News Muncher - category suisse

3 weeks, 1 day ago

What Switzerland should have done to save Credit Suisse

Switzerland might have averted the collapse of Credit Suisse, its second largest bank, if the country’s financial regulator took a harder line overseeing it and enforcing capital rules, a parliamentary report found Friday. UBS said Friday it didn’t receive regulatory concessions like Credit Suisse did, and now holds additional capital since the merger. The parliamentary report traced Credit Suisse’s problems …

Credit Report Banks Switzerland Ubs Credit Suisse Suisse

1 month ago

Australia Moves Ahead to Scrap AT1 Bonds After Credit Suisse Hit

Live Mint

-- Australia’s banking regulator is pushing ahead to scrap the market for contingent convertible securities, despite some concerns, becoming the first country to phase out the securities that were wiped out after the collapse of Credit Suisse last year. The Australian Prudential Regulation Authority said Monday it will phase out the use of Additional Tier 1 capital instruments with what …

Bank Credit Suisse Scrap At1

1 month, 3 weeks ago

Botin’s Costly Credit Suisse Hiring Spree Is Reshaping Santander

Live Mint

-- When the Iowa Tribe of Oklahoma recently sought to finance a casino between Oklahoma City and Tulsa, it turned to Banco Santander SA to find investors. But after a hiring spree that included dozens of former investment bankers from Credit Suisse’s Wall Street outpost, Santander has been rapidly climbing the league tables, with more than a hundred deals in …

Business Finance Credit Investment Bank Oklahoma Bloomberg

5 months, 3 weeks ago

Former Mozambique finance minister on trial in US over ‘tuna bond’ scandal that spurred debt crisis

Associated Press

NEW YORK — The “ tuna bond ” scandal that shook Mozambique’s economy is washing into a U.S. court, where a former Mozambican finance minister is being tried on charges that he took bribes to commit his country — secretly — to huge loans that prosecutors say got looted. When the loans — supposed to go in part to tuna …

Money Loans Mozambique Million Ford Chang Mozambican

5 months, 3 weeks ago

Former Mozambique finance minister on trial in US over 'tuna bond' scandal that spurred debt crisis

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The “ tuna bond ” …

Money Loans Mozambique Million Ford Sign Chang

7 months, 1 week ago

UBS’s Ermotti Starts the Race. His Job Is the Prize

Hindustan Times

Sergio Ermotti has made it clear he would only lead UBS Group AG in his second stint as chief executive officer for the time it took to absorb Credit Suisse and set the enlarged Swiss bank on a steady course. Khan, meanwhile, joined UBS from Credit Suisse in 2019 making a smart exit from that troubled bank after a spectacular …

Credit Bank Khan Ubs Swiss Credit Suisse Karofsky

8 months ago

UBS Returns to Profit as Wealth, Investment Bank Drive Beat

Hindustan Times

UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year. UBS Returns to Profit as Wealth, Investment Bank Drive Beat The Zurich-based bank said net income in the first quarter was $1.8 billion, compared with analysts …

Wealth Capital Profit Billion Ubs Swiss Credit Suisse

8 months ago

UBS Returns to Profit as Wealth, Investment Bank Drive Beat

Hindustan Times

UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year. UBS Returns to Profit as Wealth, Investment Bank Drive Beat {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The Zurich-based bank said net income in the first quarter was $1.8 …

Wealth Bank Capital Profit Billion Ubs Swiss

8 months ago

UBS Capital Debate, Big Oil’s Buybacks: EMEA Earnings Week Ahead

Hindustan Times

The recent selloff in UBS Group AG shares underscores the Swiss bank’s challenge to demonstrate its Credit Suisse Group AG acquisition is on solid ground. UBS Capital Debate, Big Oil’s Buybacks: EMEA Earnings Week Ahead Results this week will be overshadowed by concerns about a government proposal to increase the amount of capital held by systemically important lenders, a reform …

Capital Ubs Credit Suisse

9 months ago

Switzerland lays out new ‘too big to fail’ rules in wake of Credit Suisse banking turmoil last year

Associated Press

GENEVA — The Swiss government Wednesday announced steps to bolster its “too big to fail” rules aimed at avoiding potentially disastrous fallout from banking sector turmoil after woes last year at Credit Suisse before it was taken over by rival UBS. Finance Minister Karin Keller-Sutter told reporters that the measures will aim to protect taxpayers — who were briefly on …

