Hints and tips:
...Credit Suisse sold the majority of its securitised products unit to Apollo in November 2022, just a few months before the Swiss bank was rescued by its rival UBS in March 2023....
...This story has been updated to incorporate comments from BDO USA, including information on the use of funds from Apollo...
...Klein would have owned a minority stake and the Swiss lender a majority position....
...The Swiss institution announced in October that it intended to separate its capital markets and advisory arm as part of a radical restructuring of the group that has so far failed to win over shareholders...
...The original Credit Suisse deal with Apollo led to the alternative investment manager taking on one of the Swiss bank’s most profitable divisions, but one that required a lot of capital....
...For instance, here’s an extract from a filing by Manhattan Bridge Capital, a small Nasdaq-listed mortgage Reit: No Adverse Material Change....
...He joins from technology-focused private equity firm True Wind Capital. EQT has hired Maarten de Jong and Mark Braganza to its private capital healthcare team, based in London....
...Lex Greensill once offered Swiss asset manager GAM an option to buy shares in Greensill Capital, alongside a deal that saw it use clients’ money to inject funding into his now-failed finance firm....
...One thing to start: The head of Lazard in Sweden has been charged with aggravated bribery linked to a takeover of a Swiss company by engineering group Atlas Copco....
...Georg Schubiger, head of wealth management, and Christel Rendu de Lint, head of investments, will become co-CEO of the Swiss investment manager from January....
...But its speciality business agreed to insure thermal coal mining company Global Mining Holding Company, LLC, and its subsidiary Signal Peak Energy for up to $2mn, for the two years to November 2023, according...
...BNP Paribas has named AQR Capital Management’s former trading head Scott Carter as global head of investor coverage....
...The lenders allege it wired the money to Camshaft Capital last year....
...Vuong has ploughed his wealth into the carmaker, pledging in April to inject $2.5bn in new capital....
...helped bring about the demise of the Swiss lender....
...Apollo has built or acquired more than a dozen platforms to originate loans, including the former securitised products unit of Credit Suisse, once a crown jewel of the Swiss bank....
...Cleveland-Cliffs, which owns the mill at Indiana Harbor, has offered to buy United States Steel, which operates its largest works nearby in Gary, Indiana....
...With our emphasis: The Swiss National Bank SNB and the Swiss Financial Market Supervisory Authority FINMA assert that the problems of certain banks in the USA do not pose a direct risk of contagion for...
...Credit Suisse’s investment arm was the source of one of its biggest scandals in recent years, when it was forced to close $10bn of investment funds tied to specialist finance firm Greensill Capital in 2021...
...According to Giving USA data, American firms give $21bn annually to charitable causes....
...So the nation’s culinary capital is indeed back, and more delicious than ever....
...First, trading would stay within the Swiss bank after primary markets had decamped. That would be a very odd division....
...After cementing the sale of his advisory boutique M Klein & Company to the Swiss lender for $175mn, the ex-Citigroup dealmaker and former Credit Suisse board member is set to run the soon-to-be-carved-out...
...up large amounts of capital....
...Last year, Chicago-based Harbor Capital Advisors launched two exchange traded funds that follow an index created by Irrational Capital, comprising US companies with strong HCF scores....
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