Credit Suisse

The Swiss bank is considering headcount reductions across divisions including investment banking and wealth management in multiple regions, the people said, ...

Swiss finance blog Inside Paradeplatz reported that State Street was set to make an offer for Credit Suisse at a price of CHF9 a share, valuing the Swiss bank ...

Swiss finance blog Inside Paradeplatz reported that State Street was set to make an offer for Credit Suisse at a price of CHF9 a share, valuing the Swiss bank at CHF23bn ($23.6bn). State Street has declined to comment on reports that it is set to make a bid for Credit Suisse, but banking analysts have been quick to pull apart the logic of a merger between the two firms. 'We aren't convinced that State Street would run Credit Suisse better than it is currently being run'

Credit Suisse has been unsettled by a number of setbacks, including billion-dollar entanglements with bankrupt lenders and hedge funds, ...

In April, Credit Suisse announced the departure of its finance chief, head of Asia and general counsel. In what is becoming a habit for Credit Suisse, the Swiss banking giant warned investors on Wednesday that it was likely to lose money in its latest quarter. Bloomberg reported that the bank, which has about 51,000 employees, was considering a round of job cuts as part of the plan.

The Swiss bank is considering head-count reductions across divisions, including investment banking and wealth management in multiple regions, the people said, ...

Results laid bare the other steep challenges still facing the bank as it seeks to regain investor confidence, including still-to-come legal hits and weaker-than-expected wealth management results. The lender has said 2022 will be a year of transition as it seeks to reduce risk at the investment bank while shifting resources to wealth management. The Swiss lender had about 51,000 employees at the end of March. It recently overhauled top management saying that its chief financial officer, legal counsel and head of Asia would all be either stepping down or leaving the company.

Credit Suisse shares rallied on the report, reversing an earlier decline after the Swiss bank warned of a third straight quarterly loss. They closed at 6.96 ...

The Swiss bank's warning is an early sign that the disruption in financial markets since Russia invaded Ukraine is hitting activity among big international ...

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service. The Swiss bank said investment banking has been hit by companies opting not to sell new stock or bonds in volatile conditions, wiping out a main source of revenue.

The Swiss bank is considering headcount reductions across divisions including investment banking and wealth management in multiple regions, the people said, ...

The lender has said that 2022 will be a year of transition as it seeks to reduce risk at the investment bank while shifting resources to wealth management. Results laid bare the other steep challenges still facing the bank as it seeks to regain investor confidence, including still-to-come legal hits and weaker-than-expected wealth management results. It also named former Bank of Ireland Group Plc Francesca McDonagh as head of the Europe, Middle East and Africa region. A State Street representative said the firm is preparing a response to the report, while analysts were skeptical about a deal, citing the lack of strategic rationale for the US firm. The dismissals are likely to come as the bank prepares to update investors on risk, compliance, technology and wealth management on June 28, said the people. Credit Suisse pointed to widening credit spreads and client deleveraging amid volatile markets, though other banks have said the volatility has benefited their trading desks.

SHARES in Credit Suisse turned sharply higher on Wednesday afternoon, with traders citing an Inside Paradeplatz report that US-based State Street is ...

Credit Suisse Chief Executive Thomas Gottstein on Thursday called queries over a potential takeover offer from U.S. financial giant State Street "really ...

We also want to get to 100% on our China securities joint venture," he said. "I want to be very clear: our overall China roll-out is fully on track. "In some areas, we are waiting a little bit with some of the growth investments," he said. Register now for FREE unlimited access to Reuters.com "We never comment on rumours. Register now for FREE unlimited access to Reuters.com

The US group is preparing an 'imminent' takeover bid for Credit Suisse, Swiss news blog Inside Paradeplatz reported citing an anonymous source.

State Street’s bid for Credit Suisse values the group at CHF 9 ($9.23) per share, amounting to a 40% price runup from the Swiss group’s current share price valuation of CHF 6.74, according to Inside Paradeplatz. As we’ve previously discussed, we are focused on our pending acquisition of Brown Brothers Harriman’s Investors Services business.’ US financial group State Street is reportedly considering a takeover bid for Swiss banking giant Credit Suisse, according to a report from Swiss newsblog Inside Paradeplatz.

Swiss group's Thomas Gottstein quizzed over blog report the day after his bank issues its third profit warning of the year.

There are more headwinds for Credit Suisse, this time with the reported postponement of plans to launch a locally incorporated bank in mainland China.

