In 2005, Bidzina Ivanichvili entrusted Credit Suisse with the management of more than 1 billion dollars. VANO SHLAMOV/AFP Credit Suisse announced Friday to appeal the decision. Another major setback for…
Tag: Swiss credit
Swiss justice received 230 complaints about high-risk bonds
By Le Figaro with AFP Published 2 minutes ago , Update just now Credit Suisse was acquired by UBS for 3 billion Swiss francs last March. PIERRE ALBOUY / REUTERS…
UBS boss wants ‘360 degree’ investigation into Credit Suisse fall
By Le Figaro with AFP Posted 14 minutes ago , Update just now The CEO of UBS wants a detailed analysis of the causes of the fall of Credit Suisse.…
Credit Suisse boss joins UBS management
By Le Figaro with AFP Published 9 hours ago , Update 5 hours ago UBS expects that “the legal fenceof the merger with Credit Suisse takes placein the next weeks“,…
net profit of 13 billion euros in the first quarter
By Le Figaro with AFP Posted 9 hours ago , Update 8 hours ago “data-script=”https://static.lefigaro.fr/widget-video/short-ttl/video/index.js” > Acquired by rival Swiss bank UBS, Credit Suisse is posting satisfactory results, with significant…
national regulator sued by bondholders
On Monday, the bank will publish its quarterly results which will be closely analyzed by UBS, forced to urgently buy it under pressure from the Swiss authorities. They were supposed…
Credit Suisse-UBS merger likely saved Swiss economy, Bern says
The Swiss finance minister said the government had acted in the country’s best interests by quickly arranging the takeover of Switzerland’s second-largest bank by UBS, its main rival in the…
Credit Suisse, Lehman Brothers… The killer weekends of high finance
GREAT STORY – As with the takeover of Credit Suisse by UBS, banking crises are often played out with the same deadline, that of the opening of the markets on…
UBS calls for help from its ex-boss to digest Credit Suisse
Sergio Ermotti, Wednesday in Zurich, after the announcement of his return to the head of the Swiss bank. ARND WIEGMANN/AFP DECRYPTION – Sergio Ermotti restructured UBS from 2011 to 2020.…
Senate report accuses Credit Suisse of complicity in tax evasion
By Le Figaro with AFP Published 14 minutes ago This report is the conclusion of two years of investigation conducted to ensure that the Swiss bank had indeed changed its…
Saudi National Bank chairman resigns after Credit Suisse takeover
By Le Figaro with AFP Posted 1 hour ago , Update 12 minutes ago “data-script=”https://static.lefigaro.fr/widget-video/short-ttl/video/index.js” > Ammar al-Khudair’s resignation is taking place “for personal reasons”, according to the statement. The…
Tidjane Thiam, former managing director of Credit Suisse, refuses to take the blame
“When I left, Credit Suisse had 3.5 billion Swiss francs in net profit (2019)“, emphasizes Tidjane Thiam. DENIS BALIBOUSE/REUTERS DECRYPTION – Pushed towards the exit in 2020, the Franco-Ivorian polytechnician…
The banking crisis invites itself to the European summit
By Anne Rovan Posted yesterday at 8:10 p.m. , Update yesterday at 8:10 p.m. European Commission President Ursula von der Leyen and ECB President Christine Lagarde in Brussels on Friday.…
European banks “extremely solid”, ures the boss of Societe Generale
The general manager of Societe Generale Frédéric Oudéa said on Saturday on BFM Business that European banks were “extremely strong“, against a backdrop of the emerging banking crisis after several…
Liquidating Credit Suisse would have caused “considerable” damage, according to the Swiss Minister of Finance
Liquidate Swiss credit would have caused economic damage “considerable“Said Swiss Finance Minister Karin Keller-Sutter, in an interview published on Saturday by the daily Neue Zürcher Zeitung (NZZ). The emergency takeover…