May 07, 2021 09:07 AM IST
The Swiss brokerage has also warned that it will delay the economy reaching potential growth rate by an additional two-three years beyond 2022-23.
- Apr 20, 2021 12:15 PM IST
Greensill Capital’s fall from grace could cost Credit Suisse’s clients as much as $3 billion
- Apr 06, 2021 08:54 AM IST
The two executives are paying the price for a year in which Credit Suisse’s risk management protocols have come under harsh scrutiny, with two major relationships turning sour in quick succession, saddling the bank with what JPMorgan Chase & Co analysts estimate could add up to $7.5 billion.
- Mar 30, 2021 02:32 PM IST
A primer on what went wrong at Archegos and the important learnings it offers, also in the Indian context.
- Mar 30, 2021 09:13 AM IST
Excess leverage is the main cause behind the present crisis, but the instrument used is CFDs or contracts-for-difference
- Mar 29, 2021 09:37 PM IST
Credit Suisse didn't identify the significant hedge fund or the other banks affected, or give other details of what happened. News reports identified the hedge fund as New York-based Archegos Capital Management.
- Mar 24, 2021 04:11 PM IST
Whenever there is an advent of new technology, it goes on to hurt the incumbents, said Ashish Gupta.
- Mar 10, 2021 09:56 PM IST
Greensill began to unravel last week after losing insurance coverage for its debt repackaging business, prompting Credit Suisse to freeze its Greensill-linked funds.
- Feb 12, 2021 09:14 PM IST
Credit Suisse on January 8 announced it was increasing by $850 million the provisions set aside for the MBIA case and others involving mortgage backed securities, leading to an expected fourth-quarter loss.
- Jan 07, 2021 08:07 PM IST
Sona Comstar is likely to file DRHP in February as 2021 is likely to see another listing from the Blackstone stable. The PE major has also begun work on an IPO by its housing finance portfolio company Aadhar Housing Finance.
- Oct 29, 2020 04:32 PM IST
Abhay Soi, a first-generation entrepreneur and turnaround expert in the hospitals segment is the Chairman of Max Healthcare. He holds a 23.26 percent stake while co-promoter private equity firm KKR holds 51.94 percent.
- Aug 25, 2020 02:00 PM IST
Credit Suisse said it expects to implement the changes by the end of this year, reducing the number of branches in Switzerland to 109 from 146.
- Jun 23, 2020 12:30 PM IST
The firm seeks to improve its capital adequacy ratio and debt-to-equity ratio and boost its lending business through this rights issue.
- Jun 18, 2020 09:34 AM IST
On a year-to-date basis, Asian markets are still trading in the negative territory compared to their American counterparts who are not only net positive, but trading near record highs following the COVID-19 led crash.
- May 14, 2020 06:10 PM IST
It was this market frenzy that helped Swiss banks UBS and Credit Suisse - the world's biggest wealth managers - post bumper first-quarter profits while much of the global banking sector was scrambling to make provisions to withstand the economic fallout from the pandemic.
- Mar 24, 2020 01:03 PM IST
Credit Suisse in a note to its clients said that almost 45 percent of the top 200 stocks by market cap are down by about 30 percent from their respective life highs, but we still do not believe it is time to bottom fish.
- Feb 07, 2020 04:05 PM IST
The spying scandal had exacerbated tensions between Thiam and Chairman Urs Rohner, people close to the bank have said. Although several major shareholders pledged their support for Thiam this week, he struggled to win the backing of the board.
- Feb 04, 2020 09:35 PM IST
Credit Suisse, which has been criticised by Greenpeace for investing in fossil fuels, gained access to emails, tipping the bank off to demonstrations planned against it, the report said.
- Dec 19, 2019 05:41 PM IST
The slowdown was aggravated by de-stocking due to monetary tightness
- Dec 19, 2019 01:51 PM IST
Credit Suisse expects narrow market performance to continue for now, as economic uncertainty continues to push funds into the “safe” stocks
- Oct 31, 2019 06:15 PM IST
In a meeting with the internal committee of Sebi, the firm proposed to pay Rs 25.35 lakh, as per the settlement order dated October 30.
- Oct 17, 2019 08:30 PM IST
“Indian debt levels are high, they are uncomfortable. The result of the stimulus programme has been that Indian bond yields have gone up a bit but if Indian growth does recover then the country will probably get the inflows of funds to finance that,” he observed.
- Oct 01, 2019 07:10 PM IST
Credit Suisse Chairman Urs Rohner told a news conference Thiam still enjoyed the full confidence of the board.
- Sep 19, 2019 03:30 PM IST
The near-term outlook for the sector looks bleak and a lot will depend on how consumers spend during the coming festive season.
- Sep 18, 2019 10:30 AM IST
The brokerage prefers Nestle India, Dabur India, Colgate Palmolive as they are turnaround stories on market share gains.