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Credit Suisse Group AG (CSGN.SW)
- Reuters
Credit Suisse Group rating downgraded by S&P
ZURICH (Reuters) -Credit Suisse Group AG's credit rating has been downgraded to BBB from BBB+ by Standard & Poors, a blow for the Swiss bank which reported a first quarter loss and is facing increasing shareholder unrest following a string of scandals. Its outlook was changed to stable from negative, the rating agency said. Credit Suisse reported a first-quarter loss last month and launched a management overhaul after racking up billions in losses during 2021 from failed investments.
- Reuters
Credit Suisse says 'nothing has changed' since chairman endorsed CEO Gottstein
Citing people familiar with the matter, Bloomberg said the board has held early talks on removing Gottstein. Gottstein took on the top job in 2020 and has since steered the bank through a string of scandals.
- The Guardian
Sanjeev Gupta’s GFG faces insolvency fight after Credit Suisse ends debt talks
Sanjeev Gupta’s GFG faces insolvency fight after Credit Suisse ends debt talks. Companies in metals empire owe the Swiss investment bank more than $1bn
