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...Finma has argued that without writing down the AT1s, nationalising Credit Suisse would have been the only alternative....
...Greensill’s supply chain financing loans to Gupta-linked and other companies were packaged into securities sold to Credit Suisse investors through a group of $10bn supply chain finance funds....
...Further cases both in international and domestic courts are in the works....
...Mozambique has accused Privinvest of paying $136mn in bribes to state officials and Credit Suisse bankers working on the debt....
...UBS has begun the process of killing off Credit Suisse’s international brand, replacing signs at the collapsed bank’s US headquarters and planning changes in other key offices, according to people familiar...
...Since then, Switzerland has always had three seats at the IIEB for the CEOs of UBS, Credit Suisse and Lombard Odier....
...Suisse....
...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....
...Swiss banking rules have come into sharp focus since the collapse of Credit Suisse last March and its rescue by UBS....
...Leverage deployed by private credit funds is typically limited, but the private credit value chain is a complex network that includes leveraged players ranging from borrowers to funds to end investors....
...Asked if Deutsche Bank was the new Credit Suisse, he told reporters there was “no reason to be concerned about it”....
...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...
...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....
...The robust demand for Raiffeisen’s AT1 bonds underscored the strength of the AT1 market almost a year after investors’ faith had been shaken by the collapse of Swiss bank Credit Suisse....
...In December, Finma itself published an 84-page report into the failure of Credit Suisse....
...This meshes with this year’s World Bank International Debt Report, which has smart advice to DMOs in low and middle income countries: Once a portfolio analysis is conducted, debt managers can employ an...
...Compounding these risks, Credit Suisse, the PB most affected by Archegos’ failure, had not set sufficiently conservative terms for the leverage it had provided....
...He added: “[Credit Suisse] had repeated risk management and operational failures which undermined the credibility of its leadership and the board....
...One official said that while Israel thought it would now “have credit” from the limited strikes on Iran last week, it had not “fundamentally changed” the attitude of western countries towards a Rafah assault...
...The country was seeking $1.5bn in damages, including for economic losses after the IMF and international donors pulled their funding....
...There was Bulgarian cocaine smuggling rings that ended up having alleged links to Credit Suisse....
...A group of international bond investors is drawing up plans to sue Switzerland in the US courts for expropriation over the losses they suffered after the state-orchestrated rescue of Credit Suisse....
...The two groups’ international businesses are already being combined and Credit Suisse reported an overall SFr9.3bn ($10.6bn) pre-tax loss for the second quarter as customers withdrew SFr39bn....
...A group of international bond investors who lost billions of dollars on the collapse of Credit Suisse is drawing up plans to sue the nation of Switzerland in the US courts, the Financial Times reported on...
...UBS began the process of removing Credit Suisse’s international brand in New York last month, but it has yet to decide what to do about the bank’s brand in Switzerland, despite confirming it will retain...
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