Credit Suisse - News, Articles & Research

UBS under observation from pricing supervisor after acquiring Credit Suisse

Following UBS’s takeover of Credit Suisse earlier this year, Swiss consumer pricing supervisor has put the bank under observation amid competition concerns that could bring about higher loan charges.

05 July 2024

News/wholesale

Credit Suisse investors sue bank’s NY execs over ‘toxic culture’

A group of creditors for failed Swiss bank Credit Suisse have launched legal action against a number of executives in its US operations, alleging that a “toxic culture” that “valued short-term gain over long-term trust” had been allowed to prevail.

22 June 2023

News/regulation

Credit Suisse reports material weaknesses in financial reporting

Shares in Credit Suisse have slumped by a further five percent as the Swiss lender identifies material weaknesses in its financial reporting processes.

14 March 2023

News/crypto

Banks lead $65 million investment in crypto-infrastructure firm Taurus

Credit Suisse has led a $65 million Series B round in Swiss crypto infrastructure provider Taurus, with participation from other major financial institutions.

14 February 2023

News/crime

Swiss prosecutors investigate 2022 Credit Suisse data leak

Swiss prosecutors have launched criminal proceedings aimed at those responsible for the 2022 leak at Credit Suisse which exposed the details of accounts held by wealthy clients allegedly involved in a host of illegal activity.

03 February 2023

News/payments

Curve secures $1 billion credit facility from Credit Suisse

All-in-one card and financial app Curve has secured a $1 billion credit line from Credit Suisse to support its instalment transaction product Curve Flex as it scales across the UK, the EU and the United States

06 December 2022

News/wholesale

Credit Suisse to slash 9000 jobs on £3.5 billion quarterly loss

Scandal-stricken lender Credit Suisse is to slash 9000 jobs and hive off its investment banking unit after posting a £3.5 billion loss in its third quarter.

27 October 2022

Company announcement/people

Jesper Andersen named new head of IT Switzerland at Credit Suisse

Jesper Andersen will assume the role of Head of IT Switzerland at Credit Suisse from January 1, 2023, consequently becoming a member of the Executive Board of Credit Suisse (Switzerland) Ltd. and the Chief Information Officer Management Committee.

12 October 2022

News/markets

Credit Suisse teams with Girls Who Code to diversify tech talent

Credit Suisse is collaborating with non-profit venture Girls Who Code to develop a pipeline of new technology talent for the bank's Wall Street operations.

02 August 2022

News/markets

Wall Street players launch syndicated loan platform

Some of the biggest banks on Wall Street are backing a new syndicated loan platform, called Versana, that is aiming to bring transparency, efficiency and velocity to the $5 trillion market.

17 March 2022

News/crime

Credit Suisse calls in expert help to hunt down whistleblower

Credit Suisse has called in outside experts to help find the source of a leak that exposed the details of accounts held by wealthy clients allegedely involved in torture, drug trafficking, money laundering, and corruption.

21 February 2022

Company announcement/people

Credit Suisse chairman António Horta-Osório resigns for breaking Covid quarantine rules

Credit Suisse Group today announced that the Board of Directors (Board) has appointed Axel P. Lehmann as the bank’s new Chairman effective immediately. He succeeds António Horta-Osório, who resigned following an investigation commissioned by the Board.

18 January 2022