Credit Suisse withdraws $10 billion from Greensill
Greensill Capital, a provider of supply-chain financing, is facing further trouble with Credit Suisse, the Swiss bank, withdrawing $10bn of its funds linked with the company to ret
Banking Industry Leaders Face Tough Choices
The earnings season in Europe starts this week, and the banking industry executives are sure to come under fire from shareholders, boards and regulatory authorities. The European b
Post-COVID Credit Suisse: Jobs may go missing in next few years
Credit Suisse Group AG expects fewer staff in post-COVID adjustment as it faces the prospect of slower growth and imminent credit defaults. Online banking is becoming more i
Capital One Acquires GE Healthcare Financial Business For About $9 Bn
Capital One Financial Corp. agreed to acquire the health care lending business of General Electric Capital Corp. for about $9 billion, marking a new direction by the firm best know
San Francisco-based Sunrun Inc. Files for an Initial Public Offering
Sunrun Inc. – a San Francisco-based US solar energy company that provides solar energy to homeowners filled for an initial public offering of its common stock on Thursday. The de
Credit Suisse Reshuffles Top Management at its Investment Banking Division
Zürich, Switzerland-based multinational financial services holding company, Credit Suisse Group on Friday announced that it has commenced reshuffling top management of its investm
Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud
Citigroup, Bank of America, Goldman Sachs Group, Barclays, HSBC and Royal Bank of Scotland are among 13 banks whose units were sued for $1.15bn by Virginia over sale of residential
Little smugness as Credit Suisse Q1 profit climbs
That little smugness must have appeared as Credit Suisse Group AG, which happens to be the Switzerland’s second biggest bank, informed that its quarterly earnings topped analysts
Weak Investment Business Hits Credit Suisse’s Q4 Profits
Swiss bank Credit Suisse informed that it would further cut costs as it saw its fourth quarter profits be lower than initially expected. As it was highlighted, the fourth quarter
