Posts filtered by tags: Credit Suisse[x]


 

Credit Suisse Chairman Doubles Down With $1 Million Stock Purchase

ZURICH (Reuters) - Credit Suisse Chairman Antonio Horta-Osorio has bought another 1 million Swiss francs ($1.1 million) worth of shares in the...
Tags: Credit Suisse, Zurich, Reuters Credit Suisse, António Horta Osório


LendingClub soars 57% to 3-year high after reporting its most profitable quarter ever

Xinhua/Wang Ying/ Getty Images LendingClub soared as much as 57% after second quarter earnings results revealed its most profitable quarter ever.The personal loan provider saw revenue soar 406% to $204 million, easily beating analyst estimates.Even with shares hitting a three-year high, LendingClub is still down 83% from its record 2014 high.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares of LendingClub soared as much as 57% on Thursday after the personal lo...
Tags: Finance, Trends, Markets, Credit Suisse, Stock Market, LendingClub, Lending Club, Matthew Fox, Earnings 2021, Stock Market 2021, MI Exclusive, LendingClub personal loans, Xinhua Wang Ying Getty Images LendingClub, LendingClub Bank


Hear No Evil, See No Evil: How Credit Suisse Ignored Archegos Warnings

By John O'DonnellFRANKFURT (Reuters) - Weeks before Archegos collapsed, Credit Suisse received what would turn out to be one of its final warnings...
Tags: Credit Suisse, Reuters Weeks, John O DonnellFRANKFURT


Credit Suisse CEO Expects Wrap-Up of FINMA 'Spygate' Query, Archegos Just Warming Up

ZURICH (Reuters) - Credit Suisse expects Swiss watchdog FINMA's proceedings over the bank's 2019 spying scandal to wrap up soon, Chief Executive...
Tags: Credit Suisse, Finma, Zurich, Reuters Credit Suisse


Credit Suisse helped Archegos take 'potentially catastrophic' risks before losing billions when it collapsed

Credit Suisse investment bankers allowed Archegos Capital to take "voracious" and "potentially catastrophic" risks that culminated in the US hedge fund's spectacular collapse in March, costing the bank $5.5 billion and causing chaos on Wall Street, according to an investigation published Thursday.
Tags: US, Cnn, Credit Suisse, Archegos, Archegos Capital


Credit Suisse 78% Q2 Net Profit Slide Shows Archegos Hit

ZURICH (Reuters) - Credit Suisse on Thursday posted a 78% fall in second-quarter net profit, as a steep drop in its investment banking revenues...
Tags: Credit Suisse, Zurich, Reuters Credit Suisse


Credit Suisse's Archegos Post Mortem Slams Management; Profit Slumps

By Brenna Hughes NeghaiwiZURICH (Reuters) -A "lackadaisical" attitude towards risk and "a lack of accountability" were to blame for Credit Suisse's...
Tags: Credit Suisse, Reuters, Brenna Hughes, Archegos Post Mortem Slams Management


Blossom Capital lures Alex Lim from Silicon Valley to join the European tech boom

Alex Lim, a British-born VC based in the Bay Area who invested in Hopin, UiPath, Discord, and many other unicorns has decided to up sticks and leave Sand Hill Road behind for Blossom Capital in London. Blossom is fast making a name for itself both in Europe and internationally, having invested in breakout hits like Tines, Duffel, and Checkout.com. Lim, the youngest-ever Partner promotion at IVP, leaves after six years to take on the role of Managing Partner at Blossom. Blossom founder Ophelia Br...
Tags: Startups, TC, Europe, UK, London, Finance, US, Companies, Artificial Intelligence, Software, United States, United Kingdom, Credit Suisse, Silicon Valley, West Coast, Alex


China markets swoon - Former CS banker tackles addiction - D1 investment gears up hiring

Welcome to Insider Finance. If this was forwarded to you, sign up here. On the agenda today:D1-backed fintech Addepar is looking to hire 100 new roles outside the US. Here are some of the jobs they're trying to fill.A former Credit Suisse junior banker is opening a treatment center to offer Wall Street staffers mental-health resources.China is expanding its corporate crackdown into education. Here's the latest.Let's get started. On the heels of fresh fundi...
Tags: China, US, Trends, Credit Suisse, SEC, WSJ, Lee, Didi, Aon, M T Bank, Blaustein, Richard Drew, Allison Lee, People s United, Larry Chen, Cathie Wood


