International Finance News and Updates – International Business Times, Singapore

Credit Suisse Gets Regulatory Approvals to Launch Wealth Banking Business in China

The expansion comes after the lender suffered worse-than-expected global wealth outflows of 92.7 billion Swiss francs ($98.29 billion) in the fourth quarter.

Mar 9, 2023

By Reuters

Global Consulting Giant McKinsey to Cut 2,000 Jobs After Aggressively Adding Headcount in Recent Years

McKinsey, meanwhile, confirmed that it is still hiring professionals for roles that directly deal with clients.

Feb 22, 2023

By Jacob J

Singapore's DBS, Southeast Asia's Largest Bank, Says Quarterly Profit Jumps 68%

DBS' annual profit soared 20% to a record S$8.2 billion.

Feb 13, 2023

By Reuters

What is Driving Cryptocurrency Solana's Surge? Altcoin Rises Nearly 60% in 7 Days

Solana, an altcoin which got nearly wiped out because of FTX's collapse, has gained nearly 60% of its value.

Jan 16, 2023

By Nandika Vinal Chand

Will Financial Armageddon Happen Via a US Default on Interest Payments? EXPLAINER

A Us government interest payment default, albeit unlikely, is termed as a potential financial Armageddon, that will throw the entire global economy into a tailspin.

Jan 14, 2023

By Jacob J

Goldman feels the heat in Asia as IPO engine slows

Goldman Sachs CEO Confirms Thousands of Jobs will be Cut Starting January - Report

Apart from cutting 4,000 jobs, the bank is also considering cuts to its bonus pool of up to 40 per cent, reports said.

Dec 30, 2022

By Jacob J

Goldman Sachs Lays Off 4,000 Employees; Revenue Outlook Bleak as Deals Market Shrinks

Goldman chief executive David Solomon has been vocal about economic headwinds the bank faced as deal making dried up.

Dec 17, 2022

By Jacob J

Investment Maven Warren Buffett's Berkshire Hathaway Runs Up $2.69 Billion Loss in 3rd Quarter; Here's Why

Buffett has been aggressive in insurance portfolios for decades but rising inflation and economic downturn have left a huge impact on the sector.

Nov 6, 2022

By Jacob J

More Staff Departures Hit Struggling Credit Suisse; Yves-Alain Sommerhalder is Latest to Leave

Sommerhalder, who has spent more than 20 years at Credit Suisse, was seen as responsible for ramping up the Swiss bank's Asia business.

Nov 1, 2022

By Jacob J

Saudi Arabian, Abu Dhabi Sovereign Wealth Funds Eyeing Investment in Scandal-Hit Credit Suisse

The Middle Eastern nations are looking to seal a deal ahead of October 27, taking advantage of the depressed value of Credit Suisse assets.

Oct 18, 2022

By Jacob J

Credit Suisse Looks to Sell Large Chunks of Domestic Assets to Raise Capital - Report

The Financial Times reported that the bank is looking to sell a stake in the SIX Group, a stake in Madrid-based tech company Allfunds, and the stakes in two specialist Swiss banks.

Oct 16, 2022

By Jacob J

Credit Suisse Shares Plunge as Legal Challenges Dent Recovery Plan

Shares dropped on news that the US Justice Department is investigating if Credit Suisse helped its US customers hide hundreds of millions of dollars.

Oct 13, 2022

By Jacob J

More Trouble for Credit Suisse; Manhattan Court Starts Trial in Forex Market Rigging Case

The lawsuit says Credit Suisse traders shared nonpublic pricing information with traders in other banks and colluded to fix prices in the foreign exchange market.

Oct 12, 2022

By Jacob J

Credit Suisse Shares Rise For 3rd Straight Day as PE Firms Show Interest in Buying Key Products Unit

Credit Suisse stock rose 3.7 percent to 4.61 Swiss francs on Monday, marking an 18 percent rise after dropping to its record closing low at the end of September.

Oct 10, 2022

By Jacob J

Credit Suisse Offers $3 Billion Debt Buyback to Shore Up Confidence, Shares Rise 7%

Credit Suisse said the buyback will allow it to take advantage of market conditions to repurchase debt at attractive prices.

Oct 7, 2022

By Jacob J

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A Democratic vs a Totalitarian State

By IBTimes SG Desk

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International Finance News and Updates – International Business Times, Singapore

Credit Suisse Gets Regulatory Approvals to Launch Wealth Banking Business in China

Global Consulting Giant McKinsey to Cut 2,000 Jobs After Aggressively Adding Headcount in Recent Years

Singapore's DBS, Southeast Asia's Largest Bank, Says Quarterly Profit Jumps 68%

What is Driving Cryptocurrency Solana's Surge? Altcoin Rises Nearly 60% in 7 Days

Will Financial Armageddon Happen Via a US Default on Interest Payments? EXPLAINER

Goldman Sachs CEO Confirms Thousands of Jobs will be Cut Starting January - Report

Goldman Sachs Lays Off 4,000 Employees; Revenue Outlook Bleak as Deals Market Shrinks

Investment Maven Warren Buffett's Berkshire Hathaway Runs Up $2.69 Billion Loss in 3rd Quarter; Here's Why

More Staff Departures Hit Struggling Credit Suisse; Yves-Alain Sommerhalder is Latest to Leave

Saudi Arabian, Abu Dhabi Sovereign Wealth Funds Eyeing Investment in Scandal-Hit Credit Suisse

Credit Suisse Looks to Sell Large Chunks of Domestic Assets to Raise Capital - Report

Credit Suisse Shares Plunge as Legal Challenges Dent Recovery Plan

More Trouble for Credit Suisse; Manhattan Court Starts Trial in Forex Market Rigging Case

Credit Suisse Shares Rise For 3rd Straight Day as PE Firms Show Interest in Buying Key Products Unit

Credit Suisse Offers $3 Billion Debt Buyback to Shore Up Confidence, Shares Rise 7%

A Democratic vs a Totalitarian State

A Democratic vs a Totalitarian State

Charting a Responsible Future: Malaysia's National Action Plan on Business and Human Rights 2025-2030

Charting a Responsible Future: Malaysia's National Action Plan on Business and Human Rights 2025-2030

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed