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The Latest Breaking News from Credit Suisse Group AG

UBS mulls retaining Credit Suisse unit serving India’s rich

NEW DELHI: UBS Group AG is considering retaining Credit Suisse Group AG’s private banking unit in India after the emergency rescue of its smaller rival last month, paving the way for a potential return to the market.

The Times of India · Apr 12, 2023

Credit Suisse chairman ‘truly sorry’ for failure to stem crisis

ZURICH: Credit Suisse Group AG Chairman Axel Lehmann apologized to shareholders for failing to stem a loss of trust in the bank that he said had built up well before he took over.

The Times of India · Apr 4, 2023

Why These 3 High Volume Financial Stocks Are Not Worth Buying

Volumes have soared with bottom fishers expecting gains through the residual value of sunken financial stocks Credit Suisse (CS), First Republic (FRC), and Silvergate (SI). However, with deflating asset prices amid increasing interest rates, it would be wise to avoid them altogether. Continue reading….

StockNews.com · Mar 28, 2023

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Stocks Rally Off Morning Lows

What you need to know… The S&P 500 Index ($SPX ) (SPY ) is up +0.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.03%. After a opening up in the red, U.S. stock indexes...

Barchart · Mar 24, 2023

Bank Woes Weigh on Stocks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.55%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.61%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.53%. U.S. stock indexes this morning are moderately lower on...

Barchart · Mar 24, 2023

Volcker slayed inflation. Bernanke saved the banks. Can Powell do both?

History remembers Paul Volcker as the slayer of inflation, and Ben Bernanke as the crisis firefighter. Jerome Powell is in danger of having to play both roles at once — or, what may be worse, to choose between them.

Tribune News Service · Mar 24, 2023

UBS Acquisition Of Credit Suisse As Anxiety Builds Among Banks’ Subordinated Bondholders

UBS Group AG's takeover of Credit Suisse Group AG has done nothing to alleviate market concerns about the banking sector

Zenger · Mar 23, 2023

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The one winner and many losers of UBS’s Credit Suisse rescue

BERN: UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.

The Times of India · Mar 20, 2023

Credit Suisse surges 40% on lifeline, fueling bank-stock rally

PARIS: Credit Suisse Group AG shares surged as much as 40% after Switzerland’s central bank stepped in to support the lender, triggering a rally in bank stocks across Europe on easing investor concern that the firm’s troubles would trigger a global banking crisis.

The Times of India · Mar 16, 2023

Nifty index heads for correction amid global turmoil

MUMBAI: India’s benchmark NSE Nifty 50 Index headed for a technical correction amid the global selloff triggered by rising concerns about the health of Swiss lender Credit Suisse Group AG.

The Times of India · Mar 16, 2023

Europe, US futures rally on Credit Suisse funding

Futures for European and U.S. equity futures advanced, Asian stocks pared losses and Treasuries fell Thursday as news that Credit Suisse Group AG would borrow money from Switzerland’s central bank provided a measure of calm for investors.

Tribune News Service · Mar 16, 2023

US bank stocks sink as Credit Suisse fear spurs renewed rout

Stocks of major U.S. lenders sank with a sector gauge hitting the lowest level since November 2020 on Wednesday, following European banks down after Credit Suisse Group AG plunged.

Tribune News Service · Mar 15, 2023

Neelkanth Mishra quits Credit Suisse, set to join Axis Bank

MUMBAI: Neelkanth Mishra, co-head of Asia Pacific strategy at Credit Suisse Group AG, has resigned from the company and is set to join Mumbai-based Axis Bank Ltd, according to people familiar with the matter.

The Times of India · Mar 15, 2023

Credit Suisse chairman Axel Lehmann takes pay cut, waives $1.6 million award

Credit Suisse Group AG Chairman Axel Lehmann is forgoing a payment of 1.5 million Swiss francs ($1.6 million) for his first full year on the job, as the bank reported its worst annual performance since the 2008 financial crisis.

The Times of India · Mar 14, 2023

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The Times of India · Nov 2, 2022

Credit Suisse cut to one level above junk status by S&P

Credit Suisse Group AG’s long-term rating was downgraded by SP Global Ratings to just one level above junk status, underscoring the bank’s challenges after it laid out a radical restructuring plan last week.

Benzinga · Oct 6, 2022

Here's The Latest On The Potential Credit Suisse Collapse

Credit Suisse Group AG (NYSE: CS) dominated headlines Monday morning amid rising concerns about the Swiss bank's financial health and new developments

Benzinga · Oct 4, 2022

Trading Credit Suisse's Technical Levels As Markets Sweat The Bank's Future

It is hard to imagine that Monday's news cycle on Credit Suisse Group AG (NYSE: CS) would have a positive impact on

Benzinga · Oct 4, 2022

As Credit Suisse Woes Inspire Parallels To 2008 Financial Crisis, Analyst Says 'Much Different Environment, Much Different Situation'

A senior analyst with Bloomberg Intelligence, Alison Williams, said the “key issue” with Credit Suisse Group AG (NYSE: CS) is structural profitability and dismissed parallels drawn with the 2008 financial crisis which saw the

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Benzinga · Oct 3, 2022

Is It 2008 All Over Again For Credit Suisse?

Credit Suisse Group AG (NYSE: CS) shares recovered early morning losses and traded higher by 2.4% on Monday following a report by the Financial Times that the Swiss bank has been reaching out to investors to r

The Times of India · Oct 3, 2022

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

Credit Suisse Group AG’s new chief has asked investors for less than 100 days to deliver a new turnaround strategy. Turbulent markets are making that feel like a long time.

StockNews.com · Aug 11, 2022

5 Struggling Stocks That Could Fall Even More

Inflation declined slightly from the 40-year high in July. However, it remained elevated, which could encourage the Fed Reserve to maintain its hawkish stance on tightening monetary policy, driving the market volatility further. Amid this scenario, we think it could be wise to avoid struggling stocks Carnival Corporation & plc…

Benzinga · Jun 28, 2022

Ahead Of Investor Deep Dive Event, Credit Suisse Fined For Cocaine Money Laundering Case: Report

Credit Suisse Group AG (NYSE: CS) will hold an Inv

StockNews.com · Jun 16, 2022

Stocks to Avoid: 3 Companies That Recently Issued Profit Warnings

The persistent macroeconomic and geopolitical headwinds continue to keep the stock market under immense pressure. Amid the uncertainties surrounding the stock market, it could be wise to avoid shares of Charles River Laboratories International (CRL), Credit Suisse Group AG (CS), and The Scotts Miracle-Gro (SMG) as these hard-hit companies have…

Benzinga · Jun 9, 2022

State Street Might Tap Credit Suisse As Takeover Interest

Credit Suisse Group AG (NYSE: CS) could receive a takeover offer from U.S. financial giant State Street (NYSE: STT), stated a media report a day earlier.

Benzinga · Jun 8, 2022

Credit Suisse Warns On Q2 Loss, Mulls Workforce Reduction To Save Costs

Credit Suisse Group AG (NYSE:CS) is looking for another round of job cuts to manage costs after warning of a second-quarter loss, Bloomberg reported citing people familiar with the matter. The people said that the bank is mulling headcount reductions across divisions and regions. Final numbers are still to be decided, they said. …

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