Trends - Greensill - Business Recorder

Greensill

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 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 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

Business & Finance

Liberty Steel to sell UK assets

LONDON: British-based steelmaker Liberty Steel on Monday launched a major restructuring to sell part of its UK ...

Published 25 May, 2021 04:40am

Business & Finance

Credit Suisse crisis worst yet for banking veteran Horta-Osorio

"Over three and a half decades, I have personally worked at and led several banks in different countries and have lived through many crises," the former Lloyds chief executive said during Credit Suisse's webcast annual general meeting.
"What has happened with Credit Suisse over the last eight weeks, with the US-based hedge fund and the supply chain finance funds matters, certainly goes beyond that."

Published 30 Apr, 2021 05:12pm

Markets

Credit Suisse board member quits after Archegos fiasco: bank

The Swiss bank said in a brief statement that Andreas Gottschling, the head of the board's risk committee, would not seek re-election at a general assembly.

Published 30 Apr, 2021 10:28am

Business & Finance

Credit Suisse to boost capital ahead of further Archegos hit

Its shares fell 5.7%, with analysts pointing to the further Archegos hit and dilution caused by the issuance announced on Thursday of bonds convertible into 203 million shares.
In response, the bank is cutting its prime brokerage business, which caters to hedge fund clients, by about a third.

Published 22 Apr, 2021 05:26pm

Business & Finance

Credit Suisse to return another $1.7bn to investors

Switzerland's second-largest bank, which suspended four funds linked to Greensill in early March, had already made a first repayment of $3.1 billion.

Published 13 Apr, 2021 04:35pm

World

Britain opens official probe into former PM Cameron's lobbying

The probe is likely to be independent and carried out on behalf of the Cabinet Office, the BBC said. Reuters has not been able to independently verify the reports.
In his first comments on the row on Sunday, Cameron said that in his representations to government he was breaking no codes of conduct and no government rules.

Published 12 Apr, 2021 06:26pm

World

Steel tycoon Gupta rules out bailout, UK closures

LONDON: Indian-British billionaire Sanjeev Gupta on Thursday ruled out a bailout or factory closures for his...

Updated 02 Apr, 2021 09:06am

Business & Finance

Credit Suisse aims to recoup most Greensill-linked fund assets

Investors in frozen funds to get more cash this month.
Swiss bank aims to recover most of funds' assets.
Shares rebound of slide on risk-management worries.

Published 01 Apr, 2021 08:03pm

Markets

Credit Suisse warns of 'significant' losses from exiting hedge fund positions

Credit Suisse said it would provide an update on the matter in "due course."

Published 29 Mar, 2021 11:08am

Business & Finance

Demise of financier Greensill sparks global jobs panic

LONDON: The collapse of British finance firm Greensill has sparked panic and threatened 50,000 jobs, in particular ...

Published 15 Mar, 2021 05:22am

Markets

Demise of financier Greensill sparks global jobs panic

Its demise has now created massive uncertainty for clients, who depended on its finance services to pay their bills and could now potentially default on payments and lead to further turmoil.

Published 10 Mar, 2021 12:21pm

Credit Suisse suspends supply chain finance funds

ZURICH / LONDON: The asset management arm of Zurich-based Credit Suisse said on Monday it has suspended redemptions...

Updated 02 Mar, 2021 09:41am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.94 ▲ 0.83 (11.67%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Masood Textile / Dec 18 Masood Textile Mills Limited(MSOT)	55 ▲ 5.00 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)
B.R.R. Guardian / Dec 18 B.R.R. Guardian Limited(BRRG)	21.24 ▲ 1.93 (9.99%)
LSE Financial Serv. / Dec 18 LSE Financial Services Limited(LSEFSL)	20.15 ▲ 1.83 (9.99%)
Sana Ind / Dec 18 Sana Industries Limited(SNAI)	36.89 ▲ 3.35 (9.99%)
Shadab Textile / Dec 18 Shadab Textile Mills Limited(SHDT)	25.45 ▲ 2.31 (9.98%)

Stock	Price
Askari Life Assur. / Dec 18 Askari Life Assurance Company Limited(ALAC)	5 ▼ -0.70 (-12.28%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Olympia Mills / Dec 18 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Service Textile / Dec 18 Service Industries Textiles Limited(SERT)	11.31 ▼ -1.22 (-9.74%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	737 ▼ -72.76 (-8.99%)
GOC (Pak) / Dec 18 GOC (Pak) Limited.(GOC)	66.10 ▼ -5.97 (-8.28%)
Gammon Pak / Dec 18 Gammon Pakistan Limited(GAMON)	50 ▼ -3.27 (-6.14%)
Bank of Khyber / Dec 18 The Bank of Khyber(BOK)	13.03 ▼ -0.82 (-5.92%)
EMCO Industries / Dec 18 Emco Industries Limited(EMCO)	33 ▼ -2.00 (-5.71%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▲ 0.02
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 1.54
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.01
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.11
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 1.63
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.92
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.49
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▲ 2.62
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▲ 0.09

Markets →

Budget 2024-25: income tax calculator for FY25

Greensill

Most Popular