Credit Suisse

CREDIT SUISSE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Credit Suisse Group AG - CS

Retrieved on: 
Wednesday, March 22, 2023
Court, NYSE, David Gal, District court, CS, KSF, Credit Suisse, Security (finance)

NEW ORLEANS, March 21, 2023 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 8, 2023 to file lead plaintiff applications in securities class action lawsuits against Credit Suisse Group AG (NYSE: CS), if they purchased the Company’s securities between March 10, 2022 and March 15, 2023, inclusive (the “Class Period”).

Key Points: 
  • NEW ORLEANS, March 21, 2023 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 8, 2023 to file lead plaintiff applications in securities class action lawsuits against Credit Suisse Group AG (NYSE: CS), if they purchased the Company’s securities between March 10, 2022 and March 15, 2023, inclusive (the “Class Period”).
  • These actions are pending in the United States District Court for the District of New Jersey.
  • If you purchased securities of Credit Suisse and would like to discuss your legal rights and how these cases might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-cs/ to learn more.
  • If you wish to serve as a lead plaintiff in the class action, you must petition the Court by May 8, 2023.

Credit Suisse Group AG (CS) Equity Alert: Contact Robbins LLP for Information Regarding the Credit Suisse Class Action   

Retrieved on: 
Tuesday, March 21, 2023
Lehmann, Reuters, Interview, ADS, Swiss Financial Market Supervisory Authority, CS, Person, Credit Suisse, Complaint, Financial Times, Risk, Credit, News, NYSE, Bloomberg Television, Security (finance), Cryptocurrency

What Now: Similarly situated shareholders may be eligible to participate in the class action against Credit Suisse.

Key Points: 
  • What Now: Similarly situated shareholders may be eligible to participate in the class action against Credit Suisse.
  • Shareholders who want to act as lead plaintiff for the class must file their papers by May 8, 2023.
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
  • On this news, Credit Suisse’s ADS price rose $0.29 per ADS, or 9.36%, to close at $3.38 per ADS on December 2, 2022.

Wolters Kluwer Compliance Solutions shares insights in response to Silicon Valley Bank and Signature Bank collapse

Retrieved on: 
Tuesday, March 21, 2023
Consulting, Banking, Professional Services, Finance, Federal Deposit Insurance Corporation, FCC, Federal, Senior advisor, Silicon Valley Bank, Risk management, Signature, Attention, Burniston, Wolters, Credit Suisse, Silicon, Acquisition, Federal Reserve, SVB, UBS, Federation, Signature Bank, First Republic Bank, Bank, Cryptocurrency

That’s according to a senior regulatory compliance expert at Wolters Kluwer Compliance Solutions .

Key Points: 
  • That’s according to a senior regulatory compliance expert at Wolters Kluwer Compliance Solutions .
  • “Identifying the root causes leading to the collapse of Silicon Valley Bank and Signature Bank is still very much a work in progress.
  • Significant, meaningful efforts are underway in the federal government to comprehensively investigate and review these failures and help avert additional problems,” said Timothy Burniston , Senior Advisor, Regulatory Strategy for Wolters Kluwer Compliance Solutions.
  • Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks, credit unions, insurers and securities firms.

CREDIT SUISSE AT1s: Pallas Partners forming Investor Group

Retrieved on: 
Tuesday, March 21, 2023
Banking, Legal, Professional Services, Finance, AT1, FINMA, UBS, Chairman of the Federation Council (Russia), Credit, Partner, Federal Council, Credit Suisse, Insurance, Security (finance), Pallas

Pallas Partners LLP (“Pallas”) is building a group of holders of Credit Suisse’s Additional Tier 1 Bonds (“AT1s”) wiped out at the weekend as part of the Swiss government-mandated takeover of Credit Suisse by UBS.

Key Points: 
  • Pallas Partners LLP (“Pallas”) is building a group of holders of Credit Suisse’s Additional Tier 1 Bonds (“AT1s”) wiped out at the weekend as part of the Swiss government-mandated takeover of Credit Suisse by UBS.
  • Pallas is holding an investor call at 4pm UK / 12pm NY on Wednesday 22 March 2023 to discuss the group and the litigation strategy.
  • Investors will be eligible to join the investor group if they held AT1s as at 17 March 2023, or hold AT1s at present.
  • Pallas’ investor group will take place at 4pm UK / 12pm NY on Wednesday 22 March 2023.

Crossover Markets Launches First-of-its-Kind Execution-Only Digital Asset Trading Venue CROSSx with Seed Round Financing from Flow Traders, Nomura's Laser Digital, Two Sigma, Wintermute Ventures, Gate.io and a Consortium of Retail Brokers

Retrieved on: 
Tuesday, March 21, 2023
Flow Traders, GMO Internet, Two Sigma, Nomura, Digital asset, Jefferies, GMO, Trust, Toxicity, Crossover, Credit Suisse, Electronic communication network, ECN, FX, Logic, Sigma, The Crossover, Ex Libris Group, Cryptocurrency, Financial services, Computer data storage, Pepperstone, Euronext

The firm's seed investment round was funded by a consortium of leading market participants in both traditional finance and digital assets.

Key Points: 
  • The firm's seed investment round was funded by a consortium of leading market participants in both traditional finance and digital assets.
  • The investors include Exness Ltd., Flow Traders, Gate.io, GMO Internet Group, Nomura's Laser Digital, Pepperstone, Think Markets, TMGM, Two Sigma and Wintermute Ventures.
  • As an execution-only trading venue provider, Crossover does not hold client funds, directly handle assets or carry counterparty risk.
  • Crossover was founded by industry veterans from traditional finance, bringing their experience to bear on digital assets.

