Aberdeen to Buy Credit Suisse Assets
Credit Suisse said it is selling parts of its asset-management business to Aberdeen Asset Management in return for a 24.9% interest in the British investment firm.
Credit Suisse Bonuses: Illiquid Securities
Credit Suisse will pay a big portion of 2008 bonuses to top bankers with a group of illiquid securities.
Credit Suisse to Use Its Illiquid Investments to Pay Bonuses
Credit Suisse Group said it will use its own illiquid assets, such as mortgage-backed securities, to pay senior staff at its investment bank year-end bonuses.
Credit Suisse to Use Its Illiquid Assets to Pay Bonuses
Credit Suisse Group said it will use its own illiquid assets, such as mortgage-backed securities, to pay senior staff at its investment bank year-end bonuses.
Credit Suisse Bonuses: Illiquid Assets
Credit Suisse Group said it will use its own illiquid assets, such as mortgage-backed securities, to pay senior staff at its investment bank year-end bonuses.
Credit Suisse Reveals Big Loss
Credit Suisse will slash 11% of its work force, or about 5,300 workers, after it said it incurred a loss of $2.48 billion in two months.
Credit Suisse to cut another 5,300 jobs (International Herald Tribune)
Nomura of Japan also announced 1,000 job cuts at its London office as the financial crisis and economic downturn intensifies.Source : International Herald Tribune (subscribe)Explore : Banking, Citigroup, Goldman Sachs Group
Credit Suisse Cuts 5,300 Jobs
Credit Suisse announced it would cut 5,300 jobs ? 11 percent of its global workforce and Nomura of Japan said that it planned 1,000 job cuts at its London office.
Credit Suisse cutting 5,300 jobs after loss (CNN)
Credit Suisse will cut 5,300 jobs -- about 11 percent of its workforce -- following a net loss of about 3 billion Swiss francs ($2.5 billion) in October and November, the Swiss bank announced Thursday.Source : CNN (subscribe)
Credit Suisse cutting 5,300 jobs after loss
Credit Suisse will cut 5,300 jobs -- about 11 percent of its workforce -- following a net loss of about 3 billion Swiss francs ($2.5 billion) in October and November, the Swiss bank announced Thursday.
Credit Suisse shedding 5,300 jobs after loss (CNN)
Credit Suisse will cut 5,300 jobs -- about 11 percent of its workforce -- following a net loss of about 3 billion Swiss francs ($2.5 billion) in October and November, the Swiss bank announced Thursday.Source : CNN (subscribe)
Credit Suisse cuts 5,300 jobs worldwide (Miami Herald)
Credit Suisse says it will cut 5,300 jobs as a result of the global financial crisis.Source : Miami Herald (subscribe)
Credit Suisse shedding 5,300 jobs after loss
Credit Suisse will cut 5,300 jobs -- about 11 percent of its workforce -- following a net loss of about 3 billion Swiss francs ($2.5 billion) in October and November, the Swiss bank announced Thursday.
Credit Suisse Posts Loss, Cuts Jobs
Credit Suisse said it reported a net loss of $2.48 billion for the first two months of this quarter, and will cut 5,300 jobs in a major cutback of its investment-banking arm.
Credit Suisse Swings to Loss
Credit Suisse confirmed that it swung to a third-quarter loss as its investment bank suffered heavily from the market turmoil that marked much of the period.
UBS and Credit Suisse secure major support packages (International Herald Tribune)
The two Swiss banking giants said Thursday that they had secured support totaling some $14.1 billion, either from the Swiss authorities or from outside investors including the Qatar Investment Authority.Source : International Herald Tribune (subscribe)
Credit Suisse and UBS Get Funds
The two leading Swiss banks said they had emergency support totaling some $14.1 billion, from the authorities or from outside investors.
UBS and Credit Suisse Get Urgent Funds
The two leading Swiss banks said they had emergency support totaling some $14.1 billion, from the authorities or from outside investors.
UBS and Credit Suisse Get Urgent Bailout Funds
The two leading Swiss banks said that they had secured emergency support totaling some $14.1 billion, either from the Swiss authorities or from outside investors.
UBS and Credit Suisse get urgent bailout funds (International Herald Tribune)
The two leading Swiss banks said that they had secured emergency support totaling some $14.1 billion, either from the Swiss authorities or from outside investors.Source : International Herald Tribune (subscribe)
Credit Suisse to Charge for Analysts
Credit Suisse will start charging some new clients to speak to analysts as part of a deal with research firm Gerson Lehrman.
