{
Credit Suisse

Companies

}
the downfall of credit suisse a tale of trust and scandal
Credit Suisse"s reputation as a bastion of trust eroded over decades due to scandals, including its handling of Holocaust-era assets and involvement in financial crises. Despite attempts to recover, the bank"s persistent mismanagement culminated in its sale to UBS in March 2022, marking a dramatic fall from grace. The collapse serves as a stark reminder that without trust, a bank cannot survive.
thetimes.com
Swiss Franc British Pound Sterling United States Dollar Euro Silicon Valley Bank Union Bank of Switzerland (UBS) Credit Suisse USA CHE James Archer Yitzhak Harari Jeffrey Archer António Horta-Osório Duncan Mavin Christoph Meili William D Cohan Show more
TradFi, News Article
01:01 16.11.2024
Swiss financial regulator fails to meet strategic goals amid ongoing challenges
The Swiss Financial Market Supervisory Authority (FINMA) has set new strategic goals for 2025-2028, yet its performance from 2021-2024 has been criticized as ineffective, particularly in ensuring the stability of financial institutions and managing risks. The downfall of Credit Suisse highlights significant failures in supervision, stress testing, and risk management, raising concerns about the authority"s ability to support innovation in the financial sector. As it embarks on a new strategy, FINMA must improve its operational excellence and accountability to remain relevant.
muula.ch
Swiss Franc United States Dollar Credit Suisse UBS CHE Marlene Amstad
TradFi, Market Report
16:28 15.11.2024
trump administration poised to relax banking regulations amid industry optimism
The financial sector faces renewed pressure for deregulation as Donald Trump’s potential return to the White House raises concerns about the rollback of post-2008 reforms. Lobbyists have already influenced significant regulatory easing under President Biden, with the Basel III reforms being notably diluted. Experts warn that such relaxed capital rules could destabilize the banking system, as evidenced by recent crises involving major banks like Silicon Valley Bank and Credit Suisse.
Tages-Anzeiger
United States Dollar UBS JPMorgan Chase & Co. Cantor Fitzgerald Credit Suisse USA CHE Jamie Dimon Gary Gensler Scott Bessen Joe Biden Donald Trump Show more
Finance & Economy, News Article
13:22 15.11.2024
credit suisse collapse fueled by scandals and social media panic
Credit Suisse"s collapse stemmed from a series of scandals that eroded trust among clients, regulators, and investors, exacerbated by a rapid turnover in leadership. The bank"s mismanagement, highlighted by significant losses from the Archegos and Greensill scandals, left it vulnerable to a digital bank run, ultimately leading to its forced takeover by UBS amid a broader banking crisis. Social media amplified existing fears, revealing the fragility of the banking system and prompting calls for regulatory reforms to address these new challenges.
bloomberg.com
Chinese Yuan United States Dollar British Pound Sterling Credit Suisse CHE Tidjane Thiam John Authers
TradFi, News Article
12:00 15.11.2024
Axel Lehmann offers advice on LinkedIn after leading Credit Suisse to crisis
Axel Lehmann, who played a significant role in driving Credit Suisse to its downfall, is now offering advice on LinkedIn. This unexpected turn has raised eyebrows, highlighting the complexities of leadership and accountability in the financial sector.
Zofinger Tagblatt
Credit Suisse CHE Lehmann Axel
TradFi, Blog Post
07:59 15.11.2024
vacant office spaces rise in zurich amid changing work trends
Zurich faces a significant surplus of vacant office space, with over 420,000 square meters unused in the region. Notable ghost buildings include the Google headquarters on Müllerstrasse and the Credit Suisse high-rise on Quadroplatz, both struggling to find tenants. The trend is exacerbated by the popularity of remote work, leaving many offices, including those rented by Zurich Insurance, underutilized.
tsri.ch
Swiss Franc Google Inc. Zurich Insurance Group AG Credit Suisse UBS General-Guisan-Quai Henrik Jason Stump Show more
TradFi, News Article
06:04 15.11.2024
wiss banks excel in customer loyalty digital offerings and service rankings
Neon has emerged as Switzerland"s leading neobank, capitalizing on local features like pillar 3a and QR-bill, which international competitors like Revolut cannot offer. The bank emphasizes customer service, allowing direct phone support for inquiries, setting it apart in a competitive market. In various banking categories, cantonal banks dominate, particularly in savings, loans, and customer service, while Banque Avera leads in digital offerings.
pme
Swiss Franc Credit Suisse UBS CHE Jörg Sandrock Michael Steiner Volker Strohm Claudia Spörri Show more
TradFi, Market Report
10:18 14.11.2024
us authorities investigate ubS over russian clients following credit suisse takeover
US authorities are investigating UBS regarding Russian clients acquired through its takeover of Credit Suisse, amid concerns over potential sanctions violations. The Office of Foreign Assets Control (OFAC) has reached out to UBS, which is reviewing its client relationships to align with its conservative risk management principles. Currently, Switzerland has around 2,250 entities on its sanctions list related to the Ukraine situation, with blocked assets totaling 5.8 billion francs.
finews.com
Russian Ruble United States Dollar British Pound Sterling Swiss Franc Euro UBS BNP Paribas SA Credit Suisse USA CHE RUS UKR Show more
Finance & Economy, News Article
12:08 13.11.2024
ubs faces scrutiny over russian clients following credit suisse acquisition
UBS is under scrutiny from U.S. sanctions authorities regarding its Russian clients, following its acquisition of Credit Suisse, which brought in clients that may not align with UBS"s risk standards. The Office of Foreign Assets Control (OFAC) has requested information about these clients, with no distinction made between those on sanctions lists. UBS has emphasized its conservative risk management approach and is reviewing client relationships, particularly those inherited from Credit Suisse, amid ongoing investigations into potential sanctions violations.
finews.ch
Swiss Franc United States Dollar Euro Russian Ruble BNP Paribas SA Credit Suisse UBS CHE Show more
TradFi, News Article
12:03 13.11.2024
us investigates ubss handling of russian accounts from credit suisse acquisition
The U.S. is investigating UBS over Russian clients acquired from Credit Suisse, amid heightened scrutiny following the latter"s collapse. The Office of Foreign Assets Control (OFAC) has engaged with UBS regarding compliance with sanctions, as the bank seeks to mitigate potential fallout by isolating suspect funds. UBS shares fell nearly 1% as regulators in Switzerland also examine the bank"s handling of these clients and its anti-money laundering practices.
Yahoo Finance
United States Dollar Russian Ruble UBS Credit Suisse IRN USA CHE RUS UKR Sergio Ermotti John O"Donnell Stefania Spezzati Dave Graham Show more
TradFi, News Article
10:05 13.11.2024
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