Hints and tips:
Related Special Reports
...The investors owned additional tier 1 bonds, or AT1s, a form of bank debt that can be converted into equity or written down when a bank runs into trouble....
...UBS agreed to rescue Credit Suisse last March in a deal orchestrated by Switzerland’s finance ministry, financial regulator and central bank....
...UK firm Pallas is close to initiating proceedings against the bank in Switzerland for Credit Suisse’s role in writing down the AT1 bonds, even though it was directed to do so by the government and Finma...
...“This is the ultimate proof that the competition provided by both domestic and foreign banks active in Switzerland is robust.”...
...Job moves Bank of America has hired Olof Engelbrekts as head of investment banking in Switzerland. He previously worked for UBS....
...Switzerland’s decision last year to merge Credit Suisse with UBS was an “unhelpful” way to deal with a failing global bank and US regulators would not shrink from a full shutdown in a similar situation,...
...In a rare show of support from a senior banker for tougher regulations, the head of UBS — which rescued its former rival in March in the most significant bank takeover since the financial crisis — said Switzerland...
...Switzerland’s financial regulator has called for tougher powers to oversee banks after claiming it did everything it could to try to prevent the collapse of Credit Suisse this year....
...Six months ago, Julius Baer’s chief executive, Philipp Rickenbacher, was riding high on the bank’s new status as the second-biggest wealth manager in Switzerland....
...Quinn Emanuel is already suing Switzerland’s financial regulator, Finma, over its decision to wipe out $17bn of Credit Suisse bonds when the bank was taken over by UBS six months ago....
...Collardi oversaw a rapid expansion of the bank but was later reprimanded by Switzerland’s regulator for a lack of focus on preventing money laundering....
...The crunchy acronym was coined by Goldman Sachs for pharma companies GSK and Roche, Dutch chip company ASML, Switzerland’s Nestlé and Novartis, Danish drugmaker Novo Nordisk, France’s L’Oréal and LVMH, the...
...The shotgun marriage of Switzerland’s two biggest banks, which boosted assets by at least 50 per cent and contributed a decade’s worth of growth, according to Ermotti, has cemented UBS’s position as the...
...Switzerland’s Julius Baer reported a more than 50 per cent drop in its profits on Thursday after it wrote off SFr606mn ($700mn) from its exposure to Signa, the crisis-hit Austrian property group....
...That Switzerland is a ‘banana republic’?...
...investment bank and wealth management divisions....
...The headline acts will be the US Federal Reserve, the Bank of Japan and the Bank of England, but we will also have policy updates from (in no specific ranking order) China, Australia, Switzerland, Indonesia...
...Signa owes approximately €13bn to banks and investors, according to an analysis by JPMorgan....
...patrick.jenkins@ft.com Letter in response to this article: Why the AT1 bond is enjoying a Swiss comeback / From Anthony Smouha, Fund Manager and Chief Executive, Atlanticomnium, Geneva, Switzerland...
...Switzerland is preparing for national elections in October and the impact of the merger of two of the country’s biggest companies is a divisive issue....
...UBS plans to absorb the Swiss bank. It promises no job cuts before end-2024. About 3,000 will go eventually. Debate will rumble on in Switzerland....
...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....
...UBS’s integration of Credit Suisse is expected to lead to thousands of job cuts, with 3,000 redundancies in Switzerland already announced....
...And I got straight in touch with people I knew at their bank in Switzerland to try and set up a meeting to work out what had happened.”...
...The tie-up between the rivals has sparked concern in Switzerland over the potential for large-scale job cuts and branch closures, as well as the risk that a much larger bank would pose to the country’s financial...
International Edition