Tag: CreditSuisse
Investor lawyers want to sue for compensation for Credit Suisse shareholders
Axel Lehmann and Colm Kelleher at the historic press conference on March 19th Credit Suisse shareholders do not want to accept the low purchase price that UBS had to pay.…
UBS ticks off Archegos scandal for Credit Suisse
UBS subsidiary Credit Suisse The scandal surrounding Archegos and his manager Bill Hwang caused Credit Suisse a loss of five billion US dollars in mid-March 2021. (Photo: Reuters) Zurich UBS…
London’s financial district of Canary Wharf needs to reinvent itself
Bank Towers in Canary Wharf More and more big banks are leaving the financial district in east London. (Photo: Bloomberg) London Since the major British bank HSBC announced at the…
Julius Baer wants to become a billion dollar bank
Philip Rickenbacher The CEO of the second largest Swiss bank trims his institute for growth. (Photo: Reuters) Frankfurt The exit from Credit Suisse has made Julius Baer the second largest…
Financial regulator Bafin is examining higher liquidity buffers for banks
Bafin President Mark Branson “Double vulnerability in the system”: Customers park their savings for a shorter period of time and, thanks to the digitization of the banking business, can also…
UBS is apparently cutting tens of thousands of jobs at Credit Suisse
Sergio Ermotti The UBS CEO wants to downsize the investment division of Credit Suisse. (Photo: Reuters) Zurich Hard times are ahead for the employees of Credit Suisse: around half of…
UBS is apparently cutting tens of thousands of jobs at Credit Suisse
Sergio Ermotti The UBS CEO wants to downsize the investment division of Credit Suisse. (Photo: Reuters) Zurich Hard times are ahead for the employees of Credit Suisse: around half of…
Deutsche Bank sees up to 20 percent decline in trading income
Deutsche Bank headquarters A year ago, fixed income trading had a record quarter, rising more than 30 percent. (Photo: Blatterspiel/Jan Huebner) Frankfurt The downturn in investment banking weighs on Deutsche…
How Lula jeopardizes Brazil’s growth
Salvador In recent weeks, there has been something of a reversal in sentiment in Brazil’s economy: in early June, the Bureau of Statistics reported first-quarter growth of four percent, almost…
The riskiest interest-bearing securities are in demand again
Logo of the Spanish bank BBVA The new risky BBVA bond offers interest of 8.375 percent per year. (Photo: IMAGO/Zoonar) Frankfurt The shock quickly subsided: almost three months after Credit…
Dax & dates in the daily stock market report
Dusseldorf The leading German index should start the new trading week full of hope: On Monday morning, the Dax was listed at around 16,000 points on off-exchange trading platforms. Investors…
Return to 2% level will ‘take quite a while’
Marcus Brunnermeier The economist is of the opinion that Germany’s ecological restructuring will drive inflation even further. (Photo: IMAGO/Christian Spicker) Markus Brunnermeier is currently in Japan for research purposes: There…
What our money is still worth
Castle in the Clouds High inflation and overstretched central banks: a large number of crises have shaken our prosperity. Is he just an illusion? Overstretched central banks, over-indebted states, a…
Esma considers credit default insurance reform
Deutsche Bank shares Investors parted on Friday in droves of shares in the largest German bank. (Photo: dpa) Frankfurt The sharp swings in so-called credit default swaps (CDS) by financial…
UBS heralds the end of Credit Suisse
CreditSuisse The takeover should be completed in the next few days. (Photo: IMAGO/Future Image) Zurich The major Swiss bank UBS wants to complete the integration of Credit Suisse within seven…
Esma considers credit default insurance reform
Deutsche Bank shares Investors parted on Friday in droves of shares in the largest German bank. (Photo: dpa) Frankfurt The sharp swings in so-called credit default swaps (CDS) by financial…
Wall Street up after debt deal and jobs data
Frankfurt The approval of the US debt deal and the latest US jobs data are making Wall Street investors optimistic. The Dow Jones index of standard values closed 2.1 percent…
Private credit funds: “Bad debt losses will increase”
Frankfurt banking district from above The rapid turnaround in interest rates in the USA and the euro area has completely changed the parameters for the private debt fund business. (Photo:…
Private credit funds: “Bad debt losses will increase”
Frankfurt banking district from above The rapid turnaround in interest rates in the USA and the euro area has completely changed the parameters for the private debt fund business. (Photo:…
Ex-UBS President Weber warns of risks in banking with wealthy customers
Axel Weber The long-standing president of the major bank UBS warns against underestimating the risks involved in doing business with wealthy customers. (Photo: Bloomberg) Zurich The longtime president of the…