That' s the part of the bank "thatdeals with all the super-rich, veryimportant clients, the ones that really bring in the money for the bank. "“I have agreed with the Boardthat I will step down from my role as chief executive. In particular,we have grown our leading Wealth Management franchise, reenergised our GlobalMarkets business and pursued a bespoke regional approach to client coverage," Mr Thiam said in a statement about his resignation.Campaigners including Greta Thunberg want Federer to end a sponsorship deal with Credit Suisse. It undoubtedly disturbed Credit Suisseand caused anxiety and hurt. "As other banks have been doing for some time, Credit Suisseis introducing negative interest rates for clients with veryhigh Swiss franc cash holdings," Credit Suisse said on Friday.He added: “I had no knowledge of theobservation of two former colleagues. More Headlines » Dividend Growth History

Credit Suisse CEO Tidjane Thiam has resigned after acknowledging that two spying scandals last year had "disturbed" the Swiss bank. The report also said that reported share of moratorium loans dropped across private banks to 10-25% as of June 2020 versus 30-70% in April 2020. "Credit Suisse later admitted to also tailing its former human resources head Peter Goerke, which has prompted an investigation by Swiss financial watchdog FINMA.Many of those on the list found in Argentina may have had cash stolen from Jewish victims.The new rules take effect from 1 January for individualcustomers and 15 November for business customers.Tidjane Thiam's departure was to protect the bank's reputation, Credit Suisse's chairman says.It was a year of unrest and upheaval, with protests in Hong Kong, and US-China trade tensions.Private detectives were hired to track the Swiss bank's former head of wealth management, Iqbal Khan in September, in a scandal that has rocked the normally staid world of Swiss banking.

"But a lot of people have pointed out that Mr Thiam was very close to the chief operating officer," said Mr Jones.There was no indication chief executive Tidjane Thiam, who had fallen out with Mr Khan, knew about the surveillance.Credit Suisse rival UBS in July saidit would charge a -0.75% rate on deposits above 2 millionfrancs, while Postfinance charges fees to private customers withbalances above 500,000 francs.He explained that Mr Khan, at 43, was a " really important figure" in the bank and "very young".Private detectives were hired to track the Swiss bank's former head of wealth management. The registered shares (CSGN) of Credit Suisse AG's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Thiam said he was proud of what his team had accomplished during his tenure.

Shares of Asian Paints ended up 3.8% at Rs 1,748 after rising 7.7 per cent intraday.Indian IT services are well-managed and have strong fundamentals, says Neelkanth Mishra, India Equity Strategist.What makes Credit Suisse bu...Axis Bank Ltd., India’s third-largest private sector lender, has picked advisers including BNP Paribas SA and Credit Suisse Group AG to manage its proposed share sale, according to people familiar with the matter.The report said that reported share of moratorium loans dr...Goldman Sachs said any investment from a global tech company such as Google could potentially make it easier for Vodafone Idea to raise capital in the future.The international brokerage has left the rating unchanged at ‘neutral'.The telecom sector was an outlier as most sectors remained non-operational for most of the June quarter due to pandemic-induced lockdown.‘The quantum of loss that will percolate down to the financial system is unknown at this stage’Gottstein, who took over as CEO in February, wants to generate approximately 400 million francs in annual savings from 2022 onwards through the revamp.Hunt for the brightest engineers in IndiaAccording to Monday's note, Ji...New food businesses and Starbucks are long term prospects for Tata ConsumerThe government’s direct cash transfer program and higher minimum support prices for agriculture produce augurs well for the rural income, a major positive for Escorts.Matta has 30 years of industry experience across wealth management.​Stablecoins -- or tokens pegged to other assets that are designed to be less volatile -- have seen an increase in usage in certain corners of the market.This year’s biggest funding deals included Beyond Meat rival Impossible Foods Inc., which raised $500 million to support expansion of its vegan burgers, and Swedish oat-milk maker Oatly AB, which raised $200 million this month in a deal backed by Blackstone Group Inc. that values the company at $2 billion. We have turned Credit Suisse around. Sources said that HR processes at the bank continue as normal, with communications taking place by video and audio call instead of face to face. Credit Suisse will startcharging wealthy clients with large cash deposits in Swissfrancs, the latest Swiss bank to pass on negative interest ratesto customers.Credit Suisse boss Tidjane Thiam has resigned after over four years with the bank following a spying scandal.Sam Jones, the Financial Times correspondent covering the story in Zurich, told BBC Radio 4's Today programme that the bank's chairman had been "emphatic" yesterday that the chief executive did not know.

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