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Lines of credit and credit cards are revolving credit sources that differ in several key ways. You can expect more flexible ...
UBS Group AG is set to cancel payment services for clients in Italy as it moves to phase out some of the businesses it took on when it bought rival Credit Suisse last year. Switzerland’s biggest ...
The bank said it would cut thousands of jobs and raise $4 billion in fresh capital as it funds a retreat from Wall Street and attempts to recover from a near-existential crisis.
Credit Suisse stock climbed 5% Tuesday as fears about its financial health calmed, following a firestorm on social media over the weekend that the bank was in trouble. The cost of insuring Credit ...
Credit Suisse, the 167-year-old bank and the second-largest lender in Switzerland, is in deep trouble. The bank said it would borrow up to 50 billion Swiss francs ($53.7 billion) from the Swiss ...
Credit Suisse Services AG struck a deal with U.S. regulators that will see it pay a total of $511 million, including forfeitures, after it pleaded guilty to conspiring to hide billions in offshore ...
In that 2014 plea deal, Credit Suisse admitted to assisting U.S. taxpayers in hiding offshore accounts from the IRS. The lender had to pay $2.6 billion—the largest payment to date in a criminal ...
Credit Suisse chairman Axel Lehmann gave up a $1.6 million award and took a pay cut, as the Swiss bank continues to face troubles after recording its poorest financial performance since 2008.
Credit Suisse was trending for all the wrong reasons this weekend, as social media was in a frenzy debating whether one of the 30 global systemically important banks would collapse altogether. The ...
The Wall Street Transcript is a completely unique resource for investors and business researchers. Over 20,000 CEO, Equity Analyst and Money Manager Interviews ...
Credit Suisse updated investors on its efforts to offload a chunk of its investment bank on Tuesday, even though it didn’t have much to say. Yet one word in an otherwise fuzzy statement ...
The fallen banking giant Credit Suisse, now a part of UBS, admitted to hiding billions of dollars from the I.R.S. By Rob Copeland In “Meltdown,” Duncan Mavin describes the grand rise and ...