Credit Suisse failure shows perils of obsession with size over risk assessment, says Uday Kotak

Uday Kotak said the sale of Credit Suisse was a signal to all bankers and stakeholders of what plays out when the risk-return matrix is overtaken by an obsession with size. The comments came hours after the UBS Group AG agreed to acquire the crisis-hit Credit Suisse Group AG in for over $2 billion in a historic government-brokered deal.
#UdayKotak #CreditSuisse #News #Business #Economy

4 hours ago

Can the Credit Suisse deal lend enough confidence to Fed in fighting inflation?

Investors are worrying if the financial market instability can tumble into economic instability, which puts a screeching brake on growth, spending and hiring. The ratcheting up of interest rates by central banks have had its collateral damage.
#CreditSuisse #News #Business #Markets

5 hours ago

Credit Suisse tells staff, 'bonuses will be paid, go to work'

There will be no changes to payroll arrangements and bonuses will still be paid on March 24. In many countries, bonuses have already been paid. The bank doesn’t expect any changes for remaining jurisdictions, the memo says.
#CreditSuisse #News #Sports #Tennis

6 hours ago

GLOBAL MARKETS-Stock futures nudge higher on Credit Suisse buyout

U.s. Stock futures rose 0.5% in bumpy early trade on monday. Equities led the S&P ASX 200 down 0.8% in morning trade. Investors pushed U.S. Rate expectations a bit higher ahead of a federal reserve meeting.
#CreditSuisse #News #Business #Markets

9 hours ago

The Irish Times view on the banking crisis: the tremors have spread to Europe – The Irish Times

Credit Suisse is being taken over by uBS in a move to calm banking markets. It is clear that the banking tremors which started in the us with the collapse of Silicon Valley Bank are now being felt in Europe. A full euro-zone -wide deposit insurance scheme is not yet in place, even if individual countries have their own schemes.
#TheIrishTimes #Europe #News #Sports #Tennis

12 hours ago

UBS agrees to buy Credit Suisse in Swiss-assisted bid to calm markets

The deal includes 100 billion Swiss francs ($108 billion) in liquidity assistance for UBS and Credit Suisse from the Swiss central bank. The federal government is providing a loss guarantee of a maximum of 9 billion francas for a clearly defined part of the portfolio.
#UBS #Swiss #News #Business #Markets

12 hours ago

Global stock markets eye volatile week with Credit Suisse, Fed as catalysts

Global markets are bracing for what looks set to be another tumultuous week with a focus on the Federal Reserve’s policy response to the US bank turmoil and the fate of Credit Suisse Group AG in Switzerland. Traders will watch how the Swiss franc reacts to the flurry of weekend activity that saw rival UBS Group AG considering an acquisition of credit Suisse while the government weighed taking a stake in the bank.
#CreditSuisse #Switzerland #News #Business #Markets

16 hours ago

Explainer-Credit Suisse: How did it get to crisis point? - The Economic Times

Chandra will continue to Remain a Mentor and Guide Rajesh Gopinathan, the outgoing CEO of TCS, said he would “continue to have a great relationship” with Tata Sons Chairman N Chandrasekaran. The board of Tata Consultancy Services (TCS) considered four internal candidates before choosing K Krithivasan for the top job.
#Chandra #CreditSuisse #News #Business #Economy


Credit suisse: Credit Suisse lifeline, First Republic rescue: What you need to know - The Economic Times

The board of Tata Consultancy Services considered four internal candidates before choosing K Krithivasan for the top job at India’s largest software exporter. The outgoing CEO of TCS said he would “continue to have a great relationship” with Tata Sons Chairman N Chandrasekaran.
#CreditSuisse #News #Business #Economy


From Silvergate To Credit Suisse And The Impact On Markets: A Tick-By-Tick Timeline

Global markets have had a week of turmoil compared to lehman and the subsequent financial crisis of 2008. The story begins last Wednesday, when the US market shut on march 8 which is last Wednesday. A major consequence of the crisis that emerged, coupled with the uncertainty, the prospects of the Federal Reserve hiking interest rates at its March 21-22 meeting completely disappeared.
#Silvergate #News #Business #Markets

2 days ago

Wild swings to continue in commodities as fear dominates market sentiments

Credit Suisse shares hit an all-time low after its largest investor, Saudi National Bank, refused to provide any more funding. Meanwhile, bond markets saw intense activity with US 10-year treasury yields falling to 2.373 percent, its lowest level since mid-December.
#CreditSuisse #News #Business #Markets

2 days ago

Tiger Global sells 0.75% stake in Delhivery via open market for Rs 177 cr - The Economic Times

