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Switzerland's second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected a 1.5 billion Swiss franc ($1.6 billion ) fourth - quarter loss as it undertakes a massive strategic overhaul . The embattled lender last month announced a raft of measures to address persistent underperformance in its investment bank and a series of risk and compliance failures that have saddled it with consistently high litigation costs. related investing news As Coinbase shares slide, Morgan Stanley lists major firms with potential FTX exposure Ganesh Rao 3 hours ago The investment case for next-gen trading stocks like Coinbase and SoFi despite crypto contagion Tanaya Macheel 11 hours ago Here are Tuesday's biggest analyst calls: Apple, Amazon, Costco, Alphabet, Nvidia, Coinbase & more Michael Bloom 17 hours ago "These decisive measures are expected to result in a radical restructuring of...

One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The U.K. government on Friday announced extensive reforms to financial regulation that it says will overhaul EU laws that "choke off growth ." The package of 30 measures includes a relaxation of the rule that requires banks to separate their retail operations from their investment arms. This measure — first introduced in the wake of the 2008 Financial Crisis — would not apply to retail-focused banks. The government is also expected to review rules around the accountability of top finance executives — another post-2008 regulation. The Senior Managers Regime, introduced in 2016, means individuals at regulated firms can face penalties for poor conduct, workplace culture or decision-making. Changes announced in the package, dubbed the Edinburgh Reforms, also include...

The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images The Qatar Investment Authority is the second-largest shareholder in Credit Suisse after doubling its stake in the embattled Swiss lender late last year, according to a filing with the U.S. Securities and Exchange Commission. The QIA — Qatar's sovereign wealth fund — initially began investing in Credit Suisse around the time of the financial crisis. Now, it owns 6.8% of the bank's shares, according to the filing Friday, second only to the 9.9% stake purchased by the Saudi National Bank last year as part of a $4.2 billion capital raise to fund a massive strategic overhaul. Combined with the 3.15% owned by Saudi-based family firm Olayan Financing Company, around a fifth of the company's stock is now owned by Middle Eastern investors, Eikon data indicates. Credit Suisse will report its fourth-quarter and full-year earnings on Feb. 9, and has already proje...

One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The U.K. government on Friday announced extensive reforms to financial regulation that it says will overhaul EU laws that "choke off growth ." The package of 30 measures includes a relaxation of the rule that requires banks to separate their retail operations from their investment arms. This measure — first introduced in the wake of the 2008 Financial Crisis — would not apply to retail-focused banks. The government is also expected to review rules around the accountability of top finance executives — another post-2008 regulation. The Senior Managers Regime, introduced in 2016, means individuals at regulated firms can face penalties for poor conduct, workplace culture or decision-making. Changes announced in the package, dubbed the Edinburgh Reforms, also include...

Switzerland's second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse on Wednesday projected a 1.5 billion Swiss franc ($1.6 billion ) fourth - quarter loss as it undertakes a massive strategic overhaul . The embattled lender last month announced a raft of measures to address persistent underperformance in its investment bank and a series of risk and compliance failures that have saddled it with consistently high litigation costs. related investing news As Coinbase shares slide, Morgan Stanley lists major firms with potential FTX exposure Ganesh Rao 3 hours ago The investment case for next-gen trading stocks like Coinbase and SoFi despite crypto contagion Tanaya Macheel 11 hours ago Here are Tuesday's biggest analyst calls: Apple, Amazon, Costco, Alphabet, Nvidia, Coinbase & more Michael Bloom 17 hours ago "These decisive measures are expected to result in a radical restructuring of...