Prudential boss Tidjane Thiam jumps into Credit Suisse role March 9, 2015 Prudential boss Tidjane Thiam is set to leave the FTSE 100 giant later this year to head Swiss banking titan Credit Suisse, it emerged last night. The surprise exit, which would bring the curtain down on a six-year tenure at the helm of the Pru, is expected to be announced as soon as this morning, [...]
Investors lap up Credit Suisse bosses’ pay cut February 12, 2015 CREDIT Suisse bosses have taken the lead in slashing costs, yesterday accepting a 25 per cent pay cut to shore up profits. Shares soared nine per cent on renewed commitments to cut costs. Board directors at the giant bank made the personal sacrifice to show bosses are serious about accountability in the wake of the [...]
Snapchat picks up Credit Suisse banker who led Alibaba’s float December 9, 2014 SNAPCHAT made its money-making intentions clear yesterday with the appointment of a major investment banker from Credit Suisse. Evan Spiegel, the 24-year-old founder of the hugely popular messaging app, has brought in heavy-hitter Imran Khan, formerly the head of investment at Credit Suisse who led the bank’s team on Alibaba’s $25bn (£15.9bn) float this year. [...]
Snapchat hires Credit Suisse banker Imran Khan to lead strategy after billion dollar valuation December 9, 2014 Snapchat has made its money-making intentions clear with the hire of a major investment banker from Credit Suisse. Evan Spiegel, the 24-year-old founder of the hugely popular messaging app, has brought in heavy hitter Imran Khan, formerly the head of investment at Credit Suisse who led the bank’s work on the Alibaba IPO earlier this [...]
Boxing for Buhinga: City lawyers from HSBC, Credit Suisse, Taylor Wessing, EDF and Baker & McKenzie don gloves for charity match November 23, 2014 Lawyers are known for their ferocity inside the courtroom, but rarely do we get to see them bare their teeth outside. Well, thanks to Baker & McKenzie senior associate Matt Totman, now we do. Saturday night saw the Boxing for Buhinga event take place at The Brewery and with it, 16 City lawyers pulling [...]
Lessons from the mentoring experts Credit Suisse November 9, 2014 Personal enrichment and increased job satisfaction are often given as reasons for being both a mentor and mentee. But being either can also have a measurable impact on your career. A 2006 comparative study by research firm Gartner found that both parties are 20 per cent more likely to get a pay rise than colleagues [...]
European Commission slaps JP Morgan, UBS and Credit Suisse with combined €93.9m fine for Libor rigging and interest rate derivative collusion October 21, 2014 The European Commission has come down hard on banks again, fining JP Morgan, UBS and Credit Suisse a combined €93.9m (£74m) for colluding on benchmarks and prices, including libor rates and interest rate derivatives. JP Morgan will pay a settlement of €61.6m over the manipulation of the Swiss franc libor rate between March 2008 and [...]
Loss-making Credit Suisse quits commodities in efficiency drive July 22, 2014 Credit Suisse plunged to a loss in the second quarter after a SFr1.6bn (£1bn) fine for helping US clients evade taxes wiped out its profits, the Swiss bank said yesterday. It launched a new efficiency drive to help cut costs, beginning by closing its commodities trading business. The unit accounted for $2bn (£1.2bn) of risk-weighted assets [...]
Credit Suisse hit with £2.4m fine by FCA over misleading promotions June 16, 2014 Credit Suisse International (CSI) has been struck with a £2,398,100 fine by the Financial Conduct Authority (FCA) for failing to ensure that financial promotions for CSI's Cliquet product were "clear, fair and not misleading". Yorkshire Building Society (YBS) has also been fined £1,429,000 over the same matter. The Cliquet product was described as a capital [...]
Credit Suisse sees little business impact from US penalties May 20, 2014 CREDIT Suisse shrugged off Monday’s massive fine from US authorities yesterday, saying that charges of tax evasion had not affected the bank’s relationship with clients. “We’ve had a lot of consultations with clients in terms of different potential outcomes here, and I have to say all of the discussions with clients have actually been very [...]