"The execution of the cost-cutting program is going well. We gave a (headcount reduction) target of 6,000 for 2016 and we've done 3500 so we are 58% into our program at the end of April."
Credit Suisse Group is a world-leading financial services company, advising clients in all aspects of finance, around the world, around the clock.
Credit Suisse is placing asset management under the twin direction of its wealth management and Swiss banking divisions, it said on Sunday, announcing a further strategy rejig after a shake-up in October.
Geneva prosecutors are widening their probe into Credit Suisse and one of its ex-wealth managers, identifying another three former employees as suspects in a case looking into unauthorized trades on the accounts of rich eastern Europeans, according to two people familiar with the investigation.
U.S. authorities investigating corruption in world soccer have gained the cooperation of a Swiss banker, according to people familiar with the matter, leading their probe closer to financial institutions that prosecutors have said were used to move bribe money.
After underperformance on fixed income trading desks and headcount reduction that reminded some on Wall Street of the post-crisis bloodbath, it's possible the worst of the storm has passed.
Tidjane Thiam is set to come under more pressure this week when Credit Suisse reports its first-quarter results.
'Carrying out a fresh round of job cuts in London, shrinking its workforce'.
UBS was downgraded at Morgan Stanley after the bank’s lower-than-expected first-quarter earnings muted the outlook for dividends.
Credit Suisse will take another around $100m writedown as part of the sale of assets in its distressed credit portfolio to U.S. investment firm TPG's TSSP, with most of the charge reflected in the bank's first-quarter results.
Seven of the world's biggest banks have agreed to pay $324m to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553tril derivatives market.
Credit Suisse has hired Greenhill’s top technology dealmaker, Dhiren Shah, and Barclays banker David Kamo to run teams that advise clients including investment funds on mergers and acquisitions.
More bad news likely.
Blackstone is hiring a former top enforcement attorney at the U.S. Securities and Exchange Commission, months after the world’s biggest alternative-asset manager agreed to its first SEC penalty, two people with knowledge of the move said.
For years, he was a member of the elite of Swiss bankers. Now, a former Credit Suisse wealth manager is in a prison hospital in Geneva, charged with fraud, misappropriation, and criminal mismanagement, facing as many as 10 years behind bars.
A new report puts an independent Scotland higher up the human development index table than the rest of the UK.
As we are constantly being approached by people looking to gain graduate entry into financial markets firms, we've come up with this directory.
Société Générale Corporate & Investment Banking further strengthens strategic dialogue with its clients with new senior banker appointments within its Coverage and Investment Banking Division.
Credit Suisse today announced that Osama Abbasi has been appointed Chief Executive Officer of the Asia Pacific Region and a member of the Executive Board of Credit Suisse Group AG and Credit Suisse AG, reporting to Brady Dougan, effective October 1, 2010.
Cutting right to the chase.
43-year old Fermin Aldabe rocked up for his first day at work as head of Standard Chartered's complex product risk management in Singapore in December 2008. Unfortunatley, it would prove to be his last day working for the bank.
Credit Suisse has hired Tom Klein from larger rival UBS to oversee capital and liquidity management for the bank’s trading unit, according to two people briefed on the matter.
BlackRock has hired former hedge fund manager Justin Ferrier as a managing director for Asian private credit investment, according to an e-mailed statement.
Credit Suisse has named Haidee Lee head of sellside M&A Americas in its investment banking and capital markets division, according to a memo obtained by IFR.