Credit Suisse

Credit Suisse Posts $275 Million Loss After Taking Hit Over Hedge Fund
Credit Suisse Posts $275 Million Loss After Taking Hit Over Hedge Fund
April 22, 2021  |  Earnings

While Credit Suisse Group AG posted a 31 percent year-over-year rise in net revenues for Q1 2021, the Swiss bank generated a loss for the...

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Bitcoin Daily: Paxos Files For Clearing Agency License; Chinese Lottery Firm 500.com Buys Bitcoin Miner Maker For $100 Million
Bitcoin Daily: Paxos Files For Clearing Agency License; Chinese Lottery Firm 500.com Buys Bitcoin Miner...
April 06, 2021  |  Bitcoin

Paxos, a cryptocurrency firm, said it will apply for a formal clearing agency license from the U.S. Securities regulator now that a pilot test has...

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Greensill Collapse Prompts Credit Suisse To Freeze Four Funds
Greensill Collapse Prompts Credit Suisse To Freeze Four Funds
March 11, 2021  |  International

Switzerland’s Credit Suisse had to freeze four Luxembourg-based funds that invested $10 billion in supply chain finance, adding to the fallout from the collapse of...

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Late Payment Challenges Show Need For Supply Chain Solutions
Late Payment Challenges Show Need For Supply Chain Solutions
March 08, 2021  |  B2B Payments

Firms such as Greensill provide supply chain finance, which if used correctly can be a tool to combat late B2B payments. But amid Greensill’s apparent...

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Today In B2B: Credit Suisse Suspends Greensill Funds; Atradius Acquires B2B Collections Firm
Today In B2B: Credit Suisse Suspends Greensill Funds; Atradius Acquires B2B Collections Firm
March 02, 2021  |  B2B Payments

Today in B2B payments, Credit Suisse suspends Greensill Capital investment funds, and Atradius acquires B2B collections firm Gestifatura. Plus, DailyPay integrates into payroll platforms, VTB...

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Credit Suisse Suspends Investment Funds Linked To Greensill Capital
Credit Suisse Suspends Investment Funds Linked To Greensill Capital
March 01, 2021  |  B2B Payments

Credit Suisse Group AG has frozen $10 billion in investment funds that have powered Greensill Capital, which focuses on supply chain finance, a kind of...

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Fed To Credit Suisse: Improve Anti-Money Laundering Practices
Fed To Credit Suisse: Improve Anti-Money Laundering Practices
December 22, 2020  |  AML

The U.S. Federal Reserve ordered Credit Suisse to boost its anti-money laundering (AML) policies, citing shortcomings in its U.S. operations, Reuters reported. Get the Full...

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Swiss Prosecutors Charge Credit Suisse Over Alleged Drug Money Laundering
Swiss Prosecutors Charge Credit Suisse Over Alleged Drug Money Laundering
December 18, 2020  |  AML

Credit Suisse has been indicted by Swiss prosecutors for allegedly failing to prevent money laundering, Bloomberg reports, adding that a former bank manager was also...

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South Korea’s Digital Kakao Bank Prepares For IPO
South Korea’s Digital Kakao Bank Prepares For IPO
December 17, 2020  |  IPO

Kakao Bank Corp., a South Korean digital bank, has chosen Credit Suisse and KB Investment & Securities as its advisors for its upcoming initial public...

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