Three years after the historic merger of the two major Swiss banks began, only a few moves remain. Cost reductions will ultimately emerge. Meanwhile, CEO Ermotti is nearing the end of his term.
The Swiss group led by Sergio Ermotti closed the third quarter with a net profit of €2,48 billion (+74%), driven by investment banking and M&A, and announced an appeal against the ruling that writes off Credit Suisse's AT1 bonds. Meanwhile...
The Swiss court annuls FINMA's 2023 write-off of AT1 bonds, deeming it to be without legal basis. The ruling can be appealed to the Swiss Supreme Court.
Open clash between the Swiss government and the top management of UBS after the purchase of Credit Suisse two years ago and the stock market in fluctuations: first down and then up
According to Bloomberg, on June 6 the government will present new rules on capital that will force UBS to significantly increase its capital requirements. The bank is not having it and is promising to fight. But in the meantime, the stock is suffering
The Unicredit-Commerzbank operation reopens the game on the big European risk table, with the blessing of the supervisory authorities. The open dossiers and those closed forever. The Mps and Banco Bpm knot
In the first six months of the year, UBS reported a net profit of $2,9 billion, supported by strong performance in the Investment Banking and Wealth Management sectors, with net inflows into wealth management of $54 billion
The journalist Mathilde Farine, in the book "La Fall - The Credit Suisse case" reconstructs the story of the Swiss bank, explaining the causes, talking about the mistakes made, but also about the lessons that should be learned from the case
Exactly one year after the Credit Suisse crash on 15 March 2023, the book by Swiss journalist Mathilde Farine "The fall, the Credit Suisse case" was published, which reconstructs the events that shook the global financial system
A total of 61.905 employees were laid off. Numbers comparable to those of the 2007-2008 financial crisis. Wall Street investment banks alone have cut 30 bankers. The biggest cuts come from Wells Fargo and Credit Suisse. And next year too...
Increased stake in the Swiss bank by more than 5%. Overtaken Blackrock and Dodge & Cox. In the last six months, since UBS agreed to save Credit Suisse, its shares have risen by more than 30%
The Ticino banker called back to lead UBS to manage the acquisition of Credit Suisse resolves the crisis without charging the state a franc and collects benefits of 29 billion against 3 in expenditure. Euphoric bag
Presented by Ubs and Credit Suisse the 14th edition of the Global Wealth Report. In 2022, total net private wealth decreased by 2,4%. Among the causes is mainly the appreciation of the US dollar against other currencies. Decreases by…
This is one of the largest banking agreements since the banking crisis of 2008. The CEO Ermiotti: "A new chapter is opening for Ubs, the goal is to guarantee stability"
For the New York Stock Exchange, the Swiss institution was unable to get the quote above the dollar for 30 days. They are given six months to comply.
This is a new group of 90 institutional investors and 700 retail and family office investors, who had invested just under $1,7 billion in Credit Suisse bonds. The total number of claims…
Ubs presents the quarterly and Ceo Ermotti makes his debut. Integration with Credit Suisse secure but complex: times will be long. No immediate layoffs are in sight for employees
The escape from the deposits of Credit Suisse and First Republic Bank and the chiaroscuro quarterly reports of Ubs and Santander send European banks into the red - Sales on the lists, only Inwit is saved in Milan
The wedding with UBS is not enough to stop the outflows of assets which reached 5% of assets under management at the end of 2022. Profit jumps to 12,8 billion thanks to the cancellation of bonds, but the pre-tax result is…
According to a Financial Times survey of 83 central banks, more than 2/3 of those questioned said they expected an increase in central banks' gold reserves but today the yellow metal is floating below $2 an ounce
A battle had announced and the first blows are coming. The bondholders do not accept the conditions imposed by UBS for the merger with Credit Suisse. Many actors on the track
During the hearing in Parliament, meeting in extraordinary session to discuss the bailout, the president of the Swiss confederation explained the reasons why UBS was chosen to intervene
