EFG AM signals Swiss expansion with new appointment
Damian Burkhardt’s focus will be on ‘driving the growth agenda’ of group’s Swiss Equities franchise
Credit Suisse
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A year on from fall of Credit Suisse and SVB: European and US banks diverge
European banking has recovered but turmoil persists among US regional banks, writes Hannah Williford
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Credit Suisse-related lawsuits pick up pace
The lawsuits over UBS’s ‘shotgun wedding’ rescue of Credit Suisse are growing in number. US law firm Quinn Emanuel Urquhart & Sullivan has already been instructed by key holders of Credit Suisse’s ‘additional tier one’ (AT1) capital instruments to represent them in discussions with the Swiss authorities and in any possible litigation. Now, however, it…
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Banking sector weighs UBS-Credit Suisse fall-out
The implications of UBS’s takeover of Credit Suisse last month is continuing to roil the Swiss financial space, according to reports throughout the country’s media. UBS will look to shed between 25,000 and 36,000 roles within the company, with 11,000 of those being in Switzerland, Sonntags Zeitung has reported. The newspaper went on to note…
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Do Europe’s banks have a problem – or is the problem them?
The fallout from Credit Suisse’s takeover by UBS is continuing to be felt across Europe. The move, which saw UBS step in to scoop up its former rival following months of speculation over Credit Suisse’s business affairs, has led to regulators in Europe saying they would look to write down the investments of shareholders as…
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The ‘shotgun wedding’ of Credit Suisse and UBS
The ongoing volatility in the global banking sector has seen UBS take on Credit Suisse – a move likened around Europe to a ‘shotgun wedding’, with the role of the gun-toting parent being assumed by the Swiss government. Under the terms of the deal, the cumulative financial risk the general public is shouldering to save…
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Is Credit Suisse teetering on the brink?
Share price has dropped nearly two-thirds since February 2021
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Credit Suisse chair resigns over covid rule breaches
Axel Lehmann will replace him
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Credit Suisse boss admits breaking covid quarantine
Swiss regulator says it is in contact with the bank
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Do bad reputations fade too quickly in financial services?
Credit Suisse and Nomura expected to take multi-billion-dollar hits after working with ex-hedge fund boss with chequered past
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Credit Suisse Asset Management returns to ETFs in ‘hokey-cokey’ move
Seven years after selling ETF business to BlackRock, asset manager converts trio of index funds
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Under the hood of Credit Suisse’s fund selection process
Giuseppe Patara explains why he sometimes avoids top-percentile funds and what signs suggest switching to passives