Credit Suisse warned it may have to book a charge over its dealings with Greensill, as scrutiny grows over its relationship with the British finance firm that collapsed into insolvency..
ZURICH, March 16 Credit Suisse may have to book a charge over its dealings with Greensill, it warned today, as investor scrutiny grows over its relationship with the British supply-chain finance company that collapsed into insolvency. The Swiss bank has had to close around US$10 billion (RM41.1.
Credit Suisse may have to book a charge over its dealings with Greensill, it warned on Tuesday, as investor scrutiny grows over its relationship with the British supply-chain finance company that collapsed into insolvency.
Updated Dec. 15, 2020 1:07 pm ET Credit Suisse Group AGâs new chief executive said managing rich peopleâs money will be a priority for the bank, setting a target to boost wealth-management profits by at least a quarter in the coming years.
Chief Executive Thomas Gottstein, who took over the bank earlier this year after a spying scandal rocked its executive ranks, said the bank would allocate two-thirds of its capital to wealth management and one-third to investment banking. The split between its two main businesses continues the strategy set out by his predecessor, Tidjane Thiam, who was forced to resign in February over a spying scandal.