Credit Suisse

Credit Suisse has cut eight jobs in its Southeast Asia investment banking and capital markets team, two sources familiar with the matter said, just weeks after the Swiss bank announced a major global restructuring plan.

New Credit Suisse chief executive Ulrich Koerner, faced with trying to turn around the beleaguered bank following multiple scandals, is set to unveil his strategic road map on Thursday.

Credit Suisse has agreed to pay 238 million euros ($234 million) to avoid prosecution on French money laundering and tax fraud charges, according to a settlement approved Monday by a Paris court.

Credit Suisse said on Thursday it had struck a deal to buy out its local partner in a Chinese securities joint venture, reaffirming its commitment to the world's second-biggest economy amid doubts about the scandal-hit Swiss bank's plans.

Credit Suisse has hired Deutsche Bank's Dixit Joshi as chief financial officer and promoted Francesca McDonagh to chief operating officer as the Swiss lender's new boss overhauls the top ranks.

A dearth of IPOs, a plunge in stock prices and slowing global economic growth are clouding the outlook for revenue at global investment banks after pandemic spending by governments and central banks fueled a blockbuster 2021.

Credit Suisse's top domestic rival UBS announced earlier this week that its exposure to Russia totalled $200 million

The distribution of AI-enabled research is seen across three classes of adopters: advanced trading, competitive data scientists and master data scientists.

Anecdotal evidence given to IBTimes UK in Zurich suggests the country's banks are actually looking to hire more employees in London.

Loomis security guards Mohammad Siddique, 32, and Ranjeev Singh, 40, claimed they had been robbed after picking up the money for Credit Suisse at Heathrow Terminal 4.

Standard Chartered's Peter Gaw says industry should get real and accept an era of low prices.

IBTimes UK speaks to Todd McDonald of R3, Clive Ansell of ISDA, Lee Braine of Barclays, Emmanuel Aidoo of Credit Suisse, and Daniel Franks of Norton Rose Fulbright.

The job cuts are part of restructuring drive that got underway at the bank in 2015.

Chief of the Board of Directors says the share would 'result in significant value creation for shareholders'.

Senior executives from both companies said that they would move certain businesses to other countries in Europe.

German and Swiss lenders agree to settlement with US authorities - but Barclays insist it will defend the case.

The number of people in the UK who have $1m or more has reduced by around 15%.

The smart contracts for equity swaps project also featured Thomson Reuters, IHS Markit and Capco.

Symbiont and financial services technology and data partner Ipreo created Synaps Loans LLC.

Swiss lender warns it will cut its year-end targets on FTSE 100, Euro Stoxx 50 and S&P 500 if UK leaves EU.

Citi expects 'Remain' to win 60% of votes but warns of political instability in case of smaller margin.

Analysts say economy has reverted to old growth format of being credit-driven and investment-intensive.

Banks are named in the Panama Papers but claim they have never sought to help customers avoid paying taxes.

Swiss lender is to cut an extra 2,000 jobs and £578.5m by 2018 in its Global Markets business

Market volatility and increased stress in the banking sector are worrying signs of deterioration in Europe.

Her decision is likely to hamper the investigation into state fund 1MDB say analysts

Barclays, HSBC and Deutsche Bank also recently announced job redundancy plans.

Stoxx Europe 600 Banks Index has fallen for six consecutive weeks for the first time since May 2008.

The bank completed CHF1.2bn (£817.7m) in cost savings,a third of the CHF3.5bn spending cuts promised by 2018.

Barclays will pay a fine of $70m split equally to the US SEC and the New York attorney general.