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...Other long-term investment groups have also increased their holdings in UBS significantly this year....
...biggest private bank in the region....
...regular top-level discussions on developments in the banking sector, as well as the economy and monetary system....
...Lloyds Banking Group is in talks with the Barclay family and private equity firm Carlyle over the future of the Very retail and financial services business months after seizing the Telegraph Media Group....
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...HSBC’s failings trace their origins back to the creation of its UK ringfenced bank to comply with rules requiring the formal separation of consumer and investment banking assets....
...The changes follow rate cuts announced last week by HSBC, Halifax and Leeds Building Society across their residential ranges....
...One outlier in Europe is HSBC, which increased its company-wide bonus pool by 12 per cent after its pre-tax profits for the year rose almost 80 per cent....
...UBS may have to wait until it has finished integrating Credit Suisse, however, before it tackles more M&A....
...But the initial public offering market in London has remained subdued in recent months, with many private companies holding off on listing plans until more favourable market conditions return....
...Co-founder Steve Koltes, who stepped down from CVC in 2022, is also set to sell down his stake, reducing his holding from about 43.5mn shares to just over 41mn....
...Standard Chartered has been positioning itself as a leader in highly bespoke private banking for the very high end of the wealth spectrum....
...Blackstone’s Stephen Schwarzman saw his holdings increase the most, gaining over $12bn in value....
...spent years insisting his media conglomerate Vivendi was “a coherent company and not a disparate set of holdings”....
...At HSBC’s offices the mood may be a bit cheerier: the group stands out for increasing its company-wide bonus pool by 12 per cent....
...deal in the throes of the banking crisis last year....
...Swiss state snubs AT1 bondholders yet again More than a year after Credit Suisse’s additional tier 1 bonds, or AT1s, blew up and left investors holding the bag on $17bn of wiped-out debt, Switzerland is...
...Thorpe has been at Goldman Sachs where he was head of healthcare investment banking in the Emea region....
...[MUSIC PLAYING] Just about a year ago, the Swiss banking giant UBS made a big move. It stepped in to save its rival, Credit Suisse....
...HSBC this summer poached Aladdin Hangari, the former head of Qatar for Credit Suisse and a key relationship manager in the region with close links to HJB and the Qatar Investment Authority, which was one...
...Goldman Sachs has hired HSBC senior banker James Keller for a private debt role, Bloomberg reports....
...Ogunlesi eventually rose to head investment banking at the now-defunct Swiss group before founding GIP in 2006 with backing from Credit Suisse and General Electric....
...Natixis, which is part of French banking co-operative BPCE, initially gave H2O its support in the wake of the FT’s exposé....
...Credit Suisse, Deutsche Bank, Goldman Sachs and HSBC reported losses in their China-based units in 2022....
...In June, HSBC agreed new terms for the long-delayed sale of its French retail banking network to a company owned by the US private equity group Cerberus....
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