US stock market indices rose 2-3% on Monday and Europe followed suit on Tuesday. By four o’clock, the German Dax had gained 2.7%, while the rise in the French Cac and the British FTSE was 3.4 and 2.1% respectively. Long bonds and precious metals also received a solid boost. The development reflects the hope that … Read more
Jakarta, CNBC Indonesia – Investment banking firm Credit Suisse Group AG was convicted by the Swiss Federal Criminal Court for failing to prevent money laundering by a Bulgarian cocaine smuggling gang Monday (27/6/2022). A former bank employee was found guilty of money laundering in the trial, which also included testimony about murder. Federal prosecutor Alice … Read more
José Antonio Álvarez will finally have a substitute as CEO of Santander. It will be the Mexican Héctor Grisi Checa (Mexico City, 1966), whose appointment was announced on Friday, while the bank is bidding, precisely, to buy Banamex, the Citi subsidiary in the North American country. He has a professional career in the financial field … Read more
From the nursing profession to the retail trade to the big bank: According to the “Jobradar”, around a quarter of a million jobs are vacant in Switzerland. In Zurich there are 56,000. A lot of staff is needed, especially in the care sector. (icon image) – Keystone Ad the essentials in brief According to new … Read more
Gerhard Schroeder and Matthias Warnig The Chancellor a. D. and the Nord Stream 2 boss hire themselves out to Russian companies. – (Foto: imago images/ZUMA Wire) – – – – Paris, Dusseldorf, Hamburg, Berlin The German with the most supervisory board mandates in Russia is not ex-Chancellor Gerhard Schröder: This dubious honor is shared by Nord … Read more
Swiss credit (CSGN 9.26 -0.15%) cuts sixty-nine jobs in New York City. This emerges from documents that the big bank has submitted to the labor department of the state of New York. The Bloomberg news agency reported about it first. The job cuts at the big bank, which is due to take place on March … Read more
Jakarta – Recently an investment company, Credit Suisse revealed that during the COVID-19 pandemic, the number of the rich in various countries experienced a sharp increase. Indonesia is also one of the countries that experienced an increase in the number of millionaires last year despite the pandemic conditions. According to Credit Suisse, the number of … Read more
The results of this year’s stress tests will be published on Thursday after the stock market closes in New York. Those who exist may distribute capital to the shareholders without restrictions. Analysts don’t expect any big surprises. Barclays analyst Jason Goldberg believes that many US banks will be overcapitalized and, after passing the stress tests, … Read more
US Governor Jim Justice is liable for $ 700 million in loans from the insolvent bank Greensill. “It’s tough, it’s really tough,” he says. West Virginia Governor Jim Justice speaks January 2020. – keystone Ad the essentials in brief Loans of $ 700 million went to Jim Justice’s coal companies. The amounts were withdrawn from … Read more
– Credit Suisse-Logo in Zürich Could the Greensill debacle have been prevented? Specialists at the major Swiss bank had blacklisted the controversial steel magnate Sanjeev Gupta back in 2016. – (Photo: Reuters) – – – – Zürich The Greensill Debacle of the Swiss credit could possibly have been prevented had the responsible managers listened to … Read more