Tag #Credit Suisse

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theguardian.com

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Jun 13, 07:12

Credit Suisse Ignored Warnings on Greensill, Contributing to Bank's Collapse

A Finma report reveals that Credit Suisse executives ignored repeated warnings about their dealings with Greensill Capital, starting in 2018, ultimately contributing to Credit Suisse's collapse in 2023 and causing significant investor losses; the report was released as part of a London court trial.

Credit Suisse Ignored Warnings on Greensill, Contributing to Bank's Collapse

A Finma report reveals that Credit Suisse executives ignored repeated warnings about their dealings with Greensill Capital, starting in 2018, ultimately contributing to Credit Suisse's collapse in 2023 and causing significant investor losses; the report was released as part of a London court trial.

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What specific actions and failures by Credit Suisse executives directly contributed to the financial losses and subsequent collapse of the bank, and what were the immediate consequences?

Credit Suisse executives ignored repeated warnings about their dealings with Lex Greensill's firm, Greensill Capital, as early as 2018, ultimately contributing to the bank's collapse in 2023 and causing significant losses for investors. A Finma report details anonymous messages raising concerns about Greensill's character and the risky strategy of managing $10 billion in client funds.

dw.com

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May 13, 10:11

Argentina Opens Archives, Exposing Post-War Nazi Activity

The Argentinian National Archives released over 1850 digitized documents detailing post-WWII Nazi activities in Argentina, including information on Mengele and Eichmann, sparking a new investigation into the financing of Nazi escapes and potential government complicity.

Argentina Opens Archives, Exposing Post-War Nazi Activity

The Argentinian National Archives released over 1850 digitized documents detailing post-WWII Nazi activities in Argentina, including information on Mengele and Eichmann, sparking a new investigation into the financing of Nazi escapes and potential government complicity.

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What are the potential long-term implications of uncovering evidence of Argentinian state involvement in aiding Nazi war criminals?

The ongoing investigation into the Credit Suisse's potential role in financing Nazi escapes to Argentina could reveal previously unknown levels of complicity. Further analysis of newly accessible documents from Argentinian government ministries and the central bank could expose the use of public funds to aid Nazi war criminals, highlighting a potential systemic issue of state-sponsored assistance. The long-term impact could include further legal actions and a reassessment of Argentina's role in the post-war era.

bbc.com

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Apr 18, 16:12

Former Credit Suisse CEO to Run for Ivory Coast President

Tidjane Thiam, former Credit Suisse CEO and PDCI candidate, will contest Ivory Coast's presidential election in October, facing a challenge due to his long absence from the country and past controversies, while incumbent Alassane Ouattara is likely to seek re-election despite prominent rivals being ...

Former Credit Suisse CEO to Run for Ivory Coast President

Tidjane Thiam, former Credit Suisse CEO and PDCI candidate, will contest Ivory Coast's presidential election in October, facing a challenge due to his long absence from the country and past controversies, while incumbent Alassane Ouattara is likely to seek re-election despite prominent rivals being ...

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What are the immediate implications of Tidjane Thiam's candidacy for the upcoming Ivorian presidential election?

Tidjane Thiam, former CEO of Credit Suisse, will run for president of Ivory Coast. He's the sole candidate for the PDCI opposition party, requiring a robust campaign given his two-decade absence from the country. His candidacy is notable due to his international business career and familial political connections.

theglobeandmail.com

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Feb 4, 16:11

UBS Shares Fall 6 Percent Amid Concerns Over Stricter Swiss Capital Rules

UBS shares dropped as much as 6 percent on Tuesday despite exceeding fourth-quarter profit expectations, due to CEO Sergio Ermotti's warning about stricter Swiss capital rules that could impact the bank's buyback plans and future profitability, with a government proposal to be published in May.