The increase in oil prices does not stop, which can slow down the economy and lead to a new tightening of monetary policy - Latest act of Credit Suisse: the meeting in Zurich - The car restarts
This was announced by the board of directors of the Swiss bank "in the light of the new challenges and new priorities that emerge from the planned acquisition of Credit Suisse". Ermotti will return to his role of Group Chief Executive next week. The current CEO…
The hypothesis of creating a bad bank with high-risk assets to be delivered to foreign investors. The pros and cons of the operation
In an interview earlier this month, Ammar al-Khundairy said Saudi National Bank would "absolutely" not be open to further investment in the Swiss institution
The sale of SVB to First Citizen Bank seems imminent but the markets want to understand the Deutsche Bank effect while Unicredit asks the ECB for the possibility of repaying a 1 billion euro AT1,25 bond in early June
The German giant limited itself to saying that it would have redeemed a subordinated bond in advance. But the Credit Suisse crime is triggering tensions throughout the sector and every action is viewed with suspicion
A few days after their issue, the Swiss institution led by CEO Ralph Hamers wants to buy back bonds with substantial coupons. Here's what analysts say
First Republic collapses again in the US but in Europe the controversial rescue of Credit Suisse, which however loses 55%, by UBS paves the way for the recovery of the Stock Exchanges driven by the banks which also support Piazza Affari above all…
The decision of the Swiss authorities to reverse the hierarchy of treatment in the event of a banking crisis has opened up a crisis of confidence on the markets. Eurozone banks are safer according to Lagarde
The market spotlights remain focused on the banks after the Credit Suisse-Ubs operation and the Italian ones are holding up the bailout better than the foreign ones - The slowdown in interest rates helps utilities
The Swiss bailout dictated by the need to avoid systemic crises such as Lehman - Here are all the terms of the agreement but the surprise of subordinated bonds could undermine market confidence - The effects on HSBC - Coupons arriving for…
Deal made to bail out Credit Suisse. After two days of negotiations, UBS will buy it and the Swiss central bank will make 100 billion of liquidity available
According to the Financial Times, the Swiss authorities are pushing for a simple and quick marriage to be completed before the opening of the markets on Monday
The collapses of the banks in crisis and the technical deadlines are sinking the stock exchanges both in Europe and in America today and undermine the confidence of the markets - Piazza Affari loses 2% in a very heavy week
Credit Suisse's new plunge reduces the enthusiasm of the markets that turn downwards. Negative futures on Wall Street, gold rises. The spread goes down
The help of the Swiss Central Bank to Credit Suisse gives the European stock exchanges breathing space in anticipation of the ECB meeting on rates. The banks partially recover, Saipem and luxury run
The Credit Suisse board asks the Swiss Central Bank for liquidity overnight to avert the crisis - Futures rise even if volatility remains very high on the markets and on the banks and BlackRock does not rule out other cracks…
New collapse of the stock markets after the Saudis' refusal to grant new aid to Credit Suisse which goes haywire and earthquakes the banks and stock exchanges of Europe and the USA - Piazza Affari the worst (-4,6%): especially heavy…
The collapse of Credit Suisse, after the Saudis have ruled out new aid, frightens stock markets and brings the banks back into the storm. The ECB is preparing the rate hike. In Milan, Terna and Erg go against the trend
As reported by the Wall Street Journal, there would also be another potential investor: the US Atlas Merchant Capital led by banker Bob Diamond ready to invest another half a billion dollars.
The G7 should announce the price cap on Russian oil. The BTPs are doing well, spreads are down. Economic growth better than expected with PMI indices
Today the extraordinary shareholders' meeting should launch a monster operation worth 4 billion Swiss francs. But the participation of Arab investors in the operation could be surprisingly curbed by other Swiss players. Directed by Ubs.
