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Credit Suisse

European Banks Struggle As Profits Slump And Job Cuts Rise

Bank Mortgage Settlements Work For More Relief Fund To Consumers

A total of $12.5 billion in settlements from Deutsche Bank and Credit Suisse may be on the way for borrowers who got mortgages before the housing bust.

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Credit Suisse Group AG Full-Year Results News Conference

Credit Suisse Must Take Drastic Measure After $1 Billion Write Down

The Swiss bank which posted first full-year loss last year must take a drastic measure. It has to make another retreat in investment banking.

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Credit Suisse Group AG Chief Executive Officer Tidjane Thiam Interview

Credit Suisse CEO Will Cut More Jobs As Quarterly Loss is Expected

CEO Tidjane Thiam determine to pursue further restructuring in Credit Suisse. The Swiss bank will cut more 2,000 jobs and cut more of its business.

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U.S. Owners Put City Airport Up For Sale

Group of Canadian and Kuwaiti Investors Bought The London City Airport for £2 Billion, Raise Concerns Over Possible Airport Charges Raise

The London City Airport has now new owners as a group of investors led by Canadian pension plan acquire the facility for £2 billion. Some expressed a concern over the airport’s plan to expand the service, also over the high price that could cause the new owners to increase airport charges.

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U.S. Banks Post Near-Record Profits In Second Quarter Of 2014

JP Morgan Predicted a Fall in Profits for Investment Banks This Year

A research conducted by JP Morgan analysts revealed that global investment banks would suffer a fall in profits this year. The fall could differ between regions, but average earnings are estimated to be down by 20 percent and revenues by 21 percent. Challenging economic environment is believed to negatively affect the global investment markets.

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Credit Suisse Group AG Chief Executive Officer Tidjane Thiam Interview And Full Year Results News Conference

Credit Suisse CEO Suggested Bonus Reduction After Billion Dollar Loss

As Credit Suisse booked its first full-year loss since 2008 on Thursday, CEO Tidjane Thiam asked his bonus to be reduced. The financial group reported a worse than expected net loss in 2015.

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Education Stocks Plunge As Apollo Withdraws Forecast

Advisory Services of Barclays, Credit Suisse and Evercore Fail To Protect Apollo Education From Acquisition

Barclays, Credit Suisse and Evercore have acted as financial advisers to Apollo Education. Despite their advisory efforts, the institution has incurred a loss of $60.8 million during the last concluded fiscal quarter. Finally, Apollo Education has been compelled to go through acquisition for $1.1 billion.

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Punta del Este Formula E - Race

Julius Baer to pay $547.25 million to US authorities

Julius Baer Group said it has attained the last settlement phase with the US Department of Justice. As per the terms of the deal, the Bank agreed to pay $547.25 million to evade prosecution.

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Credit Suisse

Credit Suisse gets nod for Irish branch

Credit Suisse has received regulatory approval for opening its new branch in Ireland. The Swiss bank is setting up a new branch in Dublin as part of its cost reduction exercise. Credit Suisse is restructuring its securities trading and prime brokerage operations. Credit Suisse is in the process of meeting capital requirements and improving shareholder returns.

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Goldman Sachs

Goldman Sachs leaves rivals far behind in M&A race

Goldman Sachs is racing ahead of its rivals in the global investment banking segment by revenues and fees in mergers and acquisitions (M&As) activity. Goldman Sachs' performance in 2015 so far exceeded while its competitors are not even close to it. With a market share of 12.3 percent, Goldman Sachs recorded $2billion revenues till date, while JPMorgan and Morgan Stanley are left with less than nine percent market share in the M&A space. The mergers and acquisitions activity this year so far was a robust period for Goldman Sachs.

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Storage room

NY regulator, 4 banks agree on Symphony messaging

Four major banks -- Bank of New York Mellon, Deutsche Bank, Credit Suisse and Goldman Sachs -- have reached an agreement with New York State's Department of Financial Services (DFS) over record keeping for the Symphony messaging system.

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Paal Kibsgaard

Schlumberger announces merger offer with oilfield maker Cameron

Schlumberger had announced conclusive merger agreement with Cameron in which both companies shall combine in a stock and cash transaction. The agreement was unanimously confirmed by the boards of directors of both companies on Thursday.

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Tianjin warehouse explosion

Tianjin blasts estimated to $1.5 billion in insurance claims

Due to a series of explosions leaving hundreds of people death and others injured, while some are still missing, China is about to start a wave of insurance claims.

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Tidjane Thiam

Hopes high for Thiam turnaround at Credit Suisse

Tidjane Thiam starts work as CEO of Credit Suisse (CSGN.VX) next month with investors optimistic he can bring about a major change of strategy at the bank, even if he has to raise cash to do it.

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Gas station

Oil on verge of weekly decline despite strong China imports

Crude oil prices edged down on Friday, set for their first weekly decline in more than a month as concerns over a global supply glut outweighed strong Chinese crude imports.

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