EXCLUSIVE Credit Suisse weighs options to strengthen capital – sources

ZURICH, May 31 (Reuters) – Credit Suisse (CSGN.S) is in the early stages of weighing options to bolster its capital after a string of losses has eroded its financial buffers,…

FTC Shuts Down Credit Repair Pyramid Scheme Financial Education Services, Which Bilked More Than $213 Million from Consumers

The Federal Trade Commission has taken action against Financial Education Services and its owners, Parimal Naik, Michael Toloff, Christopher Toloff and Gerald Thompson, as well as a number of related…

Credit Suisse names new CEO to overhaul investment bank as losses mount

The Swiss bank has dubbed 2022 a “transition” year with a change of guard, restructuring aimed at curtailing risk-taking in investment banking, and bulking up of wealth management, while batting…