Sumsub releases Travel Rule guide to help crypto businesses solve the compliance puzzle

Retrieved on: 
Tuesday, March 21, 2023
Professional Services, Business, Cryptocurrency, Finance, Asset Management, Fintech, Banking, Crypto, Checklist, The Complete Guide to Everything, KYB, KYC/AML, Risk management, Multimedia, KYT, Credit Suisse, VASP, AML, Acquisition, Ena/Vasp homology proteins, SVB, UBS, FATF, Travel, KYC, EU, Signature

View the full release here: https://www.businesswire.com/news/home/20230321005107/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230321005107/en/
    Sumsub releases Travel Rule guide to help crypto businesses solve the compliance puzzle.
  • (Graphic: Business Wire)
    The Complete Guide to the Crypto Travel Rule (2023) was prepared by Sumsub’s compliance team to provide an overview of the regulatory landscape regarding the Travel Rule.
  • It offers insights on how Travel Rule regulations are developing worldwide and how to build the process of Travel Rule verification to ensure compliance.
  • Prior to releasing this guide, Sumsub launched its Travel Rule solution for the crypto industry, offering a full compliance toolkit for the whole customer lifecycle.

Crossover Markets Launches First-of-its-Kind Execution-Only Digital Asset Trading Venue CROSSx with Seed Round Financing from Flow Traders, Nomura's Laser Digital, Two Sigma, Wintermute Ventures, Gate.io and a Consortium of Retail Brokers

Retrieved on: 
Tuesday, March 21, 2023
Flow Traders, GMO Internet, Two Sigma, Nomura, Digital asset, Jefferies, GMO, Trust, Toxicity, Crossover, Credit Suisse, Electronic communication network, ECN, FX, Logic, Sigma, The Crossover, Ex Libris Group, Cryptocurrency, Financial services, Computer data storage, Pepperstone, Euronext

The firm's seed investment round was funded by a consortium of leading market participants in both traditional finance and digital assets.

Key Points: 
  • The firm's seed investment round was funded by a consortium of leading market participants in both traditional finance and digital assets.
  • The investors include Exness Ltd., Flow Traders, Gate.io, GMO Internet Group, Nomura's Laser Digital, Pepperstone, Think Markets, TMGM, Two Sigma and Wintermute Ventures.
  • As an execution-only trading venue provider, Crossover does not hold client funds, directly handle assets or carry counterparty risk.
  • Crossover was founded by industry veterans from traditional finance, bringing their experience to bear on digital assets.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Credit Suisse Group AG (CS)

Retrieved on: 
Monday, March 20, 2023
Class Action Lawsuit, Professional Services, Legal, Defendant, Reuters, Interview, ADS, CS, Credit Suisse, Suite, Risk, Court, Credit, GPM, NYSE, News, Cryptocurrency

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming May 8, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS ) securities between December 1, 2022 and February 17, 2023, inclusive (the “Class Period”).

Key Points: 
  • Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming May 8, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS ) securities between December 1, 2022 and February 17, 2023, inclusive (the “Class Period”).
  • On February 9, 2023, Credit Suisse released its 2022 financial results, reporting customer outflows of 110.5 billion Swiss francs in the final three months of 2022.
  • On this news, Credit Suisse’s ADS price fell $0.56, or 15.6%, to close at $3.02 per ADS on February 9, 2023.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Credit Suisse Group AG (CS)

Retrieved on: 
Monday, March 20, 2023
Class Action Lawsuit, Professional Services, Legal, Defendant, Reuters, Interview, ADS, Telephone, Law, CS, Credit Suisse, Suite, Risk, Court, Credit, News, NYSE, Security (finance), Cryptocurrency

Law Offices of Howard G. Smith reminds investors of the upcoming May 8, 2023 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS ) securities between December 1, 2022 and February 17, 2023, inclusive (the “Class Period”).

Key Points: 
  • Law Offices of Howard G. Smith reminds investors of the upcoming May 8, 2023 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS ) securities between December 1, 2022 and February 17, 2023, inclusive (the “Class Period”).
  • Investors suffering losses on their Credit Suisse investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .
  • On February 9, 2023, Credit Suisse released its 2022 financial results, reporting customer outflows of 110.5 billion Swiss francs in the final three months of 2022.
  • On this news, Credit Suisse’s ADS price fell $0.56, or 15.6%, to close at $3.02 per ADS on February 9, 2023.

MUFG hires Robert Ellenbogen as senior credit analyst to enhance leveraged finance platform

Retrieved on: 
Monday, March 20, 2023
Mitsubishi UFJ Financial Group, MUFG, Mitsubishi Group, NYSE, Credit Suisse, Elbogen, Cryptocurrency, Financial services

NEW YORK, March 20, 2023 /PRNewswire/ -- Mitsubishi UFJ Financial Group (MUFG's) (NYSE: MUFG) announced today that it has hired Robert Ellenbogen to its Leveraged Finance team as a Managing Director and Senior Credit Analyst.

Key Points: 
  • NEW YORK, March 20, 2023 /PRNewswire/ -- Mitsubishi UFJ Financial Group ( MUFG 's) (NYSE: MUFG ) announced today that it has hired Robert Ellenbogen to its Leveraged Finance team as a Managing Director and Senior Credit Analyst.
  • Ellenbogen will be responsible for delivering industry and company-specific analysis to MUFG's Leveraged Finance Platform in support of deal origination, sales and trading, and investor connectivity, with a focus on the energy sector.
  • Joining MUFG on March 20, 2023, he will be based in New York and report to Todd Bondy, Head of Leveraged Trading.
  • Ellenbogen joins MUFG from Credit Suisse, where he was a Managing Director and High-Yield Strategist, and before then was part of their Leveraged Finance Origination and Restructuring group.