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Credit Suisse News
Credit Suisse nears $360 million deadline in fraud suit built on a hunch
Wed, Jul 11, 2018
When the high-end property development Lake Las Vegas collapsed during the 2008 financial crisis, 31 funds that helped finance the project lost a total of $540 million. But only one of them, Dallas-based hedge fund Highland Capital Management, aggressively pursued legal action against Credit Suisse.
RBI allows banks to spread bond trading losses
Mon, Apr 02, 2018
India`s state-run banks, which are already struggling under the burden of provisioning for record levels of bad loans, have been further hit by mark-to-market losses on their huge bond holdings due to a sustained spike in bond yields since July.
China startup NIO hires eight banks for up to $2 billion US IPO: Sources
Wed, Feb 28, 2018
NIO`s proposed IPO of $1 billion-$2 billion comes as the firm, founded by Chinese internet entrepreneur William Li in 2014, seeks fresh capital to finance its expansion and investments in areas including autonomous driving and battery technologies, one of them said.
Punjab National Bank launches up to $777 million share sale
Tue, Dec 12, 2017
India`s state-run banks are raising funds as part of a recapitalisation plan in which New Delhi will inject 1.35 trillion rupees through recapitalisation bonds.
US economy slowed less than expected in Q1; outlook cloudier
Sat, May 27, 2017
The US economy has slowed less than expected in the first quarter (Q1) and the softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter (Q2).
Deutsche Bank signs $7.2 billion settlement deal with US over risky mortgages
Wed, Jan 18, 2017
Deutsche Bank finalised a $7.2 billion settlement with the US Department of Justice over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.
US hits Credit Suisse, Deutsche Bank with toxic debt penalties
Sat, Dec 24, 2016
Credit Suisse and Deutsche Bank have been hit with a combined penalty of more than $12 billion over the sale of US toxic debt, further hampering two of Europe`s leading investment banks as they struggle with weak earnings.
Credit Suisse to cut costs further, lowers targets
Wed, Dec 07, 2016
Credit Suisse on Wednesday announced more than 1 billion Swiss francs ($991 million) in extra cost cuts as Chief Executive Tidjane Thiam tries to compensate for challenging conditions which have hampered his restructuring of the lender.
J&K Bank tumbles 20% in two days
Fri, Oct 14, 2016
On October 10, Chairman Parvez Ahmad of J&K Bank said, “Stability of the bank shall be our focus in the next six quarters. In order to improve the bottom-line growth, we may not book profits, pay dividends or taxes."
100 BSE-listed companies saw 5% sales jump in Q4 after year-long decline: Credit Suisse
Thu, Jun 02, 2016
As many as 18 firms saw growth of 20% and above, while nine saw surge of 30% and more in their quarterly sales figures.
Revenues of world's 12 largest investment banks down 25% in Q1: Survey
Tue, May 24, 2016
Investment banks have been hit by a steep decline in oil prices, near-zero interest rates and worries about China's economy, which triggered a wave of volatility in financial markets at the start of the year, normally the most lucrative period when investors put their money to work.
Aggregate debt of top corporates 'well within norms': SBI
Mon, May 09, 2016
SBI had 85 such accounts with aggregate non-performing assets (NPAs) of Rs 23,726 crore