Switzerland Swiss Credit Suisse

9 months ago

UBS Weighs Credit Suisse China Stake Swap With Beijing Government

Live Mint

-- UBS Group AG is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, according to people familiar with the matter. The Zurich-based lender is proposing to buy its remaining 33% stake in UBS Securities Co. from Beijing State-Owned Assets Management Co. and …

China Credit Securities Chinese Beijing Billion Ubs

9 months, 3 weeks ago

A Year After Credit Suisse’s Fall, UBS’s Path Is Lined With Temptation

Live Mint

Those who win the lottery often spend the money unwisely. UBS ended up paying $3.6 billion in stock for a bank with an estimated tangible book value of $33 billion—even after write-downs, expected litigation costs and accounting adjustments. On average in the three years before its demise, its investment bank still accounted for about 40% of total revenue, surpassing the …

Wealth Management Investment Bank Wealth Management Ubs Credit Suisse

10 months, 3 weeks ago

SC orders SpiceJet to clear dues to Credit Suisse

New Indian Express

NEW DELHI: The Supreme Court on Monday took notice of SpiceJet chairman and managing director Ajay Singh’s bid for grounded carrier - Go First - and said that while the businessman is not clearing the dues of Credit Suisse he has enough resources to acquire an airline. The apex court came down heavily on Singh for not clearing its dues …

Singh Spicejet Credit Suisse Clear Dues

11 months ago

Swiss bank UBS reports pretax loss in 4Q, plans share buybacks after Credit Suisse deal wraps up

Associated Press

GENEVA — UBS on Tuesday reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continued to integrate its longtime rival Credit Suisse after a government-orchestrated merger. “While our progress over the next three years will not be measured in a straight line, our strategy is clear.” The bank said net new assets came in …

Loss Bank Million Quarter Ubs Swiss Credit Suisse

11 months, 2 weeks ago

Swiss financial regulator gets a new leader as UBS-Credit Suisse merger sparks calls for reform

Associated Press

GENEVA — Switzerland’s financial markets authority is getting a new chief executive as the rich Alpine country looks at ways to strengthen regulations after UBS hurriedly took over ailing rival Credit Suisse last year partly to prevent a global banking meltdown. The Swiss government on Wednesday selected Stefan Walter, a 59-year-old German national who was director-general of the European Central …

Bank Switzerland Ubs Walter Credit Suisse Finma Swiss Financial

11 months, 3 weeks ago

Credit Suisse crisis: UBS Chairman points at failure of board, management

Live Mint

UBS Chairman Colm Kelleher launched a scathing attack on Credit Suisse, blaming its recent woes on leadership failures at all levels. UBS's return on equity may be higher than currently expected once the integration of its former rival, Credit Suisse, has been completed, its chairman said on January 17. Kelleher indicated his support for increased regulation in UBS's home market, …

Credit Reuters Bloomberg Ubs Kelleher Credit Suisse Suisse

1 year ago

Former Credit Suisse CEO wins bid to contest 2025 presidential election in Ivory Coast

Firstpost

Tidjane Thiam, 61, served in the cabinet of ex-President Henry Konan Bedie in the 1990s before leaving the West African country almost 25 years ago when Bedie was ousted in a coup Former Credit Suisse CEO Tidjane Thiam was elected on Friday as leader of the PDCI, one of Ivory Coast’s main opposition parties, making him a likely candidate in …

Credit Suisse Ivory Coast Bedie Pdci Credit Suisse Ceo

1 year ago

How did Credit Suisse collapse?

Live Mint

About six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to inject 50 billion Swiss francs into the lender and nationalise it, according to three sources with direct knowledge of the matter. But Switzerland's financial regulator FINMA and the finance ministry opposed the idea, as did Credit …

Credit Banks Switzerland Ubs Jordan Sources Regulators

1 year, 1 month ago

Behind Credit Suisse’s Fall: A Chairman’s Lasting Mark on the Culture

Live Mint

When Credit Suisse’s board met to approve the bank’s forced sale to UBS in March, paintings of every bank chairman since 1856 lined the boardroom. “The chairman’s track record was atrocious," said David Herro, a partner at Chicago-based Harris Associates, once Credit Suisse’s largest shareholder with holdings of around 10%. “It was clear that the chairman and other board members …

Board Bank Khan European Switzerland Ubs Swiss

1 year, 2 months ago

How Yoko Ono and a publishing temp saved the Beatles' Holy Grail from the scrap heap

