The Latest Breaking News from Credit Suisse

Companies conduct layoffs to cut costs, but they end up being a pricey approach.

GENEVA: Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to fall deeper into the red in 2023, sending its shares tumbling.

Credit Suisse has reported a pre-tax loss of more than 1.3 billion Swiss francs, or about $1.4 billion, in the fourth quarter of last year

Swiss bank is cutting 9,000 jobs in restructuring programme after series of scandals

India's market regulator is examining a rout in the shares of billionaire Gautam Adani's companies, a source with direct knowledge told Reuters, as the losses triggered by a scathing U.S. short-seller report ballooned on Wednesday to $86 billion.

Roger Federer may be one of the greatest tennis players of all time – but that doesn't mean he's recognised wherever he goes.

LVMH Chairman and CEO Bernard Arnault has reshuffled top management at his luxury goods empire, tightening his family's grip with the appointment of his daughter Delphine to lead Christian Dior, and naming a new boss for Louis Vuitton. Pietro Beccari, who has been the head of Dior since 2018, is…

Australian shares rise after Wall Street climbs on hopes of a slower rate rise in the US, with European stocks closing at three-months highs.

Sanjeev Gupta-owned firm stands to win reprieve from creditors’ insolvency proceedings

Someone with a lot of money to spend has taken a bullish stance on MercadoLibre (NASDAQ:MELI). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Financing fossil fuels, which are the primary cause of climate change, has become controversial in recent years, with major banks under fire for the scale of their lending for oil and gas development