Hints and tips:
...Fink and Ogunlesi have known each other since both were at Credit Suisse in the 1980s....
...In today’s newsletter: Credit Suisse shareholders sound off L’Oréal cleans up with a new deal Jamie Dimon’s busy week Credit Suisse shareholders take the mic “After the financial crisis we were named...
...UBS’s second-quarter results last week included the effects of its June shotgun wedding with arch-rival Credit Suisse....
...And don’t miss Antoine and Brooke’s profile of Ogunlesi, who rose to head investment banking at Credit Suisse before founding GIP in 2006....
...Further reading:— FT.com/Credit Suisse...
...For comparison, Credit Suisse held “trading assets” with a market value of $70.5bn at the end of 2022 — it constantly buys and sells securities of all sorts on behalf of clients — but its actual AfS portfolio...
...The bumper gains followed the collapse of Silicon Valley Bank and the emergency sale of Credit Suisse which affected the wider banking sector in Europe and the US....
...Suisse, Zurich, Switzerland...
...Credit Suisse was the catalyst for much of the pain that rippled through Europe, from France’s BNP Paribas and Société Générale to Spain’s BBVA and Britain’s Barclays....
...Mizuho Financial Group has hired Deutsche Bank’s Kushal Saha to lead internet investment banking as well as two Credit Suisse dealmakers, Bloomberg reports....
...Soon after, Credit Suisse was rescued by rival Swiss bank UBS. BlackRock looked at buying part of Credit Suisse before the UBS deal was struck. Fink said “to be in the game, we must play the game....
...A large part of this is provided by its illiquid, or ‘Direct Investment’ portfolio, where L&G has originated long-dated securities that are a good match for its PRT and annuity liabilities....
...The New Jersey attorney-general had filed a case against Credit Suisse in 2013 seeking up to $3bn of damages over the bank’s sale of residential mortgage-backed securities dating back to before 2008....
...Throw in erratic deposit flight and the whole thing gets even scarier; we all saw what happened to Credit Suisse. But what might break the doom loop?...
...H: Credit Suisse, L: Commerzbank Tiger Global’s main hedge fund has lost about 50 per cent in 2022, wiping out several years of gains. How much did Chase Coleman take home himself in 2020?...
...Agricole FY, Credit Suisse Q4, Deutsche Börse Q4, Enel FY, Equifax Q4, Expedia Q4, Kellogg Q4, L’Oréal FY, Mediobanca H1, Nippon Steel Q3, Nissan Motor Q3, PayPal Q4, PepsiCo Q4, Philip Morris Q4, Ralph...
...One scoop to start: Jens Welter, one of Credit Suisse’s most senior remaining dealmakers, has quit to join Citigroup less than nine months after being named co-head of global banking, prompting a reshuffling...
...The $16.5bn takeover, struck in late January, is the most prominent of about $70bn in financings stuck at large banks such as BofA, Credit Suisse and Goldman Sachs that need to be sold before they can finance...
...BT Group Q1, Centrica H1, CMC Markets Q1 trading update, Co-operative Bank H1, Comcast Q2, CVS Group trading update, Diageo FY, Enel H1, Hammerson H1, Harley-Davidson Q2, Intel Q2, ITV H1, JCDecaux H1, L’...
...at Credit Suisse in the 1980s....
...It is not clear for example whether companies such as Credit Suisse, Morgan Stanley and British American Tobacco that have Moscow offices linked to the empire of sanctioned oligarch Roman Abramovich are...
...After settling the MBIA case, Credit Suisse still faces a handful of other RMBS actions....
...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...
...The goal of the project is to establish a framework “that keeps a high bar [to] avoid greenwashing,” Credit Suisse’s Marisa Drew told Moral Money....
...Refining capacity is to shrink c.30% by 2030, from c.1.7mbd to 1.5mbd by 2025 then to 1.2mbd by 2030....
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