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...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....
...UBS announced internally on Monday that another Credit Suisse executive, Joanne Hannaford, was moving to Deutsche Bank....
...Santander has set aside $250mn to grow its corporate and investment bank over the next two years and has already hired 100 executives this year, with many former Credit Suisse bankers joining its US office...
...Credit Suisse and Santander declined to comment. Hermer and Price declined to comment through a Credit Suisse spokesperson....
...at Credit Suisse....
...BNP agreed a €700mn credit facility the following year....
...For comparison’s sake, the committee has fielded only five questions about Credit Suisse AG, which no longer exists independently. Casino still exists, of course....
...Suisse by its Swiss rival UBS....
...Credit Suisse’s former co-head of global banking David Wah has joined PJT Partners as a partner in San Francisco....
...RBC has revamped its European credit team, tapping Bank of America’s Georgio Gregoriou, Credit Suisse’s Marc Sánchez Roger and company insider Andrea Marcheggiano for senior roles....
...Total contract awards might surpass €20bn this year, thinks Credit Suisse, up from €8bn in 2022. The bank forecasts a 25 per cent deficit in cable capacity by 2026....
...The private credit team will run the Luxembourg-domiciled, closed-end fund with a focus on senior debt. It aims to make its first investment in the coming weeks....
...Saudi National Bank, the country’s largest lender, acquired a 9.9 per cent stake in Credit Suisse late last year and inadvertently helped precipitate the bank’s downfall when the SNB chair ruled out increasing...
...Lucrative lawsuits: UBS’s $3.3bn takeover of Credit Suisse has sparked $9bn of legal claims, with more cases to come....
...Company results: Credit Suisse, Philips and Vivendi provide first-quarter revenue data....
...Shares in UBS rose 2 per cent after the Swiss lender brought back Sergio Ermotti as chief executive to lead the bank through its takeover of Credit Suisse....
...As a standard practice, Euroclear lends out its clients’ cash balances to minimise credit risk and retains the interest earned....
...Now read these So it begins: Investors hit by the Credit Suisse takeover are suing the Swiss banking regulator....
...And in the latest twist in the Credit Suisse saga, Switzerland has banned the failed bank from paying deferred bonuses to its employees....
...That was also before banking failures in the US, such as tech lender SVB, which spooked bank investors, soon followed in Switzerland by UBS’s takeover of Credit Suisse....
...“Higher interest rates are definitely the main driver of the European bank sector,” said Credit Suisse banking analyst Jon Peace....
...We have more banks this week, with a particular focus on the UK’s high street lenders, as well as earnings calls from both Credit Suisse and UBS....
...Suisse to rival UBS a little over a week later....
...Credit Suisse predicts that, after a good start to 2022, collectibles are likely to see slower gains than last year. No surprise there, perhaps....
...They follow a month of turmoil in the banking sector, which has led to the failure of three US lenders including Silicon Valley Bank and the collapse of Credit Suisse into the arms of UBS....
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