Credit Suisse, Switzerland’s second largest bank, said on Thursday that it recorded a net loss of 2.42 billion francs for 2015, weighed down by “substantial charges” it said did not reflect its underlying business performance.
Credit Suisse and Barclays will pay $154.3 million combined to settle charges that they violated federal securities laws over their so-called "dark pools" trading, the US Securities and Exchange Commission says.
A customer service representative for Credit Suisse defrauded a wealthy client of more than 50 million francs, the Tages Anzeiger newspaper reported on Wednesday, citing “well-informed sources”.
Credit Suisse has lowered its outlook for Swiss economic growth next year to one percent from a previously anticipated 1.2 percent as the country juggles negative interest rates and a strong franc.
UPDATED: After four months at the helm of Credit Suisse, chief executive Tidjane Thiam on Wednesday announced a sweeping Asia-focused overhaul of the bank that will axe thousands of jobs and raise billions in fresh capital.
Swiss banking giant Credit Suisse on Monday challenged a court ruling ordering it to pay a US hedge fund $287.5 million (257.6 million euros) in a case linked to the burst housing bubble.
A Geneva court has ruled that Credit Suisse's
decision to provide US tax authorities with information on an employee was illegal, according to the ruling made public on Monday.
After working for eight years in Zurich as the CEO of Credit Suisse, Switzerland's second largest bank, Brady Dougan admits he has not learned to speak German.
Swiss banking giant Credit Suisse says a strong performance by its investment banking unit helped first quarter net profit rise by 23 percent to 1.05 billion francs ($1.1 billion), outstripping forecasts by analysts.
Despite the negative impact of the strong franc, Switzerland should be able to avoid a recession this year “thanks to the robust situation of the global economy,” Credit Suisse said in a report issued on Tuesday.
The head of an African expats group says the appointment of Tidjane Thiam as the new CEO of Credit Suisse should improve the often negative image of Africans in Switzerland.
Credit Suisse announced on Tuesday that Tidjane Thiam, currently chief of UK-based insurer Prudential, will take over as chief executive from Brady Dougan who will step down at the end of June.
Swiss banking giant Credit Suisse on Thursday reported a better-than-expected profit for 2014 but also announced cost-savings measures to compensate for the higher value of the Swiss franc.
Credit Suisse, Switzerland’s second-largest bank, is set to charge large companies and pension funds a fee for depositing money with the financial institution.
Swiss banking giant Credit Suisse can be prosecuted for its role in the US housing finance meltdown, according to a court decision, which dismissed the company's bid to halt a suit.
Swiss banking giant Credit Suisse on Tuesday confirmed that it had created investment vehicles for scandal-mired Banco Espirito Santo before it was bailed out by the Portuguese government.
Credit Suisse, Switzerland's second-largest bank, posted an unexpectedly big net second-quarter loss on Tuesday as a huge US tax evasion fine sent it deep into the red.
Credit Suisse has asked a US court to delay sentencing in its tax-evasion case as it seeks a way to continue managing pension funds worth billions of dollars.
A former senior Credit Suisse investment banker was sentenced on Tuesday in New York for hiding around $100 million in losses on sub-prime mortgage bonds in the 2007 US housing market collapse.
Credit Suisse is under investigation in the United States to determine if it allowed traders use its network for improper transactions, the Wall Street Journal reported on Thursday.
Credit Suisse has settled a bitter and long-running US tax dispute with a guilty plea and an astronomical fine, in a sign of what other Swiss banks may have in store for them.
Brady Dougan, American expat CEO of Credit Suisse, is brushing aside calls to step down after Switzerland’s second-largest bank paid a whopping $2.6-billion fine to US authorities and pleaded guilty to a criminal charge of aiding tax evasion.
