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US

Justin Blau went from Credit Suisse analyst to world-renowned DJ to Web3 startup exec by the age of 30. Here’s how the CEO of the a16z-backed marketplace is trying to shake up the music industry.

Justin Blau, also known as DJ 3LAU, is the cofounder and CEO of Web3 startup Royal. The platform allows fans to buy tokenized royalties of their favorite artists’ songs or albums. Out of the $42 billion in annual revenue generated by the music industry, 12% goes to artists. In his high school yearbook, Justin Blau’s […]

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Finance

A new CEO for Credit Suisse

Walmart profit warnings shine a light on disparities in US consumer behaviour, the International Monetary Fund slashes its global growth forecast, and Argentines are scrambling to exchange their pesos for dollars on the black market. Subscribe to the FT News Briefing on Apple Podcasts or Spotify Mentioned in this podcast: Credit Suisse set to name […]

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Business

Credit Suisse vows to overhaul its risk management after a litany of scandals

A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse has vowed to forge ahead with its risk management and compliance overhaul in light of a string of scandals, despite what its CEO called […]

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Science

Credit Suisse sticks to strategic overhaul despite “challenging” environment

The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register BERLIN, June 28 (Reuters) – Credit Suisse (CSGN.S) is sticking to its plans to overhaul strategy and bolster risk management despite challenges […]

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Science

Credit Suisse, UBS well-placed to handle challenging environment -SNB

A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse Register now for FREE unlimited access to Reuters.com Register ZURICH, June 16 (Reuters) – Both Credit Suisse (CSGN.S) and UBS (UBSG.S) are well-placed to face the more challenging current environment thanks to improved capital, the Swiss National Bank […]

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Technology

Credit Suisse is more upbeat on Apple’s supply chain recovery than Android’s

Apple opened its 54th flagship store in Greater China in the city of Wuhan in May. The iPhone company warned in late April that supply chain disruptions from China’s Covid controls would likely hurt sales in the current quarter by $4 billion to $8 billion. Sopa Images | Lightrocket | Getty Images BEIJING — Apple’s […]

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UK

Norway’s wealth fund backs calls for special audit at scandal-hit Credit Suisse

The world’s largest sovereign wealth fund has backed calls for a special audit at Credit Suisse and warned it would not absolve executives and board members from blame over multiple scandals as pressure grows on the Swiss lender to revamp its senior management. Norway’s $1.3tn oil fund, which is a top-15 shareholder in Credit Suisse […]

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UK

Norway Wealth Fund Votes for Special Audit of Credit Suisse

April 24, 2022, 8:23 PM Norway’s wealth fund this weekend voted in favor of a special audit of Credit Suisse Group AG management as pressure mounts on the troubled lender. The world’s largest sovereign wealth fund, one of the largest shareholders in the bank, voted against absolving the board and senior management of responsibilities linked […]

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Business

Credit Suisse faces fresh scrutiny over culture after client data leaks

The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters LONDON — Credit Suisse is facing fresh scrutiny from Swiss regulators and the European Parliament after leaked data purported to show the bank had served human rights abusers, corrupt politicians and businessmen under […]

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Business

Tesla climbs more than 10% on Monday after Credit Suisse upgrade

A Tesla mobile service vehicle outside a dealership in Vallejo, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Shares in electric vehicle maker Tesla climbed more than 10% closing at $936.72 on Monday after Credit Suisse upgraded the stock to “outperform” and the broader market rebounded. Tesla had […]