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...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...As part of their claim, the investors have requested the disclosure of documents related to Finma’s decision, as well as Credit Suisse staff bonuses linked to the bonds called contingent capital awards....
...The Spac was helmed by Adam Gishen, Thiam’s top lieutenant at Credit Suisse, who served as chief executive....
...To get the merger approved, Capital One is making a case that there is little overlap between the two banks’ credit card businesses....
...US credit card lender by loans....
...out when Credit Suisse collapsed last year....
...Greensill’s supply chain financing loans to Gupta-linked and other companies were packaged into securities sold to Credit Suisse investors through a group of $10bn supply chain finance funds....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...UBS put the unit, which includes investment banking and brokerage services, up for sale after taking control of Credit Suisse when it collapsed last year....
...UBS put the business up for sale after taking control of Credit Suisse when it collapsed last year. It already has a securities unit in mainland China and cannot hold two licences....
...A post mortem by the Financial Stability Board found Swiss authorities would have been capable of shutting down Credit Suisse....
...an “implicit state guarantee” after it took over Credit Suisse....
...Less than a year after UBS’s rescue of Credit Suisse, just a handful of Credit Suisse senior managers remain at the enlarged Swiss bank, including former chief executive Ulrich Körner....
...The bank had paused its capital returns when it agreed to buy Credit Suisse last March....
...Credit Suisse failed due to its structurally unprofitable business model. Citigroup and Royal Bank of Scotland failed due to weak credit and market risk underwriting....
...In the letter, Kelleher and Ermotti said Credit Suisse failed because of a “broken business model” rather than a lack of capital....
...Because “FCI has a lot of capital put to work,” the suite of funds does not dabble in the individual policy market but, instead, “only purchase[s] portfolios of policies from existing investors . . . that...
...The capital return programme was paused when it acquired Credit Suisse. UBS slipped 3 per cent on Tuesday, but has risen almost 50 per cent since the rescue of Credit Suisse....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...At the start of 2023, Credit Suisse’s financial strength appeared bullet-proof. Its common equity tier one capital ratio exceeded 14 per cent, far above US regional bank Truist....
...The Swiss bank announced a new share repurchase programme on Tuesday, having suspended its previous plan a year ago following its rescue of former rival Credit Suisse....
...’s financial regulator Finma released its 84-page postmortem on Credit Suisse....
...to the turmoil created following the collapse of Credit Suisse one year ago....
...All told: a lot of capital, not enough deals, public markets rallying and becoming competitive — all that has created a pretty material tightening in private credit over the last couple months....
...The calls echo those made last month by Sergio Ermotti, chief executive of UBS, which agreed to rescue Credit Suisse in March....
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