UBS Shares Fall 6 Percent Amid Concerns Over Stricter Swiss Capital Rules

UBS shares dropped as much as 6 percent on Tuesday despite exceeding fourth-quarter profit expectations, due to CEO Sergio Ermotti's warning about stricter Swiss capital rules that could impact the bank's buyback plans and future profitability, with a government proposal to be published in May.

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How do the new Swiss capital rules impact UBS's financial strategies and future prospects?

The significant share price decrease connects to concerns over stricter Swiss banking regulations. UBS's planned share buybacks are contingent on no major changes to these rules, highlighting the potential impact of increased capital requirements on shareholder returns and future growth. Ermotti's comparison to the more lenient US banking regulations underscores this concern.

welt.de

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Jan 8, 13:08

Credit Suisse Archive Yields Evidence of Nazi-Era Asset Concealment

Neil Barofsky's investigation of Credit Suisse archives from June 2021 to December 2022, and again since December 2023, uncovered 23 documents related to 13 individuals with known Nazi ties out of a sample of 99 names, prompting a full scan of the archives.

Credit Suisse Archive Yields Evidence of Nazi-Era Asset Concealment

Neil Barofsky's investigation of Credit Suisse archives from June 2021 to December 2022, and again since December 2023, uncovered 23 documents related to 13 individuals with known Nazi ties out of a sample of 99 names, prompting a full scan of the archives.

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What specific evidence did Barofsky uncover in the Credit Suisse archives, and what are the immediate implications of his findings?

Neil Barofsky, an independent ombudsman, discovered evidence in Credit Suisse archives suggesting the bank withheld information about Nazi-era assets. His investigation of a sample of 99 names yielded 23 relevant documents, prompting a full scan of 3600 boxes of documents.

welt.de

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Dec 20, 13:12

Credit Suisse Collapse: Internal Mismanagement and Regulatory Failures Blamed

A Swiss parliamentary report blames Credit Suisse's 2023 collapse on internal mismanagement, citing 33.7 billion Swiss francs in losses and 39.8 billion francs in management bonuses over 12 years, while also criticizing ineffective regulatory oversight by FINMA and recommending stricter regulations ...

Credit Suisse Collapse: Internal Mismanagement and Regulatory Failures Blamed

A Swiss parliamentary report blames Credit Suisse's 2023 collapse on internal mismanagement, citing 33.7 billion Swiss francs in losses and 39.8 billion francs in management bonuses over 12 years, while also criticizing ineffective regulatory oversight by FINMA and recommending stricter regulations ...

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What were the key internal failures that led to the collapse of Credit Suisse, and what were their immediate consequences?

The Swiss parliamentary report concludes Credit Suisse's collapse was due to internal mismanagement, citing \"33.7 billion Swiss francs in losses and 39.8 billion francs in management bonuses paid over 12 years.\

dw.com

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May 14, 13:15

Argentina Opens Archives on Post-WWII Nazi Ties

Argentina has publicly released over 1,850 documents detailing its post-WWII ties to Nazi figures, including Josef Mengele and Adolf Eichmann, via its National Archives website; investigations are ongoing into the financial support for Nazi escape networks and potential state complicity.

Argentina Opens Archives on Post-WWII Nazi Ties

Argentina has publicly released over 1,850 documents detailing its post-WWII ties to Nazi figures, including Josef Mengele and Adolf Eichmann, via its National Archives website; investigations are ongoing into the financial support for Nazi escape networks and potential state complicity.

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What is the immediate impact of Argentina's release of over 1,850 documents detailing its post-World War II relationship with Nazi figures?

The Argentine government has publicly released over 1,850 documents detailing the country's post-World War II ties to Nazi figures. These documents, accessible via the National Archives website, include information on high-ranking Nazis like Josef Mengele and Adolf Eichmann, who escaped to Argentina. While some documents were declassified in 1992, their online availability is new.

dw.com

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May 9, 04:14

Argentina Opens Nazi Archives Online, Unveiling New Clues to Post-War Escape Routes

Argentina's National Archives has made 1,850 digitized documents on Nazi criminals available online, including information on Mengele and Eichmann, sparking new investigations into escape routes and potential state complicity, with the Simon Wiesenthal Center analyzing newly released documents from ...