Infrastructure plan's big winners on Wall Street

Wall Street's Famous Bull Brendan McDermid/REUTERS Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:Inside how a massive infrastructure plan could be a boon for pension funds.Read the initial investment memo written by Greylock Partners on Blend, which went public Friday.We've got six charts breaking down the status of SPAC IPOs in the first half of 2021. If you're not yet a subscriber, you can sign up here to ge...
Tags: Americas, Digital, Trends, Credit Suisse, Greylock Partners, Greylock, Rbc, McDonald, SPAC, NFT, Brendan Mcdermid, Samantha Lee, Jerry Chen, Bloomberg Goldman Sachs, Dan DeFrancesco, Credit Suisse JPMorgan


How to spot short squeezes, plus 27 must-read crypto books

Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through the current market and investing landscape. Here's what's on the docket:Many short-sellers have continued to get pummeled even after the Great Gamestop Short Squeeze of January 2021. Longtime analyst Michael Pachter shared with us how investors can spot squeezes - and also successfully short stocks themselves.If you're looking to brush up on your crypto knowledge, you've come to the ...
Tags: Amazon, America, Trends, Investing, Markets, Credit Suisse, Stocks, Goldman Sachs, Stock Market, Cryptocurrencies, Cryptocurrency, Gamestop, Scott Olson, Michael Pachter, Joe Ciolli, Investing Strategy


Young Wall Street's diversity champions - Inside SVB Leerink's hiring blitz - Goldman and BlackRock pay bumps

Hello readers, Happy Saturday, and welcome to Insider Finance. Here's a rundown of trending stories from the past week:Meet four up-and-comers making Wall Street more inclusive.SVB Leerink is luring top bankers to build a new dealmaking powerhouse.BlackRock is giving staffers 8% pay rises, while Goldman Sachs hinted at a raise for junior bankers. share their stories.If this email was forwarded to you, sign up here to get your daily dose of the stories dominating banking, business, and big d...
Tags: Apple, Trends, Barclays, Credit Suisse, Goldman Sachs, Morgan Stanley, Goldman, Blackrock, Southern Company, Andrew Burton Getty, New US, Leerink, Samantha Lee, Capricorn Investment Group, SVB Leerink, Michelle Abrego


Meet Young Wall Street's diversity champions

Hello readers, Happy Saturday, and welcome to Insider Finance. Here's a rundown of trending stories from the past week:Meet four up-and-comers making Wall Street more inclusive.SVB Leerink is luring top bankers to build a new dealmaking powerhouse.BlackRock is giving staffers 8% pay rises, while Goldman Sachs hinted at a raise for junior bankers. share their stories.If this email was forwarded to you, sign up here to get your daily dose of the stories dominating banking, business, and big d...
Tags: Apple, Trends, Barclays, Credit Suisse, Goldman Sachs, Morgan Stanley, Blackrock, Southern Company, Andrew Burton Getty, New US, Leerink, Samantha Lee, Capricorn Investment Group, SVB Leerink, Michelle Abrego, Credit Suisse JPMorgan


How to land a job at KKR

Drew Angerer/Getty Images Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:Everything you need to know if you want to get hired as a junior investor at private-equity giant KKR. New, smaller hedge funds are thriving this year. Here's why. We've got an update on Merrill Lynch's advisor training program. Insider.com update: Newsletters are now coming from our new domain, @insider.com. Also, a friendly reminder to ...
Tags: Apple, Hollywood, Stanford, Trends, Paypal, Nasa, Credit Suisse, Merrill Lynch, KKR, Columbia, Klarna, Merrill, Laura Anderson, David M Benett Getty, Marc Rowan, Brian Ach


Credit Suisse leads $20M Series A in data extraction startup Daloopa

Daloopa closed on a $20 million Series A round, led by Credit Suisse Asset Management’s NEXT Investors, to continue developing its data extraction technology for financial institutions, which is now being expanded globally. When company co-founder and CEO Thomas Li worked as a hedge fund analyst, he often performed repetitive data extraction in order to gather insights for analysis and forecasts. In fact, he found lawyers and similar financial professionals at financial institutions were spendin...
Tags: Startups, New York, Credit Suisse, Rio De Janeiro, New Delhi, Nexus Venture Partners, Li, Abhishek Sharma, Daniel Chen, Credit Suisse Asset Management, Daloopa, Thomas Li, Jeremy Huang, Nexus Venture Partners Uncorrelated Ventures, Hack VC Daloopa


