The Latest Breaking News from Greensill

Conservative MP Scott Benton has become the latest British politician to face suspension for breaking lobbying rules in what is becoming a regular cycle of scandals. Parliament’s committee on standards has recommended a 35-day suspension for Benton after he was alleged to have lobbied for the gambling industry and given…

Allies say former PM was desperate to return to government, having failed to find a role that fulfilled him outside politics

Zurich (AFP) - Credit Suisse predicted a surprise fourth-quarter pre-tax loss of up to $1.6 billion as the beleaguered bank undertakes a radical overhaul, sending stocks tumbling again on Wednesday.

Sanjeev Gupta-owned firm stands to win reprieve from creditors’ insolvency proceedings

Battered by a series of scandals, rumors of financial trouble and plunging shares, Credit Suisse is preparing "transformation plans" to restore confidence in the Swiss banking giant. Ulrich Koerner, who took over as chief executive in August, is due to present the strategic review on October 27, AFP said. With…

Zurich (AFP) - Battered by a series of scandals, rumours of financial trouble and plunging shares, Credit Suisse is preparing "transformation plans" to restore confidence in the Swiss banking giant.

Swiss bank’s plummeting share price has invited comparisons to the onset of the 2008 global financial crisis.

The Swiss banking giant is embroiled in a succession of financial scandals that now threaten its future.

Zurich (AFP) - Ulrich Koerner took over as Credit Suisse's chief executive on Monday with the mammoth task of revitalising Switzerland's second-biggest bank following a series of scandals.