Credit Suisse Scraps China Bank Plan After UBS Takeover

asiafinancial.com Credit Suisse has scrapped plans to set up a locally incorporated bank in China, two sources with knowledge of the matter revealed this week. The move was undertaken to…

The Research Firms Helping Investors Navigate Asia

institutionalinvestor.com “The back half of 2022 was a story of the underperformance of China. This trend, when combined with further fracturing of geopolitics, led many to try and ‘diversify…

Silence speaks volumes as Switzerland still reels from bank meltdown

politico.eu ZURICH — In one of Europe’s wealthiest squares, overlooked by the looming headquarters of a huge international bank that disintegrated just weeks ago, the impeccably dressed…

Did Nvidia just help create an AI-fueled stock bubble?

marketwatch.com Tech stocks have roared back, but the current mania for artificial intelligence appears to expect too much too soon, which creates the possibility of a bubble. Amid a first…

After Credit Suisse’s demise, attention turns to Deutsche Bank

economist.com I , euro-zone investors have experienced a sense of disbelief. Could banking turmoil really stay confined to America and Switzerland? On March 24th, as European bank stocks…

Why commodities shine in a time of stagflation

economist.com W testify before Congress on March 7th brought on an irrepressible sense of déjà vu. “The process of getting inflation back down to 2% has a long way to go and is likely to…

Court says Credit Suisse owes millions to Georgia's billionaire former prime minister

pbs.org Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire’s money in a trust pilfered by a…

Credit Suisse ordered to pay $926 million to Georgia’s former prime minister

cnn.com Credit Suisse was ordered to pay $926 million to Georgia’s former prime minister Friday for losing part of his fortune, in a Singapore court ruling that represents one of…

Credit Suisse loses $900 million lawsuit to former Georgia prime minister

marketwatch.com A Singapore court has ordered a unit of Credit Suisse Group to compensate Georgian businessman Bidzina Ivanishvili for its failure in safeguarding the plaintiff’s assets.…

Georgian billionaire awarded US$926-million from Credit Suisse after fraud

theglobeandmail.com Credit Suisse was ordered to pay $926-million to Georgia’s former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents one of…

Credit Suisse owes millions to Georgia's billionaire ex-prime minister, court says

go.com LONDON -- Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire's money held in a…

Europe’s Banks Say They’re Back. So Why Doesn’t Anyone Buy Their Shares?

yahoo.com PacWest Bancorp lost $1 billion in one quarter, saw its stock drop 89% in two months, and has been selling assets to shore up confidence. Deutsche Bank AG just had its most…

UBS gains unconditional EU antitrust approval to acquire Credit Suisse

theglobeandmail.com UBS UBS-N on Thursday won unconditional EU antitrust approval to acquire Credit Suisse CS-N as part of a government-orchestrated rescue of its Swiss rival. The European…

Credit Suisse Workers Gear Up To Sue Swiss Regulator Over $400 Million In Lost Bonuses, Report Says

forbes.com Credit Suisse staff are gearing up to sue Switzerland’s financial regulator over hundreds of millions of dollars worth of bonuses that were canceled after the bank was…

The Swiss rage about the demise of Credit Suisse

economist.com W regulators announced that would rescue Credit Suisse from the brink of collapse on March 19th, the troubled bank’s shareholders seemed lucky to avoid a total loss on their…

Credit Suisse’s takeover causes turmoil in a $275bn bond market

economist.com T arranged purchase of Credit Suisse, a bank, by , its great rival, is reverberating through financial markets. Investors are scrambling to understand the deal and identify…

Switzerland’s new megabank is bad news for Swiss bankers

economist.com A in Bern on March 19th the chairmen of Credit Suisse and , the two great rivals of Swiss banking, announced a momentous but unhappy union. After days of haggling, and years…

Credit Suisse faces share-price turbulence, as fear sweeps the market

economist.com S can sink banks. The disastrous attempt by Silicon Valley Bank ( ) to raise capital proved as much. On March 15th Credit Suisse found that shaky shareholders can do lots of…