Shares of banks and financial institutions experienced a boost as asset managers posted strong earnings. Wall Street alternative-asset manager, KKR, saw a rally in its third-quarter profits, increasing its assets…
(Credit Suisse) Shares of Credit Suisse fell 6% on Wednesday after saying it was likely to record a loss in its second quarter. Credit Suisse blamed the war in Ukraine…
(Credit Suisse) Banking giant Credit Suisse announced a net loss of $2.007 billion in the fourth quarter of 2021, more than a loss of $353 million in the fourth quarter…
(WSJ) Credit Suisse has ended a long-term lending relationship with SoftBank Group and its CEO Masayoshi Son. The decision for the two institutions to slash lending relationships is due to…
Credit Suisse Group AG lost $4.7 billion from the meltdown of Archegos Capital Management, according to the Wall Street Journal. The bank slashed its dividend and said its investment banking…
Credit Suisse Group AG and Nomura Holdings Inc. plunged more than 14% after being exposed to ‘significant’ losses, according to Bloomberg. The loss projections follow exposure to wrong-way bets by…