Recent Posts

Suisse posts loss amid cost-cutting

  Bloomberg Credit Suisse Group AG Chief Executive Officer Tidjane Thiam signalled he’s confident in delivering planned cost cuts this year after a tumultuous first quarter sparked a second quarterly loss. The shares jumped. Switzerland’s second-biggest bank on Tuesday reported a loss of 302 million Swiss francs ($311 million) in the three months through March, compared with a profit of ...

Read More »

Santander seeks delay in RBS interest-rate swaps suit

  Bloomberg The owner of Banco Santander SA’s Madrid headquarters asked a London judge to delay a dispute with Royal Bank of Scotland Group Plc and other lenders who are seeking about 700 million euros ($798 million) from interest-rate swaps linked to the 1.9 billion-euro acquisition of the Ciudad Financiera complex. Marme Inversiones’ lawyer Richard Hill asked the judge to ...

Read More »

Ahli initiates dialogue on $250 million loan

  Reuters Qatar’s Ahli Bank has started talks to raise a $250 million three-year loan, banking sources maintained. The loan will be partially used to refinance an existing $200 million facility the bank signed in September 2014 and is due to mature next year, two of the sources said on condition of anonymity as the negotiations are private. One of ...

Read More »
Send this to a friend