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Credit Suisse loses S'pore-based Asia deputy wealth head as departures mount

The Straits Times LogoThe Straits Times1 mo ago

Credit Suisse loses S'pore-based Asia deputy wealth head as departures mount - The Straits Times

Quick Summary:

October 05, 2022 1:49 PM - SINGAPORE - Credit Suisse Group's deputy wealth management head for Asia is leaving after about two decades with the bank, joining a wave of departures from the embattled firm.

That was accompanied by a spike in the cost to insure the bank's debt against default, which jumped to its highest ever before recovering.

Shares in the banking giant plummeted 12 per cent to an all-time low on Monday after a weekend of speculation about its financial health, before regaining almost all of the losses later in the day.


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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-10-05 @ 13:49:10 (1 months ago)

News Timezone: GMT +8:00

Ranking: #1701 (out of 3159 stories this day)

News Source URL: straitstimes.com

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 734897

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About The Straits Times

The Straits Times Logo

Main Topics: Economy

Official Website: straitstimes.com

Update Frequency: 18 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 42 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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The story "Credit Suisse loses S'pore-based Asia deputy wealth head as departures mount" was covered 1 months ago by The Straits Times, a news publisher based in Singapore.

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  • URL: https://beamstart.com/news/credit-suisse-loses-spore-based-16649520085715

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