Credit Suisse in Zürich IAG stated that it was not liable because the group had sold its stake in the subsidiary. (Photo: Archyde.com) Sydney The major Swiss bank has joined Greensill Capital’s creditors and has filed a lawsuit in Australia against insurer Insurance Australia Group (IAG) for compensation. Credit Suisse filed two lawsuits against IAG … Read more
Swiss credit The major bank appoints a new Global Head of Distribution for its Asset Management division. (Photo: dpa) Zürich The major Swiss bank Credit Suisse is reorganizing its asset management business for professional investors. Colin Fitzgerald has been named global head of distribution for Credit Suisse Asset Management, a bank spokesman said on Tuesday. … Read more
Demonstration in London Broad wave of solidarity. (Foto: imago images/ZUMA Wire) Düsseldorf, New York, Brussels, Berlin, Frankfurt The EU, US and other Western allies further isolated Russia’s financial system over the weekend. First, they want to freeze the assets of the Russian central bank. On the other hand, the country’s most important credit institutions are to … Read more
Tim Leissner (middle) 44 million dollars (39 million euros) were confiscated from the ex-Southeast Asia boss. (Foto: Bloomberg) New York It was an explosive statement: Executives at the major US bank Goldman Sachs are said to have known that the dubious financier Jho Low was involved in transactions with the plundered Malaysian sovereign wealth fund 1MDB. … Read more
According to a law firm in the USA, the Swiss bank Credit Suisse has agreed to pay 81 million dollars after allegations of unfair collusion. In addition, the bank is committed to helping the plaintiffs in the proceedings against other financial institutions accused of the matter, said the law firm Cohen Milstein Sellers & Toll. … Read more
Société Générale in Paris Société Générale is France’s third largest listed bank. (Photo: Archyde.com) Frankfurt Crédit Agricole and Société Générale have left the corona crisis behind. The two big French banks have significantly increased their profits over the past year. They shared that on Thursday morning. Société Générale, for example, posted a record profit of … Read more
The Frankfurt bank towers European banks are once again finding the goodwill of analysts and investors. Despite progress, Deutsche Bank and Commerzbank are not among the favourites. (Photo: dpa) Frankfurt After gloomy years, Europe’s banks are slowly but surely heading towards better times. This expectation is already reflected in the stock markets. It could be … Read more
Frankfurt The British neobank Revolut is growing rapidly. She puts the number of her customers at 18 million, around 70 percent of them in the EU and half a million in Germany. The central offer of the finance start-up (Fintech) Revolut is a finance app. But only now is the company known as “Neobank” or … Read more