The Adani Group said Vinod Adani continues to be a part of the promoter group. The reserve bank of India is monitoring developments related to Credit Suisse. Local bond traders said the risk of contagion is negligible.
#VinodAdani #TigerGlobal #News #Business #Markets

2 days ago

Credit Suisse puts new dent in Swiss bank armour

The bailout of rival UBS (UBSG.S) has put another dent in the Swiss armour of financial stability. The country’s two recent banking crises are very different.
#CreditSuisse #Swiss #News #Business #Markets

2 days ago

Live updates: Credit Suisse deal, First Republic, global stock market news

U.s. Regulators orchestrated a $30 billion cash infusion into First Republic Bank. Investors remain skeptical of credit Suisse's ability to stay afloat. The stock fell another 5% in morning trade, as rumors of a takeover continued to swirl.
#CreditSuisse #News #Business #Markets

2 days ago

The Times view on the Credit Suisse crisis: Quantitative Destruction

Credit Suisse has been implicated in numerous scandals in the past few years. ARND WIEGMANN/REUTERSGlobal financial markets bounced back. But investors are entitled to wonder: for how long?SponsoredThe previous day, shares in Switzerland’s second-largest bank had tumbled by 30 per cent.
#TheTimes #Switzerland #News #Business #Economy

3 days ago

Stock market news today: Stock futures mixed ahead of ECB decision

Stock futures were lower early Thursday after the ECB surprised markets with a 0.50% interest rate hike. The move comes amid financial stability concerns following Wednesday's dive in Credit Suisse and questions over the U.S. Banking system's health.
#ECB #News #Business #Markets

3 days ago

Share Market HIGHLIGHTS: Nifty50 halts 5-day losing streak but ends 14 pts shy of 17,000, Sensex up 79 pts; Credit Suisse shares zoom | Share Market LIVE Today Zee Business

The Indian stock market took nascent positive cues from european equities and Wall Street futures. A bounceback in credit Suisse shares led to optimism of an end to the turmoil in banking shares around the globe.
#Nifty50 #News #Business #Markets

3 days ago

Credit Suisse assets: Credit Suisse owns over Rs 20,000 crore assets in India

Credit Suisse is the 12th largest foreign bank in India. It owns just 0.1% of assets in the Indian banking system. Analysts expect RBI to keep a close watch on counterparty risks.
#CreditSuisse #Indian #India #News #Entertainment #Music

4 days ago

Indian shares open lower after Credit Suisse spooks Asian peers

The Nifty 50 index (.NSEI) was down 0.44% at 16,985.90. The S&P BSE Sensex (.BSESN) fell 0.42% to 57,311.13 as of 9:35 a.m. IST.EIght of the 13 major sectoral indexes logged losses. Metals (.NIFTYMET) index fell over 2% and was the top sectoral loser.
#CreditSuisse #Indian #Asian #News #Business #Markets

4 days ago

Japan's bank stocks sink as Credit Suisse fear roils markets

Investors sent shares in the Swiss national bank crashing by as much as 30%. The bank called the loan a "decisive action to pre-emptively strengthen its liquidity" the index has lost more than 8% so far this week.
#CreditSuisse #Japan #News #Business #Markets

4 days ago

Global market: SGX Nifty, gold price to Credit Suisse share price — key factors that you should know

Dollar index regained 104 levels and sustained above the psychological levels in early morning deals on Thursday. However, this rise in US dollar failed to stop gold price rally and the precious metal came close to its life time high of 58,847 per 10 gm levels on MCX.
#CreditSuisse #News #Business #Markets

4 days ago

Credit Suisse's biggest backer says can't put up more cash; share down by a fifth

The head of credit Suisse Group's largest shareholder, Saudi National Bank (SNB) said on Wednesday it would not buy more shares in the Swiss bank on regulatory grounds. The bank holds a 9.88% stake in Credit Suisse, according to Refinitiv data.
#creditSuisseGroup #Swiss #News #Business #Markets

4 days ago

Investor who anticipated Lehman collapse predicts next US bank failure

The problem is the bond market, and my prediction, I called Lehman Brothers years ago, and I think the next bank to go is Credit Suisse, the rich Dad Company co-founder said. The company has announced its closure to safeguard consumers and the financial system. He also predicted a weakening of the american dollar.
#Lehman #News #Business #Economy

4 days ago

Credit Suisse Share price: Credit Suisse shares hit new all-time low as banks hit by U.S

KKR & Co are among several bulge-bracket global private equity funds weighing bids to buy a controlling stake in the International Gemological Institute. The deal could value the world’s biggest independent diamond-grading firm anywhere between $250 million and $300 million.
#creditSuisse #News #Business #Markets

1 weeks ago

Credit Suisse shares hit new all-time low as banks hit by U.S

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#CreditSuisse #News #Business #Markets

1 weeks ago

Markets in 2023: Cyclical or structural?

