Credit Suisse Group AG

UniCredit CEO says Europe may defy the odds and avoid a recessionRecent data points suggest the euro zone may defy the odds and avoid a recession, according to Andrea Orcel, CEO of Italian bank UniCredit."Our view was a mild recession…

My top 10 things to watch Friday, Dec. 16, 2022 1. Federal Reserve-driven selling continues in stocks but the long bond does nothing. These moves say earnings must go lower. But the question is: which ones? Since the Fed outlined a more…

The chairman of one of Credit Suisse's newest and biggest shareholders called on the beleaguered bank to deliver a swift overhaul and return to a "very stable, conservative Swiss banking posture."Saudi National Bank, the kingdom's…

Credit Suisse shares plunged more than 14% on Thursday after the Swiss bank posted a quarterly loss that was significantly worse than analyst estimates, and announced a massive strategic overhaul.The embattled lender posted a…

Worries are mounting over Credit Suisse's financial health — but that doesn't mean markets are headed toward a "Lehman moment," said the president of Sri-Kumar Global Strategies."I think the Federal Reserve is going to have to face the…

A Swiss flag flies over a sign of Credit Suisse in Bern, SwitzerlandFABRICE COFFRINI | AFP | Getty ImagesShares of Credit Suisse plunged nearly 10% in Europe's morning session, after the Financial Times reported the Swiss bank's…

London Stock ExchangeToby Melville | ReutersThe pan-European Stoxx 600 was down 0.8% by early afternoon, with autos falling 3% to lead losses as most sectors and major bourses traded in negative territory. Oil and gas shares bucked the…

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 ImagesCredit Suisse said on Wednesday that it is likely to post a loss for the…

Wired senior staff writer Cade Metz and Arvind Krishna, IBM CEO and then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016.Brian Ach | Wired | Getty ImagesIBM…

Wall Street has been beefing up hiring for digital asset teams. But some employees are walking away from name-brand institutions in search of more risk, and potentially, more reward.JPMorgan Chase, Morgan Stanley and Goldman Sachs are…