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Latest Articles in credit suisse

Credit Suisse To Slide Into Red As It Sets Aside $850 Million For US Litigation

The bank had already set aside $300 million in connection to a decade-long dispute with New York-based municipal bond insurer MBIA regarding a U.S. residential mortgage-backed security (RMBS)

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Credit Suisse Forecasts Fourth-Quarter Loss After Taking Higher Provisions Over US Case

The investment bank continued to perform well, Credit Suisse said, with fourth-quarter dollar revenue rising by more than 15% compared with a year earlier.

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Italy Could Take On $17 Billion Of Unicredit Bad Loans To Ease MPS Sale

Shares in UniCredit extended gains on the news, rising by as much as 7.4% before closing more than 6% higher, their biggest one-day rise in almost a month.

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Credit Suisse's acquisition of PFL shares is exploitation of purported rights: Reliance Capital

Credit Suisse's acquisition of PFL shares is exploitation of purported rights: Reliance Capital

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2021 To Ring In Spectrum Auctions, Potential Tariff Hikes For Telecom Sector

Jio may purchase additional spectrum as it looks to augment its network capacity having garnered 35 per cent subscriber market share and a much higher share of traffic

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Uber, Gig Economy Companies See California Win As National Model

Uber's shares rose 12%, while Lyft jumped 9%. The companies, along with DoorDash, Instacart and Postmates, poured more than $205 million into the campaign.

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Credit Suisse Profit Slides As Wealth Management Fees Fall

Shares fell more than 5% in early trade, hitting a five-month low, as analysts noted disappointing wealth management revenue.

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Credit Suisse Teams Up With AXA For Digital App

Switzerland's second-biggest bank last month unveiled the CSX app that seeks to challenge fintechs such as Revolut by offering free foreign transactions and fully digital wealth management.

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Credit Suisse Expands Wealth Management India Team With Nine Senior Hires

Credit Suisse has a leading wealth management franchise in Asia Pacific, and was most recently ranked the top 2 private bank in the region by industry leading publication Asian Private Banker (“APB”) in its Asia (ex-China onshore) AUM League Tables 2019.

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Credit Suisse To Launch Fintech Rival Digital Banking App In October

Cash withdrawals at ATM machines are not covered by the app, but clients who do so regularly can reduce costs via a Mastercard debit card that costs 3.95 Swiss francs ($4.34) a month.

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Asia Wealth Managers Pull Out All Stops To Get Clients On Ant IPO

Some wealth managers are also advising clients in the region to pare or exit their holdings in fixed-income and other under-performing securities to free up liquidity to participate in the Ant IPO

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Swiss Open Enforcement Case Against Credit Suisse In Spy Affair

The move by FINMA intensifies the regulatory pressure on Credit Suisse and follows the completion of a review of the bank's corporate governance by an independent auditor and its use of electronic communications in connection with the surveillance of former employees.

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Credit Suisse's Asian Business Has Highest Level Of Credit Provisions

Provisions in the second quarter referred to four individual potential bad-loan cases in the region, up from 3 in the first quarter, the financial statements showed.

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SoftBank Pulls Investment From Credit Suisse Funds

Credit Suisse said that around 15% of the notes now held by its funds were backed by the obligations of companies in which the SoftBank Vision Fund has minority equity stakes.

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BNP Paribas Plays Long-Game To Be Europe's Banking Winner From COVID Crisis

While the bank's risk-weighted assets grew by 5.5% between 2015 and 2019, and revenue rose 3.9%, its return on tangible equity - a measure of profitability - has remained flat at around 10%.

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