Latest News for: Suisse jobs

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Few Credit Suisse clients have closed accounts – CEO of the bank’s Swiss unit

FX Empire 27 Nov 2022
ZURICH (Reuters) – The head of Credit Suisse’s Swiss unit said “some customers have withdrawn some of their money, but very few have actually closed their accounts.” ... As part of the restructuring plan Credit Suisse announced last month, the bank also said it would cut thousands of jobs by 2025, including 2,700 by the end of this year.
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Credit Suisse Craters to Record Low After Revealing Staggering $88 Billion Bank Run

GlobalResearch 24 Nov 2022
One didn’t need to be a rocket surgeon to figure out that the bank in question was Credit Suisse, which had seen its stock tumble amid a relentless barrage of scandals, corporate mistakes and the occasional fraud (that we know of), and which we said was likely suffering from a painful behind-the-scenes bank run.
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Credit Suisse shareholders approve 4 billion Swiss franc capital raise

The Times of India 23 Nov 2022
"Today’s vote by shareholders marks a further important step in our journey to build the new Credit Suisse" chairman Axel Lehmann said ... To fund an overhaul which will see it cut thousands of jobs and scale back its investment bank, Credit Suisse had drawn up a plan that would give new and existing shareholders the chance to buy new shares.
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Credit Suisse flags $1.6bn loss as wealthy clients head for the exit

Business Day 23 Nov 2022
Credit Suisse ... Credit Suisse said there had been an outflow of 6% of assets at the end of the third quarter ... At the end of October, Credit Suisse unveiled a plan to cut thousands of jobs and shift its focus away from investment banking and towards less turbulent wealth management.
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Environment is top concern for Swiss this year

Swissinfo 23 Nov 2022
The environment is the main concern of the Swiss in 2022, followed by pensions and energy, according to this year’s Credit Suisse Worry Barometer ... everyday problem", Credit Suisse said on Wednesday.
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Credit Suisse approves CHF4bn fundraise to underwrite restructuring

Swissinfo 23 Nov 2022
Credit Suisse shareholders have approved a CHF4 billion ... Last month, Credit Suisse announced a major restructuring that will see 9,000 jobs being slashed and the sale of investment banking operations.
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Credit Suisse flags fourth-quarter loss of up to $1.58 billion

RTE 23 Nov 2022
Credit Suisse said today it expects to make a pre-tax loss of up to 1.5 billion Swiss francs ($1.58 billion) in its fourth quarter ... At the end of October, Credit Suisse unveiled a plan to cut thousands of jobs and shift its focus away from investment banking and towards less turbulent wealth management.
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Credit Suisse flags fourth-quarter loss of up to $1.58 bln

Reuters 23 Nov 2022
At the end of October, Credit Suisse unveiled a plan to cut thousands of jobs and shift its focus away from investment banking and towards less turbulent wealth management ... World at WorkcategoryCredit Suisse lays off one-third of China-based investment bankers - sources, article with imageNovember 22, 2022.
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Credit Suisse expects Q4 pre tax loss of up to $1.58 billion

The Times of India 23 Nov 2022
Credit Suisse expects to make a pre tax loss of up to 1.5 billion Swiss francs ($1.58 billion) ... At the end of October, Credit Suisse unveiled a plan to cut thousands of jobs and shift its focus away from investment banking and towards the less turbulent area of wealth management.
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Credit Suisse lays off one-third of China-based investment bankers - sources

Reuters 22 Nov 2022
Two sources said that more than 20 China-based investment bankers have been notified about the job cuts at Credit Suisse Securities (China), the bank's 51%-owned joint venture ... Last month, Credit Suisse announced a 4 billion Swiss franc ($4.18 billion) capital raising and ...
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Credit Suisse lays off one-third of China-based investment bankers – sources

FX Empire 22 Nov 2022
Two sources said that more than 20 China-based investment bankers have been notified about the job cuts at Credit Suisse Securities (China), the bank’s 51%-owned joint venture ... Last month, Credit Suisse announced a 4 billion Swiss franc ($4.18 billion) capital raising and ...
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Credit Suisse's Swiss investment bank to be spared in overhaul

Reuters 18 Nov 2022
ZURICH, Nov 18 (Reuters) - The Swiss arm of Credit Suisse's ... Along with a 4 billion Swiss franc ($4.2 billion) capital raise and thousands of job cuts, Credit Suisse is planning to scale back its scandal-hit investment bank in a shift towards banking for the wealthy.
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Credit Suisse’s Swiss investment bank to be spared in overhaul

FX Empire 18 Nov 2022
ZURICH (Reuters) – The Swiss arm of Credit Suisse’s investment bank will ... Along with a 4 billion Swiss franc ($4.2 billion) capital raise and thousands of job cuts, Credit Suisse is planning to scale back its scandal-hit investment bank in a shift towards banking for the wealthy.
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Exclusive-Credit Suisse overhaul draws scrutiny from some investors, proxy adviser over governance

FX Empire 11 Nov 2022
Battered by a series of scandals and mounting losses, Credit Suisse last month embarked on a turnaround plan that will see the bank raise 4 billion Swiss francs ($4.16 billion) of capital from investors and cut thousands of jobs ... the top job at CS First Boston, these sources said.

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