Will a new currency hegemon emerge in the world: Three scenarios for the development of the global financial system
Even in the absence of geopolitical and economic upheaval, the dollar’s role as the world’s reserve currency is likely to weaken in the future. This is stated in the report of the Swiss bank Credit Suisse “The Future of the World Monetary System”, with which RBC is familiar. The expansion of floating exchange rates, the […]
Clients of “Sultan” withdraw a lot of money, this bank threatens to lose IDR 24T
Jakarta – Swiss credit big loss in the last three months of the year. This is because wealthy clients have started turning away from the Swiss banking giant. Credit Suisse estimates a loss of USD 1.58 billion or IDR 24.65 trillion (exchange rate of IDR 15,600) in Q4 2022. Wealthy clients made massive withdrawals which […]
$ 495 million agreement in the United States for the settlement of the latest dispute on subprime mortgages
Credit Suisse said on Monday that it has reached a final settlement with the New Jersey Attorney General to settle the latest mortgage-backed securities litigation dating back to the 2008 financial crisis. Intense press and market rumors as it approaches a review of the its strategy after repeated scandals, will pay an amount of 495 […]
Giant Bank Credit Suisse will reportedly go bankrupt, will its fate be like that of Lehman Brothers?
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JAKARTAKOMPAS.com – Global markets are highlighting the plight of investment banking giants, Swiss credit. The financial condition of the Swiss bank is considered to be in poor condition and some have even assessed that it is on the verge of bankruptcy. Market concern about the potential bankruptcy of Credit Suisse is reflected in the skyrocketing […]
Credit Suisse is great, this is the complete timeline and the facts
Jakarta, CNBC Indonesia – Swiss investment firm Credit Suisse is experiencing a severe shock. This can be seen by the sharp decline in the financial giant’s stocks and bonds. Indeed, following this sharp decline, CEO Ulrich Körner sent a reminder to all his employees on Friday (30/9/2022). He tries to convince the staff of the […]
Violent Stock Market Recovery in Europe | Finansavisen
US stock market indices rose 2-3% on Monday and Europe followed suit on Tuesday. By four o’clock, the German Dax had gained 2.7%, while the rise in the French Cac and the British FTSE was 3.4 and 2.1% respectively. Long bonds and precious metals also received a solid boost. The development reflects the hope that […]
Credit Suisse resolves US shareholder lawsuit on Archegos
Credit Suisse has resolved a legal dispute with a US pension fund for risky investments. At issue were billions of losses due to the collapse of Archegos and Greensill Capital. Credit Suisse (CS) reached a $ 32.5 million deal. It resolves a lawsuit accusing the Swiss bank of misleading its shareholders about the quality of […]
Scandal! This Big Bank Gets Law on Cocaine Cases, How Comes?
Jakarta, CNBC Indonesia – Investment banking firm Credit Suisse Group AG was convicted by the Swiss Federal Criminal Court for failing to prevent money laundering by a Bulgarian cocaine smuggling gang Monday (27/6/2022). A former bank employee was found guilty of money laundering in the trial, which also included testimony about murder. Federal prosecutor Alice […]
The long-awaited CEO of Santander brings closeness to America | Opinion
José Antonio Álvarez will finally have a substitute as CEO of Santander. It will be the Mexican Héctor Grisi Checa (Mexico City, 1966), whose appointment was announced on Friday, while the bank is bidding, precisely, to buy Banamex, the Citi subsidiary in the North American country. He has a professional career in the financial field […]
Almost a quarter of a million job vacancies in Switzerland
From the nursing profession to the retail trade to the big bank: According to the “Jobradar”, around a quarter of a million jobs are vacant in Switzerland. In Zurich there are 56,000. A lot of staff is needed, especially in the care sector. (icon image) – Keystone Ad the essentials in brief According to new […]