Credit Suisse Group AG
These big bank stocks could rise 30% if economy avoids recession, Credit Suisse says
Big U.S. banks are on track to meet analysts’ third-quarter earnings expectations, thanks to good loan growth and rising interest rates, according to Credit Suisse . With a few weeks remaining in the quarter, analysts led by Susan Roth Katzke examined key data points for the group. Loan balances for the industry are heading for […]
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Wall Street professionals situation warning on stocks. This is what they say to purchase alternatively
It is time to get out of stocks and into other asset lessons, some analysts have urged this 7 days. Traders have fled shares considering that U.S. Federal Reserve Chairman Powell’s Jackson Hole speech previous 7 days wiped out some gains from their summer time rally. His speech produced apparent that price hikes are set […]
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Credit Suisse hit with stock and credit downgrades after earnings plunge
Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse shares slipped on Wednesday after Goldman Sachs downgraded the stock to “sell” following credit rating downgrades from Moody’s and S&P. The embattled Swiss lender’s shares were down slightly by […]
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Credit Suisse chairman denies plans to sell or raise capital after mammoth loss
Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse Chairman Axel Lehmann denied any intention to sell or merge the embattled Swiss lender after it reported a massive second-quarter loss. The bank posted a net loss of 1.593 […]
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Credit Suisse CEO to step down from embattled investment bank, WSJ says
Credit Suisse Chief Executive Thomas Gottstein addresses the Finanz und Wirtschaft Forum conference in Zurich, Switzerland, September 2, 2020. Arnd Wiegmann | Reuters Credit Suisse CEO Thomas Gottstein is about to step down from the embattled investment bank, the Wall Street Journal reported on Tuesday. The Zurich-based bank will soon announce the departure of Gottstein […]
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The world is growing old at a rapid pace. Here are ways to invest for a gray future
When the coronavirus pandemic first struck in early 2020, some speculated that lockdowns would lead to a boom in American births as couples were forced to stay home. The opposite happened instead: U.S. population growth decelerated in 2020 and even further last year, to the slowest pace in the 246-year history of the nation, according […]
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Family offices have become a $6 trillion powerhouse in investing—and deal-making
The post-pandemic wealth boom has sparked an explosion in family offices, creating a new gold rush among Wall Street firms, private equity funds and investment advisors to manage the fortunes of the world’s richest families. Family offices now manage more than $6 trillion in wealth, according to some estimates, surpassing the estimated $4 trillion managed […]
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Buffett keeps buying more Occidental. Here’s the buy the dip case for energy stocks
Energy stocks have come under withering pressure in June amid a broader market rout and mounting recession fears, and Berkshire Hathaway’s Warren Buffett is among those buying the dip. The conglomerate bought an additional $44 million in Occidental stock on June 23, according to a filing with the Securities and Exchange Commission. The purchase brings […]
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Credit Suisse vows to overhaul its risk management after a litany of scandals
A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse has vowed to forge ahead with its risk management and compliance overhaul in light of a string of scandals, despite what its CEO called […]
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Credit Suisse found guilty in money-laundering case
A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse and a former employee have been found guilty by Switzerland’s Federal Criminal Court of failing to prevent money-laundering in the country’s first criminal […]
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