GenevaLunch » Credit Suisse http://genevalunch.com Community Newspaper Online Fri, 10 Feb 2012 14:57:55 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://creativecommons.org/licenses/by-nc-nd/3.0/ Copyright © GenevaLunch 2010 editor@genevalunch.com (GenevaLunch) editor@genevalunch.com (GenevaLunch) http://genevalunch.com/wp-content/plugins/podpress/images/powered_by_podpress.jpg GenevaLunch http://genevalunch.com 144 144 Community Newspaper Online GenevaLunch GenevaLunch editor@genevalunch.com no no Credit Suisse’s Q4 slide into the red worse than expected (update) http://genevalunch.com/blog/2012/02/09/credit-suisses-q4-slide-into-the-red-worse-than-expected-update/ http://genevalunch.com/blog/2012/02/09/credit-suisses-q4-slide-into-the-red-worse-than-expected-update/#comments Thu, 09 Feb 2012 08:02:58 +0000 Ellen Wallace http://genevalunch.com/?p=66440 GenevaLunch.com ZURICH, SWITZERLAND – Credit Suisse Thursday 9 February reported a net loss of CHF637 million for the fourth quarter of 2011, significantly worse than many analysts’ expectations, according to Bloomberg. Full-year figures remained in the black, with net income of CHF1.95 billion, but the profit was down by 62 percent, compared to a net profit of [...]

Credit Suisse’s Q4 slide into the red worse than expected (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/09/credit-suisses-q4-slide-into-the-red-worse-than-expected-update/feed/ 0 Swiss investigation into possible bank lending rate fixing is latest in a string http://genevalunch.com/blog/2012/02/04/swiss-investigation-into-possible-bank-lending-rate-fixing-is-latest-in-a-string/ http://genevalunch.com/blog/2012/02/04/swiss-investigation-into-possible-bank-lending-rate-fixing-is-latest-in-a-string/#comments Sat, 04 Feb 2012 09:57:41 +0000 Ellen Wallace http://genevalunch.com/?p=66271 GenevaLunch.com BERN, SWITZERLAND – Comco, Switzerland’s competition commission, has opened an investigation into more than 10 international banks and companies and the country’s two largest, UBS and Credit Suisse, for possible “collusion between derivative traders [that] might have influenced the reference rates Libor and Tibor. Furthermore, market conditions regarding derivative products based on these reference rates [...]

Swiss investigation into possible bank lending rate fixing is latest in a string © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/04/swiss-investigation-into-possible-bank-lending-rate-fixing-is-latest-in-a-string/feed/ 0 Didier Cuche, Sarah Meier win 2011 Swiss sports trophies http://genevalunch.com/blog/2011/12/12/didier-cuche-sarah-meier-win-2011-swiss-sports-trophies/ http://genevalunch.com/blog/2011/12/12/didier-cuche-sarah-meier-win-2011-swiss-sports-trophies/#comments Mon, 12 Dec 2011 11:47:42 +0000 Ellen Wallace http://genevalunch.com/?p=64627 GenevaLunch.com ZURICH, SWITZERLAND – Some like it cold: Switzerland’s male and female athletes of the year, awarded the titles by Credit Suisse, are winter sports specialists. Didier Cuche at age 37 is one of the longest-enduring top athletes in the country, still at the top of his ski form with World Cup titles in downhill and [...]

Didier Cuche, Sarah Meier win 2011 Swiss sports trophies © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/12/12/didier-cuche-sarah-meier-win-2011-swiss-sports-trophies/feed/ 0 Credit Suisse’s US offshore accounts to be moved onshore (update) http://genevalunch.com/blog/2011/11/25/credit-suisses-us-offshore-accounts-to-be-moved-onshore-update/ http://genevalunch.com/blog/2011/11/25/credit-suisses-us-offshore-accounts-to-be-moved-onshore-update/#comments Fri, 25 Nov 2011 13:00:19 +0000 Ellen Wallace http://genevalunch.com/?p=64008 GenevaLunch.com ZURICH, SWITZERLAND – US-based private clients of Swiss bank Credit Suisse will no longer be able to do offshore banking with the company, in a move that may signal one of the first steps by an international bank to deal with Fatca (Foreign Account Tax Compliance Act), new US financial regulations that are expected go [...]

Credit Suisse’s US offshore accounts to be moved onshore (update) © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/25/credit-suisses-us-offshore-accounts-to-be-moved-onshore-update/feed/ 1 Zurich banker to continue helping IRS: 5 year suspended deal http://genevalunch.com/blog/2011/11/21/zurich-banker-to-continue-helping-irs-5-year-suspended-deal/ http://genevalunch.com/blog/2011/11/21/zurich-banker-to-continue-helping-irs-5-year-suspended-deal/#comments Mon, 21 Nov 2011 08:43:19 +0000 Ellen Wallace http://genevalunch.com/?p=63703 GenevaLunch.com ZURICH, SWITZERLAND – Renzo Gadola, former UBS wealth management senior banker, was given a sentence of five year’s probation last week in Florida after he was earlier found guilty of helping wealthy Americans evade US taxes by hiding their assets in offshore accounts. It came out in a court document, “Motion for Downward Departure From [...]

