When he joined in May 2021, Antonio Horta-Osorio, Credit Suisse’s new Chairman, went out and acquired $1.2 million worth of shares in the group. Showing ...
As Christmas and the New Year approaches, pour yourself a glass of Bailey’s (or perhaps something more expensive if you’re one of this year’s crypto ...
When he joined in May 2021, Antonio Horta-Osorio, Credit Suisse’s new Chairman, went out and acquired $1.2 million worth of shares in the group. Showing just how serious he was about the job. Less than 9 months later he was gone.
As Christmas and the New Year approaches, pour yourself a glass of Bailey’s (or perhaps something more expensive if you’re one of this year’s crypto winners) and look back at some of the winners and losers of 2021.
Every now and again, something happens in the banking sector that makes you amazed nobody is going to prison. Last week it was reported that the European Commission has fined four of the world’s largest banks for involvement in price fixing on the foreign exchange markets.
Baidu, Tencent and Vipshop were some of the Chinese stocks hardest hit, dropping 18%, 33% and 31% respectively last week according to CNN. How much of those drops was down to the Archegos disruption is hard to quantify, but it certainly didn’t help.
The $10 billion or so of assets that Greensill sourced for the bank’s clients is not a substantial amount of exposure, but it is still a problem Credit Suisse could do without.
Deutsche Bank in New York showed a different approach to the anxiety of junior staff by telling all employees they can keep working at home until July 2021.
n May 28th Muddy Waters posted on its’ site regarding GSX’s reply to its’ report that “GSX’s responses since consist largely of drivel, designed to obfuscate and lie. We maintain our view that GSX is a massive fraud – i.e., it is a nearly empty box. Making GSX’s denials even more farcical is that it openly recruits engineers to help it run bot farms, which we show in this report.“
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