(Correct spelling of name to Haefele from Heafele in 7th paragraph)
ZURICH Swiss Re has estimated its preliminary claims burden from Hurricane Ida at $750 million, the reinsurer said on Tuesday, while updating its loss estimate for the July floods in Europe to approximately $520 million.
ZURICH (Reuters) -Credit Suisse shareholders approved the appointment of two external risk experts to the board of directors, as Chairman Antonio Horta-Osorio reaffirmed his strategy to overhaul the Swiss bank.
ZURICH (Reuters) -Credit Suisse has appointed company veterans Nitesh Patel and Roger Senteler as interim co-heads of group internal audit, Switzerland's second-biggest bank told employees as it tries to recover from grave risk-management lapses.
ZURICH Switzerland proposed updated rules to ensure major banks hold enough liquidity to absorb shocks, but the draft changes will cost banks little or nothing in additional capital and liquidity holdings, government documents showed on Thursday.
By Silke Koltrowitz, Brenna Hughes Neghaiwi and Cecile Mantovani | Video
By Silke Koltrowitz, Brenna Hughes Neghaiwi and Cecile
ZURICH Credit Suisse has appointed Andreea Grob as its new market head in Israel following the departures of two top managers in the country, the bank told employees in an internal memo.
ZURICH Switzerland's economy is expected to grow by 3.2% this year, the government said on Thursday, lowering its full year outlook as a less sunny global picture limited Switzerland's recovery.