Egypt’s economic outlook remains positive, backed by tourism, natural gas: Credit Suisse
Weak FDI, reliance on hot money, inflation still challenging
Latest in Tag: Credit Suisse Highlight
Latest in Tag: Credit Suisse
Credit Suisse, HSBC reportedly arranging $700m loan for EEHC
HSBC and Credit Suisse are reportedly arranging a syndicated loan of up $700m for the Egyptian Electricity Holding Company (EEHC), Reuters reported on Wednesday. According to the news agency’s sources, the loan, which may involve other banks, will be guaranteed by the Finance Ministry. It will have a grace period of five years, and is …
Credit Suisse offices searched in tax evasion probe
In an internationally coordinated investigation, authorities in five countries searched offices of Swiss banking giant Credit Suisse. Prosecutors are investigating tax evasion by the bank’s clients.Swiss bank Credit Suisse has been dragged into yet more tax evasion and money laundering investigations, after a tip-off to Dutch prosecutors about 55,000 suspect accounts triggered raids in five …
The transformation and decline of Deutsche Bank
Shares of Deutsche Bank and Credit Suisse have been dropped from the prestigious Stoxx Europe 50 share index. Is European banking in decline? And if so, what are the factors that led to its current parlous state?