Suisse Archives - Rvpg media

Credit Suisse financed Greensill’s plan to set up insurance firm

Credit Suisse provided funding for Greensill Capital to set up its own in-house insurance firm, weeks after the supply-chain finance company’s main insurer refused to renew its policy. The loss of a key insurance policy was one of the main factors that hastened the demise of Greensill last year, triggering a sprawling financial and political … Read more

Govt. Spending, Low-Income Jobs, Supply Renewal To Accelerate India’s GDP Growth In 2023: Credit Suisse

India’s gross domestic product (GDP) growth will accelerate in 2023, bolstered by renewed government spending, increased low-income jobs, and the restoration of supply chains, Swiss bank Credit Suisse said in a report. The report said that the country’s economic activity is close to the pre-pandemic levels, higher than officially recorded, and the GDP growth rate … Read more

India’s economic growth to beat expectations in 2023, believes Credit Suisse: Know what triggers will drive growth next year

Stating that India’s level of economic activity is closer to the pre-pandemic path, global brokerage firm Credit Suisse expects the Gross Domestic Product (GDP) growth of the country going ahead will be stronger than the current consensus forecast of 6 per cent in the financial year 2023-24 (FY24). The brokerage reasons it out in its … Read more

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 … Read more

Credit Suisse agrees deal to use First Boston brand on spun-off arm

Credit Suisse has cut a deal with the owner of the First Boston trademark to enable the Swiss lender to use the historic brand on its spun-out investment bank. The Swiss institution announced in October that it intended to separate its capital markets and advisory arm as part of a radical restructuring of the group … Read more

Credit Suisse business is stable, chairman tells broadcaster SRF

ZURICH, Dec 5 (Reuters) – Credit Suisse (CSGN.S) is “definitely stable,” Chairman Axel Lehmann told Swiss broadcaster SRF on Monday, adding that the embattled bank had seen a stabilisation in the outflows of client funds. The bank has reported sharp outflows as wealthy clients move assets elsewhere, while the bank battles to recover from a … Read more

Transcript : Autodesk, Inc. Presents at Credit Suisse 26th Annual Technology Conference, Nov-29-2022 12:20 PM

All right. Well, thank you, everyone, for joining us after the lunch session and during the World Cup match. So — but we’re going to make this more entertaining, right, Andrew?Presenter… S&P Capital IQ 2022 All news about AUTODESK, INC. Analyst Recommendations on AUTODESK, INC. Sales 2023 5 000 M – – Net … Read more

Ex-Barclays boss Bob Diamond set to launch bid to back arm of troubled Credit Suisse | Business

Bob Diamond, the former Barclays chief executive dubbed the “unacceptable face of banking” during the financial crisis, is planning a stunning return to high finance with a bid to back part of the troubled Swiss bank Credit Suisse. Diamond resurrected his career, after being forced out of Barclays during the Libor-rigging scandal in 2012, by … Read more

credit suisse: Credit Suisse warns of Q4 loss on ‘massive’ outflows

Credit Suisse Group AG warned it will book a loss of up to 1.5 billion Swiss francs ($1.6 billion) for the fourth quarter, and reported further outflows of wealth management funds amid a slump in client confidence. Shares dropped 2.6% in early trading, falling below the record closing low hit in late September The Zurich-based … Read more

Credit Suisse forecasts $1.6bn loss on wealth management slowdown

Credit Suisse has forecast a pre-tax loss of up to SFr1.5bn ($1.6bn) in the fourth quarter of its financial year, citing a “substantial” industry-wide slowdown. The Swiss bank, which is undergoing a restructuring to recover from a string of scandals, said in an updated outlook on Wednesday that its wealth management division was likely to … Read more