News for Credit Suisse Group AG (CS)

(Bloomberg) -- ViacomCBS Inc. investors who sued Morgan Stanley, Goldman Sachs Group Inc. and Wells Fargo & Co. for dumping the media company’s shares amid the collapse of Archegos Capital Management asked a judge for final approval of a $120 million settlement with the banks.Most Read from BloombergWhy Did Cars Get So Hard to See Out Of?How German Cities Are Rethinking Women’s Safety — With TaxisAdvocates Fear US Agents Are Using ‘Wellness Checks’ on Children as a Prelude to ArrestsThe trio wer

A federal judge ruled that a group of former Archegos Capital Management employees, including an analyst who worked closely with founder Bill Hwang, are owed $33 million for losses they suffered when the firm collapsed.

A former Credit Suisse Group AG banker who admitted to his role in a $2 billion fraud and money-laundering scheme avoided prison Wednesday after cooperating with the government.

When safe assets, such as gold and government bonds, take a hit, you really are in trouble. Find out more

(Bloomberg) -- A Brazilian-American businessman became the second former Credit Suisse Group AG client to plead guilty within the last week to hiding millions o...

Ex-Credit Suisse bankers pleaded guilty in corruption scheme back in 2019

(Bloomberg) -- It sounds too radical to even warrant a second thought. That President Donald Trump could force some of the US’s foreign creditors to swap their Treasuries into ultra long-term bonds to ease the country’s debt burden.Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’Airbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry

The idea forms part of Trump's agenda to revamp global trade via tariffs, weaken the dollar and ultimately reduce borrowing costs. Read on.

The team, assisting the Finance Minister to frame Budget proposals for 2025-26, include Revenue Secretary Tuhin Kanta Pandey, Economic Affairs Secretary Ajay Seth, Expenditure Secretary Manoj Govil, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla, Financial Services Secretary M Nagaraju, and Chief Economic Advisor V Anantha Nageswaran.

Archegos Capital Management CFO Patrick Halligan was sentenced to eight years in prison for defrauding banks ahead of and during the 2021 collapse of Bill Hwang’s $36 billion family office.

Sixth Street agreed to buy as much as $4 billion of consumer installment loans from buy-now, pay-later lender Affirm Holdings Inc., marking the financial-technology…

Archegos Capital Management founder Bill Hwang was ordered to spend 18 years in prison for fraud and market manipulation tied to the stunning 2021 collapse of his $36 billion family office, capping a case that riveted Wall Street. Hwang, 60, was sentenced Wednesday by US District Judge Alvin Hellerstein in…

Archegos Capital Management founder Bill Hwang was ordered to spend 18 years in prison for fraud and market manipulation.

(Bloomberg) -- Archegos Capital Management founder Bill Hwang should serve 21 years behind bars for fraud and market manipulation that led to his firm’s massive 2021 collapse, prosecutors recommended ahead of his sentencing next week.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion an

In the near future, Hong Kong and Singapore will overtake Switzerland as the world's largest wealth and asset management center. The world of big money is about to change. Rich, super-rich and ultra-h

Canada may not have had a big banking failure in years, but 'emerging clouds on the horizon' suggest changes are needed. Read on

Barron’s Best Fund Families: Ranked #3 for best fund family over the 1-year period ended 12/31/2023, among 49 qualifying fund families based on...

UBS AG Published its 2Q24 Financial Report

UBS reports 2Q24 net profit of USD 1.1bn with continued client momentum and integration progress (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)