Zurich banker to continue helping IRS: 5 year suspended deal © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/21/zurich-banker-to-continue-helping-irs-5-year-suspended-deal/feed/ 2 UBS gets new boss, Credit Suisse gets Moody’s warning http://genevalunch.com/blog/2011/11/15/ubs-gets-new-boss-credit-suisse-gets-moodys-warning/ http://genevalunch.com/blog/2011/11/15/ubs-gets-new-boss-credit-suisse-gets-moodys-warning/#comments Tue, 15 Nov 2011 07:14:25 +0000 Ellen Wallace http://genevalunch.com/?p=63534 GenevaLunch.com ZURICH, SWITZERLAND – UBS will have a new boss: Sergio Ermotti, 51, who has been the ad interim chief executive of Switzerland’s largest bank since 24 September, has been named to the post permanently, the bank announced Tuesday morning 15 November. He replaced Oswald Gruebel, called in to turn the bank around in February 2009, [...]

UBS gets new boss, Credit Suisse gets Moody’s warning © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/15/ubs-gets-new-boss-credit-suisse-gets-moodys-warning/feed/ 0 Zurich paper says Credit Suisse handing over 130 names http://genevalunch.com/blog/2011/11/13/zurich-paper-says-credit-suisse-handing-over-130-names/ http://genevalunch.com/blog/2011/11/13/zurich-paper-says-credit-suisse-handing-over-130-names/#comments Sun, 13 Nov 2011 20:25:43 +0000 Ellen Wallace http://genevalunch.com/?p=63483 GenevaLunch.com ZURICH, SWITZERLAND – Sonntagszeitung in Zurich has reported, citing an unnamed source, that Credit Suisse is handing over client data for 130 customers to the Swiss government, at the request of the American tax service, the IRS. The federal government, which has demanded that the bank turn over the names immediately, according to the Swiss [...]

Zurich paper says Credit Suisse handing over 130 names © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/13/zurich-paper-says-credit-suisse-handing-over-130-names/feed/ 0 US-Swiss tax deal commission clarifies new rules http://genevalunch.com/blog/2011/11/11/us-swiss-tax-deal-commission-clarifies-new-rules/ http://genevalunch.com/blog/2011/11/11/us-swiss-tax-deal-commission-clarifies-new-rules/#comments Fri, 11 Nov 2011 14:47:36 +0000 Ellen Wallace http://genevalunch.com/?p=63453 GenevaLunch.com BERN, SWITZERLAND – Americans who create offshore shadow companies or foundations, clearly to avoid taxes and with the active help of a Swiss bank, could see their financial information shared with the IRS even if the US tax authority cannot provide their names, if parliament accepts recommendations of the upper house foreign affairs commission. The [...]

US-Swiss tax deal commission clarifies new rules © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/11/us-swiss-tax-deal-commission-clarifies-new-rules/feed/ 2 Bobst to cut 420 jobs, mostly in Lausanne http://genevalunch.com/blog/2011/11/08/bobst-to-cut-420-jobs-mostly-in-lausanne/ http://genevalunch.com/blog/2011/11/08/bobst-to-cut-420-jobs-mostly-in-lausanne/#comments Tue, 08 Nov 2011 10:44:25 +0000 Ellen Wallace http://genevalunch.com/?p=63339 GenevaLunch.com Credit Suisse says its job cuts are mostly outside Switzerland LAUSANNE, SWITZERLAND – Machine tools manufacturer Bobst says it will cut 8 percent of its 5,300-strong workforce by 2013, as part of restructuring. Most of the 420 jobs that will be lost are in Lausanne while the company relocates some of its work. “Owing to [...]

Bobst to cut 420 jobs, mostly in Lausanne © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/11/08/bobst-to-cut-420-jobs-mostly-in-lausanne/feed/ 0 Credit Suisse, Kudelski cut jobs, ILO raises world job concerns http://genevalunch.com/blog/2011/11/01/credit-suisse-kudelski-cut-jobs-ilo-raises-world-job-concerns/ http://genevalunch.com/blog/2011/11/01/credit-suisse-kudelski-cut-jobs-ilo-raises-world-job-concerns/#comments Tue, 01 Nov 2011 09:07:14 +0000 Ellen Wallace http://genevalunch.com/?p=63052 GenevaLunch.com GENEVA / ZURICH, SWITZERLAND – Credit Suisse Tuesday 1 November confirmed weekend rumours that it is cutting jobs, saying it will reduce its global staff head count by 3 percent (some 1,500 jobs), while Kudelski in Lausanne announced it will cut 270 jobs, most of them in Switzerland. The ILO (International Labour Organization) in Geneva, [...]

Credit Suisse, Kudelski cut jobs, ILO raises world job concerns © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

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