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...Finma has argued that without writing down the AT1s, nationalising Credit Suisse would have been the only alternative....
...Ermotti said the only reason UBS was allowed to take over its rival was because Credit Suisse was failing after years of loss making....
...Fitch Ratings downgraded Kemble’s credit rating to CC on Thursday, which it said indicated “that a default of some kind appears probable”....
...Credit Suisse was one of the first major tenants of the Canary Wharf estate. The Docklands financial district was the brainchild of Michael von Clemm, chair of Credit Suisse First Boston....
...Additional reporting by Owen Walker and Ian Smith in London...
...Santander’s plans are part of a long-term strategy of trying to leverage its network of corporate clients in Europe and the Americas by offering them a range of services, including access to capital markets...
...It had come close to taking an activist position in Credit Suisse before it collapsed, they added, but considered the investment too risky....
...UBS announced internally on Monday that another Credit Suisse executive, Joanne Hannaford, was moving to Deutsche Bank....
...“There is no stability, no investment, no growth in most banks — and there are likely to be more job cuts,” said Lee Thacker, owner of financial services headhunting firm Silvermine Partners, adding: “There...
...The moves were part of an eight-year strategy Botín has pursued of broadening the services Santander offers to its 166mn customers worldwide....
...“The problem is this is a bank built on customer service — the bulk of its depositors are there I would imagine because of the customer services,” said Gary Greenwood, an analyst at Shore Capital....
...Credit Suisse also provided banking services to some of the country’s wealthiest citizens, including former prime minister and QIA head Sheikh Hamad bin Jassim al-Thani, whose son, Sheikh Jassim bin Hamad...
...Alastair Ryan, an analyst at Bank of America, said he expected lots of long-term Credit Suisse clients to go elsewhere....
...Swiss banking rules have come into sharp focus since the collapse of Credit Suisse last March and its rescue by UBS....
...Ermotti’s award comes as the bank’s bonus pool shrank 14 per cent compared with the combined pool at UBS and Credit Suisse in 2022....
...Less than a year after UBS’s rescue of Credit Suisse, just a handful of Credit Suisse senior managers remain at the enlarged Swiss bank, including former chief executive Ulrich Körner....
...A post mortem by the Financial Stability Board found Swiss authorities would have been capable of shutting down Credit Suisse....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...The capital return programme was paused when it acquired Credit Suisse. UBS slipped 3 per cent on Tuesday, but has risen almost 50 per cent since the rescue of Credit Suisse....
...UBS is set to disclose its bonus pool at the end of March after a testing year for its investment bank, but one in which some Credit Suisse bankers were offered large packages to persuade them to stay....
...The calls echo those made last month by Sergio Ermotti, chief executive of UBS, which agreed to rescue Credit Suisse in March....
...A lawyer from the Texas firm Jackson Walker had paid the fees with a credit card. The bankruptcy code states that a company must be in the district for 180 days prior to the filing....
...Massarsky, whose Massarsky Consulting was bought by US professional services group Citrin Cooperman in 2022, has made a name for himself crunching the numbers for pop stars and record labels — Hipgnosis...
...of Credit Suisse’s largest shareholders....
...Alongside investing in telecoms, Warburg also backs companies in the technology, healthcare and business services sectors, among others....
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