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Credit Suisse announces $1 billion 2020 share buyback program

Credit Suisse said on Friday it expects to buy back at least 1 billion Swiss francs ($1.03 billion) worth of shares until the end of 2020, subject to market and economic conditions, after completing a similar program last year......»»

Category: topSource: reutersJan 3rd, 2020

Credit Suisse freezes $5 billion of Russian money due to U.S. sanctions

One of Switzerland's largest banks, Credit Suisse, has frozen roughly 5 billion Swiss francs ($5 billion) of money linked to Russia to avoid falling foul of U.S. sanctions, according to its accounts, further increasing pressure on Moscow......»»

Category: topSource: reutersAug 22nd, 2018

Credit Suisse says committed to Russia after U.S. sanctions

Credit Suisse said it remained committed to Russia after it ringfenced 5 billion Swiss francs ($5.02 billion) of customer money linked to Russia for fear of falling foul of U.S. sanctions......»»

Category: topSource: reutersAug 23rd, 2018

Credit Suisse CEO targets annual profit of 5-6 billion Swiss francs: newspaper

Credit Suisse is aiming for an annual profit of 5 to 6 billion Swiss francs for the next two years as the bank puts its problems behind it, Chief Executive Tidjane Thiam told Swiss newspaper NZZ am Sonntag in an interview to be published on Sunday......»»

Category: topSource: reutersSep 15th, 2018

: Credit Suisse executives were grilled on Archegos losses. Here’s what they said.

So how exactly do you explain what's now estimated to be 5 billion francs ($5.5 billion) in charges from letting a client build up a massively leveraged position that ultimately couldn't be repaid?.....»»

Category: topSource: marketwatchApr 22nd, 2021

Credit Suisse Surprises With $2 Billion Capital Raise, Still Has Exposure To Archegos In "Three Distinct Positions"

Credit Suisse Surprises With $2 Billion Capital Raise, Still Has Exposure To Archegos In "Three Distinct .....»»

Category: worldSource: nytApr 22nd, 2021

Stocks tied to Archegos are roiling markets again as $2 billion of block trades drives new bout of volatility

The volatility kicked off after Credit Suisse initiated a block trade worth $2.3 billion in an attempt to curtail further losses. FILE PHOTO: Logo of Swiss bank Cr.....»»

Category: worldSource: nytApr 6th, 2021

Credit Suisse loses $5 billion in market value after warning of a big hit from Archegos blowing up

The Swiss bank sai.....»»

Category: topSource: businessinsiderMar 29th, 2021

Swiss government works with UBS, Credit Suisse on aviation sector loans

The Swiss government is working primarily with UBS Group and Credit Suisse on a nearly 1.9 billion Swiss franc ($1.95 billion) package of state-backed loans for the coronavirus-hit aviation sector, it said on Wednesday......»»

Category: topSource: reutersApr 29th, 2020

Delta to raise $3 billion in debt to combat virus fallout

Delta Air Lines Inc on Wednesday said it intended to raise $3 billion in debt by offering senior secured notes and entering into a new credit facility, in a bid to combat the slowdown in air travel demand induced by the coronavirus crisis......»»

Category: topSource: reutersApr 22nd, 2020

Ousted Credit Suisse CEO Thiam to collect up to $30 million: sources

Credit Suisse Chief Executive Tidjane Thiam, ousted over a spying scandal, stands to collect as much as 30 million Swiss francs ($30 million) after resigning this month, two people familiar with the matter said......»»

Category: topSource: reutersFeb 13th, 2020

Credit Suisse ignored warning over $2B deal with tycoon

Credit Suisse Group AG ignored warnings from its outgoing regional chief executive officer on the risks of lending $2 billion to Mozambique in a scandal that has landed the Swiss bank in a lawsuit and opened up questions about its due diligence......»»

Category: topSource: moneycentralJan 29th, 2020

Louis Dreyfus owner pledged stake to raise $1 billion Credit Suisse loan

Margarita Louis-Dreyfus borrowed $1 billion from Credit Suisse last year to buy out minority shareholders of Louis Dreyfus Company (LDC), pledged her majority stake in the commodities trader as collateral, a company filing showed......»»

Category: topSource: reutersJan 6th, 2020

Dow Jones Newswires: Credit Suisse to launch up to $1.5 billion share buyback in 2020, returns to rise

The Swiss bank targets a return on tangible equity, a key measure of profitability, of roughly 10% next year, up from the more than 8% it expects to achieve this year......»»

Category: topSource: marketwatchDec 11th, 2019

Credit Suisse to start charging wealthy clients for cash deposits

Credit Suisse will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers......»»

Category: topSource: reutersOct 18th, 2019

Credit Suisse says risk calculation, hedging change to reap $250 million

Credit Suisse on Wednesday said it expects an estimated $250 million boost in annual profit from higher net interest income it expects to reap by calculating risk-weighted assets in dollars rather than Swiss francs......»»

Category: topSource: reutersOct 2nd, 2019

France Presses Washington On $15BN Iran Credit Line To Save Nuclear Deal

As first unveiled on the sidelines of the recent G7 summit in France, President Macron is making a last ditch effort to create conditions to bring Tehran and Washington back to the nuclear negotiating table by offering Iran a $15 billion credit line as .....»»

Category: blogSource: zerohedgeSep 3rd, 2019

WeWork looking for $2.75 billion credit line ahead of IPO: Bloomberg

Workspace operator WeWork Cos is in talks with banks to raise $2.75 billion in debt ahead of its initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter......»»

Category: topSource: reutersMay 29th, 2019

Swiss group files criminal complaint against Credit Suisse over Mozambique loans

A Swiss anti-corruption lobby group has filed a criminal complaint against Credit Suisse over alleged fraud in the arrangement of $2 billion of loans to Mozambique, the group said on Monday......»»

Category: topSource: reutersApr 29th, 2019

Goldman"s $1 billion bankers are benchmark in Asia"s wealth race

The number of Credit Suisse Group AG client-facing executives in Asia fell 8 percent last year, according to the Swiss bank's annual report.....»»

Category: topSource: business-standardMay 7th, 2018