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Credit Suisse said the debt buyback would allow it to take advantage of market conditions to repurchase debt at attractive prices

Credit Suisse announces $3 billion debt buyback

Credit Suisse will buy back up to 3 billion Swiss francs ($3 billion) of debt, the embattled Swiss bank said today, making a show of strength as it seeks to reassure investors after a tumultuous week.

Business • 07 Oct 22

Credit Suisse has solid capital and liquidity, CEO Ulrich Koerner told staff last week

Credit Suisse shares slip despite moves to soothe woes

Credit Suisse shares slid by as much as 10% today, reflecting market concerns ahead of a restructuring plan due to come with third-quarter results at the end of October.

Business • 03 Oct 22

Credit Suisse is Switzerland's second-biggest bank

Credit Suisse mulls splitting investment bank in 3 - FT

Credit Suisse Group has drawn up plans to split its investment bank in three, the Financial Times reported today, as the Swiss lender attempts to emerge from three years of relentless scandals.

Business • 22 Sep 22

Credit Suisse Group said it has sold its global trust business

Credit Suisse sells its global trust business

Credit Suisse Group is selling its global trust business, an offshore arm for wealthy clients, as it embarks on an overhaul of its business following a series of scandals.

Business • 06 Sep 22

Credit Suisse has dubbed 2022 a 'transition' year for the bank

Credit Suisse looking at cutting 5,000 jobs - source

Credit Suisse is considering cutting around 5,000 jobs, about one position in 10, as part of a cost reduction drive at Switzerland's second-biggest bank, a source with direct knowledge of the matter told Reuters.

Business • 02 Sep 22

Wayflyer Co-founders Jack Pierse and Aidan Corbett

Wayflyer raises $253m in debt finance

Irish financing firm Wayflyer has secured $253m in debt finance from Credit Suisse to help it to continue its expansion.

Business • 01 Sep 22

Bank of Ireland CEO Francesca McDonagh is leaving for a new job at Credit Suisse

Credit Suisse promotes Francesca McDonagh to COO

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.

Business • 23 Aug 22

The ruling marks another headache for Switzerland's second-biggest ban

Credit Suisse found guilty in cash laundering case

Credit Suisse has been convicted by Switzerland's Federal Criminal Court of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country's first criminal trial of one of its major banks.

Business • 28 Jun 22

US-listed shares in Credit Suisse were last trading down 3.7%

State Street denies interest in buying Credit Suisse

State Street said today it is not looking to buy Credit Suisse, in its first outright dismissal of a Wednesday morning report that it was seeking a deal.

Business • 10 Jun 22

State Street said overnight it was focused on the pending acquisition of Brown Brothers Harriman's Investors Services business

Credit Suisse shares slip on US takeover skepticism

Credit Suisse shares fell today on growing skepticism about a takeover offer from US financial giant State Street after a media report a day earlier boosted the heavily-shorted stock from a near 20-year low.

Business • 09 Jun 22

It did not give an estimate of the second-quarter loss.

Credit Suisse says loss likely for second quarter

Credit Suisse is likely to experience a group-wide loss in the second quarter, the bank said today, a further blow to the embattled lender.

Business • 08 Jun 22

Today's first-quarter loss, on the back of fresh legal charges and a near halving of net revenues, heaps further pressure on Switzerland's second-biggest bank

Credit Suisse posts another quarterly loss

Credit Suisse has today posted a 273 million Swiss franc ($283.6m) first-quarter loss, prolonging the embattled lender's financial troubles after a slew of scandals.

Business • 27 Apr 22

Francesca McDonagh is moving from Bank of Ireland to Credit Suisse

Bank of Ireland CEO moving to Credit Suisse role

Outgoing Bank of Ireland chief executive Francesca McDonagh is to take up a new job at Swiss bank Credit Suisse.