«Credit Suisse is committed to China as a strategic market in our overall regional APAC footprint, and there is a clear mandate to remain on track with the continued build-out of our onshore franchise across wealth management, investment banking and asset management, as the Chinese regulatory and market opportunities allow,» a spokesperson for Credit Suisse said. Credit Suisse’s onshore China business has seen a number of key departures in recent times, most notably the relocation Tim Tu – ex-CEO of the mainland securities joint venture – to Hong Kong to become the co-head of the APAC financing group. Credit Suisse will delay the target launch of its onshore bank in China by one year to 2024, according to a «Bloomberg» report citing unnamed sources, marking the second postponement since the project was established two years ago.

Tidjane Thiam, the former chief executive officer of Credit Suisse Group AG, has lost the backing of fund management giant Pimco for his fintech SPAC.

Credit Suisse shares fell on Thursday on growing skepticism about a takeover offer from U.S. financial giant State Street after a media report a day earlier ...

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Credit Suisse is reportedly facing a takeover bid from US financial group State Street. The potential bid was first reported yesterday by Swiss newsblog ...

Credit Suisse Group AG is tapping the brakes on its China expansion, postponing its biggest mainland project, in a sign that weakness in Asia's largest ...

The US group is preparing an 'imminent' takeover bid for Credit Suisse, Swiss news blog Inside Paradeplatz reported, citing an anonymous source.

Shares in State Street ended down down 5.4% for the day at $69.04. Overall, shares ended up 3.8% during the day. The potential bid was first reported on Tuesday by Swiss newsblog Inside Paradeplatz before being picked up by other publications. As we’ve previously discussed, we are focused on our pending acquisition of Brown Brothers Harriman’s Investors Services business.’ State Street’s bid for Credit Suisse values the group at 9 Swiss francs ($9.23) per share, amounting to a 40% price runup from the Swiss group’s current share price valuation of 6.74 Swiss francs ($6.91), according to Inside Paradeplatz. A spokesperson for Credit Suisse declined to comment, while State Street sent the following statement to Citywire:

The US group is preparing an 'imminent' takeover bid for Credit Suisse, Swiss news blog Inside Paradeplatz reported, citing an anonymous source. While shares in Credit Suisse jumped yesterday afternoon on reports that State Street is preparing a ...

Shares in State Street ended down down 5.4% for the day at $69.04. Overall, shares ended up 3.8% during the day. The potential bid was first reported on Tuesday by Swiss newsblog Inside Paradeplatz before being picked up by other publications. As we’ve previously discussed, we are focused on our pending acquisition of Brown Brothers Harriman’s Investors Services business.’ State Street’s bid for Credit Suisse values the group at 9 Swiss francs ($9.23) per share, amounting to a 40% price runup from the Swiss group’s current share price valuation of 6.74 Swiss francs ($6.91), according to Inside Paradeplatz. A spokesperson for Credit Suisse declined to comment, while State Street sent the following statement to Citywire:

Most chief executive officers, when asked if their firm is for sale, would give a boring, lawyer-approved response about how their company does not comment ...

State Street's stock has plunged about 25% this year, as market volatility is hurting its massive exchange-traded fund business. "As you would expect, we never comment on rumors," Gottstein said. State Street added that it has a long-standing company policy of not commenting on such speculation, but in this case "we feel a response to these reports is now warranted in this instance, as we are in the midst of a pending acquisition of Brown Brothers Harriman Investor Services."

Industry observers are stunned to see the fall of once-proud Credit Suisse. What is in store for the near future?

The future of Credit Suisse, a systemically important bank for not only Switzerland, must be decided as a whole with shareholders and stakeholders involved. What was previously inconceivable has nevertheless come to pass and proved to be groundbreaking for the further development of the industry. In other words, the bank has lost the spirit and culture of its founding father Alfred Escher.

The US group is preparing an 'imminent' takeover bid for Credit Suisse, Swiss news blog Inside Paradeplatz reported, citing an anonymous source.

Shares in State Street ended down down 5.4% for the day at $69.04. Overall, shares ended up 3.8% during the day. The potential bid was first reported on Tuesday by Swiss newsblog Inside Paradeplatz before being picked up by other publications. As we’ve previously discussed, we are focused on our pending acquisition of Brown Brothers Harriman’s Investors Services business.’ State Street’s bid for Credit Suisse values the group at 9 Swiss francs ($9.23) per share, amounting to a 40% price runup from the Swiss group’s current share price valuation of 6.74 Swiss francs ($6.91), according to Inside Paradeplatz. A spokesperson for Credit Suisse declined to comment, while State Street sent the following statement to Citywire: