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...Michael Ebert, who ran Credit Suisse’s investment bank alongside Miller, was kept on and made sole head of the business as well as head of the Americas for UBS’s investment bank....
...The capital return programme was paused when it agreed to buy Credit Suisse last spring....
...At Barclays, Edward Bramson’s Sherborne Investors failed to convince other shareholders of his plan to shrink its investment bank during a three-year effort that ended in 2021....
...“At one point in time, each of Credit Suisse, UBS, Barclays and Deutsche were bigger than us. And now we’re about the same size as all of them combined, and for a while we were bigger,” Gorman said....
...Other banks that have hired from Credit Suisse since its collapse in March include Barclays, BNP Paribas, Citi, Macquarie and Wells Fargo....
...Almost half of the bank’s deposits were uninsured at the end of 2022, according to Barclays, just as the storm over Silicon Valley Bank and other regionals hit....
...From Barclays: Accordingly, it is only prudent that CLO investors are wary of other potential CLO assets which could face the possibility of suffering Caa/CCC downgrades, or even defaults....
...Barclays will pay CWG an undisclosed sum to be released from its obligations at the 12-storey building also known as 5 North Colonnade, formerly home to Barclays investment bank....
...Barclays will from Wednesday offer a two-year fix at 4.17 per cent, down from 4.62 per cent, for borrowers with a 40 per cent deposit....
...As a result, the average return on equity among European banks has risen to 13 per cent, Barclays analysts said....
...But one year on from the failures of Silicon Valley Bank and Credit Suisse, the strongest banks are ramping up their lending into the broadly syndicated bank loan markets — a key way to finance leveraged...
...Rupak Ghose is formerly a financials research analyst at Credit Suisse and head of corporate strategy at ICAP/NEX If Mark Twain was surveying Wall Street investment banks, would he say “Lies, damn lies...
...For countless failing banks — including Credit Suisse — AT1s did the very job they were meant to do, namely provide an additional buffer to facilitate a smooth resolution....
...in Credit Suisse debt....
...Staff of failed bank Credit Suisse will move into UBS’s office in the City this year. Barclays late last year agreed a 5-year lease extension on its headquarters, taking its tenure to 2039....
...Deutsche Bank has promoted William Mansfield to head of Emea mergers and acquisitions. He joined the bank last year, and previously worked for Credit Suisse....
...Barclays grabbed market share to jump to number six in the global league tables, taking advantage of the decline of Credit Suisse and retrenchment at Deutsche Bank....
...Other banks are capitalising on the fervour: last week Barclays began marketing a new AT1, again to a rapturous reception. Investors say they now regard the Credit Suisse case as idiosyncratic....
...But, in an apparent gesture of festive generosity, he sounded a bullish note for the likes of UBS, Deutsche Bank and Barclays. “I don’t think [over] the next decade the gap will be as large,” he said....
...at Credit Suisse....
...UBS agreed to rescue Credit Suisse six months ago in the most significant bank takeover since the global financial crisis....
...Santander has set aside $250mn to grow its corporate and investment bank over the next two years and has already hired 100 executives this year, with many former Credit Suisse bankers joining its US office...
...Some European banks, such as Barclays and Deutsche Bank, may have lacked ambition on their ROTE targets. Both have proffered vague “above 10 per cent” goals for the coming years....
...One scoop to start: Apollo has sold a stake in the lending business it acquired from Credit Suisse last year shortly before the Swiss bank’s shotgun rescue by UBS, securing a multibillion-dollar investment...
...This echoed patchy performances in FICC at other European banks, such as Deutsche Bank and Barclays, even as Wall Street rivals either reported less severe drops or a jump in revenues....
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