The mainstream belief is that central banks will reverse course after a period of consolidation. The concerns are about a cyclical slowdown. Credit Suisse has called it 'a Fundamental Reset'
#CreditSuisse #News #Business #Markets

2 months ago

US Stocks Will Do Well in Coming Months As Recession Risk Wanes: Credit Suisse

Credit Suisse's head of US equity strategy predicts a price target of 4,050 for the S&P 500. The threat of a recession is fading, he said.
#CreditSuisse #S&P500 #News #Entertainment #Tv

2 months ago

US stocks will perform 'pretty well over the next several months' and the risk of a recession is waning, says Credit Suisse's chief US equity strategist

Credit Suisse's Jonathan Golub predicts a price target of 4,050 for the S&P 500. The bank's head of US equity strategy cited a combination of falling inflation expectations and a healthy jobs market as the main reason.
#JonathanGolub #CreditSuisse #S&P500 #News #Entertainment #Tv

2 months ago

IT stocks tumble as Credit Suisse warns of valuation-led correction

The index lost over 3 per cent in intra-day trade with frontline stocks such as HCL Technologies (HCL Tech), Mphasis, Tech Mahindra and slipping between 3 and 7 per cent. The IT stocks slipped in trade on Friday after warned of a 10 – 27 per cent valuation-led correction in these stocks.
#CreditSuisse #News #Business #Markets

3 months ago

Credit Suisse wealth boss De Ferrari targets growth markets, tech boost

Francesco De Ferrari, head of Credit Suisse's wealth management business, is focused on growth markets, high net worth clients and technology. A reorganisation unveiled last month places even more emphasis on managing the fortunes of the rich. Around 60% of wealth business is exposure to growth markets such as the Asia-Pacific region and emerging markets.
#FrancescoDeFerrari #CreditSuisse #Asia #News #Business #Markets

4 months ago

NEWSMAKER-Credit Suisse wealth boss De Ferrari targets growth markets, tech boost

Francesco De Ferrari, head of Credit Suisse's wealth management business, is focused on growth markets, high net worth clients and technology. A reorganisation unveiled last month places even more emphasis on managing the fortunes of the rich and pares back further Credit's capital-intensive investment bank.
#FrancescoDeFerrari #CreditSuisse #News #Business #Markets

4 months ago

Stock Market Live: Will Nykaa see more selloff after one-year lock-in ends?

ECB hikes rates by another 75 basis points on expected lines. Credit Suisse plunges over 18% through the day after bank announced large loss.
#Mar #Nykaa #News #Business #Markets

4 months ago

EUR/USD: Strong US inflation data to open the door for a test of 0.95 – Credit Suisse

US inflation data opens the door for a move to test 0.9500 on the way to our Q4 range low expectation of 0.9200. Soft data risk another move to try parity and our strategic ‘sell zone’ in the 1.0000-1.0200 range.
#CreditSuisse #News #Business #Markets

5 months ago

Credit Suisse shares drop on market jitters

Shares in credit Suisse fell by about 10% in early trading. A spokesman for credit Suisse declined to comment on the report. The weekend calls followed a sharp rise in spreads on the bank's credit default swaps.
#CreditSuisse #News #Business #Markets

5 months ago

Recession imminent? Credit Suisse' defaults swaps near 2009 level: Anil Singhvi explains how it will impact global market

Anil Singhvi said the failure of two big banks will be bad news for the global markets. He said that the US could slip into recession for the first time if there is any failure. The stock price has come down from $29-30 to $3-4.
#AnilSinghvi #CreditSuisse #News #Business #Economy

5 months ago

Credit Suisse CEO Ulrich Koerner seeks to calm markets as default swaps climb

The cost of insuring the firm’s bonds against default climbed about 15% last week to levels not seen since 2009 as the shares touched a new record low. The bank is currently finalizing plans that will likely see sweeping changes to its investment bank and may include cutting thousands of jobs over a number of years.
#UlrichKoerner #CreditSuisse #News #Business #Markets

5 months ago

Inflation 'collapse' will spark big stock market gains: Credit Suisse

Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. This is actually what's being priced into the market broadly, according to the firm's chief U.S. Equity strategist.
#CreditSuisse #News #Business #Markets

6 months ago

European shares steady after plunge, Credit Suisse up

The STOXX 600 index rose 0.5% just moments after the opening bell, on track to recover from a 0.6% loss marked in the previous session. Germany's DAX index climbed 0.7% after slumping more than 2% lower on Monday. Credit Suisse Group rose after the lender agreed to sell its global trust business.
#CreditSuisse #European #STOXX600 #Germany #News #Business #Markets

6 months ago