Credit Suisse

The bank reportedly lost a case against the former Georgian billionaire prime minister.
A former employee of the bank stole from several private banking clients.

Thursday, 24/03/2022 | 09:11 GMT by Arnab Shome

Executive Moves

Credit Suisse Names Christian Gellerstad to Succeed Severin Schwan, as VC

Gellerstad brings around 20 years of financial experience to the role.
Schwan chose not to stand for Board re-election due to shareholder opposition.

Monday, 21/03/2022 | 09:03 GMT by Tom Hazan

Executive Moves

Mizuho Americas Has Recruited Dominic Konstam as Its MD and Head of Macro Strategy

Dominic Konstam brings more than three decades of financial experience to the position.
His experience includes portfolio management, global rates, Forex and more.

Wednesday, 16/03/2022 | 13:44 GMT by Tom Hazan

Institutional FX

Credit Suisse Aims to Almost Halve Emissions Financing to Fossil Fuels

The plan looks to reduce exposure to emissions it financed between 2020 and 2021.
This is the first report to detail the bank's exposure to fossil fuel emissions.

Thursday, 10/03/2022 | 21:19 GMT by Felipe Erazo

Institutional FX

Credit Suisse Has $914M Russian Exposure, Calls It ‘Not Significant’

All US and European banks are now disclosing their Russian exposures.
UniCredit has the most Russian exposure in Europe with $8.1 billion.

Thursday, 10/03/2022 | 09:08 GMT by Arnab Shome

Executive Moves

HKEX Will Place Daniel Sonder as Its Co-Head of Emerging Business Development

Sonder will be in charge of advancing the Group’s emerging business opportunities.
He will work alongside his Co-Head, Julien Martin.

Wednesday, 09/03/2022 | 11:15 GMT by Tom Hazan

Executive Moves

Credit Suisse Makes Structural Changes to Its Asset Management Business

Colin Fitzgerald, Jo McCaffrey, Filippo Rima join Credit Suisse's Asset Management Business.
The structure was announced back in November to draw in investment.

Wednesday, 02/03/2022 | 11:02 GMT by Tom Hazan

Institutional FX

Data Leak Shows Credit Suisse’s Criminal Clientele, Bank Denies Wrongdoings

It took deposits from drug traffickers and individuals involved in other serious crimes.
It is also fighting allegations of money laundering lapses in a Swiss court.

Monday, 21/02/2022 | 09:48 GMT by Arnab Shome

Executive Moves

Zenfinex Has Recruited Michel Chabbouh as CEO MENA to Head Its UAE operations

Chabbouh brings more than fourteen years of experience in Forex and banking.
He will head the company’s UAE-based operations as the new CEO MENA.

Wednesday, 16/02/2022 | 11:47 GMT by Tom Hazan

Institutional FX

Credit Suisse Q4 2021 Losses Sink to $2.17 Billion

The bank sided 1.1 billion Swiss francs in 2021 as litigation provisions.
It ended the year with $1.7 billion in losses.

Thursday, 10/02/2022 | 08:43 GMT by Arnab Shome

Executive Moves

BTIG Adds Three New Appointments to Its Structured Products Trading Team

The new hires will report to Alejandro Feely, the MD and Head of Structured Products.
The Structured Products team navigate with precision and focus on client success.

Wednesday, 09/02/2022 | 08:38 GMT by Tom Hazan

Institutional FX

Credit Suisse AML Lawsuit Will Determine Future of Swiss Banking Rules

The bank allegedly laundered the money of a Bulgarian drug trafficker.
It is the first criminal case against any Swiss bank.

Tuesday, 08/02/2022 | 09:55 GMT by Arnab Shome

Institutional FX

Credit Suisse to Face Class-Action Lawsuit in the US for FX Rigging

The bank was a part of a cartel. However, the other 15 banks settled with investors.
Several traders of the bank allegedly shared non-public price information in chat rooms.

Wednesday, 02/02/2022 | 11:55 GMT by Arnab Shome

Executive Moves

Credit Suisse Launches New Wealth Management Structure

Credit Suisse announces a number of key appointments
New management structure in place

Tuesday, 01/02/2022 | 10:37 GMT by Nicholas Otieno

Institutional FX

Credit Suisse to Defend $45M Penalty Order in Swiss Court

The bank is accused of its failures in anti-money laundering rules.
Antonio Horta-Osorio recently quit as Credit Suisse Chairman in a controversial way.

Monday, 31/01/2022 | 13:38 GMT by Arnab Shome

Executive Moves

Credit Suisse Onboards Robery Huray as SE Asia Investment Banking Vice-Chairman

Huray will be in charge of coverage in SE Asia of the global industrials group.
Nick Thursby Also Joins as the Head of Financial Institutions Group in SE Asia.

Monday, 31/01/2022 | 11:54 GMT by Tom Hazan

Institutional FX

Credit Suisse Faces $9 Million Fine from US Regulator

The company violated multiple US regulatory laws meant to protect investors.
It has already accepted and consented to the order.

Friday, 21/01/2022 | 11:31 GMT by Arnab Shome

Executive Moves

Saxo Markets UK Adds Nicholas Wilcock and Michael Ridley to Its UK Board

Wilcock spent more than a quarter of a century at Credit Suisse.
Ridley has over forty years of experience in investment banking.

Tuesday, 11/01/2022 | 13:05 GMT by Tom Hazan

Executive Moves

Dieter Enkelmann Steps Down as Julius Baer CFO as Evie Kostakis Steps Up

Enkelmann plans to move on to other non-executive posts outside the bank.
Kostakis will succeed Enkelmann as CFO and Member of the group and bank’s Executive Board.

Wednesday, 22/12/2021 | 14:13 GMT by Tom Hazan

Executive Moves

Credit Suisse Appoints Dierk Von Schuckmann as CFO Asset Management

The executive worked for over 10 years at UBS, recently in the Asset Management unit.

Wednesday, 27/10/2021 | 18:07 GMT by Felipe Erazo

Institutional FX

Credit Suisse Spied on 7 Executives: FINMA

The bank earlier admitted surveillance on two former executives.

Wednesday, 20/10/2021 | 08:45 GMT by Arnab Shome

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