Page 2 - Swiss Bank

Swiss central bank throws lifeline to Credit Suisse after shares pummelled

Swiss regulator FINMA and the nation's central bank sought to ease investor fears around Credit Suisse, saying it "meets the capital and liquidity requirements imposed on systemically important banks"

Credit Suisse explodes into full-blown crisis as stocks, bonds crater

The stock fell as much as 31%, hitting record lows, and prices on its benchmark bonds sank to levels that indicate the Swiss lender is in deep financial stress

HCLTech signs multi-year contract with Swiss MRO firm SR Technics

HCLTech's role is to digitally transform the Swiss company's business, will implement a new greenfield SAP S/4HANA environment hosted on Microsoft Azure using RISE with SAP

Investors shed $7 billion off Credit Suisse Saudi backer over stake deal

Investors have wiped about $7 billion off Saudi National Bank's market value amid growing concern over the lender's plans to purchase a stake in Credit Suisse Group AG

Credit Suisse hires 20 banks for $4 bn capital increase to restructure

Credit Suisse Group AG hired about 20 banks to help with a $4 billion capital increase that will help fund the extensive restructuring unveiled last week

How big a threat is Credit Suisse to India and the world?

The fall in the stock of Credit Suisse signals that there is something seriously wrong with the bank. Just like Lehman Brothers in 2008, the financial cost of its collapse would be huge. Here's more

HSBC Holdings hires Credit Suisse's Chua for top M&A business in Asia

Credit Suisse Group AG's Christopher Chua is leaving the bank to help oversee the Asia mergers and acquisitions business at HSBC Holdings Plc

Indians' funds in Swiss banks rise to 14-yr high on surge in instl holdings

The rise in aggregate funds of Indian clients with Swiss banks marks the second consecutive year of increase

Credit Suisse likely to shake up its senior management team: Report

The bank said last week it expected to report a first-quarter loss after increasing legal provisions, seeing business activity slow and taking a hit from the fallout of Russia's invasion

'Billions of dollars stashed by Pak Generals, officials in Swiss bank'

A leak of data from a leading Swiss bank has revealed information about 600 accounts linked to 1400 Pakistani citizens, media reports said on Sunday.Account-holders include several key politicians and generals, including the ex-ISI chief, General Akhtar Abdur Rahman Khan, according to data leaked from Credit Suisse, an investment banking firm registered in Switzerland.A report published in The New York Times said Khan helped funnel billions of dollars in cash and other aid from the United States and other countries to the mujahedeen in Afghanistan to support their fight against the Soviet Union.The Saudi Arabian and US funding for mujahideen fighters battling Russia's presence in Afghanistan went to the American Central Intelligence Agency's (CIA) Swiss bank account, the Dawn newspaper reported, citing an Organized Crime and Corruption Reporting Project (OCCRP) report."The end recipient in the process was Pakistan's Inter-Services Intelligence group (ISI), [at the time] led by ...

Swiss gold exports to India surged to five-month high in August

Swiss exports of gold to India jumped to a five-month high in August while shipments to China fell, Swiss customs data showed on Tuesday.

Under watchdog scrutiny, Credit Suisse caps assets and leverage

Credit Suisse will keep limits on its risk-weighted assets (RWA) and leverage while it remains under regulatory scrutiny over risk-management failures that cost it billions, says Swiss bank

Nomura, Credit Suisse warn of big losses after Archegos share dump

The Swiss bank said that a fund had "defaulted on margin calls" to it and other banks, meaning they were now in the process of exiting these positions

Swiss banking major UBS appoints Uday Odedra as new country head for India

Swiss banking major UBS on Monday announced the elevation of Uday Odedra as the country head of its India operations, which employ over 6,700 people. It has created a new post of chairman for India and made Harald Egger, who holds the post at present, as the chairman, as per an official statement. Odedra has been with the bank for two decades and was based in London before joining the founding team of the India operations in 2015, it said. It can be noted that a lot of banks and financial institutions of the world have their in-house global delivery centres in the country delivering work and handling processes here. UBS-Business Solution Centers employs over 6,700 people in Pune, Mumbai and Hyderabad, and provides services toUBSbusinesses globally, the bank's statement said. The UBS statement said Odedra played a central role in developingits digital and technology presence in India and he was also named head of technology for the Asia Pacific region in 2017. Egger will relocate

The fund managers, the sleuths and the mystery of the missing ESG

Accompanied by a cameraman, Beslik spent 10 days meeting villagers and taking samples from streams close to the plants supplying companies that his then-firm had invested in

Money in Swiss banks: India slips one place to 74th, UK retains top rank

Among the top-ranked jurisdictions, the UK is followed by the US, West Indies, France and Hong Kong in the top five

Here's why Swiss banks are no more a safehouse for Indian tax evaders

Herve Falciani, a French citizen who worked for HSBC's Swiss private bank, in 2008 disclosed details on thousands of clients he suspected were using accounts to evade tax

From Vajpayee to Modi: Who has been the biggest Swiss money buster?

Indians' money in Swiss banks have been declining over the years with a few remarkable exceptions

Indian money in Swiss banks down 80% since 2014, says FM Piyush Goyal

The finance minister cited Swiss ambassador's letter, which also said the Indian money in Swiss banks have decreased by 80 per cent since 2014.

India money in Swiss banks fell 80% since 2014, says Piyush Goyal

According to Swiss authorities, more reliable data source for deposits held in Switzerland is the Locational Banking Statistics (LBS) of Bank of International Settlements, says Goyal