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Swiss Prosecutors Examine UBS Takeover of Credit Suisse: Report

Switzerland's Federal Prosecutor told the Financial Times it was looking into potential breaches of Swiss criminal law by parties involved in the deal. ....

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Credit Suisse executives reassure investors after CDS spike

Credit Suisse five-year credit default swaps (CDS) jumped 6 basis point to close to 247 bps on Friday, the highest level in at least 10 years, S&P Global Market Intelligence data showed. ....

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Credit Suisse posts another quarterly loss, rejigs management

The bank also announced another set of top management departures. ....

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Credit Suisse Weighs Replacing Two Senior Executives After Crises: Report

Reuters
The role of Brian Chin, CEO of its investment bank, is also reportedly under scrutiny.
Credit Suisse has been involved in both the Archegos and Greensill crashes.
Leaders at Switzerland-based Credit Suisse are discussing replacing chief risk officer Lara Warner, after the bank was caught up in several high-profile incidents, leading to large potential losses, Bloomberg reported. The outlet cited people briefed on the matter.
Despite chief executive officer Thomas Gottstein s commitment to a clean slate in 2021, after a previous spying scandal at the bank, Credit Suisse has been one of the worst-performing major bank stocks in 2021.
The recent collapse of Greensill, along with chaos at Archegos, has potentially left investors facing another quarter of losses. ....

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