The Latest Breaking News from Credit Suisse

Alphabet spent $2 billion on layoffs. Here’s how much job cuts cost Meta, Amazon, and 7 other companies

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

Fortune · Feb 9, 2023

Credit Suisse posts biggest loss since 2008

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.

Bangkok Post · Feb 9, 2023

Credit Suisse posts $1.4B pre-tax loss as woes go on in 4Q

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

The Independent UK · Feb 9, 2023

LVMH Names New Louis Vuitton CEO, Puts Arnault Daughter in Charge of Dior

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…

Asharq Al-Awsat · Jan 11, 2023

Credit Suisse looks to speed up cuts as revenue outlook worsens

ZURICH: Credit Suisse is accelerating cost cuts announced just weeks ago, Chairman Axel Lehmann said on Friday, as client outflows and a slowdown in activity weigh on the Swiss bank's revenue outlook.

The Times of India · Dec 2, 2022

ASX rises after gains on Wall Street as US Federal Reserve minutes suggest slower rate hikes ahead

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.

ABC News · Nov 23, 2022

Credit Suisse expects Q4 pre tax loss of up to $1.58 billion

ZURICH: ZURICH: Credit Suisse expects to make a pre tax loss of up to 1.5 billion Swiss francs ($1.58 billion) during its fourth quarter, the embattled Swiss bank said, as it prepares to ask shareholders permission for a $4 billion equity hike.

The Times of India · Nov 23, 2022

Liberty Steel Group says it is nearing deal with Credit Suisse and Greensill

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

The Guardian - UK · Nov 15, 2022

Check Out What Whales Are Doing With MELI

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.

Benzinga · Nov 4, 2022

Major banks support rainforest oil project despite problems

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

The Independent UK · Nov 4, 2022