BlackRock bumps junior comp

Tayfun Coskun/Anadolu Agency via Getty Images; Nicolas Economou/NurPhoto via Getty Images; Samantha Lee/Insider Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:BlackRock is the latest Wall Street firm to bump base comp for its younger talent. Bank of America's top tech executive named a new right-hand man. The 16 people leading money managers push into alternative investments. Insider.com update: Newsletters are now co...
Tags: Asia, Wall Street, Trends, Bank Of America, Getty Images, Credit Suisse, SEC, Goldman Sachs, Morgan Stanley, Bass, Coo, Blackrock, Jpmorgan, SPAC, Andrew Burton Getty, Kyle Bass


Singapore-based Tinvio raises $12M Series A to build financial services for supply chain merchants

First created to give supply chain merchants a streamlined way to communicate with buyers, Tinvio is now preparing to launch financial services, including financing and credit card issuing. The Singapore-based startup announced today it has raised a $12 million Series A to build out its B2B transactions platform. The round was led by AppWorks Ventures, with participation from strategic investor MUFG Innovation Partners (MUIP), a venture capital firm for collaborations between startups and Mitsub...
Tags: Fundings & Exits, Startups, TC, Asia, Indonesia, Southeast Asia, Singapore, Supply Chain, Wholesalers, Tech, Credit Suisse, Financial Services, Partech Ventures, Gopal, Inventory Management, AppWorks Ventures


Moody's Downgrades Some Credit Suisse Senior Unsecured Debt and Deposit Ratings

By Brenna Hughes NeghaiwiZURICH (Reuters) - Credit rating agency Moody's on Tuesday downgraded some of Credit Suisse's senior unsecured debt...
Tags: Credit Suisse, Moody, Reuters Credit, Brenna Hughes


Credit Suisse's Swiss Compliance Chief Floriana Scarlato Quits Immediately

ZURICH (Reuters) - Credit Suisse said on Monday that Floriana Scarlato is quitting "with immediate effect" as compliance head of the Swiss...
Tags: Credit Suisse, Zurich, Reuters Credit Suisse, Floriana Scarlato


Credit Suisse's Swiss Compliance Officer Scarlato Leaving

By John MillerZURICH (Reuters) -The chief compliance officer at Credit Suisse's domestic unit is quitting with immediate effect after just 4 1/2...
Tags: Credit Suisse, Reuters, John MillerZURICH


Credit Suisse Promotes Hu to China Chief Executive

HONG KONG (Reuters) - Credit Suisse has appointed Janice Hu to become its China chief executive, according to a statement from the bank on...
Tags: Hong Kong, China, Credit Suisse, Reuters Credit Suisse, Janice Hu


Frustration is mounting among junior bankers at Goldman Sachs

The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. Jeenah Moon/Reuters Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:Goldman has bucked the Wall Street trend of raising comp for juniors, and its analysts are getting frustrated.Speaking of Goldman, the bank has also had a tough time holding...
Tags: New York City, San Francisco, Trends, Getty Images, Credit Suisse, Manhattan, Goldman Sachs, Goldman, Howard, Ares Management, PitchBook, Arnd Wiegmann Reuters, Coral Gables Florida, New York Stock Exchange NYSE, Robinhood Robinhood, Samantha Lee


Qatar Fund Holds 6% Credit Suisse Stake Due to Convertible Notes - Filing

DUBAI (Reuters) - Qatar Investment Authority (QIA) stake in Credit Suisse is 6%, higher than earlier estimated, after it subscribed to two...
Tags: Qatar, Credit Suisse, Dubai, Reuters Qatar Investment Authority QIA, Credit Suisse Stake Due


Credit Suisse to Repay Further $750 Million to Greensill-Linked Fund Investors

By Brenna Hughes NeghaiwiZURICH (Reuters) - Credit Suisse is paying out a further $750 million to investors in its Greensill-linked supply chain...
Tags: Credit Suisse, Reuters Credit Suisse, Brenna Hughes, Greensill


