Hints and tips:
Related Special Reports
...“That includes a full and transparent account of what led to the idiosyncratic failure of Credit Suisse.”...
...The final chief executive of Credit Suisse, Ulrich Körner, is set to leave UBS in the coming weeks, as the Swiss bank prepares to complete a crucial step in the integration of its former rival....
...Finma’s decision to force losses on bondholders while allowing Credit Suisse shareholders to receive a small amount for their stock upended the traditional capital hierarchy and has proved the most controversial...
...Credit Suisse’s plan to recover the money, formalised in a deal with Justice two years ago, involved regular repayments from Bluestone up to a total of $320mn....
...Top institutions including Credit Swiss and BMW’s pension fund are backing a new impact investing fund raised by one of Europe’s largest venture capital groups, as it hunts for a new generation of tech “...
...While administrators are typically paid out of the funds belonging to the insolvent company, Credit Suisse, a major Greensill creditor, has been contributing a special fee to keep the supply-chain finance...
...The Spac was helmed by Adam Gishen, Thiam’s top lieutenant at Credit Suisse, who served as chief executive....
...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...UBS returned to profit in the first quarter of the year, comfortably beating analyst expectations, as the Swiss wealth manager began to enjoy the benefits of its takeover of former rival Credit Suisse....
...The FT notes all of the slow-burning lawsuits related to Credit Suisse (“Finma seeks to prevent release of Credit Suisse AT1 debt files”, Report, April 5)....
...The most recent examples of risk management failures in financial institutions are the collapses of Silicon Valley Bank and Credit Suisse last year....
...of Altice Financing, a credit that’s more widely held in Europe and has also faced questions about its creditworthiness, as shown above....
...Switzerland’s decision last year to merge Credit Suisse with UBS was an “unhelpful” way to deal with a failing global bank and US regulators would not shrink from a full shutdown in a similar situation,...
...Less than a year after UBS’s rescue of Credit Suisse, just a handful of Credit Suisse senior managers remain at the enlarged Swiss bank, including former chief executive Ulrich Körner....
...over 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....
...In the letter, Kelleher and Ermotti said Credit Suisse failed because of a “broken business model” rather than a lack of capital....
...Ermotti in a statement that “2023 was a defining year in UBS’s history with the acquisition of Credit Suisse....
...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...
...Credit Suisse unit, as well as UBS and regulators....
...At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank. But on Wednesday, UBS confirmed it would be a $900mn loss....
...Credit Suisse had frittered away its hard-won reputation through a series of scandals and management mis-steps. These had already depressed the share price to a three-decade low by the end of 2022....
...Credit Suisse took a majority stake in the securities venture in 2020 after China’s regulators introduced reforms enabling international banks to have full control of their mainland units....
...Switzerland’s financial regulator has called for stronger powers to oversee banks following the collapse of Credit Suisse this year....
International Edition