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HISTORICAL FACTS: 2 - The Untold Story

Credit Suisse Group: Down More Than 27% Year-to-Date, is Now a Good Time to Buy?

Financial service provider Credit Suisse Group (CS) has posted a sequential improvement in its bottom line, but it has declined compared to its year-ago value. Also, a recently filed lawsuits alleging that the bank misled investors over business dealings with Russian oligarchs could make investors anxious. The stock is down…

StockNews.com · May 4, 2022

Swiss bank secrecy law has ‘chilling effect'

A controversial feature of Switzerland’s vaunted banking-secrecy rules has come under attack from a United Nations human-rights expert who’s urged the Swiss government to immediately review its statutes.

Bangkok Post · May 3, 2022

Credit Suisse Expects Loss In Q1 As Litigation Provisions, Russia-Ukraine Crisis Weigh

Credit Suisse Group AG (NYSE:CS) said it is expecting a loss for the first quarter of fiscal 2022. The company listed an increase in legal provisions and slow business activity due to Russia's invasion of Ukraine as the reasons for seeing a loss in the quarter. The Swiss bank estimated total litigation provisions…

Benzinga · Apr 20, 2022

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More Non-US Companies Restricted Services In Russia After US Counterparts

Rio Tinto PLC (NYSE:RIO) became the first leading miner to suspend trading relations with Russian businesses, Reuters reports. Japan's Sony Group (NYSE:SONY) and Nintendo Co Ltd (OTC:NTDOF) (NTDOY) also halted deliveries of their gaming consoles. Credit Suisse Group AG (NYSE:CS) flagged a ~$900 million Russian credit exposure. Hitachi Construction Machinery Co Ltd (OTC:HTCMF) (OTC:HTCMY) looks to stop exports…

Benzinga · Mar 10, 2022

Credit Suisse had clients tied to corruption, reports say

Credit Suisse Group AG managed accounts for clients involved in human rights abuses, corruption and drug trafficking, according to newspaper reports based on leaked data on more than 18,000 accounts that together held more than $100 billion.

Tribune News Service · Feb 21, 2022

Nageswaran frontrunner to be next chief economic adviser

NEW DELHI: Venkatraman Anantha Nageswaran, an academic and former executive with Credit Suisse Group AG and Julius Baer Group, has emerged as the front-runner to be chief economic adviser (CEA) for finance minister, according to people with knowledge of the situation.

The Times of India · Jan 27, 2022

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