Tag: Archegos
UBS ticks off Archegos scandal for Credit Suisse
UBS subsidiary Credit Suisse The scandal surrounding Archegos and his manager Bill Hwang caused Credit Suisse a loss of five billion US dollars in mid-March 2021. (Photo: Reuters) Zurich UBS…
Why the situation of Credit Suisse is precarious
Credit Suisse logo in Berne The reason for the troubles at Credit Suisse is its failure in the core business of every bank: managing risks. (Photo: REUTERS) A systemically important…
Why the situation of Credit Suisse is precarious
Credit Suisse logo in Berne The reason for the troubles at Credit Suisse is its failure in the core business of every bank: managing risks. (Photo: REUTERS) A systemically important…
Credit Suisse posts its highest loss since the financial crisis
Zurich, Frankfurt Credit Suisse boss Ulrich Körner is combative: “Our employees in asset management are completely convinced that they can retrieve all lost customer funds.” The bank has started a…
Credit Suisse posts its highest loss since the financial crisis
CreditSuisse The Swiss bank has made a significant loss because of its corporate restructuring. (Photo: Reuters) Zurich, Frankfurt In 2022, the major Swiss bank Credit Suisse, which was plagued by…
Commentary on the Credit Suisse Crisis: A Question of Culture
The Credit Suisse logo The major Swiss bank will not only present quarterly figures on Thursday, but also a restructuring plan. (Photo: dpa) The major Swiss bank Credit Suisse only…
Credit Suisse could lose 4,000 jobs
Credit Suisse headquarters in Zurich Cuts are also threatened at the headquarters in Zurich. (Photo: Bloomberg via Getty Images) Zurich Credit Suisse is considering cutting 4,000 jobs. The Handelsblatt learned…
US central bankers crack down on inflation
9.1 percent more inflation, that means for the masters of money in Washington, to raise the interest rate by 0.75 points for the second time in a row – now…
Lufthansa becomes Bodenhansa
Lufthansa becomes Bodenhansa. Germany’s flight monopoly had scared away its clientele with flight cancellations and a blatant lack of staff, but now the chaos is increasing again. A total of…
CEO Gottstein is apparently on the verge of extinction
Zurich According to a media report, Thomas Gottstein’s days at the helm of Credit Suisse are numbered. The resignation of the head of the second largest Swiss bank, who has…
Former chief supervisor at Credit Suisse has a new consultant job
António Horta-Osório The Chairman of the Board of Directors of Credit Suisse actually wanted to reform the bank’s risk management and culture – now he is stepping down. (Photo: Reuters)…
Credit Suisse appears to be considering options to strengthen capital
Lettering of the major Swiss bank Credit Suisse Zurich According to insiders, the major Swiss bank Credit Suisse is examining measures to strengthen capital. The considerations are at an early…
Credit Suisse, Citi & Co. are courting Germany’s multi-millionaires
Own pool Banks are fighting for the rich: the institutes have to prepare for tough competition. (Photo: Getty Images/Caiaimage) Zurich, Frankfurt Robert Cielen has big plans: the head of asset…
Surprisingly robust start to the year
Zurich/Frankfurt The nervousness was great before the start of the quarterly season of the major European banks. How would the war in Ukraine, the growing risk of inflation and the…
UBS posts best quarterly results since 2007
The Swiss bank UBS struggled with the collapse of its client Archegos. (Photo: Reuters) Zurich Thanks to a booming trading business, UBS got off to the best start to the…
UBS posts best quarterly results since 2007
The Swiss bank UBS struggled with the collapse of its client Archegos. (Photo: Reuters) Reuters UBS posted its highest quarterly profit since 2007 in the first three months of 2022…
Macron’s victory is not a triumph
In view of this result, so many stones have fallen from Europe’s hearts that they could trigger a tsunami in the English Channel. The horror visions that something like Donald…
Credit Suisse changes several top managers
CreditSuisse The major Swiss bank does not make it out of the crisis. (Photo: Bloomberg) Zurich According to media reports, Credit Suisse is planning a large-scale restructuring of the board:…
Credit Suisse changes several top managers
CreditSuisse The major Swiss bank does not make it out of the crisis. (Photo: Bloomberg) Zurich According to media reports, Credit Suisse is planning a large-scale restructuring of the board:…
Credit Suisse starts the year with a quarterly loss
CreditSuisse The final quarterly figures are to be published as planned on April 27th. (Photo: Bloomberg) Zurich After losing billions in 2021, the major Swiss bank Credit Suisse also started…