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Credit Suisse

Credit Suisse denies wrongdoing

ZURICH/VIENNA: Credit Suisse was plunged into a dirty money scandal on Monday after media outlets reported the Swiss...

Published 22 Feb, 2022 04:43am

EU Parliament’s top group suggests blacklisting Switzerland

BRUSSELS: The main political grouping in the European Parliament called on Monday for a review of Switzerland’s...

Updated 22 Feb, 2022 09:34am

World

Leaks about Jordanian king's Swiss bank accounts misleading, says palace

AMMAN: Leaks about money held by Jordan's King Abdullah in accounts at Swiss bank Credit Suisse have "inaccurate, ...

Published 21 Feb, 2022 11:04pm

Pakistan

Credit Suisse leaks: secret wealth amounting to over $100bn 'revealed'

Dozens of media organisations publish results of coordinated investigations into a leak of data on thousands of accounts held there in previous decades

Updated 21 Feb, 2022 08:57pm

Markets

Credit Suisse denies wrongdoing after client data leaked to media

VIENNA: Credit Suisse said on Sunday it "strongly rejects" allegations of wrongdoing after dozens of media published...

Published 21 Feb, 2022 11:16am

Business & Finance

Credit Suisse ends 2021 in the red after turbulent year

ZURICH: Credit Suisse plunged into the red in 2021, shaken by the meltdowns at Greensill and Archegos that resulted...

Published 14 Feb, 2022 06:47am

Business & Finance

Credit Suisse flags weak 2022, ends a torrid year with $2.2bn quarterly loss

ZURICH: Credit Suisse on Thursday capped a scandal-ridden year with a $2.2 billion quarterly loss and said 2022...

Published 10 Feb, 2022 02:31pm

Markets

Credit Suisse vice chair faces opposition to re-election

ZURICH: Credit Suisse Vice Chair Severin Schwan faces opposition to his re-election to the board of the embattled...

Published 09 Feb, 2022 01:55pm

Markets

Credit Suisse hikes cash bonuses as talent war rages

ZURICH: Credit Suisse is boosting cash payouts for senior bankers, it told employees on Friday, as it tries to ...

Published 28 Jan, 2022 08:42pm

Business & Finance

Dollar hits two-weak peak as investors await Fed meeting

NEW YORK: The dollar rose to a two-week peak on Tuesday as tensions between Russia and the West over Ukraine drew...

Published 26 Jan, 2022 04:41am

Markets

Credit Suisse flags 500mn Swiss franc legal hit to Q4

ZURICH: Credit Suisse on Tuesday flagged roughly 500 million Swiss francs ($545.91 million) in litigation ...

Published 25 Jan, 2022 11:59am

Pakistan issues $1bn sukuk

Inflow would boost the country’s foreign exchange reserves and help arrest the rupee slide

Updated 25 Jan, 2022 09:23am

World

Credit Suisse faces more upheaval after chairman’s sudden exit

SINGAPORE/ZURICH: Credit Suisse will stick to its strategic overhaul despite the abrupt departure of its mastermind...

Published 18 Jan, 2022 04:20am

Markets

Credit Suisse chairman quits over COVID-19 breaches in latest setback

SINGAPORE: Credit Suisse Chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules, the...

Published 17 Jan, 2022 11:07am

Opinion

Work(out) from home: Pandemic fuels online exercise boom

Interactive comment sections and virtual reality headsets: internet-connected fitness gear and services have boomed...

Published 09 Jan, 2022 07:05am

Markets

Credit Suisse strikes deal to refer hedge fund clients to BNP Paribas

ZURICH: Credit Suisse said on Monday it had struck a deal to refer hedge fund clients to rival BNP Paribas following...

Published 08 Nov, 2021 02:12pm

Business & Finance

Credit Suisse Chairman Horta-Osorio says big investors back overhaul

ZURICH: Credit Suisse's big shareholders back the scandal-hit bank's new strategy, Chairman Antonio Horta-Osorio ...

Published 08 Nov, 2021 05:28am

Markets

Credit Suisse to tighten the reins after string of scandals

ZURICH/FRANKFURT: Credit Suisse will unveil a new centralised structure on Thursday in an attempt to bring its...

