Offstream
news

UBS Group AG, supported by the Swiss government, reaches a deal to merge with Credit Suisse as the latter faces imminent insolvency.
2023-03-19

In response to yesterday's leak of client data from Credit Suisse, Switzerland's second largest bank, the EU's European Commission is asked to "re-evaluate Switzerland as a high-risk money-laundering country" by the European People's Party, which is the group with the largest number of seats in the European Parliament.
2022-02-21

Leaked data from Credit Suisse exposes the identities of over 30,000 of the bank's clients whose anonymous numbered Swiss bank accounts, which collectively held over $100 billion, had allowed them to keep their identities secret. Its clients included heads of state (such as king Abdullah II of Jordan), human rights abusers, drug traffickers, intelligence officials, and individuals under sanctions or involved in financial crimes such as tax evasion or corruption, among others. The secret data from Switzerland's second largest bank was leaked about 1 year ago to the German newspaper "Süddeutsche Zeitung" and was analyzed by the non-profit Organized Crime and Corruption Reporting Project (OCCRP) and 46 other news organizations, including "The New York Times", "Le Monde" and "The Guardian".
2022-02-20

The China Securities Regulatory Commission has approved a transaction in which Switzerland's Credit Suisse will take a majority interest in a China securities firm. Credit Suisse will thus be the first foreign bank to own a majority of such a company since the easing of rules about foreign ownership in 2018.
2020-04-17

Credit Suisse CEO Tidjane Thiam resigns after a spying scandal.
2020-02-7

A number of analysts, including Ralf Preusser from Bank of America and Ric Deverell from Credit Suisse, believe that the United Kingdom economy is heading into a recession.
2016-06-27

Credit Suisse pleads guilty to helping American citizens evade taxes and agrees to a US$2.6 billion fine.
2014-05-20

Moody's downgrades the credit rating of 15 major world banks: UK (The Royal Bank of Scotland, Barclays and HSBC), US (Bank of America, Citigroup, Goldman Sachs and JPMorgan), Rest of world (Credit Suisse, UBS, BNP Paribas, Crédit Agricole, Société Générale, Deutsche Bank, Royal Bank of Canada and Morgan Stanley).
2012-06-21

Swiss bank Credit Suisse announces plans to cut 2,000 jobs due to poor profit results.
2011-07-28

The US Financial Industry Regulatory Authority reports that Merrill Lynch and Credit Suisse have agreed to pay multi-million fines for subprime mortgage securities they sold in the lead up to the global financial crisis of 2008.
2011-05-26