Antonio Horta-Osorio plotting overhaul of scandal-hit Credit Suisse that could see it merge with arch-rival UBS By Daily Mail City & Finance Reporter Published: 21:50 BST, 25 June 2021 | Updated: 21:50 BST, 25 June 2021 Antonio Horta-Osorio is plotting an overhaul of scandal-hit Credit Suisse that could see it merge with arch-rival UBS. The … Read more
Andreas Gottschling, a 53-year-old German with a $1million salary — has come under fire after the Swiss bank’s clients lost billions when two big businesses collapsed The German boss at Credit Suisse in charge of risk at the troubled bank could be forced out as major shareholders revolted over two scandals that have cost clients … Read more
Credit Suisse forced to seek £1.3bn lifeline after taking a double whammy from Greensill collapse and implosion of hedge fund Archegos By Lucy White For The Daily Mail Published: 23:01 BST, 22 April 2021 | Updated: 23:01 BST, 22 April 2021 Credit Suisse has been forced to go cap in hand to its shareholders for … Read more
Credit Suisse in crisis: Top executives axed and bonuses withdrawn as bank dives into the red after Greensill and Archegos disasters By Mark Shapland For The Daily Mail Published: 22:20 BST, 6 April 2021 | Updated: 22:20 BST, 6 April 2021 Top executives have been fired and bonuses slashed at Credit Suisse as the bank … Read more
Swiss banking giant Credit Suisse has axed two senior executives as it suffered billions of pounds worth of losses following the collapse of hedge fund Archegos and the British finance firm Greensill. Brin Chin, CEO of its investment bank, and Lara Warner, chief risk and compliance officer, both announced they would step down, while the … Read more
Swiss banking giant Credit Suisse has axed two senior executives as it suffered billions of pounds worth of losses following the collapse of hedge fund Archegos and the British finance firm Greensill. Brin Chin, CEO of its investment bank, and Lara Warner, chief risk and compliance officer, both announced they would step down, while the … Read more
Credit Suisse faces investor backlash after Archegos crisis leaves it nursing heavy losses By Lucy White For The Daily Mail Published: 22:18 BST, 30 March 2021 | Updated: 22:18 BST, 30 March 2021 Credit Suisse is facing a major investor backlash after the Archegos crisis left it nursing heavy losses. The banking giant was already … Read more
Credit Suisse has been thrown into crisis just weeks before Antonio Horta-Osorio joins as chairman from Lloyds Bank. The Swiss investment bank was already reeling from the aftermath of a spying scandal and its exposure to bust lender Greensill Capital. But now it has revealed it will suffer a ‘highly significant’ hit to its profits … Read more
Investors and pension savers in Britain face possible financial losses after two major investment banks issued profit warnings amid a crisis at a US hedge fund. Nomura and Credit Suisse could lose billions of pounds after the fund defaulted on margin calls, putting investors on edge about who else might have been caught out. Losses … Read more
Antonio Horta-Osorio lands the top job at Credit Suisse before he’s even left his current role at Lloyds By Lucy White For The Daily Mail Published: 23:15 GMT, 1 December 2020 | Updated: 23:15 GMT, 1 December 2020 The outgoing boss of Lloyds Bank has wasted no time in lining up his next job. Antonio … Read more