Ex-Credit Suisse broker pleads not guilty to fraud (The Earth Times Online Newspaper)
NEW YORK (Reuters) - A former Credit Suisse broker pleaded not guilty on Friday to criminal charges of fraud in connection with allegedly unauthorized dealings of auction-rate debt.Source : The Earth Times Online Newspaper (subscribe)Explore : Business
Ex-Credit Suisse Brokers Charged in $1B Subprime Fraud Scheme (Findlaw)
Federal officials have filed securities fraud charges against two former Credit Suisse brokers, accusing the pair of securities fraud in connection with the purchase of auction rate securities (ARS) tied to high-risk subprime debt. The charges are part of the...Source : Findlaw (subscribe)Explore : Law
FBI arrests ex-Credit Suisse broker (The Earth Times Online Newspaper)
NEW YORK (Reuters) - An indicted former Credit Suisse broker was in U.S. custody on Thursday to face charges over deceptive sales of subprime-related auction-rate debt, the FBI said.Source : The Earth Times Online Newspaper (subscribe)Explore : Business, Federal Bureau of Investigation, New York
Ex-Credit Suisse Brokers Charged with ARS Fraud (CFO)
The SEC sued two former brokers for selling auction-rate securities backed by subprime assets despite telling customers otherwise.Source : CFO (subscribe)Explore : Finance
DealBook: Credit Suisse Results Beat Estimates
Credit Suisse posted a smaller-than-expected fall in second-quarter earnings on Thursday, sending its shares sharply higher in Zurich and giving some investors new hope that the turmoil in the financial sector was showing signs of easing. The Swiss bank?s earnings easily beat analysts? forecasts, despite falling 62 percent to 1.2 billion Swiss francs ($1.16 billion), because [...].
Credit Suisse Returns to Profit
Credit Suisse reported solid second-quarter earnings, with investment and private banking both contributing to the bank's return to profit after a loss in the first quarter.
Credit Suisse's Net Slides Sharply
Credit Suisse reported a 62% decline in quarterly net profit, as turmoil roiling financial markets took a heavy toll on its investment-banking business, but results beat analysts' expectations.
Callan Exits Lehman for Credit Suisse
Erin Callan, whose rise and fall at Lehman Brothers transfixed Wall Street, has resigned to join Credit Suisse.
Erin Callan Moves to Credit Suisse
Former Lehman finance chief Erin Callan is joining Credit Suisse as head of its investment bank's global hedge-fund business.
Credit Suisse Venture Cleared
Credit Suisse won approval from Chinese regulators to set up a joint-venture securities firm with Founder.
Credit Suisse Gets China Approval
Credit Suisse won approval to set up a joint-venture securities firm in China with Founder Securities, the first such deal to get the go-ahead under new arrangements for Sino-foreign securities companies unveiled last December.
Write-Downs Thump Credit Suisse
Credit Suisse swung to a larger-than-expected first-quarter net loss after taking $5.2 billion in write-downs for big buyout loans and mortgage securities.
Credit Suisse Swings to Large Loss
Credit Suisse swung to a larger-than-expected first-quarter net loss after taking $5.2 billion in write-downs for big buyout loans and mortgage securities.
Credit Suisse Plans Vietnam Push
Credit Suisse Group is looking to expand into Vietnam's share underwriting market, and plans to decide on joint-venture plans by the end of this year, according to its chief executive for Asia Pacific.
Credit Suisse Expects to Post a Loss
Citing large write-downs and losses related to ?intentional misconduct? at its trading desk, the Swiss banking giant said that it expected to post its first quarterly loss since 2003.
DealBook: Credit Suisse Expects Loss in Quarter
Credit Suisse warned it was unlikely to be profitable in the first quarter, partly because of this month's tough markets and partly because of previously flagged pricing errors that it said Thursday stemmed from "intentional misconduct by a small number of traders." Credit Suisse's shares fell as much as 11 percent in Swiss trading. Some analysts said [...].
Credit Suisse Expects Quarterly Loss
Credit Suisse said it likely wasn't profitable in the first quarter, and cut last year's net profit by $789 million following an internal probe into securities valuations.