Expectations On Industry, Farming And Remittances
Asia's third-fastest growing economy was dragged by industry and agriculture and the first drop in remittances from overseas Filipinos in years.
China Security Law Vexes US Tech Firms: Sacrifice Secrets, Or Sales?
Beijing's demand that U.S. tech companies provide access to data on their systems -- and at times share source code -- has some questioning their future in China.
UBS Postpones Profitability Target, Says Q3 Profit Beats Expectations On One-Time Tax Gain
Switzerland’s largest bank pushed its profitability target by two years, as stricter regulations back home and ongoing lawsuits hampered growth.
Obama Administration Waives Penalty Against Convicted Bank Credit Suisse, Allowing Bank To Manage Pension Money
Credit Suisse gets exemption after its employees donated $380,000 to Obama campaigns.
Credit Suisse To Raise $6.3B In New Capital As Q3 Results Disappoint
The Swiss lender announced Wednesday it would raise $6.3 billion in fresh capital, after reporting a sharper-than-expected drop in third-quarter profits.
IBM Corporation (IBM) Q3 Revenue Of $19.3B Misses Street, Shares Fall In After-Hours Trading
Big Blue, which reported lower-than-expected quarterly sales Monday, could face "a prolonged period of underperformance" as it moves to the cloud.
Singapore Avoids Recession Despite China Slowdown But Still Weakens Currency To Help Exporters
The nation's central bank -- which uses the exchange rate, rather than interest rates, to boost or slow the economy -- said it will slow the rate of appreciation of the Singapore dollar for the second time this year.
Top 1 Percent Owns Half Of All Global Wealth, Per Credit Suisse Report
Global inequality continued to rise in 2015, driven largely by growth in financial assets, according to the annual Credit Suisse Global Wealth Report.
What's Wrong With European Banks? Deutsche Bank, Credit Suisse Continue On Bumpy Road
News hit investors Thursday that Credit Suisse was seeking extra risk-absorbing capital, a day after Deutsche Bank announced massive writedowns.
Credit Suisse Revamp To Boost Asia, While Cutting Jobs In Zurich: Paper
The financial institution's new strategy would lead to fewer jobs in Zurich and new jobs in both Hong Kong and Singapore.
Strategies In The Spotlight For A Trio Of New European Bank CEOs
John Cryan may cut as many as 23,000 staff members at Deutsche Bank AG alone.
Deutsche Bank To Pull Investment Banking Unit Out Of Russia
The troubled bank is under investigation for allegations that Russian clients had laundered money worth billions of dollars through its services.
Global Stocks Slip Into The Red Ahead Of Looming Fed Rate Decision
Investors remained cautious ahead of next week’s crucial meeting of the U.S. Federal Reserve, when a decision on hiking interest rates is expected.
FIFA Soccer Corruption Scandal: US Inspecting Major Banks In Relation To Money Laundering Issues
U.S. officials are investigating banks for alleged money laundering related to a FIFA bribery scandal.
US Banks Post Detailed Crisis Plans To Avoid Breakup Threat
After the last financial crisis, banks were required to submit "living wills" each year to show how they would deal with bankruptcy during a crisis.
China’s Biggest Real Estate Developers Partner Amid Slowing Property Market
Shopping mall giant (Dalian) Wanda, owned by China’s richest man, and mega residential developer Vanke have announced a "stunning" partnership.
Tesla Motors Inc (TSLA) Q1 Earnings Preview: What To Watch In The Model S Maker's Q1 Results
The maker of electric vehicles is set to release its first-quarter earnings results on Wednesday, days after it said its Powerwall storage batteries are coming.
Tinder May Actually Be Worth Something With 100K Paying Users
New moneymaking efforts by the once-free dating app are exceeding expectations.
Credit Suisse Says Prudential Head Thiam Will Replace CEO Dougan
Brady Dougan will step down as chief executive of the Swiss bank at the end of June.
Global Banks Under Investigation For Alleged Price Rigging Of Precious Metals: Report
The U.S. Department of Justice is investigating 10 major banks over allegations of price-fixing of precious metals.
US Office Supply Chains Staples, Office Depot In 'Advanced Talks' To Merge: Report
If the two companies announce a merger, the combined entity could have a market value of about $15 billion.
US Veterans Sue Banks, Alleging Terrorist Connections
It’s the latest case pitting victims of terrorist attacks against financial institutions under the U.S. Anti-terrorism Act.
Five European Banks Sued For Allegedly Facilitating Iran-Backed Attacks On US Troops In Iraq
The lawsuit accuses the banks of violating sanctions imposed on Iran by disguising financial transactions to facilitate fund transfers.
Pension Deal Spotlights 'Placement Agent' Business, Raises Conflict-Of-Interest Questions
Days after Credit Suisse directed North Carolina pension funds to Erskine Bowles' firm, the firm paid Credit Suisse $775,000.
Alibaba Shares Expected To Start Trading 23% Higher Than Offering Price
Orders for shares of Alibaba are coming in at $84 to $87, which is 23 percent higher than the $68 IPO price.
Alibaba Sets IPO Price At $68, At High End Of Expected Range
Robust pricing has set up what may be the biggest IPO in U.S. history.
Alibaba IPO: 5 Reasons Why China’s E-Commerce Giant Is Going Public
Going public with Alibaba could potentially raise $25 billion, and maybe make it the biggest IPO in U.S. history. What's the real strategy?