Credit Suisse

India home to 2,45,000 millionaires; household wealth at $5 trillion

India home to 2,45,000 millionaires; household wealth at $5 trillion

The number of ultra rich in the country is expected to rech 3,72,000.

Nov 14, 2017, 17:12 PM IST

Swiss banks' profit halves to CHF 7.9 billion; staff count down

Banks in Switzerland saw their profits nearly halve to CHF 7.9 billion (over Rs 53,000 crore) in 2016 amid continuing global pressure on their famed secrecy walls.

Jun 29, 2017, 14:52 PM IST

Credit Suisse reaches out to Snapdeal's minority shareholders

The beleaguered firm has a number of investors including PremjiInvest, Ontario Teachers' Pension Plan, Ratan Tata, Foxconn, Temasek and BlackRock among others.

Jun 23, 2017, 18:17 PM IST

Singapore fines Credit Suisse, UOB over 1MDB-linked dealings, wraps up review

Singapore`s central bank has fined Credit Suisse and United Overseas Bank (UOB) a total of S$1.6 million ($1.2 million) for breaching anti-money laundering rules in transactions related to Malaysia`s scandal-ridden state fund 1MDB.

May 30, 2017, 15:16 PM IST

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.

Mar 24, 2017, 16:11 PM IST

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.

Mar 02, 2017, 17:42 PM IST
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. 

Nov 23, 2016, 00:04 AM IST
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.

Nov 22, 2016, 17:42 PM IST
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.

Sep 29, 2016, 14:16 PM IST
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.

Sep 27, 2016, 16:22 PM IST
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). 

Jul 13, 2016, 09:02 AM IST

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.

Apr 08, 2016, 13:32 PM IST
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.

Apr 05, 2016, 10:54 AM IST
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.

Apr 02, 2016, 15:18 PM IST

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.

Mar 25, 2016, 05:22 AM IST
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. 

Mar 23, 2016, 15:10 PM IST

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

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

Feb 05, 2016, 01:49 AM IST
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.

Feb 04, 2016, 22:16 PM IST
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.

Oct 22, 2015, 20:13 PM IST
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.

Oct 05, 2015, 16:00 PM IST