Credit Suisse

Pick me (and only me), Alibaba and told banks has hired two banks to handle its initial public offering. Photo: Reuters

Top investment banks have been forced to choose between two important clients - bitter rivals Alibaba and the mainland's largest e-commerce firms.

Both companies are planning to list in New York.

Tuesday, 21 April, 2015, 11:26am 2 comments

Alibaba in no rush to float in Hong Kong this year

Jack Ma's main concern is about the control of Alibaba. Photo: AFP

Alibaba Group may postpone its potential HK$100 billion listing plan to 2015 if the mainland's top e-commerce firm cannot get a deal done in Hong Kong this year. 

13 Sep 2013 - 7:51am 1 comment

EU charges banks with blocking exchanges from derivatives market

The European Commission’s latest move against 13 top investment banks could result in heavy fines. Photo: AFP

EU watchdogs have charged 13 top investment banks with blocking exchanges’ access to the lucrative credit derivatives market, hitting the sector with the latest in a growing list of regulatory headaches.

2 Jul 2013 - 1:01pm

Credit Suisse opts to groom wealth managers

The Swiss bank has been flooded with applications by graduates.

Private banking giant Credit Suisse may have surprised some of its competitors with a move to hire fresh graduates for its wealth management business - a division in which staff loyalty has become a thorny issue.

27 May 2013 - 5:02am 1 comment

Whatever their reputation, people still want to be bankers

Andrew Sheng, former chairman of the Hong Kong's Securities and Futures Commission. Photo: May Tse

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People say the reputation of the financial industry has been badly damaged in the five years since the 2008 global economic crisis. But interest in a job in the industry has not faded, especially among the younger generation.

27 May 2013 - 8:09pm

Esprit shares fall sharply in Hong Kong after broker downgrades

Esprit is halfway through an HK$18 billion transformation programme aimed at reviving its fortunes. Photo: Bloomberg

The shares fell as much as 7.3 per cent in the morning before closing at HK$10.38, down 4.8 per cent on a day when the Hang Seng Index rose 0.86 per cent.

9 May 2013 - 4:39am

Credit Suisse beats forecasts, targets 2013 cash payout

Credit Suisse chief executive Brady Dougan says the Swiss banking giant is on track to beat core capital targets this year. Photo: SCMP

Credit Suisse’s quarterly earnings beat analysts’ expectations and the bank flagged a cash dividend for this year, as the restructuring of its investment banking division starts to bear fruit.

24 Apr 2013 - 3:35pm

German prosecutors probe Credit Suisse tax evasion

German prosecutors are investigating employees of Credit Suisse on suspicion of helping Germans evade taxes. Photo: AP

Analysts expect a further crackdown on banks and offshore tax havens after investigations were launched into employees and clients of Credit Suisse in Germany. The German investigations will not affect the Swiss bank's Asian operations and are separate from its Asian business, said a Credit Suisse spokesperson.

20 Apr 2013 - 5:42am

Trying to bank on trust

Urs Rohner originally trained in law, having worked as a lawyer for financial institutions for the first 15 years of his career. Photo: May Tse

"If you can't trust a Swiss banker, what's the world coming to?" said Pierce Brosnan, playing James Bond in The World Is Not Enough.

8 Apr 2013 - 5:38am

Credit Suisse trains sights on Asia's growing wealth

Urs Rohner, chairman of Credit Suisse. Photo: May Tse

Credit Suisse, the second-largest bank in Switzerland, will focus on developing its wealth management and investment banking businesses in Asia in the next few years to tap the region's rapidly growing prosperity.

8 Apr 2013 - 3:17am

Return of the shareholder

Credit Suisse is hoping a major overhaul will jolt the interests of shareholders and bankers back into alignment. Photo: Reuters

Credit Suisse Group chief executive Brady Dougan said pay for bankers was still outpacing shareholder returns, a dynamic that would change once the bank completed an overhaul of its business model.

21 Mar 2013 - 5:20am

Credit Suisse looks to sublet ICC office space

The ICC is the tallest building in Hong Kong. Photo: Sam Tsang

Property agents have revealed that the bank started looking for tenants a few months ago to occupy more than 60,000 square feet, or three floors of vacant office space at the International Commerce Centre (ICC) in West Kowloon.

30 Jan 2013 - 3:44am

Credit Suisse shares Operation Santa Claus joy

Credit Suisse (Hong Kong) officers (from left) Joseph Gallagher, Brian Tang, Nicole Yuen, Liza Green, and Christopher Tang, share presents with young patient Man Yin-fong at Pamela Youde Nethersole Eastern Hospital as part of Operation Santa Claus. Photo: Nora Tam

"Yay! Presents!" squeals Man Yin-fong, 5, as volunteers enter his hospital ward with trolleys of toys.

Yin-fong, who has been in hospital for a week because of blood vessel inflammation, bounces excitedly on his bed. Volunteers from Credit Suisse, led by the staff of Playright Children's Play Association, play "hospital bingo" with him and his neighbour on a bed.

3 Dec 2012 - 5:43am

Credit Suisse targets the richest of the rich in Asia

The main entrance of Credit Suisse in Zurich. The bank is ready to spend on its clients. Photo: Reuters

Global private banks always chase wealthy clients, but Credit Suisse has narrowed its quarry further - to the richest of Asia's rich.

22 Nov 2012 - 3:41am

All change in Credit Suisse revamp

All change in Credit Suisse revamp

Credit Suisse, the second-largest Swiss lender, has named Gael de Boissard co-leader of the investment-banking division and said it will merge asset management with the private bank to speed up cost-cutting.

21 Nov 2012 - 2:31am