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Top related persons:
Daniel Hunziker - 1 Hunziker - 1 Andreas Gerber - 1 John Revill - 1 David Holmes - 1
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ZURICH Credit Suisse Switzerland Schweizerische
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Credit Suisse - 1 Thomson - 1

Search resuls for: "Schweizerische"


6 mentions found


☆ Credit Suisse announces management changes at Swiss bank
  + stars: | 2023-07-17 | by ( ) www.reuters.com   time to read: 1 min
ZURICH, July 17 (Reuters) - Credit Suisse Switzerland executive board member Daniel Hunziker will take over the leadership of the bank's corporate clients business, it said on Monday. Hunziker will take on the new position in addition to his existing job as head of institutional clients at Credit Suisse with immediate effect. The move is the latest management change announced since UBS's (UBSG.S) takeover of Credit Suisse. Credit Suisse also announced on Monday that Andreas Gerber, head of corporate banking and another member of the Credit Suisse Switzerland executive board, will leave the bank. The banking veteran will "take a break for the time being" after 34 years at Credit Suisse and Schweizerische Volksbank, Credit Suisse said.
Persons: Daniel Hunziker, Hunziker, Andreas Gerber, John Revill, David Holmes Organizations: Credit Suisse, Thomson Locations: ZURICH, Credit Suisse Switzerland, Schweizerische
☆ Merchandise from Credit Suisse such as hats, bags and gold bars are being sold online
  + stars: | 2023-03-21 | by ( Anna Cooban | ) edition.cnn.com   time to read: +2 min
A ski hat adorned with Credit Suisse's logo had received as many as 46 bids on online Swiss marketplace Ricardo.ch by Tuesday, March 21. From ricardo.chAs many as 46 bidders were angling Tuesday to buy a blue and red Credit Suisse ski hat, priced at 111 Swiss francs ($120) on online Swiss marketplace Ricado.ch. One seller has listed a black cap, adorned with “Credit Suisse Risk Management Intern 2023,” for 35 Swiss francs ($38) on online reseller Tutti.ch. Vintage Credit Suisse stamps, notepads and watches are also being offered for sale. Hats, bags and gold bars emblazoned with Credit Suisse's logo popped up on resale sites just hours after the 167-year-old bank was taken over by rival UBS.
☆ A retro red, blue, and white Credit Suisse ski cap is attracting ferocious bids online — and prices are now up to $200
  + stars: | 2023-03-21 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Credit Suisse merch is popping up in online marketplaces following the 167-year-old lender's merger with UBS. Branded gold bars and bags are some of the other Credit Suisse merch available on the platforms. One listing of the Credit Suisse cap started at 80 francs on March 19. Bidding on other Credit Suisse merch — such as this tote bag and a coin bank — also attracted four and five bids, respectively. And while Credit Suisse merch may be attracting buyers, the same cannot be said for the shares of the 167-year-old lender.
☆ UBS is buying Credit Suisse in bid to halt banking crisis
  + stars: | 2023-03-19 | by ( Mark Thompson | ) edition.cnn.com   time to read: +4 min
“UBS today announced the takeover of Credit Suisse,” the Swiss National Bank said in a statement. Credit Suisse shareholders will be largely wiped out, receiving just 1 UBS share for 22.5 Credit Suisse shares they own. UBS (UBS) and Credit Suisse rank among the 30 most important banks in the global financial system, and together they have almost $1.7 trillion in assets. “Given recent extraordinary and unprecedented circumstances, the announced merger represents the best available outcome,” Credit Suisse chairman Axel Lehmann said in a statement. The Swiss National Bank said it would provide a loan of 100 billion Swiss francs ($108 billion) to UBS and Credit Suisse to boost liquidity.
☆ How Credit Suisse has evolved over 167 years
  + stars: | 2023-03-16 | by ( ) www.reuters.com   time to read: +5 min
Here is how Credit Suisse has developed over 167 years:1856Politician and business leader Alfred Escher founds Schweizerische Kreditanstalt (SKA) to finance the expansion of the railroad network and promote Swiss industrialisation. 1997A reorganisation turns CS Holding into Credit Suisse Group and drops the SKA name; it also buys insurer Winterthur, a strategic partner. 2002A reorganisation creates two units: Credit Suisse Financial Services and Credit Suisse First Boston; two years later it splits into three units by adding Winterthur. 2005Credit Suisse and CSFB merge and stop using the Credit Suisse First Boston brand name. The Swiss authorities provide assurances that Credit Suisse has met "the capital and liquidity requirements imposed on systemically important banks".
☆ The evolution of Credit Suisse over 166 years
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +4 min
1990The group takes a controlling stake in U.S. investment bank CS First Boston and buys Bank Leu, a Swiss private bank. 1997A reorganisation turns CS Holding into Credit Suisse Group and drops the SKA name; it also buys insurer Winterthur, a strategic partner. 2002A reorganisation creates two units: Credit Suisse Financial Services and Credit Suisse First Boston; two years later it splits into three units by adding Winterthur. 2005Credit Suisse and CSFB merge and stop using the Credit Suisse First Boston brand name. In March, U.S. investment fund Archegos implodes, saddling Credit Suisse with a $5.5 billion loss.
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