Hints and tips:
...By 1990, Credit Suisse had bought a controlling stake in First Boston after the US business lost millions of dollars on the collapse of the junk bond market....
...Job moves Swiss financial regulator Finma has appointed outgoing European Central Bank director Stefan Walter as its new chief executive....
...The Swiss regulator is also facing the wrath of another group: current and former Credit Suisse staff who received a bonus that was similar to AT1s and therefore lost hundreds of millions of dollars in the...
...The law in Switzerland now requires full disclosure of such payments, under the Swiss Financial Services Act of 2020 (FinSA) which came into force in January 2022....
...Smart reads Crypto carcass Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the cryptocurrency exchange will recover the money Sam Bankman-Fried misappropriated...
...Kelleher enlisted Morgan Stanley to act as advisers to the board and begin to prepare the ground for a potential takeover....
...The dollar coming in is being used to pay the dollar going out. And in this case, they actually had — a great real business.”...
...“The problem was in 1999 he wanted to be CEO and I didn’t want to retire,” Weill told The New York Times in 2001....
...At around that time Souki, looking to raise cash, says he called a childhood friend and longtime financial adviser who had recently arrived at the wealth management arm of UBS....
...Blackstone is planning to borrow hundreds of millions of dollars to give its flagship private credit fund added investment firepower....
...Raine got its start in 2009, when, in the middle of the financial crisis, Sine and his co-founder Joe Ravitch ditched their respective employers UBS and Goldman to start their own business, crunching their...
...The bank has also paid hundreds of millions of dollars in regulatory fines to US authorities over the past 15 years....
...His portfolio is over 90 per cent public equities, with stakes in Microsoft, Meta and Swiss bank UBS. Returns for Bonde peaked in 2017, when his portfolio gained 148 per cent....
...As a deal adviser, Handler specialised in working with technology hardware companies at Bear Stearns and later UBS....
...UBS lent tens of millions of dollars to Tellurian, the listed company that Souki helped set up to pursue the venture....
...Swiss financial regulator Finma has investigated 12 lenders for their ties to Salameh, as well Salameh’s transfer of $153mn in Treasury bonds, which the bank in question reported to the Swiss public prosecutor...
...losses numbering in the millions”....
...provided more financial support....
...As a result, Carlyle raised just a few hundred million dollars for the new buyout vehicle, which has raised $14bn of a $22bn target since fundraising began in the autumn of 2021....
...Palihapitiya sold much of his personal stake in the company, which he acquired for a nominal sum when he launched the Spac, for hundreds of millions of dollars in March 2021 when prices were ranging between...
...The advisory business, including consultants, deal advisers and most of EY’s tax practice, would seek a stock market listing, aiming to emulate the success of Accenture, which floated in New York in 2001...
...After a quiet two years in the top job, UBS chief executive Ralph Hamers is feeling the pressure to narrow the valuation gap between the Swiss lender and its Wall Street counterparts....
...“Now it’s costing millions of dollars. The financial hit is real,” says MacDonald of Verité. Import bans are not the only sticks regulators can wield....
...Musk could potentially repurchase Twitter’s costliest debt at a discount, saving himself hundreds of millions of dollars in annual interest costs in the process....
...Per their employment agreements, the executives were expected to receive tens of millions of dollars in the event that Twitter was taken private and they were fired....
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