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.
As a Swiss Abroad, how do you feel about the emergence of more conservative family policies in some US states?
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Should Switzerland take measures to support its struggling industries?
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Switzerland targets 65% cut in greenhouse gas emissions by 2035
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Switzerland has set an ambitious goal to cut its greenhouse gas emissions by at least 65% by 2035, compared to 1990 levels.
Switzerland cuts foreign aid to Albania, Bangladesh and Zambia
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This decision comes after the parliament allocated less funding for foreign aid in December than the government had requested.
Switzerland to end international adoptions by 2026
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Swiss citizens will no longer be able to adopt children from abroad. The government plans to halt these adoptions to prevent potential abuses.
Home ownership costs in Switzerland up by 2% in 2024
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Home ownership in Switzerland became slightly more expensive in 2024. Central Switzerland has the priciest single-family homes at CHF1.78 million.
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Six months into his tenure, Vice Chancellor Andrea Arcidiacono said he will leave the Federal Chancellery at the end of March.
Swiss Muslim campaigner faces defamation complaint
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The Vaudois Union of Muslim Associations continues its defamation complaint against Saïda Keller-Messahli for her remarks in Le Matin Dimanche.
DRC fighting: UN reports rape and relocates non-essential staff
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The UN has moved non-essential staff from Goma in the DRC, after M23 rebels entered on Monday. Reports of rape and looting have emerged.
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.