Credit Suisse surprises with ‘better than expected’ Q1
Credit Suisse has reported its adjusted pre-tax profits were up 36% at CHF1.2bn (£878.5m, $1.23bn, €1bn) for the first quarter, thanks to wealth management division inflows.
Credit Suisse
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Credit Suisse investigated by US watchdog
Swiss banking giant Credit Suisse is being investigated for its hiring practices in the Asia Pacific region.
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Credit Suisse wealth manager jailed in Switzerland
A former Credit Suisse wealth manager has been handed a five-year jail term for a fraud worth tens of millions of Swiss francs.
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Credit Suisse fined in Hong Kong
Hong Kong’s regulator has fined and reprimanded Swiss wealth manager Credit Suisse for internal control failures and selling unsuitable products.
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‘Fear’ drove Swiss banker’s 6-year fraud
Fear led a 54-year-old Swiss banker to shuffle wealthy clients’ funds around in order to disguise losses, a Geneva court has heard.
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PEOPLE MOVES: St James’s Place, Jupiter and Credit Suisse
St James’s Place has made two senior hires from The Fry Group in Singapore, Jupiter Asset Management has parted ways with its head of UK retail and Credit Suisse has boosted its Asia investment team.
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Global life premiums growth led by Asia acceleration
Global life premiums growth in 2018 and 2019 will continue to be carried by the strong performance of emerging markets, in particular China, as advanced markets continue to experience sluggish growth, according to a report by Credit Suisse.
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Global wealth surges in 2017 – Credit Suisse
Total global wealth has now reached $280trn (£213.4trn €238.2trn) and is 27% higher than a decade ago at the onset of the financial crisis according to the latest edition of the Global Wealth Report by the Credit Suisse Research Institute (CSRI).
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Ex-Credit Suisse banker guilty in US offshore tax case
A former Credit Suisse banker who helped wealthy Americans dodge millions of dollars in income taxes for nearly a decade has pleaded guilty.
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Italian tax police demand details of 10,000 Swiss accounts
Italy’s tax police have asked Switzerland’s Federal Tax Administration for information regarding €6.7bn (£5.9bn, $7.7bn) that has been deposited in the country by Italian citizens.
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Credit Suisse in Saudi Arabia private banking push
Credit Suisse has identified Saudi Arabia as a priority for its wealth management business and is on the hunt to recruit more private bankers.
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Luxembourg regulator fines Rothschild over 1MDB failings
Swiss private bank Edmond de Rothschild has been fined nearly €9m (£7.9m, $10m) by Luxembourg’s financial regulator for its handling of funds reportedly linked to beleaguered sovereign wealth fund 1Malaysia Development Berhad.