Credit Suisse Group AG

Credit Suisse weighs capital hike, possibility of exiting US market

Credit Suisse weighs capital hike, possibility of exiting US market

One of the biggest challenges for Credit Suisse this quarter was litigation costs. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse is sounding out investors for fresh cash, two people familiar with the matter said, approaching them for the fourth time in roughly seven years as it attempts a radical overhaul of …

Credit Suisse weighs capital hike, possibility of exiting US market Read More »

Fed hike fears, Jackson Hole in focus

London Stock Exchange Toby Melville | Reuters LONDON — European markets retreated slightly on Monday as fears of more aggressive interest rate hikes from the Federal Reserve returned to the fore. The pan-European Stoxx 600 slipped 0.3% in early trade, with autos falling 0.8% to lead losses while health care stocks added 0.4%. Shares in …

Fed hike fears, Jackson Hole in focus Read More »

Credit Suisse names its top stock picks for the rest of 2022

Analysts at Credit Suisse have named their top stock picks for investors looking to navigate the continued uncertainty in the market. Investors grappled with a steep sell-off to start the year — one that drove the S & P 500 into a bear market. At the same time, the Federal Reserve has been forced to …

Credit Suisse names its top stock picks for the rest of 2022 Read More »

Credit Suisse hit with stock and credit downgrades after earnings plunge

Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse shares slipped on Wednesday after Goldman Sachs downgraded the stock to “sell” following credit rating downgrades from Moody’s and S&P. The embattled Swiss lender’s shares were down slightly by …

Credit Suisse hit with stock and credit downgrades after earnings plunge Read More »

Credit Suisse chairman denies plans to sell or raise capital after mammoth loss

Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse Chairman Axel Lehmann denied any intention to sell or merge the embattled Swiss lender after it reported a massive second-quarter loss. The bank posted a net loss of 1.593 …

Credit Suisse chairman denies plans to sell or raise capital after mammoth loss Read More »

Credit Suisse names Ulrich Koerner as CEO, launches strategic review as losses deepen

Credit Suisse on Wednesday announced that CEO Thomas Gottstein would step down as the bank reported a massive second-quarter loss, as poor investment bank performance and mounting litigation provisions hammered earnings. The embattled Swiss bank posted a net loss of 1.593 billion Swiss francs ($1.66 billion), far below consensus expectations among analysts for a 398.16 …

Credit Suisse names Ulrich Koerner as CEO, launches strategic review as losses deepen Read More »

Credit Suisse CEO to step down from embattled investment bank, WSJ says

Credit Suisse Chief Executive Thomas Gottstein addresses the Finanz und Wirtschaft Forum conference in Zurich, Switzerland, September 2, 2020. Arnd Wiegmann | Reuters Credit Suisse CEO Thomas Gottstein is about to step down from the embattled investment bank, the Wall Street Journal reported on Tuesday. The Zurich-based bank will soon announce the departure of Gottstein …

Credit Suisse CEO to step down from embattled investment bank, WSJ says Read More »

Big week for earnings, monetary policy

LONDON — European markets were mixed on Monday as investors braced for a big week of corporate earnings and a key monetary policy decision from the US Federal Reserve. The pan-European Stoxx 600 hovered around the flatline by mid-morning, having initially dropped more than 0.4% in early trade. Banks jumped 1.8% while travel and leisure …

Big week for earnings, monetary policy Read More »

The world is growing old at a rapid pace. Here are ways to invest

When the coronavirus pandemic first struck in early 2020, some speculated that lockdowns would lead to a boom in American births as couples were forced to stay home. The opposite happened instead: US population growth decelerated in 2020 and even further last year, to the slowest pace in the 246-year history of the nation, according …

The world is growing old at a rapid pace. Here are ways to invest Read More »

Family offices are a $6 trillion colossus in investing and deal-making

The post-pandemic wealth boom has sparked an explosion in family offices, creating a new gold rush among Wall Street firms, private equity funds and investment advisors to manage the fortunes of the world’s richest families. Family offices now manage more than $6 trillion in wealth, according to some estimates, surpassing the estimated $4 trillion managed …

Family offices are a $6 trillion colossus in investing and deal-making Read More »