Page 11 - Credit Suisse

Credit Suisse Group reveals 'material' lapses in financial reporting

Credit Suisse was forced to delay the release of its annual report from last week after the Securities and Exchange Commission raised last-minute queries on cash-flow statements from 2019 and 2020

Credit Suisse sees First Boston IPO by 2025 amid investor search

Credit Suisse announced earlier today that senior leaders in the carved-out unit are expected to receive up to 20% of shares

Former Credit Suisse exec Ashish Gupta to join Axis MF as CIO

Gupta, who was head of equity research for India at Credit Suisse, left the Zurich-based bank last November after a 14-year stint

Credit Suisse Group AG 'seriously breached' rules in Greensill case

The Swiss bank was ordered to take remedial measures by Finma, which include a periodic executive board level-review of the most important business relationships for counterparty risks

Global equities outpace bonds in ultra-long marathon, shows data

Global equities have delivered 5% annualised returns versus 1.7% for bonds since 1900

Credit Suisse reports loss for fifth straight quarter, shares slump 10%

While withdrawals were concentrated in a hectic two-week period in October, the full scale of the exodus - 110.5 billion francs - still surprised analysts

Credit Suisse's private bank stops margin loans on Adani Group's bonds

The Swiss lender's private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy and Adani Electricity Mumbai Ltd

A matter of governance: When independent directors call it quits midway

Most independent directors who quit do not explain why they are leaving before the end of their terms

PLI scheme to deliver modest capex push across sectors: Credit Suisse study

Scheme is skewed towards assembly-based operations for attaining peak revenue targets, but they make the least capex investment

Falling P/E may cap returns in 2023: Credit Suisse's Neelkanth Mishra

Credit Suisse expects domestic earnings to grow 15 per cent over the next one year and market returns could be in line with that

Credit Suisse says India growing faster than what official data shows

India is growing faster than what is captured by the country's official data, and it presents a case for an upgrade of equities outlook, a Swiss brokerage said on Thursday. Upgrading Indian equities to 'benchmark' from 'underweight', Credit Suisse said there is a scope for a growth of up to 14 per cent on the benchmark indices. The brokerage firm's head of research Neelkanth Mishra said the country will grow at 7 per cent in FY24, as against the consensus estimates which peg the real growth to slip below 6 per cent. Mishra told reporters that the consensus estimates are based on official data alone, whereas the brokerage analysis has taken into account a broad data set to arrive at its expectation. Mishra said the growth in dense fuels -- which is typically below the real GDP growth as fuel efficiencies go up -- is over 4 per cent per annum for the last three years. Similarly, revenue growths of the BSE500 companies also point out to a faster growth, he said. "We are expecting a

Foreign outflows, weak IT sector stocks weigh on benchmark indices

Sensex declines in 4 out of 5 sessions in the week, Nifty50 in 3 sessions

IT stocks tumble as Credit Suisse warns of valuation-led correction

Indian IT valuations, the brokerage and research house argues, are at large premium to history despite material correction from the top

Credit Suisse shares set to end losing streak on halted outflows

Credit Suisse rose as much as 6.9% in Zurich trading, putting the stock on course to end a record 13-day losing streak, as the comments calmed investors

Equity rerate unlikely before second half of 2023, says Credit Suisse

Higher-rates-for-longer theme triggered significant derating this year

Credit Suisse expects pre-tax loss of up to 1.5 billion Sfr in Q4

The profit warning is a blow for the bank which had previously said it expected to make a net loss during the last three months of the year but did not give a figure

Credit Suisse lays off one-third of China-based investment bankers

Credit Suisse has laid off about one-third of its China-based investment banking team and nearly half of its research department

Sanjeev Gupta's Liberty Steel nears deal with Credit Suisse, Greensill

Gupta's sprawling group of metals firms, gathered under a loose umbrella called GFG Alliance, were pushed to the brink when Greensill collapsed in March 2021

Apple pauses hiring for many roles besides R&D in escalation of cost cuts

The pause generally doesn't apply to teams working on future devices and long-term initiatives, but it affects some corporate functions and standard hardware and software engineering roles

Investors shed $7 billion off Credit Suisse Saudi backer over stake deal

Investors have wiped about $7 billion off Saudi National Bank's market value amid growing concern over the lender's plans to purchase a stake in Credit Suisse Group AG