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The Latest Breaking News from Credit Suisse

Stock markets slide despite easing recession risks

London (AFP) - Equities slid on Tuesday, with investors brushing off positive data as a risk that central banks will push interest rates higher and economies into recession.

AFP

Credit Suisse Hit by Another Scandal

A rogue employee left the bank with sensitive data of employees, including social security number and home addresses.

The Street

Struggling Credit Suisse Hit by New Scandal

A rogue employee left the bank with sensitive data of employees, including social security number and home addresses.

The Street

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US stocks fall again as British pound advances

New York (AFP) - Wall Street stocks fell for a second session Thursday with analysts pointing to consolidation of earlier gains in 2023, while the British pound rallied as the Bank of England chief expressed worry over inflation.

AFP

Credit Suisse shares sink after biggest loss since 2008 financial crisis

Geneva (AFP) - Credit Suisse stocks plunged nearly 15 percent on Thursday as the scandal-plagued Swiss banking giant posted its biggest annual loss since the 2008 financial crisis -- and warned it expects to stay in the red in 2023.

AFP

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

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

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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

Credit Suisse axes top bosses’ bonuses after biggest loss since financial crisis

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

The Guardian - UK

Credit Suisse posts biggest loss since 2008 financial crisis

Geneva (AFP) - Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to stay in the red in 2023, sending its shares plummeting.

AFP

Swiss prosecutors open probe into 'Suisse Secrets' leaker

Geneva (AFP) - Swiss prosecutors said Thursday they had opened an investigation into a massive leak last year of Credit Suisse account records, which a media probe alleged proved the bank held billions in dirty money.

AFP

Indian regulator looking into $86 billion Adani share wipeout

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.

Reuters

After turbulent year, UBS upbeat with eye on Asia

Zurich (AFP) - Swiss banking giant UBS voiced optimism for 2023 on Tuesday, hoping that higher interest rates and a swelling business in Asia would boost its results following a turbulent 2022.

AFP

Tennis great Roger Federer strips down for ‘vulnerable’ art project

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

The New Daily

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AFP

Macau ponders future even as tourists and gamblers return

Macau (AFP) - Macau's streets were packed in the run-up to the Lunar New Year after pandemic controls were abruptly lifted but it is far from business as usual as the Chinese casino hub wrestles with questions about its future.

Asharq Al-Awsat

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…

The Street

Credit Suisse Keeps Sinking

The second Swiss bank revives fears about its solvency yet again.

ABC News

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.

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AFP

Embattled Credit Suisse expects Q4 pre-tax loss

Zurich (AFP) - Credit Suisse predicted a surprise fourth-quarter pre-tax loss of up to $1.6 billion as the beleaguered bank undertakes a radical overhaul, sending stocks tumbling again on Wednesday.

AFP

Credit Suisse expects Q4 pre-tax loss of $1.6 bn

Zurich (AFP) - Credit Suisse predicted a surprise fourth-quarter pre-tax loss of up to $1.6 billion as the beleaguered bank undertakes a radical overhaul, sending stocks tumbling again on Wednesday.

The Guardian - UK

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

Benzinga

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.

The Independent UK

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 Guardian - UK

Labour MPs press Keir Starmer to set out ‘wealth tax’ plans

Leader under pressure to commit to higher taxes for super-rich as Tory government prepares spending cuts

The Street

Struggling Credit Suisse Is Dealt a Sharp Blow

The No. 2 Swiss bank is fighting to survive but concerns are growing.

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