Hints and tips:
...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...Greensill’s supply chain financing loans to Gupta-linked and other companies were packaged into securities sold to Credit Suisse investors through a group of $10bn supply chain finance funds....
...In Switzerland, Lex Greensill was named as a suspect alongside four former Credit Suisse bankers in a case that centred on mis-selling allegations in relation to the collapse of a $10bn set of the bank’s...
...Despite the suspicious collateral, the $140mn loan has since been repaid because Credit Suisse had first-ranking security on other Greensill assets, including $50mn of cash....
...Ant’s bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS’s plans to dispose of its stake in the unit....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...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....
...Last year, Apollo acquired the structured products unit of Credit Suisse shortly before the bank’s merger with UBS, taking ownership of one of the largest originators of high-rated asset backed securities...
...Dechert has hired Brian Miner as a partner in its corporate and securities practice group. He joins from Schulte Roth & Zabel, where he co-chaired its M&A and securities group....
...Credit Suisse investors want their money back Swiss politicians labelled UBS’s emergency rescue of Credit Suisse the “deal of the century”....
...of Credit Suisse’s largest shareholders....
...This dividend could be used to fund a repayment to some of Gupta’s Greensill-related creditors, which include clients of collapsed bank Credit Suisse, according to people familiar with the plans....
...The departure frees up Hintze — a former captain in the Australian army who later moved up the ranks of finance at Salomon Brothers, Goldman and Credit Suisse First Boston — to focus on the strategy that...
...Fink and Ogunlesi have known each other since both were at Credit Suisse in the 1980s....
...offered the family office prime broking services....
...A separate legal battle involving Credit Suisse and SoftBank looks set to drag on until at least 2025....
...News round-up UBS sounds out investors over first AT1 sale since Credit Suisse rescue (FT) Marcelo Claure’s Latin America fund makes first investment (FT) Cayman Islands to open Singapore office to lure...
...The bank’s $5.5bn hit on the collapse of Archegos was by far the biggest out of total losses of $10bn for international banks that offered the family office prime broking services....
...But the firm’s crown jewel is still its statistical arbitrage strategy, which uses algorithms to exploit patterns in securities pricing, investors say....
...“It’s a very tough business,” said Harry Jho, founder of law firm Harry Jho LLC, which specialises in prime brokerage, adding that “if you’re providing full financing, you have to be able to assess the credit...
...“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...
...Deloitte is set to cut hundreds of jobs in the UK as clients cut spending on advisory services in a tougher economic environment....
...Smart reads Throwing bones Hedge funds have helped bolster bank profits this year by enlisting their prime brokerage services in an otherwise tumultuous year for markets, fintech adviser Rupak Ghose writes...
...When I joined Credit Suisse First Boston in the summer of 1999 I knew where the action was — equity research. Yes, really....
...Tim Fitzgerald will be the new global head of securities services....
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