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  • HDFC Bank's market cap now 10 times higher than that of crisis-hit Credit Suisse Oct 04, 2022 03:33 PM IST

    HDFC Bank's market cap now 10 times higher than that of crisis-hit Credit Suisse

    Currently, HDFC Bank's m-cap stands at $99.10 billion while Credit Suisse's m-cap is $11 billion. A year ago, Credit Suisse had a market cap of $26 billion.

  • No, Credit Suisse isn't on the brink Oct 04, 2022 09:50 AM IST

    No, Credit Suisse isn't on the brink

    The Swiss bank has enough capital, but volatile markets have deepened worries and raised the costs of its restructuring

  • Credit Suisse in market spotlight despite moves to calm concerns Oct 04, 2022 06:42 AM IST

    Credit Suisse in market spotlight despite moves to calm concerns

    The situation prompted Swiss regulator FINMA and the Bank of England in London, where the lender has a major hub, to monitor what was happening and work closely together, one source familiar with the matter said.

  • Moneycontrol Selects: Top stories this evening Oct 03, 2022 06:56 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles to help you stay at the top of your game

  • MC Explains | Credit Suisse and the darkening spectre of instability Oct 03, 2022 04:40 PM IST

    MC Explains | Credit Suisse and the darkening spectre of instability

    Swaps on Credit Suisse bonds have surged to 14-year highs, cementing fears. While comparison with Lehman Brothers may seem overdramatic, the bank’s troubles surely go deeper than they appear. Given its "too big to fail" tag, markets are in for a tumultuous period.

  • Credit Suisse shares fall around 10% in early trading Oct 03, 2022 01:33 PM IST

    Credit Suisse shares fall around 10% in early trading

    Credit Suisse has solid capital and liquidity, Chief Executive Ulrich Koerner told staff in a memo last week.

  • Credit Suisse shares hit record low as CEO fails to calm markets Oct 03, 2022 01:00 PM IST

    Credit Suisse shares hit record low as CEO fails to calm markets

    The cost of insuring the firm’s bonds against default climbed about 15% last week to levels not seen since 2009 as the shares touched a new record low.

  • Stock Market LIVE: World on brink of another 'Lehman moment'? | Markets with Santo & CJ Oct 03, 2022 08:59 AM IST

    Stock Market LIVE: World on brink of another 'Lehman moment'? | Markets with Santo & CJ

    Credit Suisse and Deutsche Bank are on the centre stage this week as rumours spread about the ability of the two giants to remain solvent. CJ fears that a new "Lehman moment" is arriving for the global financial system because of surging global interest rates but Santo appears more calm but cautious. Watch as the duo plumb through the crisis facing Credit Suisse and what it could mean for India's IT sector, which is already under the cosh.

  • Credit Suisse CEO Ulrich Koerner seeks to calm markets as default swaps climb Oct 03, 2022 07:08 AM IST

    Credit Suisse CEO Ulrich Koerner seeks to calm markets as default swaps climb

    The cost of insuring the firm’s bonds against default climbed about 15% last week to levels not seen since 2009 as the shares touched a new record low.

  • Credit Suisse considers splitting investment bank in three Sep 22, 2022 10:47 AM IST

    Credit Suisse considers splitting investment bank in three

    Under proposals to the board, the bank is looking to sell profitable units such as its securitised products business to prevent a damaging capital raise, the report said, citing people familiar with the plans.

  • Credit Suisse: The richest 1 percent of Indians have 41 percent of the nation’s wealth Sep 22, 2022 09:41 AM IST

    Credit Suisse: The richest 1 percent of Indians have 41 percent of the nation’s wealth

    The Credit Suisse Global Wealth Report for 2022 says much of the growth of household wealth this century in the US and India has bypassed the lower and middle wealth tiers 

  • Credit Suisse looking at cutting around 5,000 jobs in cost drive: Source Sep 02, 2022 06:44 AM IST

    Credit Suisse looking at cutting around 5,000 jobs in cost drive: Source

    The scale of the potential job cuts underlines the challenge facing Credit Suisse and its new chief executive, who is seeking to put it back on an even keel after a string of scandals.

