Swiss bank Credit Suisse has sold its stake in a Spanish digital wealth platform as part of a strategic overhaul aimed at reviving its ailing fortunes.
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Credit Suisse vende su participación en plataforma española Allfunds
Credit Suisse took a stake in Allfunds in 2019, merging its InvestLab unit with the fintech to create a €500 billion digital funds distribution platform.
But the Swiss bank has since floundered amid a myriad of legal issues and huge market losses. New CEO Ulrich Körner has been charged with reviving the bank’s fortunes with a strategic re-think.
Credit Suisse has achieved one legal victory after a United States court cleared the bank of rigging prices in the foreign exchange markets.
The jury has cleared the bank of allegations of market fixing between 2007 and 2013.
“Credit Suisse is extremely pleased that the jury agreed with us that plaintiffs’ case had no merit,” the bank said in a statement on Friday.
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Credit Suisse prepares Swiss business sales to raise capital
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Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around CHF4.5 billion.
Swiss price watchdog slams excessive prices for generic medicines
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The cheapest generic medicines available in Switzerland are more than twice as expensive as in other countries, according to a study by the Swiss price watchdog.
Nature should not figure in net zero calculations: academic study
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The natural removal of CO2 from the atmosphere by forests or oceans should not be included in the net-zero balance of climate protection measures, argue researchers.
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None of the 15 major Swiss retail banks is meeting international climate and biodiversity targets, according to a ranking by WWF Switzerland.
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Nestlé's new CEO Laurent Freixe, has presented plans for the future of the world's largest food company, after his first few weeks in office.
Swiss foreign minister calls on Moscow to end Ukraine war
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It's high time Moscow ended its war against Ukraine, Swiss foreign minister Ignazio Cassis tells the UN Security Council.
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The only alternative to the UN Palestinian agency’s work in Gaza is to allow Israel to run services there, Philippe Lazzarini, UNRWA Commissioner-General, told reporters in Geneva on Monday.
Study reveals food culture differences between Switzerland and neighbours
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Three-quarters of Swiss people consider eating to be a pleasurable, social activity, a new survey reveals. Healthy eating, however, plays a much less important role, it found.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
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Credit Suisse prepares Swiss business sales to raise capital
This content was published on
Credit Suisse is preparing to sell parts of its Swiss domestic bank as it attempts to close a capital hole of around CHF4.5 billion.
Credit Suisse pays $495 million to settle legacy case
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Credit Suisse has agreed to pay $495 million to settle a case linked to its residential mortgage-backed security (RMBS) business.
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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.