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...
by Amruth Sundarkumar | Feb 16, 2023 | Banks
Credit Suisse is exiting its distressed debt and special-situations trading operations, part of its broader strategic exit from risky and capital-intensive businesses. As per Bloomberg sources, Credit Suisse is selling a bond and loan positions from its books that are...
by Amruth Sundarkumar | Feb 10, 2023 | Banks
Credit Suisse reported a loss of CHF 1.39bn ($1.51bn) for the fourth quarter of 2022. Its total net loss in 2022 stood at CHF 7.29bn ($7.9bn), marking its second consecutive year in the red and also its largest annual losses since 2008. Net Q4 revenues were seen at...
by Amruth Sundarkumar | Feb 7, 2023 | Banks
Credit Suisse is planning to raise $500mn via a capital raise via a 5Y exchangeable bond, paying 6% coupons. Investors participating in the capital raise will have to swap their notes into shares of its investment banking carve out, Credit Suisse First Boston (CSFB)...
by Amruth Sundarkumar | Jan 26, 2023 | Banks
The Qatar Investment Authority’s (QIA) stake in Credit Suisse has been doubled, with the company now becoming the second largest shareholder in the swiss-bank. The QIA now owns 6.8% of the bank’s shares, second to the 9.9% stake held by the Saudi National Bank....
