Credit Suisse Archives - CFO

S&P Dow Jones Fined $9M Over Index Glitch

Risk & Compliance

S&P Dow Jones Fined $9M Over Index Glitch

The SEC says the VIX index published stale values during the market spike on Feb. 5, causing huge losses on a Credit Suisse futures contract.

By Matthew Heller | May 17, 2021

Credit Suisse Rearranges C-Suite

Credit Suisse Rearranges C-Suite

“The significant loss in our prime services business relating to the failure of a U.S.-based hedge fund is unacceptable.”

By Lauren Muskett | April 6, 2021

Greensill Capital Files for Insolvency

Credit & Capital

Greensill Capital Files for Insolvency

The supply-chain lender's filing follows the decision of Swiss funds that had invested in its securities to withdraw their support.

By Matthew Heller | March 9, 2021

Sell-Side Digests Shake Shack’s Earnings, Guidance

Financial Performance

Sell-Side Digests Shake Shack’s Earnings, Guidance

The company’s shares plunged after third-quarter results, but some analysts continue to like the stock.

By Lauren Muskett | November 5, 2019

Credit Suisse to Charge Clients for Large Deposits

Credit & Capital

Credit Suisse to Charge Clients for Large Deposits

Switzerland's second largest bank is following the lead of competitors in response to the country's monetary policy.

By Matthew Heller | October 21, 2019

Credit Suisse Settles Foreign Bribery Investigations

Risk Management

Credit Suisse Settles Foreign Bribery Investigations

The SEC said ‘relationship hires’ allowed the bank to win millions in business in the Asia-Pacific region.

By William Sprouse | July 5, 2018

Tax Bill Forces Barclays to Take $1.2B Charge

Tax Bill Forces Barclays to Take $1.2B Charge

The bank is joining other companies that are writing down the value of their deferred tax assets in the wake of the U.S. legislation.

By Matthew Heller | December 27, 2017

Why Is There Still Gender Pay Disparity?

Human Capital & Careers

Why Is There Still Gender Pay Disparity?

Companies' compensation for women doesn't reflect their performance levels or their impact on business results.

By David McCann | January 5, 2017

Deutsche, Credit Suisse Settle MBS Cases for $12B

Risk & Compliance

Deutsche, Credit Suisse Settle MBS Cases for $12B

The settlements with U.S. authorities ease investor concerns over the impact of the MBS scandal on the shaky European banking industry.

By Matthew Heller | December 23, 2016

Credit Suisse Fined $90M for Inflating Metric

Risk & Compliance

Credit Suisse Fined $90M for Inflating Metric

The bank allegedly misrepresented it had attracted $7.6 billion in new wealth management business to meet performance targets.

By Matthew Heller | October 6, 2016

Deutsche Bank Criticized by IMF, Fed

Risk Management

Deutsche Bank Criticized by IMF, Fed

Deutsche Bank 'is one of the most important net contributors to systemic risks in the global banking system,' the IMF said.

By Katie Kuehner-Hebert | June 30, 2016

Credit Suisse Bond Spotlights Cap Markets Risk Coverage

Risk Management

Credit Suisse Bond Spotlights Cap Markets Risk Coverage

The bank is eyeing the capital markets' response to its largely unprecedented move of securitizing operational risks.

By David Katz | June 1, 2016

Credit Suisse Posts Q1 Loss

Credit Suisse Posts Q1 Loss

Credit Suisse accelerated its cost-cutting efforts as adverse market conditions led to a huge drop in revenue for the investment bank's global markets unit.

By Katie Kuehner-Hebert | May 10, 2016

Credit Suisse to Slash 2,000 Jobs in Trading Unit

Credit Suisse to Slash 2,000 Jobs in Trading Unit

The layoffs are part of a major strategic revamp of the bank aimed at reducing its dependence on investment banking.

By Matthew Heller | March 23, 2016

Credit Suisse Fined $665K Over Futures Trading

Risk & Compliance

Credit Suisse Fined $665K Over Futures Trading

The CFTC also said Credit Suisse submitted false or misleading information to show it was in compliance with position limit rules.

By Matthew Heller | March 22, 2016