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...The future of AT1s have become a political issue across Europe since the Credit Suisse wipeout....
...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...He then returned to Europe, becoming chief executive of UK insurer Prudential and then Credit Suisse, which he ran from 2015 until he departed in 2020 following a corporate spying scandal....
...Ermotti said the only reason UBS was allowed to take over its rival was because Credit Suisse was failing after years of loss making....
...People close to the company said Credit Suisse holds the title to the aircraft through its aviation leasing division as security against financing provided to a client....
...The Swiss lender has taken a $200mn expense on the Credit Suisse leases for 2022 and another for 2023, according to a filing to US Securities and Exchange Commission published on Friday....
...Rupak Ghose, a fintech consultant and former financials research analyst at Credit Suisse, said Revolut was rarely used as a primary bank account despite its fast growth and would need to become a lender...
...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....
...Citadel Securities has made a bid of about Rmb2bn ($280mn) for Credit Suisse’s Chinese securities business, as the market maker founded by billionaire Ken Griffin pushes ahead with expansion plans in China...
...Citadel Securities has bid about Rmb2bn ($280mn) for Credit Suisse’s Chinese securities business, as the market maker founded by billionaire Ken Griffin pushes ahead with expansion plans in China, people...
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...UBS has made Sergio Ermotti Europe’s best-paid bank boss less than a year after he returned to the lender, saying the Swiss executive had successfully steered the integration of rival Credit Suisse....
...While the procedure may have been strictly legal per the fine print of the securities’ prospectuses, this inversion of the normal “waterfall” of cash flow through the capital structure of Credit Suisse was...
...’s financial regulator Finma released its 84-page postmortem on Credit Suisse....
...The Swiss bank announced a new share repurchase programme on Tuesday, having suspended its previous plan a year ago following its rescue of former rival Credit Suisse....
...Abruptly, the pain spread to Europe....
...The company made an unexpected bid for Credit Suisse’s Chinese securities unit in February and is working to rapidly expand its international payments business in search of growth in the post-Ma era....
...He previously worked at UBS and Credit Suisse. Deutsche Bank has promoted William Mansfield to head of Emea mergers and acquisitions....
...But while the Credit Suisse deal has provided a shot in the arm for UBS’s wealth businesses in Europe, the Middle East and Asia — boosting assets by at least 50 per cent and contributing a decade’s worth...
...“He’s terrified about his security,” the person said....
...Banks that are touting market share gains over the past three years in securities trading should be careful not to expect another major competitor to implode like Credit Suisse....
...UK nonprime borrowing accounted for about 4 per cent of the consumer credit market in 2013....
...The apparent interpretation was a direct challenge to Ermotti’s frequent pleas that UBS’s capture of Credit Suisse last year should not be seen as the “deal of the century”....
...In December, Finma itself published an 84-page report into the failure of Credit Suisse....
...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....
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