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...Finma has argued that without writing down the AT1s, nationalising Credit Suisse would have been the only alternative....
...The Spac was helmed by Adam Gishen, Thiam’s top lieutenant at Credit Suisse, who served as chief executive....
...Ermotti said the only reason UBS was allowed to take over its rival was because Credit Suisse was failing after years of loss making....
...UBS executives have pushed through the sale after criticising Credit Suisse’s high risk-taking and high-reward culture....
...Credit Suisse was one of the first major tenants of the Canary Wharf estate. The Docklands financial district was the brainchild of Michael von Clemm, chair of Credit Suisse First Boston....
...It has insisted that, without the AT1s being written down, UBS would have been unwilling to buy Credit Suisse....
...Mozambique has accused Privinvest of paying $136mn in bribes to state officials and Credit Suisse bankers working on the debt....
...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....
...Ermotti’s award comes as the bank’s bonus pool shrank 14 per cent compared with the combined pool at UBS and Credit Suisse in 2022....
...The capital return programme was paused when it acquired Credit Suisse. UBS slipped 3 per cent on Tuesday, but has risen almost 50 per cent since the rescue of Credit Suisse....
...A post mortem by the Financial Stability Board found Swiss authorities would have been capable of shutting down Credit Suisse....
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...UBS put the business up for sale after taking control of Credit Suisse when it collapsed last year. It already has a securities unit in mainland China and cannot hold two licences....
...Asked if Deutsche Bank was the new Credit Suisse, he told reporters there was “no reason to be concerned about it”....
...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....
...This scepticism proved warranted in the past year when Credit Suisse was forcibly absorbed by local rival UBS and US regional banks plunged into freefall....
...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....
...Suisse....
...The calls echo those made last month by Sergio Ermotti, chief executive of UBS, which agreed to rescue Credit Suisse in March....
...The Credit Suisse takeover has cemented UBS’s position as the biggest wealth manager outside North America....
...Across the group, UBS had $33bn of net new deposits, with two-thirds coming from Credit Suisse clients....
...UBS may have to wait until it has finished integrating Credit Suisse, however, before it tackles more M&A....
...Nearly a quarter of a century after fleeing a coup in his native Ivory Coast, Tidjane Thiam, who built a high-flying business career running Aviva, Prudential and Credit Suisse, will on Saturday take the...
...in thousands of job cuts and branch closures....
...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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