Credit Suisse Shakes Up Management in Restructuring
Credit Suisse shook up its management on Tuesday, naming a co-head of investment banking and merging its asset management division into its wealth management and private banking unit.
View ArticleBank C.E.O.’s on Thinning Ice
At least one of the three big bank chief executives to survive the financial crisis could be without a job by the end of 2013, the authors contend.
View ArticleCredit Suisse Returns to Profit and Plans More Cost Cuts
The chief executive, Brady W. Dougan, is targeting hundreds of millions of dollars in additional cost reductions after Credit Suisse reported a profit of $436 million for the fourth quarter.
View ArticleAs Profit Slips, Credit Suisse Increases C.E.O. Pay by 34%
Mr. Dougan received 7.8 million Swiss francs, or $8.2 million, for 2012, compared with 5.8 million francs for the previous year, the bank said in its annual report published on Friday.
View ArticleCredit Suisse, Citing Large Profit, Says ‘Transformation’ All but Complete
Credit Suisse posted first-quarter earnings of $1.4 billion, a large increase from the period a year earlier when the bank booked large charges on its own debt.
View ArticleBarclays and Credit Suisse Post Strong Earnings in Investment Banks
A strong performance comes despite a push by European politicians to limit firms’ exposure to financial risks and to promote lending to local economies.
View ArticleCredit Suisse Posts $1.1 Billion Profit
Credit Suisse is joining Goldman Sachs and other Wall Street rivals in reporting improved results for the second quarter, helped by an increase in client activity in sales and trading and investment...
View ArticleCredit Suisse to Streamline and Shrink
The bank, which reported a profit increase of nearly 79 percent, will shrink its investment bank and other businesses in response to tighter regulations and a challenging fixed-income market.
View ArticleCredit Suisse Sets Millions Aside in Justice Dept. Case
The Swiss bank revised its fourth-quarter results again to reflect an additional charge of about $528 million related to a continuing investigation into unreported accounts held by Americans.
View ArticleCredit Suisse Profit Falls 34% in First Quarter
The bank reported quarterly earnings of 859 million Swiss francs, or about $976 million, compared with profit of 1.3 billion francs in the year-earlier period.
View ArticleIn Tax Case, Credit Suisse Is Denied Milder Penalty
After years of declining to charge big banks, prosecutors are now seeking to criminally punish the banks without putting them out of business and wreaking havoc on the financial system.
View ArticleCredit Suisse Investors Shrug Off Tax Plea
Brady Dougan, the bank's chief executive, said Credit Suisse took full responsibility for its actions, but said the bank had "found no instances where clients cannot do business with us.”
View ArticleMixed Signals in a Corporate Felon’s Punishment
The government’s concern with minimizing the collateral consequences for Credit Suisse almost gives the impression that this was a guilty plea without all the guilt, Peter J. Henning writes in White...
View ArticleIn Credit Suisse Settlement, a Question of Justice
Although Credit Suisse is paying stiff penalties as part of its convictions, many critics have been left disappointed by what the plea deal didn't do.
View ArticleFrench Officials Twist U.S. Arms in Bank Inquiry
The French campaign has focused largely on the concern that BNP, unlike other big banks accused of doing business with Sudan and Iran, might be forced to suspend a core business operation in New York...
View ArticleCredit Suisse Loses $779 Million After Settling Tax Evasion Case
The bank reported a second-quarter loss of $779 million and said that it planned to exit the commodities business.
View ArticleCredit Suisse Shakes Up Investment Banking Leadership
James L. Amine and Timothy P. O'Hara have been appointed to the Swiss lender's executive board and will lead the investment banking division with Gaël de Boissard, the chief executive for Europe, the...
View ArticleThe Crowd at the Top of Credit Suisse’s Investment Banking Unit
The appointment of three co-heads of investment banking adds a new twist to the turf wars, but it could prefigure the eventual succession of Credit Suisse's chief executive, writes Dominic Elliott in...
View ArticleCredit Suisse Profit More Than Doubled in Third Quarter
The bank posted a $1.08 billion profit, benefiting from stronger equity underwriting, fixed-income sales and trading in its investment bank.
View ArticleCredit Suisse Swings to Profit, but Braces for Currency and Legal Expenses
Credit Suisse paid $2.8 billion in settlements last year. So despite its profit, the bank lopped the compensation of its top tier by at least 20 percent, in recognition of “the collective institutional...
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