Friday, 22 November 2024

FINANCE Thursday, 23 March 2023 11:57

UBS Wants Out of CS First Boston Deal

UBS is said to have assigned a legal team to terminate the deal between Credit Suisse and Michael Klein over its purchase of M. Klein & Co.

FINANCE Thursday, 23 March 2023 10:45

Swiss Government Brakes Credit Suisse's Wage Excesses

With the rescue of Credit Suisse by UBS coming with government assistance, Credit Suisse's bonuses have become a public topic. The department of finance has stepped in.

FINANCE Thursday, 23 March 2023 10:26

Why Blackrock Didn't Make a Move on Credit Suisse

BlackRock founder Larry Fink smelled an opportunity to take over parts of Credit Suisse at a bargain basement price. 

PEOPLE Thursday, 23 March 2023 10:24

Credit Suisse Nets Ex-Deutsche Private Banker

Newly acquired Credit Suisse has appointed an industry veteran as the Southeast Asia vice chairman of its wealth management unit, finews.asia has learned.

FINANCE Thursday, 23 March 2023 09:32

Credit Suisse CoCo Bonds Have Phones Ringing at Finma

Investors in Credit Suisse's AT1 bonds are suffering a total loss while shareholders are receiving 3 billion francs is causing a stir around the world. Why did Switzerland choose this path?

FINANCE Thursday, 23 March 2023 09:27

UBS to Buy Back Two Notes it Just Sold

UBS issued two new debt instruments on Friday. Then came the announcement of its forced takeover of Credit Suisse. Now UBS is offering to buy them back. 

FINANCE Wednesday, 22 March 2023 15:42

GlobalData: UBS-CS Deal Creates Competitive Issues

UBS’s acquisition of Credit Suisse will create a global private banking behemoth and this is expected to cause issues in the competitiveness of the industry, according to GlobalData.

PEOPLE Wednesday, 22 March 2023 14:56

Investment Firm 3 Capital Partners Hires COO

Hong Kong-based private investment office 3 Capital Partners has announced the appointment of a chief operating officer.

FINANCE Wednesday, 22 March 2023 12:12

Credit Suisse Event Spotlights Hong Kong Icon

In what could be its final client event, Credit Suisse spotlighted Hong Kong’s local culture via iconic designs featured at its 26th Asian Investor Conference this week.

PEOPLE Wednesday, 22 March 2023 10:22

BofA Names New ECM Co-Heads in APAC

Bank of America has reportedly appointed new co-heads of equity capital markets in Asia Pacific.

FINANCE Wednesday, 22 March 2023 10:11

Hong Kong Family Office Summit Issues Speaker List

Hong Kong’s upcoming family office summit has released a speaker list which includes the executive chairman of J.P. Morgan’s global private banking division.

PEOPLE Wednesday, 22 March 2023 09:04

From Pillar to Post: Between Switzerland's Banks

For years employees of UBS and Credit Suisse have been wandering in and out of Switzerland's two main banks, often boosting their career and pay grades along the way. A look at the top ranks of the banks shows which managers are well-versed in both cultures.

FINANCE Wednesday, 22 March 2023 09:01

Government and UBS Split Losses from CS Investment Bank

The guarantees for UBS in its takeover of Credit Suisse go deeper than it initially appeared, according to an investor presentation UBS held late Sunday night.

FINANCE Wednesday, 22 March 2023 08:37

The Playbook for Employees of a Bank Merger

Months of uncertainty and little visible action will be followed by long hours and then – short, sharp shocks. This is how it could soon feel for normal Credit Suisse employees as UBS starts to set up shop.

FINANCE Tuesday, 21 March 2023 17:27

HSBC Pilots 7-Day Branch Services in Hong Kong

In response to rising demand from mainland China, HSBC is launching a pilot to extend services to seven days a week at three branches in Hong Kong. 

FINANCE Tuesday, 21 March 2023 16:26

Singapore: 200 Pending Family Office Applications

Singapore continues to attract new family offices with around 200 applicants queued to set up in the city-state.

FINANCE Tuesday, 21 March 2023 16:21

Credit Suisse Employees In the Twilight Zone

Months of uncertainty and little visible action will be followed by long hours and then – short, sharp shocks. This is how it could soon feel for normal Credit Suisse employees as UBS starts to set up shop.

FINANCE Tuesday, 21 March 2023 15:38

OCBC Launches Wuhan Branch

Singapore lender OCBC further expands its presence in mainland China with the launch of a new branch in Wuhan.

FINANCE Tuesday, 21 March 2023 14:52

MAS to Form Information-Sharing Platform

A new bill has been introduced in Singapore’s parliament that could lead to an information-sharing platform set up by the local financial regulator.

FINANCE Tuesday, 21 March 2023 13:58

Olivier de Perregaux: «When the Storm Hits, It's Too Late»

Liechtenstein's LGT is relentlessly expanding its private banking position and sees itself protected from the storm currently engulfing the Swiss financial industry. When it comes to dealing with Russian assets, the authorities are sending out delicate signals,...

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