Credit Suisse Unit Loses Case Against Former Georgian PM, to Pay $926 Million in Damages
Credit Suisse Trust Ltd, a unit of the collapsed Credit Suisse Group AG, has lost a case against former Georgian prime minister Bidzina Ivanishvili and...
Tag : Credit Suisse
JSW Infrastructure Files Draft IPO Documents with Sebi to Raise Rs 2,800 Crore
JSW Infrastructure Ltd has filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) to raise around Rs 2,800 crore...
Credit Suisse Reported $69 Billion of Outflows Amid Meltdown That Led to UBS Merger
Credit Suisse reported a total of 61.2 billion Swiss francs (CHF) ($69 billion) in outflows in the first quarter of 2023, with a net asset...
Credit Suisse Bondholders Sue Swiss Regulator FINMA over Bond Wipe Out
Credit Suisse Group bondholders have filed a lawsuit against Switzerland’s banking regulator over its decision to wipe out their investments during last month’s emergency government-orchestrated...
PNB Raises Rs 974 Crore Via AT-1 Bonds at 8.75% Coupon
On Friday, state-owned lender Punjab National Bank raised Rs 974 crore via additional tier-1 bonds at a coupon rate of 8.75%, 35 basis points (bps)...
Wall Street Ends Volatile Week as Fed Officials Ease Concerns about Banks
US stocks ended higher on Friday, marking the end of a turbulent week, as Federal Reserve officials calmed investor concerns about a potential liquidity crisis...
Credit Suisse, UBS, Other Banks Under Scrutiny in Russia Sanctions Probe
Banks, including Credit Suisse and UBS, are under scrutiny as the US Justice Department investigates whether financial professionals helped Russian oligarchs evade sanctions, according to...
Credit Suisse States $17 Billion Debt Valueless, Angers Bondholders
Angering bondholders on Sunday, Credit Suisse stated that 16 billion ($17.24 billion) Swiss francs of its Additional Tier 1 debt would be written down to...
Wall Street Stocks Slid Sharply, Indices Saw Weekly Gains
Wall Street closed lower on Friday after a turbulent week, mainly as dark clouds gathered about an ongoing crisis in the banking sector and a...
HCL Tech Outperforms Nifty Laggards After Management Revises Revenue Growth Guidance
Shares of tech giant HCL Technologies Ltd fell as much as 5% in early trade on Friday after the company said it expects revenue growth...