Credit Suisse Group AG ADR (CS) News
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CS News Highlights
- For CS, its 30 day story count is now at 67.
- Over the past 23 days, the trend for CS's stories per day has been choppy and unclear. It has oscillated between 1 and 12.
- The most mentioned tickers in articles about CS are AG, DRUG and AP.
Latest CS News From Around the Web
Below are the latest news stories about Credit Suisse Group Ag that investors may wish to consider to help them evaluate CS as an investment opportunity.
Credit Suisse Group AG is trying to help the U.S. Department of Justice potentially build a case related to block trading against rivals Morgan Stanley and Goldman Sachs Group Inc, Bloomberg News reported on Friday. Credit Suisse has delivered a presentation to the U.S. Attorney's Office for the Southern District of New York, flagging potential issues with the collapse of Archegos Capital Management last year that led to billions of dollars of losses for global banks, according to the report.
The Swiss bank's push to provide assistance apparently goes beyond banks’ routine cooperation with requests for information, the report said, citing people familiar with the matter. Credit Suisse has delivered a presentation to the U.S. Attorney's Office for the Southern District of New York, flagging potential issues with the collapse of Archegos Capital Management last year that led to billions of dollars of losses for global banks, according to the report.
(Bloomberg) -- Credit Suisse Group AG, saddled with billions of dollars in losses from the collapse of Archegos Capital Management last year, is trying to help the U.S. Justice Department potentially build a case related to block trading against rivals Morgan Stanley and Goldman Sachs Group Inc.Most Read from BloombergRussia Vetoes UN Resolution as China Abstains: Ukraine UpdateTaiwan to Join in U.S.-Led Sanctions on Russia: Ukraine UpdateU.S. Moves to Sanction Putin as Russian Forces Surround K
Credit Suisse AG (Sydney) Branch -- Moody's announces completion of a periodic review of ratings of Credit Suisse Group AG
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Credit Suisse Group AGGlobal Credit Research - 23 Feb 2022Frankfurt am Main, February 23, 2022 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Credit Suisse Group AG and other ratings that are associated with the same analytical unit. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement.
Credit Suisse (NYSE:CS) is falling 3% in Swiss trading Monday as the bank defended itself against accusations of wrongdoing following a massive whistleblower data leak. German newspaper Süddeutsche Zeitung published a report based on leaked data of 18,000 bank accounts with assets of more than $100B. Analysis of the data by...
Credit Suisse whistleblower claims of deals with drug dealers and dictators adds to list of missteps that has made it Europe’s most scandal-ridden bank
Suisse Secrets, the biggest ever data leak for a major Swiss bank, highlights systemic tax evasion thanks to the country's vault-like secrecy rules.
Credit Suisse said it strongly rejected any allegations of wrongdoing and that the media reports were based on "partial, inaccurate or selective information taken out of context". The European People's Party (EPP), the conservative grouping which holds the biggest number of seats in the European Parliament, called on the EU Commission on Monday to "re-evaluate Switzerland as a high-risk money-laundering country" as part of the next review of the list. The European Commission, which is responsible for drafting and reviewing the list, declined to comment on the EPP's statement.
A vast leak that reveals details of the hidden wealth of more than 30,000 clients has rocked Credit Suisse in the latest scandal to engulf the Swiss bank.
(Bloomberg) -- Credit Suisse Group AG managed accounts for clients involved in human rights abuses, corruption and drug trafficking, according to newspaper reports based on leaked data on more than 18,000 accounts that together held more than $100 billion.An anonymous whistle-blower gave the information to German newspaper Sueddeutsche Zeitung, which shared the data with a nonprofit journalism group and dozens of other news organizations worldwide. The data covers accounts opened from the 1940s
Credit Suisse was plunged into a dirty money scandal on Monday after media outlets reported the Swiss bank had managed accounts for human rights abusers, fraudsters and businessmen who had been placed under sanctions. The Panama Papers-style investigations were published on Sunday and come as Credit Suisse, which denies any wrongdoing, tries to shake off a series of risk-management scandals and a 1.6 billion Swiss franc ($1.75 billion) loss in 2021 that has pummelled its stock.