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...Three years later the bank collapsed....
...Credit Suisse is still the registered owner of another private aircraft, a Bombardier Global 7500 — once known as the world’s most expensive corporate jet and dubbed the “Ferrari of the skies” — which was...
...Last year Chinese insurer Ping An turned activist at HSBC, demanding a break-up of the bank. Although it was unable to attract enough support for that move, it did chalk up some smaller successes....
...Pay at private equity firms has come to dwarf that of banks in recent years, leading to a number of senior bankers moving to the buyout industry....
...Some large banks did not cull staff in 2023, notably HSBC and Commerzbank, which have both undertaken huge workforce reductions in recent years....
...biggest private bank in the region....
...HSBC has agreed to sell its business in Argentina to domestic lender Grupo Financiero Galicia for $550mn as it exits a market where its business has been affected by hyperinflation and a volatile currency...
...UBS has made Sergio Ermotti Europe’s best-paid bank boss less than a year after he returned to the lender, saying the Swiss executive had successfully steered the integration of rival Credit Suisse....
...of a bank failing....
...UBS has agreed to sell $8bn worth of loans to private capital group Apollo as part of a renegotiated deal to hive off a Credit Suisse business that securitised loans for assets such as yachts....
...It has been a year since UBS rescued its crosstown rival Credit Suisse, and the success of the most consequential bank merger since the global financial crisis may come down to whether Khan can turbocharge...
...University of California, San Diego, for example, returned a leading 11 per cent in fiscal 2023 by virtue of its nearly one-third allocation to the S&P 500....
...The drought in M&A in 2022 and 2023 marked a sharp contrast with the previous year when a wave of monetary stimulus from central banks in response to the pandemic encouraged companies and private equity...
...Bank of China and Industrial and Commercial Bank of China are part of a group of lenders involved in a stand-off over debt at Thames Water’s parent company....
...More broadly, comparisons between investment banks made on a revenue basis — and some league rankings — often overlook non-bank competitors and adjacent growth markets such as private credit....
...The position, which would equate to 0.57 per cent of HSBC’s market capitalisation, one of the biggest short positions on a big four UK bank on record, was taken out on Tuesday, according to data reported...
...Staff of failed bank Credit Suisse will move into UBS’s office in the City this year. Barclays late last year agreed a 5-year lease extension on its headquarters, taking its tenure to 2039....
...UBS-Credit Suisse anniversary: A year on from UBS’s rescue of Credit Suisse, the merger’s success is becoming increasingly dependent on the performance of the Swiss bank’s wealth business....
...Hangari was a key relationship manager for Credit Suisse in Qatar, a country that had close links to the bank, with the Qatar Investment Authority a large shareholder in the bank....
...Reuters published its own end-of-year retrospective on the collapse of Credit Suisse on Tuesday, blaming a lack of joined-up thinking between Switzerland’s regulators for the bank’s unravelling....
...The bank booked a net profit of S$1.6bn (US$1.2bn) for the October-December quarter, up 12 per cent from the same period in 2022, even as the lender expects “low single-digit loan growth” in 2024....
...Unsurprisingly, these trends have spurred a flurry of activity among banks and wealth managers across the region, and beyond....
...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....
...Meanwhile, activist investor Ackman, a 20-year client of the bank, invited Federer to a tennis match on the roof of his company, Pershing Square, before telling UBS staff that the takeover of Credit Suisse...
...She has spent the past year heading a sustainable finance division at UBS following its rescue of rival Swiss bank Credit Suisse....
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