Business • 27 Apr 22

Credit Suisse is still reeling from billions in losses racked up in 2021

Credit Suisse expects Q1 loss as legal costs mount

Credit Suisse Group expects to report a first-quarter loss after increasing legal provisions, seeing business activity slow and taking a hit from the fallout of Russia's invasion of Ukraine, the Swiss bank said today.

Business • 20 Apr 22

The allegations included that Credit Suisse had human rights abusers and businessmen under sanctions among its clients

Credit Suisse denies wrongdoing after client data leak

Switzerland's financial watchdog said it was in contact with Credit Suisse after media outlets published results of coordinated, Panama Papers-style investigations into a leak of data on thousands of accounts held at the bank in past decades.

Business • 21 Feb 22

Credit Suisse is the second biggest bank in Switzerland

Credit Suisse faces money laundering charges in trial

Credit Suisse will face charges in a Swiss court today of allowing an alleged Bulgarian cocaine trafficking gang to launder millions of euros, some of it stuffed into suitcases.

Business • 07 Feb 22

The Swiss bank said that business in its trading and wealth management divisions had slowed

Credit Suisse's problems mount amid Q4 profit warning

Credit Suisse warned today that it was likely to make a net loss in the fourth quarter as the scandal-hit lender flagged fresh legal costs and said business in its trading and wealth management divisions had slowed.

Business • 25 Jan 22

Credit Suisse Chairman Antonio Horta-Osorio leaves the bank after two breaches of Covid rules

Credit Suisse chairman resigns over Covid-19 breaches

Credit Suisse Chairman Antonio Horta-Osorio has quit following an internal probe into his personal conduct, including breaches of Covid-19 rules, raising questions over the embattled lender's new strategy as it tries to recover from a string of scandals.

Business • 17 Jan 22

Antonio Horta-Osorio joined the Swiss bank in April to clean up its culture following a string of scandals

Credit Suisse finds breaches of Covid rules by chairman

A preliminary investigation by Credit Suisse found that its Chairman Antonio Horta-Osorio attended the Wimbledon tennis finals in July during a visit to Britain when the country's Covid-19 rules required him to be in quarantine, two sources familiar with the matter told Reuters.

Business • 30 Dec 21

Credit Suisse plans to plough an additional $3.3 billion into its private bank for the wealthy, which will be centralised into one global business

Credit Suisse pares back investment banking

Credit Suisse will pare back its investment bank and focus on building its wealthy client base, the Swiss bank said today, as it regroups following a string of scandals.

Business • 04 Nov 21

Credit Suisse said it plans to grant additional days off to longstanding staff

Credit Suisse extends time-off benefits for staff

Credit Suisse will extend time off for childcare and holidays and will let senior managers take sabbaticals under new rules for Swiss staff to take effect next year, Switzerland's second-biggest bank said today.

Business • 27 Sep 21

Credit Suisse reaches out-of-court settlement with former star banker Iqbal Khan over allegations of spying

Credit Suisse settles spying case with former banker

Credit Suisse has reached an out-of-court settlement with former star banker Iqbal Khan over allegations of spying that led to the resignation of the chief executive Tidjane Thiam, a spokesperson for the Swiss bank said.

Business • 26 Jul 21

Credit Suisse executives fear the flagship Swiss lender, left vulnerable by scandals, could be challenged by investors demanding its break-up

Credit Suisse seeks new look or even merger - sources

Credit Suisse's top management are under pressure to come up with an overhaul plan for the scandal-hit Swiss bank that could include a potential merger with rival UBS, three people familiar with its thinking told Reuters.

Business • 25 Jun 21

Credit Suisse's heavy losses from the collapse of family office Archegos and the decimation of billions of client investments backed by insolvent UK financier Greensill have angered regulators

Credit Suisse scandals may see Switzerland take action

Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers have been largely untouchable.

Business • 28 May 21

Credit Suisse takes €3.9bn charge due to hedge fund

Credit Suisse has said it will take a 4.4 billion Swiss franc (€3.9 billion/$4.7 billion) hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank and risk division.

Business • 06 Apr 21