Credit Suisse loses $4.7bn in Archegos demise
Credit Suisse has confirmed that it will lose around $4.7bn from the collapse of Archegos Capital Management, a US-based family office.
Credit Suisse has confirmed that it will lose around $4.7bn from the collapse of Archegos Capital Management, a US-based family office.
As part of soft infrastructure, South Africa’s financial system is inherently fragile because its strength relies on ecosystems, institutional memory and sound regulation.
Is the worst over for the Barclays share price, as its profits jump on the back of fixed-income trading amid market volatility?
London-headquartered ICBC Standard Bank is the first company to enter a new type of plea deal with Britain’s Serious Fraud Office, a move which one lawyer called a “defining moment” in English criminal law.
The investment bank has paid a dividend since at least 1957, when it was re-established as a centrally managed financial institution.
Traders have latched onto worries about Glencore’s debt mountain, which have been amplified by concerned reports from investment banks Investec and Goldman Sachs.
Authorities in the US, Europe and Asia are pursuing bank traders around the globe, seeking evidence they conspired to fix financial benchmarks.
By Jonathan Burgos (Bloomberg) — Tencent Holdings Ltd. is poised for the biggest weekly advance in three years on analyst upgrades and speculation the addition of online banking and stockbroking will boost earnings at China’s second-biggest Internet company. Tencent is set for a 12 percent advance this week in Hong Kong, the steepest such gain … Read more
The New York banking regulator is investigating if Deutsche Bank and Barclays Plc used algorithms on their trading platforms to manipulate foreign exchange rates, a source with direct knowledge of the matter told Reuters.
U.S. bank JPMorgan retained its crown as the top performing investment bank in the first nine months of the year, having made revenue of $17.1 billion in the year-to-date, new data showed on Friday.