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Credit Suisse CEO pockets $12 mn despite back-to-back losses

Credit Suisse Chief Executive Tidjane Thiam`s pay for his first full year in the job swelled to 11.9 million Swiss francs ($12 million), while bonuses rose 6 percent despite back-to-back annual losses at Switzerland`s second-biggest bank.

Hedge fund investors focused on emerging market this year: Report

Global hedge fund investors remain positive about their growth and return prospects and are focused on emerging market this year with a particular emphasis on Asia Pacific and India, says a report.

Britain lost $1.5 trillion in household wealth since Brexit vote: Study

Britain lost $1.5 trillion in household wealth since Brexit vote: Study

Britain lost $1.5 trillion (1.4 trillion euros) in household wealth in 2016, a blow caused by the pound’s free-fall after the Brexit vote, Switzerland’s second largest bank Credit Suisse said Tuesday. 

Indian wealth falls 0.8% to $3 trillion in 2016: Credit Suisse

Indian wealth falls 0.8% to $3 trillion in 2016: Credit Suisse

Hit by adverse currency movements, India's household wealth has fallen by USD 26 billion to USD 3 trillion in the current year, shows the latest report by global financial services major Credit Suisse.

Credit Suisse underweight on Expensive 4 club including India

Credit Suisse underweight on Expensive 4 club including India

Global brokerage major Credit Suisse is 'underweight' on Indian equities and said that the country is one of the four most overvalued markets along with Indonesia, the Philippines and Malaysia.

Number of chronically stressed companies rise: Credit Suisse

Number of chronically stressed companies rise: Credit Suisse

Showing unabated corporate debt troubles, the number of 'chronically stressed companies' has gone up this year with a significant 39 percent firms having insufficient revenue to service even their interest costs, a new survey showed today.

HDFC Bank is now more valuable than major European peers

HDFC Bank is now more valuable than major European peers

Beating major European peers, HDFC Bank has gone ahead to become highly valuable lending institution only behind five European banks with worth more than $45 billion (RS 3.012 lakh crore). 

India tops Credit Suisse emerging consumers scorecard 2016

 Indian consumers remain most optimistic, among nine nations surveyed by Credit Suisse, about their current and future finances and relatively lower inflation expectations.

Credit Suisse, HSBC dismiss "Panama Papers" tax avoidance allegations

Credit Suisse, HSBC dismiss "Panama Papers" tax avoidance allegations

Credit Suisse CEO Tidjane Thiam, who is aggressively targeting Asia`s wealthiest for growth, said his bank was only after lawful assets.

Debt-heavy Jaypee says still able to service loans

Debt-heavy Jaypee says still able to service loans

Jaypee Group, a heavily indebted infrastructure conglomerate, said on Saturday that no bank had approached it about classifying its loans as non-performing amid government pressure on lenders to rein in large money-losing borrowers.

Credit Suisse to pay $29 million in US regulator's mortgage case

Credit Suisse Group AG has agreed to pay more than $29 million to resolve a U.S. regulator`s claims that it sold toxic mortgage-backed securities to credit unions that later failed, according to court papers filed on Thursday.

Credit Suisse to axe 2,000 more investment banking jobs

Credit Suisse to axe 2,000 more investment banking jobs

Switzerland`s second-biggest bank said on Wednesday it would shave a further 800 million Swiss francs ($821 million) off costs and cut 2,000 more jobs from its Global Markets division. 

Dollar plunges for second day on doubts over 2016 Fed rate hikes

The U.S. dollar extended its plunge against major currencies on Thursday.

Credit Suisse announces 4,000 job cuts amid big Q4 loss

Credit Suisse announces 4,000 job cuts amid big Q4 loss

Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes "substantial charges which are not reflective of our underlying business performance," the bank said Thursday.

Credit Suisse considers moving 2,000 UK jobs to India

Credit Suisse considers moving 2,000 UK jobs to India

Swiss banking group Credit Suisse plans to cut nearly 2,000 jobs at its London base and move some of them to cheaper locations like India and Poland, a media report said Thursday.

Pakistan take note! Indian military 5th deadliest in the world

Pakistan take note! Indian military 5th deadliest in the world

In what would set the alarm bells ringing in Pakistan, a report recently published by Credit Suisse on globalisation has ranked the Indian armed forces as the fifth strongest military in the world.

New Credit Suisse CEO promises 'ruthlessly selective' review: Report

New Credit Suisse CEO promises 'ruthlessly selective' review: Report

Newly appointed Credit Suisse AG Chief Executive Tidjane Thiam, in an interview with the Financial Times, promised a "ruthlessly selective" review of the Swiss bank`s businesses, amid expectations that the incoming CEO would cut staff by about 15 percent from its investment banking arm.

RJio expected to launch services by mid-July: Credit Suisse

Reliance Jio Infocomm (RJio) is expected to launch services by mid-July and it will have quite a significant impact on the telecom industry, says a report.

New Credit Suisse boss faces stiff challenge in Asia

Incoming Credit Suisse boss Tidjane Thiam is expected to focus on private banking in Asia while aggressively cutting jobs at its investment bank, as he aims to repeat the success in the region of his old employer, Prudential.