The 4 billion francs capital increase will lead to a restructuring that will entail cuts of 9.000 employees. Bad moods for the Saudi quota
After a negative morning, European stock exchanges reverse course and Milan closes up 0,9% with Saipem's boom and utility purchases - Wall Street comforted by data on GDP and inflation
The institution under pressure for months is trying all ways to convince investors of its soundness. He also wants to sell his famous Savoy Hotel in Zurich's financial district. On 27 October the announcement of the new strategic plan
Another manager is leaving the Swiss bank after market concerns about its ability to restructure the business. On 27 October the announcement of the new strategic plan. Expected drastic cuts and capital increase of 4 billion
The Swiss bank has rejected all allegations and announced an appeal
After the restructuring, Deutsche Bank does not disappoint the market: profits over one billion euros - For Credit Suisse, however, the balance sheet gap continues to widen
The exhibition dedicated to Raphael is held at the National Gallery in London from 9 April to 31 July 2022 and is in collaboration with Credit Suisse
Bank shares rise for the sixth day in a row thanks to the increase in yields - Increased demand for credit and the prospect of new M&As also favor the recovery - Spotlight on Crédit Suisse and Banca Carige
The Swiss giant pays the repercussions of the Greensill and Archegos cases - Two top managers gone, dividends and bonuses cut - Hole of 4,4 billion francs
Five months after the stalking scandal against two former managers, the CEO of the Swiss bank leaves and reiterates: "I didn't know anything about it" - Headline in red in Zurich
A study by Credit Suisse reveals that across the world and in all sectors, family-owned companies perform significantly better than the others - Even in Italy the trend is the same with percentages at…
Sustained growth and further upside potential for equity markets in 2018; these are the main elements of the latest Credit Suisse Investment Outlook - Credit Suisse sees Millennials emerging as a decisive economic, social and political force
The Ligurian bank signs the contracts for the establishment of the consortium that will guarantee the recapitalization with Deutsche Bank, Credit Suisse and Barclays
From the "Global Wealth Report 2017" study by Credit Suisse Research Institute - Growth was driven by the United States, strengthened by solid market conditions - Among European countries, Italy is in the top ten - Beware of the "disadvantage…
FROM THE ENORTH WEST BLOG - The Milanese bank Albertini Syz Ersel, which has assets under management for 2,8 billion, is in the sights of Ersel, a prestigious and strong Turin-based financial group, which is in the competition with Credit Suisse, Banca Profilo and Cassa…
Since 2006, these companies have outperformed broader equity markets by an average of about 400 bps per year in every region and sector, regardless of size, according to a report by the Credit Suisse Research Institute. The investment opportunities…
The Guardia di Finanza has asked to know the names of the holders of 9.953 accounts on which over six and a half billion euros are allegedly deposited - The case is connected to the maxi investigation launched in 2014 against the giant…
Birthday dedicated to performance and long-term vision. Credit Suisse (Lux) Global Robotics Equity Fund celebrates first birthday with performance of +31,40%
The Spanish Bank closed the first quarter with a net profit of 1,86 billion euros, up 14,3% on year - The Swiss giant also announced a capital increase of 4 billion francs and…
In the annual Investment Outlook, published Thursday, Credit Suisse experts analyze the prospects for the financial markets, announcing that the situation will most likely remain difficult also in 2017 - Global GDP and inflation slightly up, but on the markets…
According to the Credit Suisse Research Institute's Global Wealth Report 2016, the average wealth per adult in Italy marked a 1,1% year-on-year decline in 2015 - Brexit wiped out $1,5 trillion of women's wealth…
The investment bank examined the impact of the new budget law on the profitability of Enel, Snam and Terna in a report
The Swiss institute has started hedging the securities of four Italian banks: Intesa Sanpaolo and Ubi promoted, a more complicated situation for Unicredit and Mps.
In determining the target price, the analysts of the Swiss bank underline a bullish potential in their report, with an "outperform" judgment - Today the stock is worth less than 4 euros on Piazza Affari: the maximum for the year was 4,022 euros…
Heavy downgrade for Richemont that falls from outperform to neutral. Reverse path for the French giant thanks to organic and sustainable growth - The bank confirms its negative opinion on European luxury: modest profit margins block the…
The investment bank started covering the group on the eve of the Strategy presentation on the new goals of the Six-Legged Dog on 18 March. Target price at 15,5 euros
The Swiss bank would have helped 14 Italian customers to bring abroad about 14 billion euros to evade taxes - According to the Milan prosecutor's office, the fraud would have been carried out through false insurance policies.
Sales forecasts improve in a Credit Suisse report. According to the bank's analysts, a 10% devaluation of the Chinese currency would correspond to a 4% contraction in the average earnings of European luxury - The most affected groups…
The bank's accounts are weighed down by the 3,79 billion goodwill write-down decided last October - Among the group's expenses are also 355 million for restructuring costs and 820 million allocated for disputes - The stock on the stock market collapses.
The two institutes ended up in the crosshairs of the US authorities for the so-called dark pools (trading in the dark): the British bank will pay 70 million dollars, the Swiss one 84,3 - HSBC in crisis: it announces cuts of 5 billion.
