Credit Suisse to force bankers to repay some of bonuses if they exit within three years January 28, 2022 Investment bank Credit Suisse has told staff they will be forced to repay some of their bonuses if they exit the company within three years. According to The Telegraph newspaper, bankers were told today about plans for a new system for bonuses. It comes after the company’s chairman Sir Antonio Horta-Osorio was forced to step [...]
Credit Suisse beats investment banker in London court as £66m espionage case is thrown out January 26, 2022 A former Credit Suisse banker’s £66m lawsuit was rejected yesterday afternoon as a London court found that the banking giant was under no obligation to protect its former employee from the risk of criminal charges while he was working in Romania. Vadim Benyatov had demanded $89m, or nearly £66m, in lost earnings after a court [...]
Banking star and former Lloyds chief Antonio Horta-Osorio resigns at Credit Suisse after damning probe into personal actions January 17, 2022 Well-known global banker Antonio Horta-Osorio, the former boss of Lloyds Banking Group, has resigned as chairman of Credit Suisse after less than 12 months following an investigation into his personal actions. Antonio Horta-Osorio, who steered lending giant Lloyds back into private ownership after its 2008 financial crisis bailout, said in a statement issued by Credit [...]
Credit Suisse chairman under fire for breaking Covid rules January 8, 2022 Credit Suisse Chairman Antonio Horta-Osorio comes under fire from the bank's board after an internal investigation found he breached coronavirus rules a second time, Tages-Anzeiger newspaper reported this morning.
Credit Suisse investigation reveals chairman broke Covid rules twice December 31, 2021 António Horta-Osório is under investigation by Credit Suisse after reportedly breaking Covid quarantine rules for the second time, in order to watch a Wimbledon tennis match in the summer. Horta-Osorio, who joined Credit Suisse from Lloyds in April, has previously called the scandals faced by Credit Suisse, including the $5.4bn loss from the collapse of [...]
Credit Suisse sacks staff with links to Greensill funds after review into collapse December 22, 2021 Credit Suisse has fired staff and imposed “severe” financial penalties on various individuals, as the bank investigates the failings that led to the collapse of its Greensill-linked supply chain finance funds. The Swiss banking giant commissioned the investigation after its asset management division had to suspend a $10bn range of supply chain finance funds that [...]
Credit Suisse executive with links to Greensill steps down after 30 years December 20, 2021 Eric Varvel, the Credit Suisse executive who previously ran the bank’s $500bn asset management unit with ties to Greensill, is stepping down after three decades at the Swiss group. Varvel, who was most recently chair of Credit Suisse’s investment bank and head of its US holding company, had contemplated leaving the bank partly due to [...]
Credit Suisse shakes up board and appoints new wealth management head December 13, 2021 Credit Suisse has welcomed back Francesco De Ferrari and named him global head of the bank’s wealth management division, among a series of appointments to its executive board announced this morning. De Ferrari, who worked at Credit Suisse between 2002 and 2018, will return to the Swiss bank in the new year after a brief [...]
Credit Suisse wants access to staff personal mobiles December 11, 2021 Switzerland’s biggest bank has asked staff to allow their employer access to their personal mobile phones and other devices if used for work communication with clients or colleagues, according to reports. The controversial new policy by Credit Suisse has raised concerns about privacy, according to the Financial Times, which first reported the news. As the [...]
Credit Suisse pencils in next payout to Greensill fund investors this month December 9, 2021 Credit Suisse is plotting another payout this month for investors in its frozen supply chain finance funds linked to Greensill Capital, the bank said today. The latest payout is the sixth installment since Greensill Capital collapsed earlier this year, taking the total amount returned to investors as of the end of November to $7.1bn. It [...]