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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 York state probes banks over FIFA-related accounts: Report

New York state probes banks over FIFA-related accounts: Report

New York state`s banking regulator has contacted more than six banks about how they may have handled money that U.S. prosecutors said was laundered through accounts related to world soccer`s governing body FIFA, according to a person familiar with the matter.

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. 

Credit Suisse's new boss Thiam could axe 2,900 jobs

Credit Suisse`s next chief executive, Tidjane Thiam, could cut almost 3,000 jobs from its investment bank, or 15 percent of staff, as part of a shift of capital away from trading desks to private banking in Asia, analysts said.

New Credit Suisse CEO dismisses lack of investment bank experience

Credit Suisse`s incoming chief executive, Tidjane Thiam, brushed aside criticism that his track record in investment banking may not be strong enough to lead a company where investment banking ties up most of the bank`s capital.

Credit Suisse poaches Prudential's Thiam for top post

Credit Suisse has swooped on Prudential boss Tidjane Thiam to lead the Swiss bank in a push to manage more of the wealth of Asia`s fast growing multi-millionaires` club.

Credit Suisse to replace long-standing CEO Dougan

Long-standing Credit Suisse boss Brady Dougan is set to quit as chief executive of the Swiss bank as soon as Tuesday and will be replaced by Prudential head Tidjane Thiam, people familiar with the moves told Reuters.

Credit Suisse to replace CEO Dougan with Prudential's Thiam: Report

Brady Dougan is set to quit as chief executive of Credit Suisse , a person familiar with the matter told Reuters. He will be replaced by Tidjane Thiam, who heads insurance group Prudential , the Financial Times reported.