Shares in Credit Suisse plunged to a record low as the lender announced plans to borrow tens of billions of dollars from the Swiss central bank after it was rocked by fresh concerns over liquidity. The bank’s Zurich-listed stock dropped as much as 30% on Wednesday after a major shareholder ruled out further capital injections, prompting the Swiss National Bank […]

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Two senior members of Credit Suisse’s private banking team in Singapore have left, people familiar with the matter told Asian Private Banker.  Mavis Cheong and Mark Seow resigned last week, the people said. Cheong, an executive director, spent almost 13 years at the bank. Seow joined in 2017, having previously been with J.P. Morgan Private Bank and UOB. The two are […]

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A director in Credit Suisse’s China market team has resigned, Asian Private Banker can reveal, marking the latest departure from the Swiss bank’s wealth management unit. Connie Wing managed Chinese as well as some Hong Kong clients, according to people close to the matter. She reported to Luke Chiu, a former managing director and China market leader, who left the […]

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Credit Suisse said it would buy back about CHF3 billion of its own debt securities, as the Swiss lender sought to reassure investors concerned over its financial health. The bank said in a statement on Friday that it would make a cash tender offer in relation to eight euro- or sterling-denominated senior debt securities for a total of as much […]

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BNP Paribas Wealth Management (BNP Paribas WM) has hired a Credit Suisse China market leader following their departure from the Swiss bank, people familiar with the situation told Asian Private Banker. Luke Chiu, managing director and China market leader, will join BNP Paribas WM as market leader for Hong Kong, the people said. He will report to Lemuel Lee, Hong […]

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