Massive leak reveals secret owners of £80bn held in Swiss bank Whistleblower leaked bank’s data to expose ‘immoral’ secrecy laws Clients included human trafficker and billionaire who ordered girlfriend’s murder Vatican-owned account used to spend €350m in allegedly fraudulent investment …
BY JOHN RUBINO Most of today’s big banks are, at their core, criminal entities. But the Swiss banks — with their cultural history of providing anonymous storage for the world’s ill-gotten gains — are arguably the worst of all. Here’s a book …
Credit Suisse to lay off New York employees as it shuts hedge fund division | Crain's New York Business https://t.co/w1HcJW32NG — Joshua (@Iucidcapital) January 5, 2022 I’m sure it’s fine….. Everything is fine, right guys?……. Guys?
It’s been a while since Wall Street banks recommended anything to do with either gold or gold stocks, but in a surprising reversal, last week one of Wall Street’s biggest bulls Credit Suisse said that the time has come to …
Credit Suisse Group AG’s legal woes are mounting following the collapse of supply chain finance group Greensill Capital, as Zurich prosecutors said they received a complaint related to the matter. https://www.bloomberg.com/news/articles/2021-04-23/credit-suisse-faces-zurich-criminal-complaint-over-greensill
New reports have Credit Suisse now admitting to over $7 billion (and counting) in losses from a bad $320 billion loan to family office Archegos when Credit Suisse bank was adamant only a few weeks ago that, at most, …
By Egon von Greyerz Bill Hwang, the founder of the hedge fund Archegos that just lost $30 billion, probably didn’t realise when he named his company that it was predestined for big things. Archegos is a Greek word which means leader …
https://www.bloomberg.com/news/articles/2021-03-29/credit-suisse-flags-potential-significant-loss-from-hedge-fund The article is linked above, we should dig more into this as news comes out and find out the exact causes. Apparently 20B in shares had to be sold, that just doesn’t happen left and right. This is …
https://www.bloomberg.com/news/articles/2019-01-25/credit-suisse-said-to-lose-60-million-after-canada-goose-trade Sold the stock at a $60 million loss after Canada arrested Huiwei ceo. Credit Suisse acted as an underwriter on the sale of 10 million shares by Canada Goose Holdings Inc. stockholders in late November. The offering was priced …
via Yahoo: Get out while you can. In a note to clients, analysts at Credit Suisse (CS) said they still expect 5% upside for the key global markets, but “advise selling developed markets into the rally rather than continuing to build positions.” …
via sputniknews: The arrested conspirators are said to be involved in a large-scale credit fraud that ruined the economy of Mozambique in 2016. Three former Credit Suisse Group bankers have been arrested in London in connection with a loan fraud scheme that ruined the …
XIV is an ETN offered by Credit Suisse to bet against volatility. The way XIV works is complicated, but it is very sensitive to front month VIX being much higher than the next month out. At market close XIV was …