by Raahil Shah | Mar 16, 2023 | Financial Institution Bonds, Financial Institutions
Swiss lender Credit Suisse (CS) saw a fresh round of selling in its stock and bonds on Wednesday amid heightened concerns over its financial position. While CS has been marred by a string of negative news since September last year, the most recent selloff was...
by Amruth Sundarkumar | Aug 1, 2022 | Banks, Global
Credit Suisse’s legal turmoil continues as billionaire client and ex-Georgia PM Bidzina Ivanishvili sued one of its subsidiaries, Credit Suisse Trust Ltd. (Singapore) for $800mn. Prior to this, Ivanishli had successfully claimed against another of the bank’s...
by bondevalue | Mar 30, 2021 | Financial Institution Bonds
Banking majors Credit Suisse and Nomura warned of ‘significant’ losses due to forced position unwinding on account of Archegos Capital Management’s margin call defaults. Credit Suisse said that this could have a “highly significant and material” impact on its...
by bondevalue | Mar 26, 2021 | Financial Institution Bonds
Credit Suisse estimates that clients could lose up to $3bn from the frozen funds linked to Greensill Capital, the collapsed specialist finance firm, more than the bank’s total net income of $2.9bn in 2020. $10bn worth of finance funds, marketed as low-risk...
by bondevalue | Feb 18, 2021 | Banks, Financial Institutions
Credit Suisse reported 4Q2020 net losses of CHF353mn ($393mn) as against profits of CHF852mn ($949)in the same period last year while net revenues fell to CHF5.2bn ($5.8bn), down 16%. Annual net revenues were down 4% to CHF5.3bn ($5.9bn) and net profits were down 22%...