The Swiss bank's Monthly Report analyzes the drivers of the financial turmoil: Fed, oil and China - For investments, it therefore suggests maximum diversification, avoiding exposure to the real estate sector and commodities: "Better to shift resources towards bonds…
According to Swiss Bank analysts, the markets probably expected more generous measures and "are moving towards an environment in which central banks can no longer give the support they have given over the past five years".
Both gold and government bonds fare worse when rates hike, while US dollar tends to appreciate - Credit Suisse analysts say - Emerging market sovereign bonds tend to remain relatively immune to…
The first of the two capital increases announced last week by Credit Suisse starts - The Swiss bank will place 58 million new shares at a price of 22,75 francs.
Group also aims to cut annual costs by CHF 3,5 billion by 2018 - Stock tumbles in Zurich
Credit Suisse in deep red on the Stock Exchange after the rumors collected by the Financial Times on an upcoming maxi capital increase.
CREDIT SUISSE REPORT: After the Volkswagen scandal, the future of diesel is increasingly at risk. Gasoline is resurrecting, while hybrids and electric vehicles continue to grow.
The figure exceeds one billion Swiss francs and was better than the expectations of analysts, who expected a net profit of 703 million francs - In the same period last year the bank had suffered a loss…
According to Crédit Suisse analyses, the growth in bond yields and their wave of sales can impact the stock market under certain conditions - Cyclical stocks and banks would benefit from the situation, while they risk…
Profits above expectations for the Swiss bank, up 23%. market volatility supported the trading activity and the private banking division
The current CEO Brady Dougan leaves the leadership of the Swiss group after 8 years - In his place comes the Ivorian Tidjane Thiam who in turn leaves Prudential - The stock jumps up by 7%
The case concerns the process of fixing the prices of gold, silver, platinum and palladium in London - Involved Deutsche Bank, JP Morgan, Goldman Sachs, Barclays, Credit Suisse, Société Générale, Standard Bank Group, UBS, HSBC and Bank of …
Profits boom for Société Générale - Profits down sharply for Credit Suisse compared to 2013 - Good fourth quarter for Commerzbank with a net profit of 77 million
However, the ratings, respectively "underperform" and "neutral" confirmed - Slightly negative stocks in Piazza Affari.
The capitalization of financial assets increased by almost 50% thanks to the stock market and the market value of debt securities.
The amount drops from $10,7 billion to $6,6 billion - Credit Suisse, Citigroup and Barclays see their stakes reduced pro-rata.
Overall, the fine is 115 million dollars (approximately 94 million euros). It concerns the manipulation of the Libor rate in Swiss francs
This is what is surprisingly highlighted in the Credit Suisse report "The CS Gender 3000, Women in senior Management", a database that includes over 3 companies from 40 countries and all the main sectors - Italy above the average also…
CREDIT SUISSE - GDP growth and solid jobs data suggest the Fed could raise borrowing costs sooner than the market expects - Credit Suisse: "Remain overweight until the first increase in…
Credit Suisse boosted Generali's half-yearly accounts and prospects by raising its target price from 16,80 to 17,10 euros and bringing its operating rating back from underperform to neutral - The same broker also improved its estimates on…
The number two of Swiss banks explains the net loss of 700 million francs in the second quarter of 2014 with the 2,5 billion dollar fine it had to pay to the United States - Last year, in…
Saipem stands out in Milan, driven by the Kepler report which considers the next sale by Eni as probable - The prospect of new sanctions against Russia is receding: the European stock exchanges rise, the euro slips - The banks are weighing…
The Credit Suisse report on the two main economies of the Eurozone periphery confirms a trend of recent years, also confirmed by the overtaking of the spread: international investors prefer Madrid - From government bonds to debt, to economic growth: here…
Which banks have disbursed the most money to the US authorities? Reuters is thinking of answering this question with a graph that clarifies who paid, why, how much, when and how many times. At the top of the list is JP…
Credit Suisse Italy has sold the business unit relating to the “affluent” and “upper affluent” private banking activities in Italy to Banca Generali.
Today Credit Suisse raised the rating on the shares of the Italian fashion house from underperform to neutral, keeping the target price unchanged at 21 euros - A decision made in light of the growth profile of the group's profits and…