  • Meet Dixit Joshi, the new CFO of Credit Suisse Aug 22, 2022 11:01 PM IST

    Meet Dixit Joshi, the new CFO of Credit Suisse

    Dixit Joshi will take over from David Mathers, and will assume office from October 1. Earlier, he had played a crucial role in stabilising Deutsche Bank during its struggles with investor mistrust and credit rating downgrades. These are the same challenges Credit Suisse is facing now.

  • Credit Suisse Group AG appoints Dixit Joshi as CFO to replace David Mathers Aug 22, 2022 10:56 AM IST

    Credit Suisse Group AG appoints Dixit Joshi as CFO to replace David Mathers

    In another top management reshuffle, Francesca McDonagh has been appointed as group chief operating officer (COO) from September 19

  • SpiceJet, Credit Suisse agree to withdraw litigation from Supreme Court Aug 18, 2022 12:12 PM IST

    SpiceJet, Credit Suisse agree to withdraw litigation from Supreme Court

    The parties had arrived at an in-principle settlement earlier this year.

  • Chart of the Day: Nifty valuations can withstand inflation up to 8% Aug 10, 2022 09:56 AM IST

    Chart of the Day: Nifty valuations can withstand inflation up to 8%

    According to a Credit Suisse analysis, if inflation goes above 8%, then the stock market will de-rate fast.

  • Credit Suisse expected to announce Ulrich Koerner as CEO, latest change at helm: Sources Jul 27, 2022 08:16 AM IST

    Credit Suisse expected to announce Ulrich Koerner as CEO, latest change at helm: Sources

    Pressure had been mounting on current CEO Thomas Gottstein for months over major scandals and losses racked up during his two-year tenure that have hammered shares and angered investors. In recent months some investors had called for replacing Gottstein, but the bank resisted.

  • Credit Suisse plans to announce exit of CEO Thomas Gottstein, WSJ says Jul 27, 2022 07:42 AM IST

    Credit Suisse plans to announce exit of CEO Thomas Gottstein, WSJ says

    While the timing of Gottstein’s departure couldn’t be determined, an announcement may come as soon as Wednesday, when the Swiss bank is scheduled to release its quarterly financial results, the Journal said, citing people familiar with the bank.

  • Indian market can tank another 1,000 points if US enters deep recession, says Credit Suisse's Jitendra Gohil Jun 27, 2022 05:31 PM IST

    Indian market can tank another 1,000 points if US enters deep recession, says Credit Suisse's Jitendra Gohil

    A steep market correction is also likely if the crude shoots to the unprecedented level of $140 or $150 a barrel, he said

  • Credit Suisse faces verdict in cocaine-cash trial Jun 27, 2022 11:18 AM IST

    Credit Suisse faces verdict in cocaine-cash trial

    Credit Suisse and one of its former employees face charges of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros from 2004 to 2008.

  • Credit Suisse director fired for assaulting waiter. Shocking outburst captured on camera Jun 11, 2022 07:25 PM IST

    Credit Suisse director fired for assaulting waiter. Shocking outburst captured on camera

    A director for Credit Suisse was fired after assaulting a waiter in a shocking video that emerged online last week.

  • Credit Suisse shares spike on reported State Street takeover interest Jun 09, 2022 06:47 AM IST

    Credit Suisse shares spike on reported State Street takeover interest

    Credit Suisse shares ended up 3.8% in Zurich after jumping following the report in the Swiss financial blog. From lows hit earlier in the day, the shares were up more than 14%. The broader European stock market was down 0.7%.

  • Credit Suisse weighs new round of job cuts after loss warning Jun 08, 2022 02:16 PM IST

    Credit Suisse weighs new round of job cuts after loss warning

    The Swiss bank is considering headcount reductions across divisions including investment banking and wealth management in different regions, said the people, who asked not to be identified as the matter is private.

  • Credit Suisse weighs options to strengthen capital: Sources May 31, 2022 06:45 AM IST

    Credit Suisse weighs options to strengthen capital: Sources

    The size of the increase would be likely to exceed 1 billion Swiss francs ($1.04 billion), but this has not yet been determined, said one of the people, who declined to be named because the deliberations are still internal.

  • Credit Suisse says market to bottom out soon as double-digit earnings growth expected over next few years May 25, 2022 02:42 PM IST

    Credit Suisse says market to bottom out soon as double-digit earnings growth expected over next few years

    The Credit Suisse report reiterates its overweight call on equities globally saying that there is extreme investor pessimism and their base case is not for the US or a global recession.

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