Home > Results for Credit Suisse: Profit to be cut by $1 billion
Credit Suisse Writes Down $2.8 Billion
The bank said the write-down cut $1 billion from its profit and that it had suspended traders for errors.
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$1.2 Billion Write-Down at Credit Suisse
So far, Credit Suisse has weathered the credit crisis better than its larger rival, UBS, which wrote down $14 billion in the same period.
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A $1.2 Billion Write-Down at Credit Suisse
Credit Suisse is weathering the credit crisis better than its larger rival, UBS, which wrote down $14 billion in the same period.
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Credit Suisse Says Traders’ Pricing Errors Will Cause $2.85 Billion in Write-Downs
Credit Suisse shook the markets on Tuesday when it announced that pricing errors by traders on asset-backed securities would result in write-downs of $2.85 billion.
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Credit Suisse Earnings Fall 62% but Top Expectations
Credit Suisse posted a smaller-than-expected fall in earnings as it managed more cash for the world’s wealthy and its investment banking unit returned to profit.
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Qatar Buying Credit Suisse Shares on Open Market
Qatar is buying shares in Credit Suisse and plans to spend as much as $15 billion on European and American bank stocks over the next year.
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Credit Suisse's CDO headache
Credit Suisse's stunning announcement that it is taking a $2.85 billion charge because it failed to properly value some bonds is a major black eye for a firm that has not been shy in touting its success in avoiding the pitfalls that have befallen its competitors.
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Write-Downs Give Credit Suisse $2.1 Billion Loss
The first-quarter loss was nearly three times worse than analysts had expected as the Swiss banking giant wrote down $5.3 billion in soured investments.
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Credit Suisse Reports $2.1 Billion Loss
The bank’s first-quarter loss was nearly three times worse than analysts had expected as it wrote down $5.3 billion in soured investments, but its shares rose in Zurich trading.
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Credit Suisse Pursuing a Partnership in the Chinese Market
Credit Suisse announced Thursday that it was seeking to form a joint venture with a Chinese brokerage firm, Founder Securities.
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Outdated Prices Blamed in Credit Suisse Error
Two managers in Credit Suisse’s investment banking division said Thursday that several traders probably used out-of-date prices to value asset-backed securities.
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Credit Suisse Predicts First Loss Since 2003
Credit Suisse said on Thursday that it was likely to post its first quarterly loss since 2003 because of large write-downs and “intentional misconduct” at its trading desk.
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Credit Suisse Gets A Go For Chinese Venture (AHN)
(AHN) - China's securities regulator has approved the investment banking venture of Credit Suisse to participate in China's lucrative domestic stock underwriting market. - Sun, 15 Jun 2008 10:16:41 GMT (AHN)
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Callan Exits Lehman for Credit Suisse
Erin Callan, whose rise and fall at Lehman Brothers transfixed Wall Street, has resigned to join Credit Suisse.
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Callan Exits Lehman for Credit Suisse
Erin Callan, whose rise and fall at Lehman Brothers transfixed Wall Street, has resigned to join Credit Suisse.
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Demoted Lehman Officer Leaves for Credit Suisse
Erin Callan, whose rise and fall at Lehman Brothers transfixed Wall Street, has resigned to join Credit Suisse.
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Britain Fines Credit Suisse for Pricing Errors
Credit Suisse was fined $11.2 million for pricing errors in some asset-backed securities, an indication of tighter oversight of the investment banking sector.
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Britain Fines Credit Suisse for Securities Pricing Errors
Credit Suisse was fined $10.7 million because of pricing errors in some asset-backed securities, an indication of tighter oversight of the investment banking sector.
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Credit expenses lead to $2.3 billion loss for Fannie - MarketWatch
Credit expenses lead to $2.3 billion loss for FannieMarketWatch - 2 hours agoBy Robert Schroeder, MarketWatch WASHINGTON (MarketWatch) -- Fannie Mae reported Friday a wider loss than expected for the second quarter and cut its dividend, as the biggest US buyer of home mort
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Credit Suisse Gets Hit
Swiss bank says $2.85 billion in new write-downs will hit its next quarterly results.
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