Argentina Opens Nazi Archives Online, Unveiling New Clues to Post-War Escape Routes

Argentina's National Archives has made 1,850 digitized documents on Nazi criminals available online, including information on Mengele and Eichmann, sparking new investigations into escape routes and potential state complicity, with the Simon Wiesenthal Center analyzing newly released documents from ...

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How do the newly accessible Argentine government documents help uncover the financial mechanisms behind the escape of Nazi war criminals to Argentina?

The release of these documents is significant as it allows for further investigation into how Nazi war criminals entered and operated within Argentina after WWII. Researchers are exploring the documents for new insights into the financial networks that facilitated their escape, including potential links to the Credit Suisse bank.

dw.com

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Mar 25, 19:18

Argentina to Declassify Documents on Nazi Fugitives

Argentine President Javier Milei has ordered the declassification of documents detailing the activities of Nazi fugitives in Argentina after WWII, following requests from US senators and in line with his pro-Israel stance; the documents will include financial records and potentially implicate Swiss ...

Argentina to Declassify Documents on Nazi Fugitives

Argentine President Javier Milei has ordered the declassification of documents detailing the activities of Nazi fugitives in Argentina after WWII, following requests from US senators and in line with his pro-Israel stance; the documents will include financial records and potentially implicate Swiss ...

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What factors motivated President Milei to order the release of these documents?

President Milei's action responds to inquiries from U.S. Senator Chuck Grassley regarding Nazi assets in Credit Suisse. Milei's pro-Israel stance and recent visit to Israel, including the relocation of the Argentinian embassy to Jerusalem, provide context for this decision. The release of these documents could significantly impact investigations into the financial activities of Nazi fugitives.

welt.de

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Jan 8, 10:08

Credit Suisse Archive Reveals Evidence of Nazi-Era Asset Concealment

A review of Credit Suisse's archives by independent ombudsman Neil Barofsky revealed 23 documents linking 13 individuals with Nazi pasts to the bank, prompting a full archive scan and raising concerns about potential concealment of information regarding Nazi-era assets.

Credit Suisse Archive Reveals Evidence of Nazi-Era Asset Concealment

A review of Credit Suisse's archives by independent ombudsman Neil Barofsky revealed 23 documents linking 13 individuals with Nazi pasts to the bank, prompting a full archive scan and raising concerns about potential concealment of information regarding Nazi-era assets.

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How does this discovery relate to previous investigations into Swiss banks' involvement in Nazi-era financial crimes?

This discovery builds upon previous investigations into Swiss banks' handling of dormant accounts linked to Holocaust victims. The newly found documents, originating from Credit Suisse's 'Inf-Abteilung' (information department), reveal potential complicity in Nazi-era financial transactions and suggest a pattern of deliberate concealment of incriminating evidence.

sueddeutsche.de

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Dec 29, 19:08

EU Postpones Stricter Bank Regulations Amidst Lobbying Controversy

The EU postponed the implementation of stricter banking regulations (Basel 3) until January 2026 due to lobbying efforts by banks claiming competitive disadvantages against the US, despite an internal ECB analysis suggesting European banks face stricter rules.

EU Postpones Stricter Bank Regulations Amidst Lobbying Controversy

The EU postponed the implementation of stricter banking regulations (Basel 3) until January 2026 due to lobbying efforts by banks claiming competitive disadvantages against the US, despite an internal ECB analysis suggesting European banks face stricter rules.

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What are the immediate consequences of delaying the implementation of Basel 3 in the EU?

The EU postponed stricter capital rules for banks (Basel 3) to January 2026 due to banks claiming competitive disadvantages against the US. This delay follows a pattern of lobbying efforts highlighting alleged competitive disadvantages, supported by a study commissioned by the European Banking Federation.

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