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...The combination of the two banks’ holding companies will mean the Credit Suisse management board will become obsolete, including the role of chief executive....
...While administrators are typically paid out of the funds belonging to the insolvent company, Credit Suisse, a major Greensill creditor, has been contributing a special fee to keep the supply-chain finance...
...Sergio Ermotti, who was parachuted in for a second stint as chief executive to oversee the takeover, said the bank was on course to meet its 2024 capital return targets, having promised to buy back $1bn...
...Bondholders who invested in additional tier 1 — or AT1 — securities lost $17bn when UBS took over its rival Credit Suisse last March....
...Since then, relations have soured between JPMorgan and Karonis, who is still chief executive of Viva....
...The UK used national security powers to intervene in eight deals involving Chinese-linked investment in British companies in the 12 months to March 2023....
...Contacted for comment, Raiffeisen said that the FT findings had prompted chief executive Johann Strobl to order an immediate inquiry....
...“The reason we thought [the takeover] was so attractive . . . is because it’s the kind of merger you can never do in peacetime,” said Tangen, the former hedge fund manager who has been chief executive of...
...Boman, who was then chief executive of Handelsbanken, quit the IIEB on the eve of a three-day get-together his bank was co-hosting in protest at the group’s lack of transparency and the costs of hosting...
...The final chief executive of Credit Suisse, Ulrich Körner, is set to leave UBS in the coming weeks, as the Swiss bank prepares to complete a crucial step in the integration of its former rival....
...The idea of that is that they allow the Treasuries and the mortgage-backed securities on the balance sheet to kind of run off, and they don’t repurchase them....
...BBVA, led by chief executive Onur Genç, is offering one newly issued share for every 4.83 Sabadell shares....
...She was an appointment that was made as part of this major economic overhaul that Turkey is doing....
...Barclays chief executive CS Venkatakrishnan called for a renewal of equity risk culture in the UK to stimulate markets, as the bank reported better than expected first-quarter earnings....
...His tenure as chief executive was marked by two major events: the coronavirus pandemic and a call from HSBC’s largest shareholder, Ping An, to split up the 159-year-old lender and list its Asia business...
...Ermotti’s total pay also dwarfs the awards of chief executives at other major European banks, including Christian Sewing of Deutsche Bank, who was paid €8.9mn last year, and Andrea Orcel of UniCredit, whose...
...in the wake of Brexit....
...And chief executive Sergio Ermotti has talked about 2024 as being really the hard year, the tricky year of this integration, which is expected to take about three, three and a half, years or so....
...,” said UBS chief executive Sergio Ermotti....
...During his speech at the bank’s AGM, UBS chief executive Sergio Ermotti said he agreed with Kelleher’s view on capital needs and said it was a “source of great concern” that the bank was perceived to enjoy...
...“We are a global firm and to the extent possible we adopt a consistent global approach across everything we do,” said Richard Gnodde, chief executive of Goldman Sachs’ international subsidiary, in remarks...
...Last year, the number of ransomware attacks in the finance industry surged by 64 per cent, and was nearly double the 2021 level, according to Sophos, a cyber security company....
...“The US is a major drag for UBS, whereas the rest of the wealth business is more like Morgan Stanley in terms of pre-tax margin,” said Kian Abouhossein, an analyst at JPMorgan....
...Miller, co-head of markets Ken Pang, chief technology and operations officer Joanne Hannaford and chief operating officer Francesca McDonagh....
...“After the success early on . . . it became clear that there had been a major error in judgment,” said one person involved....
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