Energy producers fear price controls will last beyond a temporary cap negotiated last week after a long-term “reasonable price provision” was included in a consultation paper.
Crown Prince Mohammed bin Salman is said to be weighing up a big investment in the troubled Swiss giant.
The struggling financial giant’s share price tumbled by 19 per cent after its long-awaited turnaround plan was revealed.
Credit Suisse will survive but with history as a guide,it should have known better. And as economic conditions worsen,it won’t be the only wealth titan left exposed.
Wild share price gyrations show the difficulty for Credit Suisse in managing the febrile confidence of investors as it rushes to devise a repair plan for its investment bank.
The board of Credit Suisse is in hot water and unfortunately for it the comparisons with the collapse of Lehman Brothers reflects on the level of fear surrounding the continued future of the Swiss bank.
Was last week’s near financial meltdown in the UK unique to that financial system or a warning signal to the rest of the world about what could be ahead?
Credit Suisse’s new chief has asked investors for less than 100 days to deliver a new turnaround strategy. Turbulent markets are making that feel like a long time.
Thomas Gottstein gained kudos early in his tenure after taking over in 2020 following a spying scandal,only to see his own reputation tainted.
Cocaine. Stashes of cash. A down-on-his-luck Bulgarian wrestler. The lurid details captivated the financial world,and now the historic verdict is in.
Babak Dastmaltschi has made billions for Credit Suisse catering to the needs of Russia’s super-rich. Now that lucrative run has come to a sudden standstill.