Published on February 26, 2024 at 8:42 p.m. Twenty-nine former or current executives of Credit Suisse have obtained the dismissal of a class action launched by shareholders of the bank in the United States, according to the decision of a New York judge dated February 14. According to the plaintiffs, twenty years of mismanagement had … Read more
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While these rates of return are truly impressive, few would have predicted them. Arefiev emphasizes that there is no guarantee that they will happen again in the future. “The financial market can be compared to the weather – very variable and difficult to predict. You should always be ready for unexpected changes. However, just as … Read more
UBS put an end to a decades-old legal dispute involving Credit Suisse in Mozambique. An out-of-court solution was found. UBS logo at the headquarters on Zurich’s Paradeplatz. – keystone Ad the essentials in brief UBS resolved an old Credit Suisse scandal in Mozambique. The East African state and the bank found a solution before the … Read more
This lawsuit could have cost Lukas Hässig his existence: In December, the Swiss financial journalist announced that the major Swiss bank Credit Suisse, which was still independent at the time, had filed a lawsuit against him and his portal Inside Paradeplatz. The blog, almost a one-man operation, is read intensively in banking circles. Irrespective of … Read more
The Swiss are the richest people in the world. This is the conclusion of Credit Suisse (CS) in its annual study on the development of household wealth around the world. The bank presented the “Global Wealth Report”, which has been published for 14 years, on Tuesday for the first time together with UBS, under whose … Read more
Private investors who lost money after the acquisition of Credit Suisse by banking group UBS are suing. They are trying to challenge the buyout in court, reports Financial Times Sunday. The Swiss Investor Protection Association plans to file the claim with the court in Zurich on Monday on behalf of about five hundred investors. Earlier, … Read more
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“UBS plans to conclude the process of taking over Credit Suisse as early as June 12. At this time, Credit Suisse Group AG will be merged into UBS Group AG,” UBS said in a statement. After the deal closes, Credit Suisse and American Depositary Shares (ADS) will be delisted from the SIX Swiss Exchange and … Read more
The National Council rejects federal financial guarantees in connection with the CS takeover. Mitte and FDP fear destabilization as a result of the decision. FDP party president Thierry Burkart in an interview with Nau.ch – Nau.ch Ad the essentials in brief The grand chamber voted no to Credit Suisse loans from the federal government. The … Read more
Khudayrí announced that he was leaving for personal reasons. But his resignation comes 12 days after he categorically ruled out in an interview with Bloomberg that the SNB would provide Credit Suisse with another financial injection if the troubled Swiss bank needed it. Chudajrí explained that if the SNB were to buy additional shares of … Read more
Jakarta, CNBC Indonesia – Main Director (Director) of Saudi National Bank (SNB), Ammar Al Khudairy, resigned from his position on Monday (27/3/2023) local time. His resignation comes after his comments and decisions have brought Swiss bank giant Credit Suisse toppled. He will be replaced by SNB Group Managing Director and CEO Mohammed Al Ghamdi. In … Read more