Credit Suisse withdraws $10 billion from Greensill

Credit Suisse withdraws $10 billion from Greensill

By Anna Domanska - Mar 05, 2021

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

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Banking Industry Leaders Face Tough Choices

Banking Industry Leaders Face Tough Choices

By Christy Gren - Jan 26, 2021

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

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Post-COVID Credit Suisse: Jobs may go missing in next few years

Post-COVID Credit Suisse: Jobs may go missing in next few years

By Anna Domanska - May 23, 2020

  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

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Capital One Acquires GE Healthcare Financial Business For About $9 Bn

Capital One Acquires GE Healthcare Financial Business For About $9 Bn

By Anna Domanska - Aug 13, 2015

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

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San Francisco-based Sunrun Inc. Files for an Initial Public Offering

San Francisco-based Sunrun Inc. Files for an Initial Public Offering

By Carrie Ann - Jun 26, 2015

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

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Credit Suisse Reshuffles Top Management at its Investment Banking Division

Credit Suisse Reshuffles Top Management at its Investment Banking Division

By Anna Domanska - Oct 17, 2014

Zürich, Switzerland-based multinational financial services holding company, Credit Suisse Group on Friday announced that it has commenced reshuffling top management of its investm

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Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud

Virginia Sues 13 Banks for $1.15Billion over alleged Mortgage Bond Fraud

By Christy Gren - Sep 17, 2014

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

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Little smugness as Credit Suisse Q1 profit climbs

Little smugness as Credit Suisse Q1 profit climbs

By Anna Domanska - Apr 24, 2013

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

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Weak Investment Business Hits Credit Suisse’s Q4 Profits

Weak Investment Business Hits Credit Suisse’s Q4 Profits

By Jay Raol - Feb 07, 2013

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

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