European banks

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US court drops Libor rate-rigging charges against ex-UBS trader
Judge dismisses case against British former trader Tom Hayes, who was jailed over interest rate scandal

Jasper Jolly

31, Oct, 2022 @12:35 PM

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Credit Suisse to cut 9,000 jobs and seek billions in new investment
Shake-up aims to draw line under series of scandals and new £3.5bn loss at Swiss bank

Kalyeena Makortoff

27, Oct, 2022 @10:49 AM

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Barclays profits soar past forecasts to reach £2bn on back of rising interest rates
Results will further fuel calls for the government to tax banks’ excess earnings

Kalyeena Makortoff Banking correspondent

26, Oct, 2022 @11:56 AM

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Credit Suisse puts Zurich hotel up for sale in urgent liquidity dash
Ailing Swiss bank’s share price has collapsed after being hit by series of crises

Rupert Neate Wealth corresponent

06, Oct, 2022 @2:20 PM

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Cost of insuring against Credit Suisse defaulting reaches record high
Investors rush to buy credit default swaps as worries grow over solidity of bank’s balance sheet

Ben Butler and agencies

03, Oct, 2022 @6:23 PM

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UK facing 1970s-style balance of payments crisis under Liz Truss
Tax cuts and spending pledges could alarm global markets and trigger a 30% collapse in sterling, Deutsche Bank warns

Graeme Wearden

05, Sep, 2022 @4:25 PM

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Credit Suisse weighs up 5,000 job cuts as part of restructuring plan
Proposals involve scaling back the investment bank and reducing more than $1bn in costs

Kalyeena Makortoff Banking correspondent

02, Sep, 2022 @11:48 AM

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Credit Suisse chief executive resigns after turbulent two years
Thomas Gottstein steps down in latest high-level departure and will be replaced by Ulrich Körner

Kalyeena Makortoff Banking correspondent

27, Jul, 2022 @9:40 AM

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Deutsche Bank HQ in Frankfurt raided over suspected money laundering
Officers from financial regulator, federal police and public prosecutor raid Germany’s largest lender

Kalyeena Makortoff

29, Apr, 2022 @1:57 PM

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Credit Suisse issues profit warning caused by jump in legal costs
The bank, beset by a string of controversies, has put aside an extra 600m Swiss francs for unspecified cases

Kalyeena Makortoff Banking correspondent

20, Apr, 2022 @12:27 PM

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Oligarch linked to billions in 27 Swiss bank accounts in sister’s name
Leaked documents raise questions over financial relations between relatives of billionaire ex-Arsenal shareholder Alisher Usmanov

Kalyeena Makortoff and Simon Goodley

22, Mar, 2022 @5:02 PM

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British MPs urge global banks to close Russian offices ‘without delay’
Labour’s Margaret Hodge says banks including Deutsche Bank, HSBC, JP Morgan and Credit Suisse have ‘moral duty’ to exit quickly

Kalyeena Makortoff Banking correspondent

06, Mar, 2022 @3:15 PM

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