Credit Suisse

BNP Paribas CEO Jean-Laurent Bonnafé: Europe’s Regulations Limit Bank Mergers
BNP Paribas CEO Jean-Laurent Bonnafé: Europe’s Regulations Limit Bank Mergers
May 14, 2024  |  Banking

BNP Paribas CEO Jean-Laurent Bonnafé reportedly expressed skepticism about the potential for a revival of mergers and acquisitions (M&A) activity in European banking. Speaking Tuesday...

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Swiss National Bank Says Merchant Cash Acceptance Unchanged Since 2021
Swiss National Bank Says Merchant Cash Acceptance Unchanged Since 2021
February 23, 2024  |  Cash

Swiss National Bank (SNB) Vice Chairman Martin Schlegel said Friday (Feb. 23) that physical cash will never disappear from use in Switzerland, despite the popularity...

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Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
January 08, 2024  |  Banking

Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign. A spokesperson for the British bank told Reuters Monday (Jan. 8)...

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Santander Aims to Double Business in US Investment Banking
Santander Aims to Double Business in US Investment Banking
November 09, 2023  |  Banking

Santander, Spain’s largest bank, is set to expand its corporate banking presence in the United States. Speaking Thursday (Nov. 9) at the Reuters NEXT conference in...

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Barclays CEO Says Job Cuts Are in Line With Industry
Barclays CEO Says Job Cuts Are in Line With Industry
September 11, 2023  |  Banking

Barclays Plc plans to cut hundreds of jobs, following many other financial institutions that have done the same. CEO C.S. Venkatakrishnan told CNBC Monday (Sept. 11) that...

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Report: Global Wealth Fell for 1st Time Since 2008 Crisis
Report: Global Wealth Fell for 1st Time Since 2008 Crisis
August 16, 2023  |  Economy

The world had fewer millionaires at the end of 2022 than at the beginning. That’s according to a report issued Tuesday (Aug. 15) by UBS and Credit Suisse showing that global...

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Swiss National Bank Says Credit Suisse Crisis Revealed Regulations’ Shortcomings
Swiss National Bank Says Credit Suisse Crisis Revealed Regulations’ Shortcomings
June 22, 2023  |  Bank Regulation

The Swiss National Bank has called for a review of “too big to fail” (TBTF) regulations after the crisis around Credit Suisse in March. While measures taken by authorities...

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Global M&A Volumes Drop by 48% in First Quarter
Global M&A Volumes Drop by 48% in First Quarter
March 31, 2023  |  Acquisitions

Global mergers and acquisitions (M&A) volumes dropped by 48% year over year in the first quarter. As of Thursday (March 30), M&A volumes for the...

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Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation
Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation
March 24, 2023  |  Banking

Credit Suisse, UBS and some U.S. banks are reportedly being investigated. Individuals at the two Swiss banks and the unspecified major U.S. banks were recently...

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