When Zaur Leshkasheli decided to sell his majority stake in Azerbaijan’s largest onshore oil field, the former Russian diplomat-turned-entrepreneur expected to pocket more than $500 million.
Credit Suisse Group is a world-leading financial services company, advising clients in all aspects of finance, around the world, around the clock.
Credit Suisse announced on Friday appointments to the Executive Board, changes to the leadership of its Investment Banking Division, and the appointment of a new CEO of Asia Pacific.
The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession.
Credit Suisse is under fire from U.S. regulators over concerns the bank isn’t heeding warnings to stop making loans regulators see as risky, according to a person familiar with the matter.
Revenue at Credit Suisse's investment bank rose in the last two months compared with the same period a year before, the bank's finance chief said on Tuesday.
Citigroup’s third-quarter fixed-income and equity trading revenue will be 'roughly in line' with the same period a year ago, Chief Financial Officer John Gerspach said.
Credit Suisse is merging its eastern European private banking business with western Europe as it seeks to return to growth after heavy outflows due to crackdowns on untaxed funds in hidden Swiss accounts.
Credit Suisse added private banking to its operations in Toronto as the lender seeks to win business from Canada’s wealthiest individuals.
The investigation is also said to have unearthed evidence of other employees on the desk using racist and profane language as well as watching s.x videos in the workplace,
Credit Suisse Group lost a bid to dismiss a lawsuit by a former private wealth client who is accusing the bank’s Singapore unit of failing to explain the risks of a complex investment product.
Dealbreaker reports that, a couple of weeks back, a New York-based second year Credit Suisse technology analyst is said to have returned to the office (apparently over the weekend) rather the worse for wear, and trashed a colleague's work space (see pic to the right, which was seemingly taken by a member of the firm's HR Department for the employee's file).
We've called in the services of Ivana Takitall, author of the best-selling 'Bankers, Bonuses & Big Divorce Settlements', who has agreed to rate 12 top financial markets firms in terms of how likely they are to provide single females with their perfect partner.
About 80 families of US soldiers killed in Iraq together with several surviving military veterans who were wounded in roadside bombings are suing five European banks for damages on grounds that they allegedly siphoned money to Iran that was then used to finance the attacks.
We looked at 10 bosses of some of the world's largest banks and rated them on 5 key criteria in terms of their effectiveness.
Mumba - Credit Suisse has announced 11 appointments in its Investment Bank, demonstrating the growth of its franchise in India and its commitment to continued investment in this key market.
Here's the latest on the 'Movers & Shakers' front.
High drama at one top firm ?
Barclays has appointed Adam Yarnold as head of US securitized products trading, according to a person with knowledge of the promotion.
As the media (including us) tended to feature only the more frivolous suggestions Brady Dougan, the head of Credit Suisse's investment banking division, made in his recent memo to staff on the subject of cost-cutting, we thought it only fair to put the memo in context. Here's the full text..
Here's the results for the Here Is The City Deep Blue Associates-sponsored '2008 Best Chief Technology Officer / Chief Information Officer Poll'.