Read more Credit Suisse stories on Newserhttp://www.newser.com/taggrid/1740/credit-suisse.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 12:51:09 CSThttp://www.newser.com/story/44364/credit-suisse-cuts-5300-jobs-11-of-workforce.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSwitzerland’s second largest bank, Credit Suisse, is slashing 5,300 jobs—11% of its global workforce—after posting a $2.48 billion loss in the first two months of this quarter, reports the Wall Street Journal . Most of the cuts will come from its moribund investment banking unit as Credit...http://www.newser.com/story/44364/credit-suisse-cuts-5300-jobs-11-of-workforce.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 04 Dec 2008 6:30:00 CSThttp://www.newser.com/story/40111/swiss-offer-ubs-60b-bailout.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSwitzerland became the latest nation to shore up struggling banks, reports the Telegraph , as it bailed out UBS to the tune of $60 billion today. The Swiss central bank will offer UBS a capital injection of $6 billion in exchange for 9% of the company, and it will allow UBS...http://www.newser.com/story/40111/swiss-offer-ubs-60b-bailout.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 16 Oct 2008 6:46:00 CDThttp://www.newser.com/story/37859/global-stocks-surge-on-credit-market-moves.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWorld stocks jumped today on government measures to stop the credit-market meltdown and news that the US and the UK were getting tough on short sellers, Bloomberg reports. Deutsche Bank and Credit Suisse climbed 15% after four days of decline in Europe, while Australia’s Macquarie surged 38% after the US...http://www.newser.com/story/37859/global-stocks-surge-on-credit-market-moves.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 19 Sep 2008 4:33:00 CDThttp://www.newser.com/story/37467/10-banks-form-70b-fund-to-stave-off-crash.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTen of the world's largest banks have formed a massive liquidity fund to mitigate the effects of the Lehman Brothers meltdown, reports the Financial Times . All the investment banks will be able to borrow up to a third of the $70 billion fund in order to reduce volatility and stay...http://www.newser.com/story/37467/10-banks-form-70b-fund-to-stave-off-crash.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 15 Sep 2008 5:27:47 CDThttp://www.newser.com/story/36533/feds-charge-brokers-in-1b-subprime-fraud.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFederal regulators today charged two Wall Street brokers with defrauding their customers by making more than $1 billion in unauthorized purchases of securities tied to subprime mortgages. The Securities and Exchange Commission alleges the Credit Suisse Securities employees led corporate customers to believe that securities being purchased in their accounts...http://www.newser.com/story/36533/feds-charge-brokers-in-1b-subprime-fraud.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 03 Sep 2008 12:33:51 CDThttp://www.newser.com/story/34164/cuckolds-web-vendetta-wrecks-bankers-career.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe resignation last week of a top Wall Street banker, supposedly to “spend more time with his family,” was actually the result of a successful Internet vendetta by the cuckolded husband of a woman with whom Steve Rattner had had an affair. Rattner tells the New York Times his case...http://www.newser.com/story/34164/cuckolds-web-vendetta-wrecks-bankers-career.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 05 Aug 2008 10:59:40 CDThttp://www.newser.com/story/25511/credit-suisse-posts-21b-loss.html?utm_source=syn&utm_medium=rss&utm_campaign=tagCredit Suisse has announced it lost a mammoth $2.1 billion in the first quarter, reports the Financial Times. The Swiss banking group, which until recently appeared to have escaped the worst of the credit crunch, continued to post strong earnings from its private banking sector—but that wasn't enough...http://www.newser.com/story/25511/credit-suisse-posts-21b-loss.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 24 Apr 2008 4:39:06 CDThttp://www.newser.com/story/22647/clear-channel-buyers-sue-banks-over-soured-deal.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe two private-equity firms set to buy Clear Channel sued the group of banks they had engaged to fund the deal, the Wall Street Journal reports. Joined by Clear Channel, Bain Capital and Thomas H. Lee Partners accused the consortium—including Citigroup, Deutsche Bank, and Wachovia—of breaching contract by...http://www.newser.com/story/22647/clear-channel-buyers-sue-banks-over-soured-deal.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 26 Mar 2008 18:02:26 CDThttp://www.newser.com/story/22166/credit-suisse-warning-revives-rogue-trader-fears.html?utm_source=syn&utm_medium=rss&utm_campaign=tagInvestment banks got a brief lift from Wall Street results this week, but surprising reports from Credit Suisse are likely to send their confidence back into the basement, the Financial Times reports. The Swiss firm issued an unexpected first-quarter profits warning yesterday—and said “intentional misconduct” from its own traders...http://www.newser.com/story/22166/credit-suisse-warning-revives-rogue-trader-fears.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 21 Mar 2008 8:28:47 CDT