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Greensill

Credit Suisse crisis worst yet for banking veteran Horta-Osorio
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
Credit Suisse to boost capital ahead of further Archegos hit
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
Britain opens official probe into former PM Cameron's lobbying
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