Published 03 Nov, 2021 11:19am

Business & Finance

Investor inquisition awaits Credit Suisse chairman after scandals

ZURICH: Credit Suisse's new chairman is expected to face a barrage of questions this week after a series of scandals...

Published 02 Nov, 2021 05:20am

Markets

Credit Suisse to present strategy update on Thursday

ZURICH: Credit Suisse Group's Investor Day on Thursday will provide an update on its group strategy review and...

Published 01 Nov, 2021 11:33am

Business & Finance

Credit Suisse gets first tranche under GFC Alliance debt revamp

ZURICH: Credit Suisse has received an upfront payment as part of GFG Alliance's debt restructuring deal for its...

Published 21 Oct, 2021 04:15pm

Business & Finance

Sanjeev Gupta's GFG Alliance strikes debt deal with Credit Suisse

LONDON: The GFG Alliance said on Sunday it had agreed a debt restructuring deal with Credit Suisse for its ...

Published 11 Oct, 2021 04:32am

Business & Finance

Credit Suisse shuffles Asia Pacific investment banking team

The changes come after Credit Suisse made 200 net hires in APAC, which includes China, in the first half of 2021, spokesperson says

Published 16 Sep, 2021 05:31pm

Markets

Yields rise with Fed's Powell speech in focus

The move higher may have been exacerbated by algorithmic traders selling Treasuries after the 10-year yields broke above their daily 200-day moving average.

Published 25 Aug, 2021 11:00pm

Markets

Deutsche Bank hires 3 Credit Suisse wealth management execs in SE Asia push

Urs Brudermann, at Credit Suisse for the past 11 years and most recently as team leader for Thailand, joins Deutsche's wealth management arm as managing director and group head of Southeast Asia, Deutsche said in a statement

Published 16 Aug, 2021 10:46am

Markets

Credit Suisse to pick risk experts after fund fiasco

Credit Suisse said it was proposing Axel Lehmann, a former executive at Swiss rival UBS, as chair of the risk committee. The Swiss is an adjunct professor at the University of St. Gallen

Published 13 Aug, 2021 02:31pm

Business & Finance

Credit Suisse repays another $400mn to Greensill-linked fund investors

The payout, originally announced with the bank's second-quarter earnings last week, is the fourth distribution so far and takes the total amount returned to the investors to roughly $5.9 billion

Published 06 Aug, 2021 06:08pm

Markets

Credit Suisse adds second banker in as many days in Australia

Credit Suisse also told its staff on Wednesday it had hired a new director for its Financial Institutions Group (FIG) unit

Published 05 Aug, 2021 11:43am

Markets

‘Extremely annoying’: Siemens Energy ups pressure on wind division

FRANKFURT: Siemens Energy cranked up the pressure on wind turbine division Siemens Gamesa on Wednesday, saying it ...

Published 05 Aug, 2021 04:34am

Markets

Credit Suisse 78% Q2 net profit slide shows Archegos hit

Excluding Archegos and other significant items, Credit Suisse said pre-tax income would have dropped 11%

Published 29 Jul, 2021 11:44am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 21	278.50
USD PKR Interbank Buying / May 21	278.30
USD to Japanese Yen / May 21	156.44
USD to Swiss Franc / May 21	0.91
Pound Sterling to USD / May 21	1.27
Euro to USD / May 21	1.09

Stock	Volume
S&P 500 / May 20	5308.13
Nasdaq / May 20	16794.88
Dow Jones / May 20	39806.77
India Sensex / May 21	73830.29
Tokyo Nikkei / May 21	39037.68
Hang Seng / May 21	19234.33
FTSE 100 / May 21	8383.95
Germany DAX 30 / May 21	18702.87

Item	Value
Gold 10 Grams PKR / May 20	214678
Petrol/Litre / May 21	273.10
Crude Oil USD/Barrel / May 21	79.32
Karachi Cotton PKR/37.32 KG / May 21	19935
Gold Spot USD/Ounce / May 21	2414
Diesel/Litre / May 21	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 21 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 21 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 21 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 21 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 21 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 21 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 21 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 21 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 21 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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