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...The Spac was helmed by Adam Gishen, Thiam’s top lieutenant at Credit Suisse, who served as chief executive....
...UBS agreed to rescue Credit Suisse last March in a deal orchestrated by Switzerland’s finance ministry, financial regulator and central bank....
...Credit Suisse was one of the first major tenants of the Canary Wharf estate. The Docklands financial district was the brainchild of Michael von Clemm, chair of Credit Suisse First Boston....
...UBS executives have pushed through the sale after criticising Credit Suisse’s high risk-taking and high-reward culture....
...Santander has agreed to hire the former co-head of Credit Suisse’s investment bank, David Miller, who becomes the latest executive to join from the collapsed Swiss lender....
...UBS announced internally on Monday that another Credit Suisse executive, Joanne Hannaford, was moving to Deutsche Bank....
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...Ermotti’s award comes as the bank’s bonus pool shrank 14 per cent compared with the combined pool at UBS and Credit Suisse in 2022....
...Last year brought the departures of former Credit Suisse chief financial officer Dixit Joshi, general counsel Markus Diethelm, head of the Asia-Pacific region Edwin Low, co-head of the investment bank David...
...This included scrapping the investment management deal, which the Financial Times reported last year. At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank....
...regulator Finma released its 84-page postmortem on Credit Suisse....
...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....
...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....
...Poor risk controls were a big factor in the fall of Credit Suisse. Finma is rare among national financial regulators in its inability to fine the companies that it oversees....
...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....
...Switzerland’s financial regulator has called for stronger powers to oversee banks following the collapse of Credit Suisse this year....
...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....
...Asked if Deutsche Bank was the new Credit Suisse, he told reporters there was “no reason to be concerned about it”....
...Finma on Tuesday published an 84-page report into the failure of Credit Suisse, which sent shockwaves through the Swiss financial system....
...A year on from UBS’s rescue of its once-great rival Credit Suisse, the success of the most consequential bank merger since the global financial crisis is becoming increasingly dependent on whether Khan can...
...Owen WalkerSo as you say, it’s one year since UBS agreed to buy Credit Suisse....
...Nearly a quarter of a century after fleeing a coup in his native Ivory Coast, Tidjane Thiam, who built a high-flying business career running Aviva, Prudential and Credit Suisse, will on Saturday take the...
...That might indicate that the people involved are generally doing a better job than they get credit for from regulators and financial journalists?...
...decided in March to wipe out $17bn worth of Credit Suisse’s AT1s....
...Plus, UBS needs to boost its wealth business to make its Credit Suisse acquisition a success....
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