Salon

When it comes to the story of the Beatles, no one has been more vilified than Yoko Ono. The kanji meaning of “Yoko” translates as “Ocean Child,” befitting the woman who would travel across the breadth of two oceans as she made her way in the world as a budding conceptual artist — first, in 1940, when her family first …

Family England London Publishing Life New York City His Family

1 year, 2 months ago

How to fade lines, wrinkles AND dark spots with minimal products: This skincare line stocked at Macy's uses carrot oil to treat discoloration and achieve radiant youth - and prices start at $16

Daily Mail

SHOPPING – Contains affiliated content. Makari De Suisse Extreme Argan and Carrot Oil Spot Corrector Pen Even the most stubborn dark spots and other types of hyperpigmentation have nothing on this potent pen made with natural ingredients. Shop The Makari de Suisse extreme argan and carrot oil instant spot removing pen is an internet bestseller, due to how well it …

Oil Dark Products Skin Spots Your Skin Macy

1 year, 2 months ago

SC clears SpiceJet’s Ajay Singh overseas travel amid dispute with Credit Suisse

Live Mint

New Delhi: The Supreme Court on Friday allowed SpiceJet's managing director Ajay Singh to travel overseas, deferring a hearing related to a dispute between the airline and Credit Suisse to December. The top court had, in earlier sessions, allowed SpiceJet some respite, letting it remit $1 million monthly to Credit Suisse for half a year to settle overdue amounts. Switzerland-based …

Court Credit Payment Singh Spicejet Credit Suisse Suisse

1 year, 3 months ago

Barclays hires for top roles in India amid global job cuts

Live Mint

Barclays Plc is hiring dealmakers in India while its global business slashes 300 jobs across the corporate and investment banking roles, Bloomberg reported on October 6. Srikanth Chakka and Sameer Sood of Credit Suisse have been tapped for the MNC's advisory business in India by year-end, sources told Bloomberg. Sood who was with Credit Suisse since 2010 will join as …

India Bloomberg Barclays Chakka Credit Suisse

1 year, 4 months ago

UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts

Associated Press

GENEVA — Swiss banking giant UBS on Thursday announced plans to save $10 billion in costs, including through 3,000 staff reductions in Switzerland in the coming years, as it moves ahead with “full integration” of longtime rival Credit Suisse’s domestic operations following a takeover. In a conference call with analysts, UBS chief executive Sergio Ermotti addressed one of the major …

Credit Bank Billion Switzerland Ubs Swiss Credit Suisse

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Articles for Suisse

What Switzerland should have done to save Credit Suisse

Australia Moves Ahead to Scrap AT1 Bonds After Credit Suisse Hit

Botin’s Costly Credit Suisse Hiring Spree Is Reshaping Santander

Former Mozambique finance minister on trial in US over ‘tuna bond’ scandal that spurred debt crisis

Former Mozambique finance minister on trial in US over 'tuna bond' scandal that spurred debt crisis

UBS’s Ermotti Starts the Race. His Job Is the Prize

UBS Returns to Profit as Wealth, Investment Bank Drive Beat

UBS Returns to Profit as Wealth, Investment Bank Drive Beat

UBS Capital Debate, Big Oil’s Buybacks: EMEA Earnings Week Ahead

Switzerland lays out new ‘too big to fail’ rules in wake of Credit Suisse banking turmoil last year

UBS Weighs Credit Suisse China Stake Swap With Beijing Government

A Year After Credit Suisse’s Fall, UBS’s Path Is Lined With Temptation

SC orders SpiceJet to clear dues to Credit Suisse

Swiss bank UBS reports pretax loss in 4Q, plans share buybacks after Credit Suisse deal wraps up

Swiss financial regulator gets a new leader as UBS-Credit Suisse merger sparks calls for reform

Credit Suisse crisis: UBS Chairman points at failure of board, management

Former Credit Suisse CEO wins bid to contest 2025 presidential election in Ivory Coast

How did Credit Suisse collapse?

Behind Credit Suisse’s Fall: A Chairman’s Lasting Mark on the Culture

How Yoko Ono and a publishing temp saved the Beatles' Holy Grail from the scrap heap

How to fade lines, wrinkles AND dark spots with minimal products: This skincare line stocked at Macy's uses carrot oil to treat discoloration and achieve radiant youth - and prices start at $16

SC clears SpiceJet’s Ajay Singh overseas travel amid dispute with Credit Suisse

Barclays hires for top roles in India amid global job cuts

UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts