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Showing results for Credit Suisse AG, as successor in interest to Clariden Leu AG and Bank Leu AG
Related Special Reports
...UBS agreed to rescue Credit Suisse last March in a deal orchestrated by Switzerland’s finance ministry, financial regulator and central bank....
...The Spac was helmed by Adam Gishen, Thiam’s top lieutenant at Credit Suisse, who served as chief executive....
...The capital return programme was paused when it agreed to buy Credit Suisse last spring....
...UBS has argued that the $29bn accounting gain should not be viewed as a traditional profit because it will mostly be used to back Credit Suisse assets and bolster the combined bank’s capital strength....
...Conflict of interest rules mean EY is likely to have to end its consulting work for Credit Suisse as it takes on the audit of the combined business....
...As one banker put it to me recently, the reason this was all so painful for Deutsche Bank, and terrifying for everyone else, was that Credit Suisse’s funeral was pre-packed....
...The lender intends to repurchase $1bn of shares in 2024, but that would only begin after it completes the merger of the Credit Suisse and UBS parent companies, which is expected to take place in the second...
...Credit Suisse unit, as well as UBS and regulators....
...BofA’s Ryan said: “If it were not for the interest in the Credit Suisse integration and related costs at the full-year results, we would have been all over the US wealth management issues because profitability...
...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....
...Akin Gump has hired Bill Brady as a partner in its special situations and private credit practice in New York....
...The grand Zurich hotel — which dates back to 1838 and sits proudly on Paradeplatz — came into UBS’s possession when it took over Credit Suisse....
...A year later, the debt was refinanced by Credit Suisse. Internally, the deal was viewed as a big success: the bank earned more money and was paid back faster than anticipated....
...The Swiss bank recently extended a $9bn credit facility to Qatar’s former prime minister, Sheikh Hamad bin Jassim bin Jaber al-Thani, who was a client of UBS and Credit Suisse....
...Ermotti returned to UBS this spring, just days after the bank agreed to rescue its former rival Credit Suisse....
...The bank also made clear it had no intention of using a SFr9bn backstop from the Swiss government that was designed to shield the bank from losses following its acquisition of Credit Suisse, in a move that...
...They did, in a way, in the Credit Suisse instance: for all the controversy, $17bn of funds was recovered from the bank’s implosion that in turn helped facilitate the rescue deal with UBS and mitigated taxpayer...
...Norway’s $1.4tn sovereign wealth fund has become the biggest shareholder in UBS, as the Swiss lender tries to win over international investors to the benefits of its historic takeover of Credit Suisse....
...Buying Credit Suisse will add billions of dollars in equity. But since then the UBS price-to-book value at 0.9 is closing the gap with the 1.4 times of Morgan Stanley....
...As part of the takeover, the Swiss government agreed to protect UBS from up to SFr9bn in any losses from the takeover, as long as the bank bore SFr5bn....
...During any seismic event, people seek shelter in unshaken edifices. Swiss private bank Julius Baer offered shelter to wealthy clients fleeing troubled Credit Suisse and its takeover by UBS....
...Many new hires at the bank have jumped ship from Credit Suisse and UBS, where executives are preparing to instigate swingeing staff cuts following the merger of the two banks, even as they try to cling on...
...His son, Sheikh Jassim bin Hamad al-Thani, was a board member of Credit Suisse for seven years, representing Qatari interests at the bank....
...When the meeting finally began, Kelleher assured the cabinet members that UBS would do what was necessary, as long as it was in the interests of his bank’s stakeholders....
...The Swiss government planned to install Sergio Ermotti as chair of Credit Suisse in the event it was forced to nationalise the beleaguered bank....
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