Credit Suisse
Trading positions
Energy Risk catches up with the latest appointments, promotions and departures in global commodity markets
Battle formations
Major Chinese entities and international banks are steeling themselves for a protracted battle on multiple fronts related to the use of over-the-counter derivatives. The confrontation is killing business and preventing some Chinese entities from hedging…
Nine hires boost Credit Suisse's Asia fixed-income team
Credit Suisse has hired nine directors in sales and trading for its Asia-Pacific fixed-income business.
Banks' own credit risk hampers financial results
Own credit risk - the concept of including the credit risk of an institution in the measurement of the liabilities it issues - had a significant impact on banks' profits in the first half of 2009, as credit default swap (CDS) spreads referencing banks'…
European banks report modest Q2, despite increased provisioning
Top Spanish, German and Swiss banks have reported modest gains in the second quarter, although their profits have been constrained by an increase in non-performing loans and loan loss provisioning.
The KIS of life?
Keydata Investment Services was placed into a speedy administration by the UK's Financial Services Authority on June 8 on the grounds of insolvency. All new business was suspended and a temporary suspension of payments on policies was imposed by the UK…
SNB considers restricting size of Credit Suisse and UBS
The Swiss National Bank (SNB) may impose size limits on Credit Suisse and UBS due to "unique" systemic risks in the Swiss financial system, it revealed on June 18.
New global head of structuring at Deutsche Bank
The former emerging markets head at Credit Suisse, Ram Nayak, has joined Deutsche Bank as global head of structuring.
UBS and Credit Suisse poised for tighter regulation
Daily news headlines
Credit Suisse strengthens Asia-Pacific equity derivatives
Credit Suisse has appointed Min Park and Ken Pang as co-heads of equity derivatives and convertibles for the Asia-Pacific region. Both men will be based in Hong Kong and report to Osama Abbasi, head of Asia-Pacific equities.
Credit Suisse hires investment banking head for Americas
James Walker has joined Credit Suisse as head of investment banking operations for the Americas and head of global over-the-counter operations.
CDSs on US financials narrow
Market sentiment towards US banks improved today, with the cost of credit protection on six of the nation's largest financial institutions falling. The move came on the same day Bank of America (BoA) was reported to have raised $7.3 billion from selling…
CDSs on European banks remain stable
The cost of credit protection on European banks remained largely unchanged this morning, as bank holidays in mainland Europe reduced trading levels.
Trading and technical gains outweigh loan losses in Q1
Strong trading results have offset large loan losses as banks report a mixed bag of first-quarter results.
UBS hires Credit Suisse banker for its executive board
UBS has appointed Credit Suisse's Ulrich Körner as group chief operating officer (COO) and chief executive of its corporate centre.
Market frustrated by lack of detail on US toxic-asset purchase plan
Economists and analysts have criticised the US Treasury's updated toxic-asset purchase plan for again failing to provide the granular detail or specified launch date necessary to reassure capital markets the proposals will indeed help curb the global…
Credit Suisse chairman moves to Swiss Re
Walter Kielholz has resigned as chairman of Credit Suisse, to be replaced by the vice-chairman, Hans-Ulrich Doerig.
Banks agree to EU CCP for clearing CDS
Nine major dealers agreed to use an EU central counterparty (CCP) for clearing trades in credit default swaps (CDSs) today, paving the way for talks to resume with the European Commission.
Credit Suisse hit by Sfr8.2bn loss for 2008
Credit Suisse recorded a fourth-quarter net loss of Sfr6 billion ($5.2 billion), taking its total net loss for 2008 to Sfr8.2 billion.
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