Credit Suisse hit with stock and credit downgrades after earnings plunge

Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse shares slipped on Wednesday after Goldman Sachs downgraded the stock to “sell” following credit rating downgrades from Moody’s and S&P. The embattled Swiss lender’s shares were down slightly by … Read more

Credit Suisse chairman denies plans to sell or raise capital after mammoth loss

Speculation has emerged in recent months that Credit Suisse may be considering a capital raise. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse Chairman Axel Lehmann denied any intention to sell or merge the embattled Swiss lender after it reported a massive second-quarter loss. The bank posted a net loss of 1,593 … Read more

Credit Suisse names Ulrich Koerner as CEO, launches strategic review as losses deepen

The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse on Wednesday announced that CEO Thomas Gottstein would step down as the bank reported a massive second-quarter loss, as poor investment bank performance and mounting litigation provisions hammered earnings. The embattled … Read more

European markets head for mixed open ahead of Fed decision

LONDON — European markets are set to open in mixed territory on Wednesday as investors look ahead to the latest monetary policy decision from the US Federal Reserve. Britain’s FTSE is expected to open 16 points at 7,322, the German DAX is seen 47 points higher at 13,144, France’s CAC is expected to open 9 … Read more

Big week for earnings, monetary policy

LONDON — European markets are set to pull back on Monday as investors brace for a big week of corporate earnings and a key monetary policy decision from the US Federal Reserve. Britain’s FTSE 100 is seen around 29 points lower at 7,247, Germany’s DAX is expected to shed around 83 points to 13,171 and … Read more

The world is growing old at a rapid pace. Here are ways to invest

When the coronavirus pandemic first struck in early 2020, some speculated that lockdowns would lead to a boom in American births as couples were forced to stay home. The opposite happened instead: US population growth decelerated in 2020 and even further last year, to the slowest pace in the 246-year history of the nation, according … Read more

Analysts on investing in Netflix and other streaming, media stocks

Netflix surprised markets on Tuesday with news less bad than what investors had feared. The streaming giant said it lost nearly 1 million subscribers in the second quarter – far short of the 2 million it previously warned it could incur. Netflix as well as other streaming stocks have plummeted this year – in line … Read more

Family offices are a $6 trillion colossus in investing and deal-making

The post-pandemic wealth boom has sparked an explosion in family offices, creating a new gold rush among Wall Street firms, private equity funds and investment advisors to manage the fortunes of the world’s richest families. Family offices now manage more than $ 6 trillion in wealth, according to some estimates, surpassing the estimated $ 4 … Read more

Asia-Pacific markets are mixed as investors search for direction

SINGAPORE – Australian stocks rose more than 1% while Hong Kong and South Korean markets were lower on Monday ahead of Australia and Malaysia central bank decisions this week. The S & P / ASX 200 advanced 1.26%, with banking and retail stocks in the green. Japan and mainland China markets were also higher. The … Read more

Credit Suisse to overhaul its risk management after Archegos and other scandals

A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse has vowed to forge ahead with its risk management and compliance overhaul in light of a string of scandals, despite what its CEO called … Read more