Credit Suisse

European shares surge led by financial services firms

European shares surge led by financial services firms

According to reports, on Thursday, European shares increased and Unilever, Credit Suisse, and others have said that they have got results better than what was expected, as the quarterly earnings season sped up in Europe.

The FTSEurofirst 300 index of European shares rose 0.1% at 1,587.57 points. It went down 0.6% in the earlier session.

Credit Suisse Group AG has been reported to be the top gainer, with 5% increase, following it posted earnings better than what was expected and made its capital protection better prior to unexpected result under new chief executive of the Swiss bank.

Credit Suisse dropped the most since the start of 2015

Credit Suisse dropped the most since the start of 2015

Financial services company Credit Suisse Group has dropped the most since the start of 2015 in Zurich trading after the company revealed that a key measure of financial strength fell in the first quarter.

In a statement on Tuesday, the bank stated that the capital ratio to risk-weighted assets was at about 10%. At the end of 2014, it was 10.1%. The company's target was 11%. In the same quarter, net income rose about 23% to 1.05 billion Swiss francs. According to the company, increased trading activity encouraged private banking and securities unit.

Credit Suisse Names Prudential’s Tidjane Thiam as New CEO

Credit Suisse Names Prudential’s Tidjane Thiam as New CEO

Credit Suisse Group AG has announced that Prudential Plc's Tidjane Thiam will replace Brady Dougan as new CEO. The move was taken as the bank struggled with regulations that hurt profit and weakened capital.

In a statement on its website, Credit Suisse, on Tuesday, said that Dougan will step down at the end of June. In another statement, Prudential mentioned that a successor to Thiam has been found and will be named after the completion of the regulatory approval process.

The switch has put an Ivory Coast-born French national on the top of Switzerland's second-biggest lender. It has spent the last ten years running insurance businesses.

Two big banks have 2/3rd of all Swiss money of Indians

UBS and Credit SuisseZurich/New Delhi: It is just two big banks -- UBS and Credit Suisse -- which appear to be accounting for almost two-third of the total money held by Indians in Swiss banking system, known for their famed secrecy walls.

According to the latest official data disclosed by Switzerland's central banking authority SNB (Swiss National Bank), Indians' money in Swiss banks rose by 43 per cent last year to 2.03 billion Swiss francs (nearly Rs
14,000 crore), despite growing global pressure on Switzerland to share client details of their banks.

Trader fined £700,000 and banned for life

Credit SuisseA high profile disgraced trader has been fined £700,000 and banned for life for manipulating the price of government bonds aiming to gain profit from the taxpayer-backed money printing programme.

The trader, who worked for Credit Suisse, was trying to benefit from the QE programme that was aimed at improving liquidity. The trader, Mark Stevenson earned £2.4 million per year in his job at financial giant. He said that he was using an opportunity for profits through the Bank of England's programme to revive the economic growth.

Credit Suisse the Best Global Bank of the year

Credit Suisse the Best Global Bank of the yearDuring the Euromoney Awards for Excellence, amongst the many biggies and financial institutions it was Credit Suisse that has been awarded as the Best Global Bank.

Euromoney admired the Swiss investment bank for its high proceeds and the less risk model and defined it as the most debating and the best-run bank across the globe in today's time.

Furthermore the bank, Credit Suisse was being accolade for its sturdy capital stance, for the credit rating and performing pretty well private and investment banking group.

Credit Suisse setting standards for Bharti, Idea by 27-30%

bharti-airtelThe telecom companies along with their equities, Bharti Airtel, Idea Cellular and Reliance Communications set the stage on fire after the reports swayed from the Credit Suisse Group that has advanced their ratings quoting enhanced environment.

As per the reports the competitive environment is moving towards the better side of the bay with the headline duty steady during the past eight months.

The High 3G payments have undulated caliber of contenders to move for additional price tug.

Credit Suisse to open branch in India

Credit Suisse to open branch in IndiaCredit Suisse Group has announced don Monday that it has received in principle clearances from the Reserve Bank of India for setting up branches in India.

The approval shows that RBI is loosening up and appears ready to allow foreign banks to enter the country. The RBI has been slow in granting access to foreign lenders to operate in the country.

A report released by the central bank last week noted that the banking system in the country has off-balance sheet exposure concentrated on a few foreign banks and that is a cause of worry.

Credit Suisse reports 29% rice in Q2 profits; surpasses analysts’ estimates

Credit SuisseSwitzerland's largest bank Credit Suisse Thursday reported a net profit of 1.6 billion Swiss francs - or $1.5 billion - in the second quarter, largely because of an improvement in its investment banking business.

While the second-quarter profit figures fell below the first-quarter profit of 2 billion francs; they still were 29 percent higher than the year-before figures of 1.22 billion francs profit, as well as surpassed the analysts' estimates of 1.44 billion francs profit.

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