credit suisse - Latest News, Analysis, Opinion

Banking & Finance

Senior debts are loans secured by collateral (assets) that must be paid off before any other debts when a company goes into default

What Happened To Credit Suisse?

Urvi Shrivastav

Economy

The fate of the mammoth lender is still cloudy, but no conclusion should be drawn prematurely

Metaverse To Push Data Usage By 20 Times In 10 Years: Credit Suisse

Tech

Telecom operators Bharti Airtel and Reliance Jio are suitably placed to benefit from the surge in India, Credit Suisse said in a report on Thursday

Credit Suisse Gives USD 1 Million In COVID Medical Aid

Credit Suisse has also launched a fundraising appeal among its staff to raise money for GiveIndia's COVID response fund, which will then be matched by the bank through a separate donation.

Credit Suisse Cuts FY22 GDP Forecast To 8.5-9 %

Credit Suisse expects a GDP impact of 100-150 basis points, even though considers the second wave is much more intense than the first in terms of daily cases and deaths, yet the economic impact is lower.

Jio Potentially Saved USD 400 Mn With Recent Spectrum Trading Deal: Report

India's largest telecom operator Reliance Jio through the deal with Bharti has now topped up its holding in these circles to 10MHz, 10MHz and 15MHz, respectively, for a total consideration of Rs 1,497 crore.

Cash-Strapped Pakistan Raises USD 2.5 Billion In Bonds From International Capital Market

Pakistan had last raised USD 2.5 billion in international bonds in November 2017. This included a USD 1 billion 5-year Islamic Sukuk at 5.625 per cent and another USD 1.5 billion in 10-year Eurobond at 6.875 per cent.

Credit Suisse Flags Possible Charge From Greensill Fallout

Companies & Markets Markets

Credit Suisse has paid investors some $3.1 billion in redemptions from the four funds thus far, or just under a third of their value shortly before suspension, and said it would be announcing further cash distributions over coming months.

Credit Suisse, Taulia Act To Deal With Greensill Insolvency Fallout

Companies & Markets Markets Stock Market

Japanese insurer Tokio Marine, which provided $4.6 billion of coverage to Greensill credit notes, said that it was investigating the validity of those policies, which it inherited when it bought Insurance Australia Group in 2019.

German Watchdog Puts Greensill Bank On Hold Due To Risk Concerns

Greensill Bank had loans outstanding of 2.8 billion euros and deposits of 3.3 billion euros at the end of 2019, rating agency Scope said in an October report, which did not detail the bank's exposure to GFG.

Credit Suisse Targets Lending Volume After Better-Than-Expected Q4 Loss

The bank proposed a dividend of 0.2926 francs per share, up 5.4%, and said it started a buyback in January targeting a total of 1.0 billion to 1.5 billion francs in buybacks for the year.

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)

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

Companies & Markets Markets

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.

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