Hints and tips:
...The new owner was originally cloaked by his limited liability company, but Son was revealed to be the buyer a few months after the purchase by the Los Angeles Times....
...Credit Suisse investors want their money back Swiss politicians labelled UBS’s emergency rescue of Credit Suisse the “deal of the century”....
...from a bank credit line....
...About 20 senior Credit Suisse dealmakers in Europe are switching to UBS following its government-orchestrated takeover of its Swiss rival, per Financial News....
...He emphasised that Apollo seeks to match its assets and liabilities from a duration point of view, unlike most banks, which borrow short and lend long....
...But prising boardroom doors open remained tough for a new firm with a limited record....
...Meanwhile don’t miss this Big Read on Credit Suisse: the rise and fall of the bank that built modern Switzerland, and another on how the Swiss “trinity” forced UBS to save Credit Suisse....
...Big money managers have been contacting Goldman, Bank of America, Credit Suisse and other lenders on the Citrix deal to inquire about buying debt worth several billion dollars this year, according to people...
...Finma itself had a resolution plan for Credit Suisse as a whole but said full “resolvability” would not be ready until the end of 2022....
...“Silicon Valley Bank and Credit Suisse hit just when we were catching a bid, slowing us down,” Chris Blum, the head of corporate finance at BNP Paribas, told DD’s Eric Platt....
...And another thing: Yesterday UBS agreed to buy Credit Suisse for $3.25bn after a frantic weekend of negotiations brokered by Swiss regulators to safeguard its banking system and attempt to prevent a crisis...
...Lex readers were vocal in their view that the collapse of US regional banks and the takeover of Credit Suisse by UBS need not trigger a shift towards depositors bearing the brunt of failure....
...(MgmtCo is how SoftBank describes Masa’s Delaware-incorporated MASA USA LLC vehicle.)...
...We had the collapse of First Republic Bank, the collapse of Signature Bank, and then around the same time, that was when the Swiss government ordered UBS to take over Credit Suisse....
...Apollo also confirmed that it was finalising a purchase of Credit Suisse’s securitised products business, which is being partially sold off by the under-pressure Swiss bank....
...Now, a group of other banks, including Morgan Stanley, Barclays and Credit Suisse, have earmarked similar amounts to cover potential settlements with US regulators....
...The reorganised WPG is structured as a limited liability company, which typically offers fewer fiduciary protections to minority shareholders than a traditional corporation....
...Billionaire hedge fund manager Chris Hohn has demanded that the world’s largest plane maker Airbus abandon its bid for a stake in the cyber security arm of French IT company Atos, suggesting the deal is...
...The firm helped J&J create a limited liability company in Texas, forming the subsidiary that would take on the baby talc claims....
...Analysts at Mirabaud Securities were bullish on Embracer until 2020, but have since pointed to the company’s “M&A warpath” strategy and consequent “spiralling complexity”....
...Wall Street has put pressure on companies to pay back capital rather than plough it into more drilling. Biden’s biggest problem with petrol prices, though, may be his limited power to shape them....
...Or they want to own their home through an LLC [limited liability company] — maybe a celebrity who wants to keep their identity private,” she says....
...He will also be a member of the Japanese investment conglomerate’s second fund. Floriana Scarlato is stepping down as Swiss chief compliance officer at Credit Suisse....
...Credit Suisse has hired David Wildermuth from Goldman Sachs as chief risk officer, as the Swiss bank sets about reinforcing its controls after a series of crises....
...Sonali Punhani, head of UK economics at Credit Suisse: We expect the UK economy to lag behind other developed economies in 2023 and be in a year-long recession with a peak-to-trough GDP decline of 2 per...
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