by Arundhati Behera | Mar 15, 2023 | Banks
Credit Suisse’s (CS) bonds took another beating on Tuesday following a 10-15% fall in its AT1 perps on Monday. Tuesday’s down move spread to its senior bonds as well, led by its 4.282% 2028s down 4.8 points to 77.63 currently, yielding 10.29%. This came...
by Arundhati Behera | Mar 10, 2023 | Banks, Perpetual Bonds
Credit Suisse’s perps fell by 1.5-2 points after it postponed the publication of its annual report following a last-minute call from the US SEC. The SEC raised questions regarding the group’s earlier financial statements. The SEC wanted to enquire into a...
by Amruth Sundarkumar | Mar 9, 2023 | Banks
Credit Suisse has received approvals from Chinese regulators to run its wealth management business in China, after decades of waiting, as per Table China. Credit Suisse Securities (China), the group’s China joint venture, was granted licenses for investment...
by Arundhati Behera | Mar 7, 2023 | Financial Institutions, Perpetual Bonds
Credit Suisse’s dollar perps were down by up to 1 point after news came out that investment firm Harris Associates sold its entire stake in the Swiss banking group. Harris Associates was the largest shareholder for several years and cut its 10% stake by half...
by Amruth Sundarkumar | Feb 22, 2023 | Banks, High Yield Bonds
Credit Suisse’s perpetual bonds/AT1s were down over 2-4 points after news broke out that the swiss financial markets regulator Finma was investigating the banks involvement in market manipulation. Credit Suisse Chairman Axel Lehmann’s commented on December...
