Hints and tips:
...The division had roots in Credit Suisse First Boston’s New York mortgage securitisation business in the 1980s and was led by veteran executive Jay Kim, who moved with most of the team to Atlas SP when the...
...combination under the historic First Boston brand....
...First Boston’s high-risk culture pervaded through Credit Suisse’s investment bank for the next three decades. Even so, Credit Suisse fared better than most during the financial crisis....
...Credit Suisse will own a majority stake but Klein will receive a substantial shareholding in CS First Boston, say the people....
...The idea was first reported by Bloomberg, which has also said the board is considering rejuvenating its First Boston brand for the investment bank....
...There was Bulgarian cocaine smuggling rings that ended up having alleged links to Credit Suisse....
...Fink and Ogunlesi, who met when they worked at First Boston before it was bought by Credit Suisse in the 1980s, shared a vision that infrastructure investments would be the fastest-growing part of the private...
...Net new money of SFr9.2bn ($10.6bn) in the first half was disappointingly low in this context. It may point to a successful effort by UBS, purchaser of Credit Suisse, to retain client assets....
...In December, for the first time, a proposed loan secured against the small shops’ payments was given a preliminary “A” grade credit rating....
...“The one [non-US bank] that came close was Credit Suisse when Frank Quattrone was around in the early 2000s,” they added, referring to the Credit Suisse First Boston executive who almost single-handedly...
...This, together with the forced sale in Europe of failing Credit Suisse to rival UBS, prompted Agustín Carstens, head of the Bank for International Settlements, to declare that “business models were poor,...
...Smart reads Heads will roll Job cuts will probably be inevitable at UBS as political pressure weighs on the Swiss bank to vindicate the national embarrassment that has unfolded at Credit Suisse, the FT’...
...In Europe, the implosion of Credit Suisse showed that even bigger lenders were not immune to turmoil....
...In a sign of serious intent, Fink sent his main lieutenant Rob Kapito — another Credit Suisse First Boston veteran — to see if there was a deal to be done....
...A distant yodel of distress from failed or struggling US regional lenders such as Silicon Valley Bank and First Republic exacerbated deposit flight at Credit Suisse....
...BZW produced tepid results until it was dismantled and sold to Credit Suisse First Boston in 1998....
...However, the First Boston Corporation had been based in Manhattan for decades....
...The brutal defenestration of Credit Suisse by the Swiss authorities, the seizure in effect of SVB by the US Federal Deposit Insurance Corporation and the British regulator-managed sale of its UK subsidiary...
...Credit Suisse’s former head of equity derivatives strategy Mandy Xu has joined Cboe Global Markets as vice-president and head of derivatives market intelligence....
...Bondholders taking the hit before equity is zeroed is an echo of the Credit Suisse AT1 write-off, as it raises similar questions about seniority....
...three years under a rejuvenated CS First Boston brand....
...The Federal Deposit Insurance Corporation was left holding the assets of mortgage-backed securities, collateralised mortgage obligations and commercial mortgage-backed securities following the interventions...
...The bank would have to rescue another 102 First Republics to even match US GDP (or 234 of them to get to twice-GDP, UBS’s size relative to the Swiss economy after its rescue of Credit Suisse)....
...The bank’s potential demise is in many ways similar to the collapse of Silicon Valley Bank and the rescue of Credit Suisse....
...From the first, he focused on entrepreneurs and strivers, starting with extra-large mortgages before growing into a full-service private bank....
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