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...UBS agreed to rescue Credit Suisse last March in a deal orchestrated by Switzerland’s finance ministry, financial regulator and central bank....
...It is working on its approach with advisers from JPMorgan Chase, Citigroup and BNP Paribas, people close to the situation said. The banks declined to comment....
...the audits of around 1,000 sets of accounts being late due to widespread and national auditing issues across local government”....
...The bonds, which are sold by local governments and whose proceeds can only be used to put capital into banks, are also being used to hasten mergers of weak lenders in China’s indebted regions, which are...
...RedBird IMI, which has been advised by investment bank Robey Warshaw, could hire another bank for the sale....
...UBS executives are working to complete the merger of the bank’s legal entities with those of Credit Suisse by the end of May....
...So what can this tell us about other banks? The analysts find that bonds of Comerica, Zions Bancorporation and Huntington Bancshares trade cheap, with Huntington posing the “lowest CRE risk”....
...Culture shock Before being taken over by Deutsche Bank, London-based dealmakers at British investment bank Numis could climb the stairs to speak with their research colleagues at will....
...Last year the SNB was forced to play a key role in saving Credit Suisse, Switzerland’s second-largest bank, and orchestrating its emergency takeover by rival UBS....
...It was taken over in 2012 by Leucadia National Corporation, an oil-to-beef conglomerate, but the merged company pared back its other investments to focus solely on investment banking work....
...The Swiss National Bank announced a surprise cut to interest rates on Thursday in a sign of policymakers’ confidence over falling inflation....
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months....
...Now, the UK has moved to restrict Chinese investment in critical infrastructure and has recently used national security powers to intervene in deals involving Chinese buyers....
...He said Hwang used his Grace and Mercy Foundation as a financial “escape pod” by moving hundreds of millions of dollars worth of shares to the nonprofit....
...The bank’s board said it had begun a formal process to find a successor and is considering internal and external candidates....
...The single market has long been plagued by national disregard for EU rules, haphazard enforcement, and resistance from capitals to centralising regulatory powers....
...During his time running the investment bank it has had a there-and-back journey by selling out to the conglomerate Leucadia National Corporation before ultimately returning to its investment banking roots...
...and liquidity the mergers would require....
...Robinson was pushed out in 1993 after heavy losses related to his acquisitions and his empire was quickly dismantled by successors....
...Two scoops to start, first: Talks over a planned $30bn merger between the chemicals arms of Abu Dhabi National Oil Company and Austria’s OMV have stalled over recent weeks, putting at risk a complicated...
...The transaction has reignited pushback from US lawmakers averse to banks amassing market share via mergers....
...Today’s data was preceded by yesterday’s decision by the Bank of England to keep interest rates on hold at their 16-year high of 5.25 per cent but at the same time signal a rate cut should the “encouraging...
...The two are part of a four-person collective leadership that also includes the prime minister and the chair of the National Assembly....
...RedBird IMI is led by former CNN chief Jeff Zucker and struck a deal only last year to buy the media group from Lloyds after the bank seized control from the Barclay family over unpaid debts....
...Investors cheered, with shares in US Steel rising 26.1 per cent the day it was announced. But the merger is opposed by the United Steelworkers labour union....
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