FINMA investigation found Credit Suisse spied on seven people LeapRate

October 20, 2021 BY Steffy Bogdanova

FINMA investigation found Credit Suisse spied on seven people

FINMA said: The way in which the observation activities were planned and carried out revealed serious shortcomings in the bank’s corporate governance. Observations were not specifically prohibited in Credit Suisse’s policies, but neither were they regulated. Corresponding risk management processes and integration into the internal control system were lacking. In most cases, decisions to carry…

August 13, 2021 BY Steffy Bogdanova

Credit Suisse nominates Axel P. Lehmann and Juan Colombas as board members

Axel Lehmann has worked in the financial services industry for several years. He has worked with UBS Group AG for 12 years and Zurich Insurance Group for almost 20 years. During this time, he has held high-level positions within both companies. For UBS Group AG, he held the positions of Group COO and the President…

May 21, 2021 BY Steffy Bogdanova

Deutsche Bank hires Credit Suisse ECM banker Stephane Gruffat

Credit Suisse recently posted net loss of CHF 252 million in Q1 2021. The numbers reflected a significant charge in relation to the US-based hedge fund matter. The company descended into crisis after the collapse of US investment firm Archegos and suspending funds linked to the fallen British supply chain finance company Greensill Capital, reported…

May 10, 2021 BY Steffy Bogdanova

Former LSE CEO Xavier Rolet to launch $300 million blank cheque company

Xavier Rolet, who left LSE in 2017, stated in his paper that: The UK needs to promptly consider the Spac revolution. Whilst there are significant differences between our markets and those in the US, the appetite for permanent listed capital on the part of ambitious UK and European entrepreneurs and innovators is no less than…

April 23, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: CLS reports an increase in March trading volumes, Lars Gottwik leaves JFD

Robinhood has announced Christine Brown will lead its crypto division as Chief Operating Officer. At her new position, she’ll oversee all of crypto operations and compliance. Brown will also keep her current position of Robinhood Markets’ VP of Product Operations. The Crypto division is part of Robinhood’s efforts to expand access to financial services to…

April 22, 2021 BY Steffy Bogdanova

Credit Suisse posts CHF 252 million net loss in Q1 2021

Thomas Gottstein, Chief Executive Officer of Credit Suisse Group AG, commented: Our results for the first quarter of 2021 have been significantly impacted by a CHF 4.4 billion charge related to a US-based hedge fund. The loss we report this quarter, because of this matter, is unacceptable. Together with the Board of Directors, we have…

March 19, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: eToro confirms $10.4 billion SPAC merger, SIX reports 22% rise in operating income

White label technology provider and consulting firm, Qinox Tech, has just announced that the company upgraded its global currency rates data service through a service agreement with OANDA, an FCA-regulated international broker and data provider. According to the partnership agreement, Qinox Tech will provide currency solutions from OANDA. White-label brokers and other service buyers using Qinox Tech’s…

March 18, 2021 BY Steffy Bogdanova

Ulrich Körner appointed CEO Asset Management at Credit Suisse Group

Thomas Gottstein, Group CEO, said: Ulrich Körner is an excellent addition to our leadership team, reinforcing its values and performance culture. Ueli is a strong leader and strategic thinker with proven ability in business development and profitable growth in asset management, as well as in business transformation. I am very much looking forward to working…

January 22, 2021 BY Steffy Bogdanova

Credit Suisse makes five hires as part of its ESG strategy

The new specialists will join the existing ESG team which oversees the development of Credit Suisse’s ESG investment framework. The framework has been built into an ESG hub, serving as a central source of information for the wider bank. Credit Suisse also intends to consolidate its ESG work into one integrated house view, which carries…

November 09, 2020 BY Steffy Bogdanova

Hong Kong SFC fines Credit Suisse Securities $2.1 million over breaches of electronic trading requirements

The incident was caused by a logic error in the symbol mapping programme used by Credit Suisse generating market making quotes. The SFC determined that Credit Suisse’s internal controls and regular tests in place at the time failed to prevent or promptly detect the errors and these failures constitute breaches of electronic trading requirements. In…

Tag: Credit Suisse