Wall Street's biggest hiring trends: what insiders and recruiters are saying

Wall Street recruiters have had a busy 2021. Getty Images Recruiters have been busy making hires in hot areas like healthcare-focused investment banking. Traders have also been on the move after a massive year of revenue hauls. From trading to investment banking, these are the biggest hiring trends on Wall Street. See more stories on Insider's business page. Insider has been tracking Wall Street hiring and talking with recruiters and insiders about the biggest trends.Top healthcare b...
Tags: New York, Trends, Credit Suisse, Healthcare, Federal Reserve, Reuters, Charles Anderson, Arnd Wiegmann, Samantha Lee, Heidrick Struggles, Insider Inc, Robinhood Chime, Kim Freehill, FSJ Partners, Freehill, Shutterstock Credit


Credit Suisse to Realign Strategy This Year, Chairman Says

ZURICH (Reuters) - Credit Suisse expects to decide on a new strategy by the end of the year, Chairman Antonio Horta-Osorio said in his first...
Tags: Credit Suisse, Zurich, Reuters Credit Suisse, António Horta Osório


The LGBTQ+ community faces a bifurcated experience when it comes to investing. Experts explain where the investment industry is successfully breaking down barriers, and where it's still failing to create equity.

Skye Gould/Insider Parade-goers make their way down 5th Avenue during the NYC Pride March TIMOTHY A. CLARY/AFP via Getty Images LGBTQ+ consumer spend could be worth as much as $5.6 trillion, according to Credit Suisse. But the ability to build and maintain wealth can still be an uphill battle for the community. Experts explain the progress in removing barriers for the community, and challenges that remain. This article is part of a series called "The Cost of Inequity," examini...
Tags: Europe, Banks, US, Trends, Investing, Markets, Bank Of America, Credit Suisse, Equality, Lgbtq, HRC, Inequality, ESG, Daylight, Asset Managers, Iowa State University


Warren Buffett and Charlie Munger slam Robinhood, blast Archegos' lenders, and reflect on their iconic friendship in a new interview. Here are the 15 best quotes

Warren Buffett and Charlie Munger. CNBC Warren Buffett and Charlie Munger blasted Robinhood and Archegos' lenders in a recent interview. The business partners also reflected on their six decades of friendship and biggest influences. Buffett and Munger discussed remote working and the pandemic's impact on Berkshire Hathaway as well. See more stories on Insider's business page. Warren Buffett and Charlie Munger blasted Robinhood, slammed the banks that enabled the Archegos Capita...
Tags: Trends, Credit Suisse, Warren, Berkshire Hathaway, Warren Buffett, Federal Reserve, Robinhood, Cnbc, Buffett, Charlie, Munger, Charlie Munger, Buffett Munger, Theron Mohamed, Berkshire Read, Archegos


LIVE: Warren Buffett and Charlie Munger discuss their friendship, Berkshire Hathaway, and the state of markets in a special CNBC interview

Warren Buffett. CNBC Warren Buffett and Charlie Munger took part in a CNBC interview that aired on Tuesday night. The billionaire investors spoke about their friendship, Berkshire Hathaway, and financial markets. Buffett and Munger also discussed remote work and the lessons they took from the pandemic. See more stories on Insider's business page. Warren Buffett and Charlie Munger discussed their iconic friendship, their key business principles, and what makes Berkshire Hathaway unique ...
Tags: America, Trends, Credit Suisse, Alibaba, Berkshire Hathaway, Warren Buffett, Jack Ma, Robinhood, Berkshire, Cnbc, Buffett, Bnsf, Charlie, Munger, Charlie Munger, Buffett Munger


Warren Buffett and Charlie Munger knocked Robinhood, discussed the Archegos fiasco, and reflected on their friendship in a new interview. Here are the highlights

Warren Buffett. CNBC Warren Buffett and Charlie Munger took part in a CNBC interview that aired on Tuesday night. The billionaire investors criticized Robinhood and Archegos, and reflected on their friendship. Buffett and Munger also discussed remote working and the lessons they took from the pandemic. See more stories on Insider's business page. Warren Buffett and Charlie Munger discussed their iconic friendship, how they approach business, and how they built Berkshire Hathaway in "Bu...
Tags: America, Trends, Credit Suisse, Berkshire Hathaway, Warren Buffett, Robinhood, Berkshire, Cnbc, Buffett, Bnsf, Charlie, Munger, Charlie Munger, Buffett Munger, Blue Chip Stamps, Theron Mohamed